SAN ANTONIO-Broadway Mattress Outlet is using 5,000 sf for a store and the balance as a warehouse in a shared 24,000-sf building in the central submarket. It is the retailer's only location in San Antonio.
AUSTIN-NorthStar Resources is ramping up a relocation from within the southwest submarket in a move that doubles its office space to 5,100 sf. Colliers International brokers crafted the pact for tenant and building owner.
SAN ANTONIO-KC Ventures of Kansas City, MO is the buyer; Sentinel Real Estate Corp. of New York is the seller. The trade is the 232-unit Wall Street Apartments, an 87%-occupied complex in the northwest submarket.
AUSTIN-Beginning March 3, Sunset Valley, a thriving retail hub, limits surface parking area to 18% of the tract size for new developments. It had been 40% to 50%. The stiffer action comes about three months after a development moratorium.
AUSTIN-Weil, Gotshal and Manges heads into a 4,000-sf office in the northwest submarket instead of the CBD, a favorite landing ground for law firm newcomers. The firm signs for three years at the Westech 360 building.
SAN ANTONIO-An Austin investor acquires the 39,759-sf University Park Service Center in San Antonio's northwest submarket from Primera Partners. JPMorgan Chase provided the acquisition financing for the fully leased center.
AUSTIN-Gov. Rick Perry says the funds would be used to help close deals, spur development for tech and biotech companies, retain a semiconductor research firm and provide health and disaster relief.
NASHVILLE-The Brown Schools in Nashville finds a buyer in Psychiatric Solutions Inc. of Franklin, TN for six psychiatric hospitals, three of which are located in Central Texas. The sale is expected to close by March 31.
SAN ANTONIO-Sam and Ann Barshop donate $4 million to a 50,000-sf aging research center for the University of Texas at San Antonio. The NIH has kicked in $3 million while $6 million apiece came from the Brown Foundation and the state.
AUSTIN-The industrial leases seal off 17,250 sf at three properties. Total Amusements takes 5,400 sf at 3709 Promontory Point Dr. while five-year renewals are inked for buildings along East St. Elmo Road and Industrial Oak Boulevard.