NewsTalk Texas

Texarkana

Texarkana meeting demand with Freestanding Emergency Center 

(5/26/2015)

TEXARKANA, TEX. - Texarkana Emergency Center (TEC) will open its freestanding emergency center in early fall at 4646 Cowhorn Creek Rd.

In contrast to an urgent care clinic, TEC is a freestanding emergency room with a team of ER trained doctors, nurses, and technologists that are available 24/7.

The physicians are all Board Certified, and are among the most experienced and accomplished in the region.

The Texarkana Emergency Center group of physicians currently operates successful Free Standing ERs in Houston, Austin, Beaumont, Laredo, and Dallas, and would like to provide the same great service to the Texarkana community.

Texarkana Emergency Center will be open 24 hours a day, 365 days a year.

To learn more about the myriad services they provide, see TexarkanaEmergencyCenter.com.

Read more at txktoday.com.

Texarkana: Save-A-Lot Grocery Retail Center sold! 

(5/14/2015)

TEXARKANA, TEX. - Marcus & Millichap announced the sale of the 37,909-sf Save-A-Lot Grocery Retail Center.

The retail property — located at 2808 New Boston Rd. — was constructed in 2005 and is situated on approximately four acres in Bowie County less than two miles from I-369.

At the time of listing, the retail center was 70 percent occupied with Save-A-Lot occupying 47 percent of the leasable area.

Source: Marcus & Millichap

Texarkana, Tex.: on the road again at Gibson Lane 

(4/30/2015)

TEXARKANA, TEXAS - The Texarkana, Texas, City Council voted unanimously to enter into contracts to complete the extension of Gibson Lane from Pleasant Grove Rd. to Kings Hwy.

The project includes approving the reimbursement of the approved construction costs using funds generated from future development revenue from the Tax Increment Reinvestment Zone #1 in an amount not to exceed $2 million.

The construction would extend the road past Encore Apartments to Kings Hwy., which is also known as Texas FM 989.

Read more at the Texarkana Gazette.

Wake Village: adding a Walmart to the neighborhood 

(4/1/2015)

WAKE VILLAGE, BOWIE COUNTY - Another Neighborhood Market Walmart is headed to town, and this one will be located in Wake Village.

Construction is underway at 200 Wake Village Rd., which is at the northwest corner of Wake Village Ave. and 7th St.

The 40,000-sf store will employ up to 95 associates. Construction value is $1.7 million.

The store will hold a grand opening in either late summer or fall.

In early January two new Walmart Neighborhood Market Stores opened, one in Naples, Texas, and another in Redwater, Texas.

The Naples market is at 504 W. WL Doc Dodson, and the Redwater market is at 114 Redwater Blvd W.

About 60 jobs will be created by the two Walmart Neighborhood Markets. The new stores are about 12,000 sf each.

Later in January, a Walmart Neighborhood Market opened at Summerhill Rd. and College Dr.

The Summerhill Rd. and College Dr. location has about 42,000 sf and employs 95 full- and part-time associates.

Read more at the Texarkana Gazette.

The Lofts of Texarkana to east side of Buhrman-Pharr 

(3/10/2015)

TEXARKANA - While some recent business development is going on in the 200 block of West Broad St., the east end of downtown will be getting more residential lofts constructed and completed by the end of this year.

The former Buhrman-Pharr Hardware warehouse and retail building at 620 East Third St. is presently undergoing the same type of renovation its sister wholesale warehouse building — just to the west of it — underwent in 2009.

While the west side four-story building now has what are known as the Buhrman-Pharr Lofts, the east side four-story building will soon be home to The Lofts of Texarkana.

This means 47 new lofts will be installed in the 1920s vintage building, said Kristina Knight, vice president of acquisitions for the Little Rock-based Rich Smith Development firm.

This $8 million renovation and restoration, which started in November of last year will encompass all of the 82,500 sf of the building’s interior (roughly 20,500 sf per floor). The exterior will retain its original Scottish bond pattern brickwork.

The building’s original ground floor warehouse floor plan will still consist of retail space, a work room, a freight elevator, stairs and business offices, will be redesigned into 11 apartment units, a community room, computer business lab, kitchen area, leasing office, a laundry room, fitness center and a library — complete with a new elevator to replace the existing freight elevator.

The structure’s second, third and fourth floors, which are currently open warehouse space, are being redesigned to fit 12 apartments per floor for one-, two- and three-bedroom apartments.

The single-bedroom units will offer 852 sf, with the two-bedroom having 1,058 sf and the three-bedroom offering 1,392 sf.

