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At 6.33 acres, the former world headquarters for American Airlines and American Airlines Federal Credit Union provides investors with a rare opportunity to redevelop the campus into perhaps a headquarters.
Waller Industrial Park benefits from proximity to US Highway 290 and fast-growing northwest quadrant of Houston, and NRG Manufacturing chose the park for a manufacturing, testing and regional office.
Due for completion in 2021, the property will include two 12-story buildings connected by a concrete corridor that will house 109 condominium units above a ground-floor lobby and 5,010 square feet of retail.
Stable economic drivers have helped Las Colinas multifamily properties to sustain high occupancy and support good rent growth and as a result of a humming submarket, The Brandt was attractive to a recent buyer.
NorthPoint Development LLC nabbed the site located at US 90 and Uvalde Road where it plans to develop a 2.5 million-square-foot master-planned industrial park called NorthPoint 90 Logistics Center.
Rose Orchard has recently been modernized and the tenant mix aligns with the firm's strategy of acquiring single-tenant corporate properties in key growth markets across the United States.