Austin TX, May 2018: TX — Tarantino Properties, Inc. is pleased to announce, on May 10, 2018, the acquisition of the North Park Shopping Center located at 9616 N. Lamar Blvd in Austin, Texas. The neighborhood retail center has gross leasable area of 110,049 SF on approximately 10 acres. North Park is in a prime, urban infill location in the growing North Lamar corridor of Austin. The property is currently 93% occupied to a diverse blend of local and national tenants such as Aaron Rents and Dollar General. Tarantino Properties will manage and lease the property from its Austin office, led by Nick Tarantino. The selling broker was Jim Batjer, a Senior Managing Director at HFF, LP.
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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
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 approved purchasing a portion of 390 acres on Brinkmann Ranch on Tuesday for the development of park land with athletic fields.
Read more at Community Impact Newspaper