Read more at the Texarkana Gazette.

Texarkana: 126,000-SF renewal by Cherokee Nation Red Wing 

(1/27/2015)

TEXARKANA AREA - Cherokee Nation Red Wing, a defense contractor serving Red River Army Depot (RRAD), renewed its lease on the TexAmericas campus.

The lease brings occupancy at the campus to over 90 percent. TexAmericas Center (TAC) manages over 650,000 sf of industrial and office product on the Central campus.

The one-year lease renewal, which begins on Feb. 1, is for a 126,500-sf building on the TexAmericas central campus, which is the former RRAD administrative area.

Established in 2009 as a tribal-owned business, Cherokee Nation Red Wing has grown from its roots in manufacturing into a full-scale life cycle support organization.

TAC reports less than 63,000 sf of office and industrial space to be available on the Central Campus footprint.

TAC has about 12,000 acres and about 3 million sf of commercial and industrial product.

In 2005, TexAmericas Center began the process of absorbing the majority of the fully closed Lone Star Army Ammunition Plant, also in the Texarkana market. This property added nearly 8,900 acres to the TexAmericas Center inventory. This property offers:

  • 240,000 sf of rail to truck cross-dock warehousing space;
  • 170,000 sf of dry storage with nearby rail siding;
  • 500,000 sf of energetics production space;
  • 100,000 sf of high explosives storage


Read more at txktoday.com and the Texarkana Gazette.

Click here for more information on the TexAmericas Center.

tag: Texarkana NAI American Realty, Texarkana data

Two Texarkana area hotels receive high commendations 

(1/26/2015)

TEXARKANA - TripAdvisor just released their annual Travelers Choice Awards for 2015 and two southwest Arkansas hotels are on the list.

Best Western Plus Texarkana Inn & Suites located at 5219 Cross Rd. Pkwy. ranked 16th on the top 25 bargain hotels in the United States list.

Hampton Inn and Suites Hope located at 2700 N Hervey St. in Hope ranked 13th on the top 25 hotels for service in the United States list.

The reviews are based on the millions of reviews left on tripadvisor.com in the previous year. Best Western Plus is also ranked the number one hotel in Texarkana on TripAdvisor.

Read more at tkxtoday.com.

Walmart markets neighborhoods in Bowie County 

(1/22/2015 7:15:00 AM)

TEXARKANA, TEXAS - A 42,000-sf Walmart Neighborhood Market opened today at the corner of Summerhill Rd. and College Dr. The new store employs approximately 95 full- and part-time associates.

In addition to groceries and a pharmacy, the store features health and beauty aids, pet products and cleaning supplies.

There is also another Walmart Neighborhood Market store under construction in Texarkana at 3520 Richmond Rd. City permit records the cost of construation at $2 million.

Already in January, a Walmart is open in DeKalb and another in Redwater.

Walmart is also opening many smaller Neighborhood Market stores in Diana, Hughes Springs, Linden, Lone Star, Naples, Tatum, and Wake Village.

Source: txktoday.com

Texarkana 2014 NAI American Realty Report 

(12/9/2014 7:00:00 AM)

TEXARKANA - The economy continues to remain vibrant and healthy and the unemployment rate for October 2014 was 5.1 percent, well below the 5.8 percent national average, according to the 2014 report released by NAI American Realty.

The yearly commercial real estate report looks at retail (neighborhood service centers, regional malls), office (suburban Class A) and industrial (bulk warehouse, manufacturing). Data include rent per square foot,

Development Land
Category Low/Acre High/Acre
Office in CBD $22,000 $50,000
Land in Office Parks $185,000 $250,000
Land in Industrial Parks $10,000 $30,000
Office/Industrial Land - Non-park $20,000 $40,000
Retail/Commercial Land $200,000 $870,000
Residential   $14,000 $80,000


For more on office, retail, industrial and development land, click here to see the full report from NAI American Realty.

Don't forget, you can find more information for all categories at Texarkana Market Data Sources.
Texas real estate news

Texarkana apartment market overview Oct. 2014 

(12/2/2014 6:57:00 AM)

TEXARKANA - Apartment MarketData Research Services LLC has released October 2014 data. The multifamily market data represent three months trailing (August–October 2014).

As a rule these represent all properties except those that are leased but not occupied units.

