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Tag Archives: USAA

Drilling Contractors Association Signs HQ Lease in Westchase

HOUSTON – (Realty News Report) – The International Association of Drilling Contractors leased 18,920 SF for its headquarters in the new, eight-story Lockton Place building, 3657 Briarpark Drive in Westchase. The association, founded in 1940, will move its headquarters from 10370 Richmond in the third quarter. JLL’s Chad Barker and Matt Sanderson represented the Drilling Association. JLL’s Russell Hodges and ... Read More »

RigNet Leases 29,000 SF in Energy Corridor

HOUSTON – RigNet, a leading global provider of digital technology solutions, leased 28,808 SF of office space at Park Ten Plaza in Houston’s Energy Corridor. This transaction brings the 155,140-SF building to 83 percent leased. Brad Fricks, Senior Vice President at Stream Realty, represented the landlord, USAA Real Estate Co. RigNet was represented by Joe Peddie at Cushman and Wakefield. ... Read More »

USAA and HSA Prime Care Launch Medical Properties Effort

SAN ANTONIO – San Antonio-based USAA Real Estate Company (USAA RealCo) has joined with HSA PrimeCare, located in Chicago, to acquire and develop outpatient healthcare real estate properties across 11 Midwestern states. The firms also announced their first acquisition, a 97,375-square-foot register of medical office assets in northwest Indiana and in Tinley Park, Ill., a suburb southwest of Chicago. The ... Read More »

Five Regional Malls Bought for $1.1 Billion

DALLAS – A group including Dallas-based Centennial Real Estate Co., Montgomery Street Partners, the real estate investment affiliate of Blum Capital Partners, and San Antonio’s USAA Real Estate Co. acquired five regional malls from Westfield Corp. for $1.1 billion. The 6 million-SF portfolio has an average occupancy of 97 percent. The properties are: Connecticut Post Mall in Milford, Conn.; Main Place Mall ... Read More »

Crimson/USAA Start New Building in NW Austin

AUSTIN – Patrinely Group, headquartered in Houston, will develop Aspen Lake Two, a 129,000 rentable square foot building located at the intersection of Lake Creek Parkway and Pecan Park Boulevard, immediately east of Highway 183. Aspen Lake Two is 54 percent preleased to Q2ebanking, a provider of premier electronic banking solutions for community-focused banks and credit unions throughout the U.S. Leasing ... Read More »

Conor/USAA JV to Develop 525,000 Industrial Project Near Houston

HOUSTON – Colliers International announced the sale of a 36.24-acre tract of land in the northeast quadrant of Beltway 8 & U.S. 90A in Missouri City, near Houston, for development of an industrial project. A joint venture of Conor Commercial Real Estate and USAA Real Estate Co. will develop a three-building, 525,800-square-foot industrial project. Tom Condon, Jr., Senior Vice President in The ... Read More »

Patrinely/USAA Developing Westchase Apartment Project

HOUSTON – Crimson Real Estate Fund and USAA Real Estate Co. have announced plans to develop a 266-unit apartment project in in the Westchase submarket of Houston, near Westheimer Road and the Sam Houston Parkway. A Crimson affiliated company, Patrinely Group, headquartered in Houston, is developing the new complex on three acres of land next to the 2500 City West ... Read More »

256 Warehouses Selling for $1.6 Billion; Portfolio in Houston, Dallas, Atlanta, Chicago and More

LOS ANGELES– Colony Financial has agreed to acquire Dallas-based Cobalt Capital Partners and its portfolio of 256 primarily light industrial properties for $1.6 billion. The portfolio is leased to over 600 tenants and comprises over 30 million square feet across 16 major U.S. markets, with including Houston, Atlanta, Dallas and Chicago. “Over the last ten years, we’ve grown Cobalt, along ... Read More »

USAA Buys Industrial Properties in Texas and Georgia

SAN ANTONIO – USAA Real Estate Co. acquired a 1.5 million square foot warehouse portfolio with distribution buildings in Dallas and Atlanta areas. The portfolio consists of two properties known respectively as I-85 Distribution Center, a 744,000 square foot warehouse located in Union City, Georgia within the South Atlanta submarket, and Dalport Trade Center, a 758,922 square foot warehouse located ... Read More »

CityPlace: A Massive Mixed-Use Project (with 4 Million Sf of Office) to be Built Adjacent to Exxon Mobil Campus

Houston – CityPlace, a massive urban village development with 4 million square feet of office space, retail space, hotel and multifamily will be developed around the new Exxon Mobil campus north of Houston. A development venture comprising Patrinely Group, CDC Houston and USAA Real Estate Company announced project details for the new 60-acre CityPlace, formerly known as Springwoods Village Town ... Read More »

USAA Developing Major Office Project in Washington DC Area

SAN ANTONIO – An affiliate of San Antonio-based USAA Real Estate Co is developing a new office property in the Washington DC suburb of Alexandria, Va. The 705,000-sf office building development at Hoffman Town Center – Block 8 — is preleased to the General Services Administration on behalf of the National Science Foundation (“NSF”) for a term of 15 years.  ... Read More »

Fortis Buys Three Austin Office Buildings from Admiral, Crimson, USAA Partnership

AUSTIN – Admiral Capital Group, an investment group led by former NBA star David Robinson of the San Antonio Spurs, and its joint-venture partner, Houston-based Crimson Real Estate Advisors, have sold three Austin office properties, totaling 380,000-sf. The Austin portfolio includes the 205,000-sf Aspen Lake, the 174,448-sf Tower of the Hills and 178,000-sf Tower Point located in northwest Austin. The ... Read More »

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