Texas Real Estate Business magazine covers the multifamily, retail, office, healthcare, industrial and hospitality sectors in Texas.
Issue link: https://texasrealestatebusiness.epubxp.com/i/817755
A U S T I N & C E N T R A L T E X A S 20 • May 2017 • Texas Real Estate Business www.REBusinessOnline.com S A N A N T O N I O & S O U T H T E X A S www.corfac.com 224.257.4400 Locally Owned. Globally Connected. TEXAS/MEXICO AFFILIATES: AUSTIN , TX Centric Commercial/ CORFAC International 512.320.9190 www.centric-re.com DALLAS , TX Bradford Commercial Real Estate Services/ CORFAC International 972.776.7034 www.bradford.com FT. WO RTH , TX Bradford Commercial Real Estate Services/ CORFAC International 972.776.7034 www.bradford.com HOUSTON , TX Boyd Commercial/ CORFAC International 713.599.3454 www.boydcommercial.net SAN ANTONI O, TX Providence Commercial Real Estate Services/ CORFAC International 210.366.4444 ww w.pcres.com AGUAS CALIENTES , MX Citius Capital/ CORFAC International +52.499.251.3926 www.citiuscapital.com CIU DAD JUAREZ, MX Citius Capital/ CORFAC International +52.656.207.7683 ww w.citiuscapital.com GUANAJUATO, MX Citius Capital/ CORFAC International +52.462.145.2479 ww w.citiuscapital.com MONTERREY, MX Citius Capital/ CORFAC International +52.818.115.3275 ww w.citiuscapital.com QUERETARO, MX Citius Capital/ CORFAC International +52.442.388.0886 ww w.citiuscapital.com MISSION, TX Citius Capital/ CORFAC International +52.818.115.3275 ww w.citiuscapital.com SAN LUIS P OTOSÍ , MX Citius Capital/ CORFAC International +52.444.151.1092 ww w.citiuscapital.com WHERE ARE YOUR REAL ES TATE DECISIONS TAKING YOU? Chart your course with CORFAC International, a commercial real estate network managed by independent, like- minded principals and agents worldwide. Navigating the commercial property markets as an investor, developer or tenant seeking office, industrial and retail assets has never been easier. Experience the client-centric service that local experts deliver every day for businesses like yours. Contact a CORFAC firm in your market today. tal Lending on behalf of the borrower, 5827 Loop 410 LLC. PORT SAN ANTONIO BREAKS GROUND ON $20 MILLION CYBERSECURITY CENTER SAN ANTONIO — Port San Antonio has broken ground on Phase I of Proj- ect Tech, a $20 million project that will deliver a 90,000-square-foot facility that will be leased to various cyber- security firms. The property, which is scheduled for 2018 completion, will anchor a larger office development that could span as much as 500,000 square feet across 17 acres. Suites in the build- ing will start at 2,500 square feet. HULU TO OPEN 45,000 SF VIEWER OPERATIONS CENTER SAN ANTONIO — California-based video subscription company Hulu will open a viewer experience opera- tions center in San Antonio. The cen- ter, which will measure 45,000 square feet, according to the San Antonio Ex- press-News, will serve as a customer service center to aid the rollout of the company's new live television service and redesigned interface. The open- ing of the center in 2017 is expected to create at least 500 new jobs by 2018. KEYBANK ARRANGES $15.4 MILLION FOR SKILLED NURSING FACILITY HARLINGEN, TEXAS — KeyBank Real Estate Capital, an Ohio-based finance firm, has arranged $15.4 mil- lion in first mortgage financing for Re- gency-Windsor Atrium View, a skilled nursing facility in the South Texas city of Harlingen. Located at 1814 Atrium Place Drive, the facility, which was built in 2012, offers 120 beds. John Randolph of KeyBank arranged the loan, which has a 35-year amortiza- tion schedule, to refinance existing debt on the property. CADENCE MCSHANE BREAKS GROUND ON 220-UNIT APARTMENT COMPLEX SAN ANTONIO — Cadence McShane Construction Co. has broken ground on 120 Ninth Street Apartments, a 220-unit multifamily property located along the River Walk area of San An- tonio. Situated on 2.2 acres, the five- story building will house four studio apartments, 165 one-bedroom units and 40 two-bedroom units. Amenities will include a fitness center, central courtyard, pool and grilling stations. SC Bodner Co., an Indianapolis-based firm, is the developer of the project, the first phase of which is slated for September 2018 completion. EXXONMOBIL, SABIC TO BUILD $10 BILLION, 1,300-ACRE PLASTICS PLANT CORPUS CHRISTI, TEXAS — Gulf Coast Growth Ventures, a joint ven- ture between ExxonMobil Corp. and Saudi Arabia Basic Industries Corp. has proposed plans to build a $10 bil- lion, plastics manufacturing complex along the Gulf Coast in south Texas. The 1,300-acre plant, which would be the world's largest ethylene produc- tion center and could come on line as early as 2020, will be located in San Patricio County. Construction of the plant is expected to create 6,000 jobs. Upon completion, the plant is project- ed to create an additional 3,500 jobs. RETAIL SOLUTIONS SECURES 25,000 SF LEASE FOR ROSS DRESS FOR LESS LAREDO, TEXAS — Retail Solutions has secured a 25,000-square-foot lease at Laredo Town Center, a retail center located at 5511 Bob Bullock Express- way. Chris Flesner of Retail Solutions and Jim Weir of The Retail Connection represented the landlord in the trans- action Jim Tapp of The Tapp Co. repre- sented the tenant, Ross Dress for Less. CBL, HORIZON GROUP OPEN 358,000 SF OUTLET SHOPPES LAREDO, TEXAS — CBL & Asso- ciates Properties Inc. and Horizon Group Properties have completed the development of The Outlet Shoppes at Laredo, a 358,000-square-foot re- tail center located at 1600 Water St. in Laredo. More than 50 retailers, includ- ing Nike, Puma, Michael Kors, Brooks Brothers and Sunglass Hut, have se- cured leases at the center. The grand opening was held on April 5.