Multihousing Market Condition Comparison Aug.–Oct. 2014
Age
Group
Texarkana Texas
Units Occ. Rate* Size** Units Occ. Rate* Size**
< 1970 68 95.6% $0.681 710 132,294 96.4% $0.852 832
1970's 1,384 91.5% $0.604 820 383,819 95.8% $0.841 818
1980's 1,282 91.5% $0.732 788 488,257 96.9% $0.928 780
1990's 478 95.4% $0.645 737 226,024 97.4% $1.080 922
2000's 621 93.9% $0.653 1,064 366,007 97.4% $1.046 963
2010's 247 87.4% $0.459 1,176 70,963 97.2% $1.194 927
Totals* 4,080 92.1% $0.643 857 1,667,364 96.8% $0.966 859


Rate: Rental Rate is the average market rate expressed as ($/SF/month).
Size: The average size of each unit expressed as (SF/unit).
*Totals include four-bedroom units.

Click to see the full October 2014 Texarkana Multihousing Market Conditions Report, including previous data.

Source: Apartment MarketData Research Services LLC, San Antonio

Remember, this report and other data are available under Texarkana Market Data Sources.

$5.5M Hospice of Texarkana breaks ground 

(9/22/2014)

TEXARKANA, TEX. - Hospice of Texarkana has broken ground on a $5.5 million, 22,000-sf Inpatient Care Center at 2223 Galleria Oaks Dr. Construction is expected to be complete in 18 months.

The new facility will include 12 patient rooms, a family mediation area, a chapel and a grief counseling room. Hospice of Texarkana will be the only free-standing hospice center within about 70 miles.

Read more at KTBS-TV.

Walmart adding two Neighborhood Markets in Texarkana 

(9/8/2014)

TEXARKANA, TEX. - Walmart is currently building two Neighborhood Market stores, which are about 38,000 sf each, in Texarkana.

One store, costing an estimated $1.7 million, will be located 3520 Richmond Rd. The other will be at 1918 College Dr. and will cost an estimated $1.5 million to build, according to state filings. Both stores are slated for completion in early 2015.

While Walmart is well-known for its giant Walmart Supercenters, the world's largest retailer is now accelerating plans for smaller stores across the country.

The company plans to open up to 300 smaller retail stores, called Walmart Express and Neighborhood Markets in 2014, including five in the Texarkana region.

Walmart Express stores, which are typically about 12,000 sf, will also be built in Redwater, Dekalb, and Naples.

Read more at KTBS.

Texarkana Apartment MarketData stats: May 2014 

(7/8/2014 6:15:00 AM)

TEXARKANA, TEX. - Apartment MarketData Research Services LLC released May 2014 data. The multifamily market data represent three months trailing (March–May 2014).

As a rule these represent all properties except those that are leased but not occupied units.

Multihousing Market Condition Comparison
Age
Group
Texarkana Texas
Units Occ. Rate Size Units Occ. Rate Size
< 1970 68 95.6% $0.681 710 134,614 96.5% $0.837 832
1970's 1,384 91.5% $0.604 820 385,921 95.7% $0.818 818
1980's 1,282 91.5% $0.732 788 489,131 97.0% $0.906 780
1990's 478 95.4% $0.645 737 225,076 97.6% $1.064 922
2000's 621 93.6% $0.649 1,064 365,322 97.4% $1.032 963
2010's 124 96.8% $0.463 1,170 62,245 97.3% $1.176 926
Totals 3,957 92.5% $0.651 847 1,662,309 96.8% $0.946 858


Rate: Rental Rate is the average market rate expressed as ($/SF/month).
Size: The average size of each unit expressed as (SF/unit).

Click to see May 2014 Texarkana full report, including historical data.

Source: Apartment MarketData Research Services LLC, San Antonio

Remember, the report and other data are available under Multifamily in Texarkana Market Data Sources.

Texarkana's 22,080-SF Cash America Pawn sold 

(6/23/2014)

TEXARKANA, TEXAS - The 22,080-sf Cash America Pawn at 3501 N. Stateline Ave. has been sold. Traffic counts exceed 28,000 vehicles per day at the site, which is on a major north-south thoroughfare.

The property’s building benefits from its excellent frontage, visibility and access. Other tenants in the immediate area include AutoZone, Regions Bank, O'Reilly Auto Parts, Walgreens, CVS Pharmacy, McDonald's, Burger King, Taco Bell, KFC, Dollar General, Pizza Hut, RaceTrac and Stripes.

Source: Marcus & Millichap

Texarkana building permits: year-end 2013 

(1/15/2014)

TEXARKANA, TEXAS - The City of Texarkana has released its year-end 2013 building permit data.

