REBusinessOnline

IRVING, TEXAS — Berkadia has arranged a $124.6 million loan for the refinancing of Alesio Urban Center, a mixed-use property in Irving’s Las Colinas district that consists of 908 apartments and 55,499 square feet of commercial space. Developed on 17.3 acres in phases between 1987 and 1995, Alesio Urban Center comprises 14 residential buildings, a structured parking garage and...

HUMBLE, TEXAS — Local developer Triten Real Estate Partners has delivered a roughly 400,000-square-foot distribution center in the northern Houston suburb of Humble. Known as Kenswick at 1960, the property consists of two buildings that feature 36-foot clear heights, approximately 9,000 square feet of office space and “ample” trailer and car parking. The site also includes mo...

HOUSTON — Local developer NewForm Real Estate has completed a 50,738-square-foot adaptive reuse project near downtown Houston. The project converted the historic, six-story Commercial National Bank Building at 917 Franklin St., which was originally constructed in 1904, into a modern office facility with 3,390 square feet of retail/restaurant space. The restoration involved ex...

FLOWER MOUND, TEXAS — Spring Valley Construction Co. has broken ground on a 17,400-square-foot retail project in Flower Mound, located in the northern-central part of the metroplex. The project represents Phase I of the 40,000-square-foot retail component of Silveron Park, a mixed-use project that will also feature 525,000 square feet of office space and 200 apartments. Weitz...

ELLABELL, GA. — National retailer Burlington Stores Inc. has opened a new 2 million-square-foot distribution center in Ellabell, about 27 miles west of Savannah in Bryan County. The facility, the first distribution center in Georgia for Burlington, is expected to generate 1,500 new jobs at full capacity. In addition to climate-controlled, automated distribution space, the pro...