Central Health acquires a 116,000-sqft office complex at Cameron Rd, Austin, to house clinics, pharmacies, detox centers, and respite care beds for the homeless.
AUSTIN – Beacon Capital Partners has purchased The Foundry from Tishman
Speyer.
The two-building, 240,000-sf office complex was 96 percent leased at the time
of sale.
Cushman & Wakefield represented Tishman Speyer, which purchased the two
buildings in [January 2021 ](https://www.recenter.tamu.edu/news/newstalk-
texas/?Item=25551)and [July 2021](https://www.recenter.tamu.edu/news/newstalk-
texas/?Item=26255) from Cielo Property Group.
AUSTIN – Generational Commercial Properties and DivcoWest are developing a
seven-story office tower at 218 S. Lamar St.
Called Zilker Point, the project will have 192,000 sf of office space, 15,000
sf of retail space, and 635 parking spaces.
Amenities will include a fitness center, community art gallery, and rooftop
terrace.
Runa Workshop is the architect. MSD Capital provided a $124 million
construction loan.
Construction wraps in 2024.
SAN MARCOS – SafeHand Holdings LLC has picked up a 681-acre development
site along SH 142 called Turner Crest.
The site will house residential and commercial space.
Walton Global was the seller. TRE Commercial represented SafeHand.
AUSTIN – Disrupt Equity has acquired Array Apartments, a 369-unit
multifamily complex at 2101 Burton Dr.
Built in 1973, the community has one-, two-, and three-bedroom options.
Amenities include two pools, two dog parks, a sports court, clubhouse, outdoor
grilling, and onsite laundry facilities.
Disrupt will manage the property and implement a value-add program.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: [REBusiness Online](https://rebusinessonline.com/disrupt-equity-
buys-369-unit-multifamily-property-in-austins-riverside-district/)
MANOR – RangeWater Real Estate has broken ground on The Darby, a 25-acre
multifamily community near the Shadow Glen Golf Club and Austin Executive
Airport.
The property will have 24 townhomes, 326 apartment units, a fitness center,
private garages and outdoor areas, and common-area amenities.
The first round of apartments will be delivered in fourth quarter 2023.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: [Multi-Housing News](https://www.multihousingnews.com/rangewater-
breaks-ground-in-austin/)
AUSTIN – The Connor Group has sold Barton Creek Villas to a fund backed by
Goldman Sachs Asset Management.
Built in 1998 at 2716 Barton Creek Blvd., the 250-unit community has one-,
two-, and three-bedroom floor plans averaging 1,049 sf.
Amenities include a pool, fitness center, clubhouse with a coffee bar,
outdoor grilling stations, dog park, and walking trails. It was 99 percent
occupied at the time of sale.
Newmark brokered the deal.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: [REBusiness Online](https://rebusinessonline.com/newmark-arranges-
sale-of-250-unit-multifamily-property-in-west-austin/)
AUSTIN – California-based SecureSpace Self Storage has purchased three
local self-storage facilities totaling approximately 1,600 units.
Two properties are within the city limits at 8200 S. I-35 Service Rd. and
8327 S. Congress Ave. The third is in Bee Cave.
The properties are part of a larger 11-facility portfolio that totaled 6,550
units. The other eight assets are in California and Oregon.
JLL represented the seller, Pegasus Group.
AUSTIN – Kittle Property Group is developing a 363,000-sf multifamily
community near Samsung's new semiconductor factory.
The $31.4 million property will have 12 residential buildings, nine garage
buildings, and a clubhouse.
Construction begins this fall and will be finished in 2025.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: [Connect CRE](https://www.connectcre.com/stories/national-builder-
eyeing-austin-for-new-apartment-project/)
AUSTIN – Locally based Zion Capital Group LLC has purchased five multifamily
properties totaling 325 units.
MCP Mueller Place LLC sold Mueller Place Apartments to Zion. The portfolio is
comprised of the 86-unit Mueller Place I at 5800 Wellington Dr. and 24-unit
Mueller Place II at 6301 Berkman Dr.
Zion also purchased the Villas at Mueller, a 124-unit community at 6103 Manor
Rd. The seller was 6103 Manor Rd. LLC.
The final purchase was the Hyde Park Portfolio, which is comprised of Spanish
Trails Apartments and Miller Square Apartments.
The 40-unit Spanish Trails at 4520 Bennett Ave. was sold by Armadillo Spanish
Trails Realty LLC. CSC Miller Square Realty was the seller of the 50-unit
Miller Square at 918 E. 40 St.
Northmarq Capital LLC facilitated $43.8 million in acquisition loans.
[](https://www.recenter.tamu.edu/articles/technical-
report/Texas-Quarterly-Commercial-Report)The Texas Real Estate Research Center
has more news like this online for free:
* [ _Texas Quarterly Apartment Report_](https://www.recenter.tamu.edu/articles/research-article/TexasQuarterlyApartmentReport-2242)
* [Austin multifamily news](https://txrec.io/2PoQABe)
Source: _[Austin Business
Journal](https://www.bizjournals.com/austin/news/2022/08/12/real-estate-
roundup-zion-capital-makes-splash.html)_