New West Houston Business Park Inks First Deal for MAN Diesel & Turbo’s North American Headquarters

The business park at Twinwood, a new west Houstondestination for companies dedicated to research and development, distribution and light manufacturing, has finalized its first agreement to bring MAN Diesel & Turbo’s new North American headquarters to the 650-acre property.  

Located just south of I-10 between Woods Road and FM 1489, the business park at Twinwood is part of a proposed 14,000-acre master-planned community of low, medium and high-density residential along with retail, hospitality, higher education and office.  The property is owned by Houstonbusinessman Putera Sampoerna.

MAN Diesel & Turbo’s new North American headquarters, a 137,434 square-foot build-to-suit owned by Houston-based Welcome Group, will house 105,309 square feet of air-conditioned service shop space and 32,125 square feet of office space.  The Design/Build project by Houston-based KDW is slated to span one year, beginning in the second quarter of 2018.

Click to read more at Manufacturingglobal.com

New Developments Coming to International Business Park

Billingsley Co. is constructing an addition to International Business Park in Carrollton and Plano that will include five office buildings and a shared amenities center.

Located at 6161 Plano Pkwy., the project is spearheaded by the first building, a speculative, four-story plan that contains office space and the amenities center. The five new buildings will range from 180,000 to 211,000 square feet each, with a total footprint of 967,000 square feet.

According to Billingsley partner Lucy Burns, the new campus will feature private outdoor space for the first-floor tenants, and will come at a cost of less than $25 per square foot. Peloton Commercial Real Estate’s Trevor Franke and Gini Dibrell will be leasing the projects for Billingsley.

Read more at www.dmagazine.com

Frisco City Council approves purchase of Brinkmann Ranch land for large community park

Frisco City Council approved purchasing a portion of 390 acres on Brinkmann Ranch on Tuesday for the development of park land with athletic fields.

The city is purchasing the land, located on the southwest corner of Panther Creek Parkway and Preston Road, with the Frisco Community Development Corp. The Frisco Economic Development Corp. may also contribute to the purchase of the park land, which will total about $61 million.

Read more at Community Impact Newspaper

Luxury mixed-use in Upper Kirby signs boutique, Indian restaurant, hair salon

Kirby Collection, a new luxury mixed-use development in Upper Kirby, is adding three more retail tenants.

New York-based developer Thor Equities announced Jan. 3 that A Ma Maniére, Great W’Kana Café and Atelier Isabelle Rose recently signed leases. Austin Knief and George Stanchfield of Thor Equities represented the landlord, Thor, in all three transactions.

A Ma Maniére, a boutique from Atlanta, will take 2,200 square feet for its first Houston store. The company offers luxury streetware and footwear brands, including Adidas, Alexander Wang, Off-White, Puma and Raf Simons, according to Thor Equities’ press release. Jerald Vascoe represented A Ma Maniére in the lease. 

Click to read more at Houston Business Journal. 

Dallas ISD’s former headquarters along Ross Avenue near downtown Dallas getting major makeover

A Dallas-based investment firm plans to transform the former Dallas Independent School District headquarters along Ross Avenue from administrative offices into a luxury rental community while saving the architecture of the historical building.

Dallas ISD left the corporate office at 3700 Ross Avenue in downtown Dallas to consolidate into an office building along North Central Expressway, giving the school district a more efficient footprint.

Click to read more at Dallas Business Journal. 

Indeed, like HomeAway and Facebook, sets up another huge office in Austin’s ‘second downtown’

Indeed.com, the booming aggregation website for job seekers, is another marquee company going all in at The Domain in North Austin.

The 300-acre mixed-use development, which has risen like a phoenix in the past decade, has become Austin’s second downtown and is nearing build-out with tech-focused companies — Amazon, Facebook and HomeAway, to name a few — snagging a piece of prime real estate.

Click to read more at Austin Business Journal.