Permit
Type
# of
Permits
Estimated
Construction
Costs
Texarkana Building Permits:
Year-end 2013
New
residential
34 $6,687,025
New
nonresidential
15 $15,029,000
Total* 577 $40,844,204

* includes all permit types

Source: City of Texarkana

Arkansas' Hope Community College campus to Texarkana 

(1/2/2014)

TEXARKANA - The University of Arkansas System Board of Trustees has approved the construction of an 18,000-sf to 20,000-sf educational facility on the University of Arkansas Community College at Hope’s Texarkana Campus, located along I-30 at 3501 U of A Way.

The new facility at UACCH-Texarkana will facilitate the College’s plans to expand program offerings to meet the needs of its growing student population, which has increased 35 percent from the fall of 2012 to fall of 2013.

Funding for the new facility was provided by the 89th General Assembly. Construction will begin in early 2014.

Read more at HopePrescott.com.

Texarkana HealthCARE Express to 16,000 SF 

(10/7/2013)

TEXARKANA, TEX. - HealthCARE Express at 3515 Richmond Rd. has started the two-story expansion at the facility that will see the addition of many medical services. Construction on the 16,000-sf facility is expected to be complete in March 2014. The estimated cost of construction is $2 million, according to state filings.

The clinic on the first floor will have an additional nine exam rooms dedicated to serving occupational medicine patients.

The second floor of the expansion will serve as the headquarters for HealthCARE Express and will house the administrative offices, billing office and a training facility that will serve as the hub for training at all HealthCARE Express locations.

The two-story expansion will be built behind the existing facility, and the current facility will remain open and serving patients during the construction.

Read more at PR.com.

Residence Inn underway in Texarkana 

(7/21/2013)

TEXARKANA, TEX. - The new five-story, 87,000-sf Residence Inn by Marriott is going up at 3900 St. Michael Drive. The 121-room Residence Inn, located at I-30 and US 59, will open in early 2014.

NewcrestImage is the developer of the $5 million structure.

This site was formerly the location of the Cinemark movie theatre.

Read more at NewcrestImage and the City of Texarkana.

Listen to Podcast 180 for this story...and more! 

I-49 to connect Texarkana to Louisiana 

(4/24/2013)

TEXARKANA, ARK. - Construction of I-49 from Texarkana to the Louisiana border is scheduled to begin before the end of May 2013.

The final contract was awarded to I-Highway Construction Inc., a Colorado construction company, for $16,110,526. The project should be complete by spring 2015.

The purpose of the project is to construct a four-lane divided roadway on 4.2 miles of Hwy. 71, south of Doddridge. The work will extend from the Louisiana state line to Doddridge, south of Texarkana.

This is the final project from Texarkana to Louisiana and eventually will be a part of I-49. This combined with the completion of the northern loop in Texarkana, Ark., will provide a four-lane divided interstate-type roadway from Louisiana to Hwy. 71 north of Texarkana.

Read more at the Texarkana Gazette.

Rodeway Inn gets new owner in Texarkana 

(4/8/2013)

TEXARKANA, TEX. - Rodeway Inn, a 74-room hotel property located at 5105 North Stateline Ave., has been sold to a private investor. The two-story hotel was constructed in 1985 and operated as a Comfort Inn until 2007.

Marcus & Millichap Real Estate Investment Services managed the sale of the property.

Source: Marcus & Millichap

TAMUT gets farm; Texarkana college gets Robison campus 

(2/19/2013)

TEXARKANA - Texas A&M University-Texarkana (A&M) and Texarkana College (TC) announced a building and land swap.

With the swap, the university will convey all of its property on Robison Rd. to Texarkana College including the Aikin Building, the academic building, 3.25 acres near College Bowl and the Moss Library. In exchange, the university will receive the college’s farm and $340,000.

The college will lease the academic building until July 31, 2016, then pay $340,000 to finalize the deal.

It make sense for the university to make this arrangement before planning on future construction at the University Drive campus, according to A&M System Chancellor John Sharp.

In the 1970s, A&M and TC shared the Robison Rd. location. A&M, then East Texas State University, served upperclassman, and TC served those seeking an associate degree or certificate.

With the state’s approval of A&M accepting freshman and sophomore students, the university began construction of a new campus at Bringle Lake. The university moved most of its business to the University Dr. in July 2010, after it first building was completed. The buildings have sat empty since.

The college’s farm is near Redwater. The college has owned the property since the 1970s, and for years it served as a place for students to study farm animals and plants. However, in the last decade, it has not been used as it once was.

Read more at the Texarkana Gazette.

Texarkana Convention Center business booming 

(1/9/2013)

TEXARKANA, TEX. - Since the Texarkana Convention Center opened Oct. 5, 2011, business has been booming. The facility has brought 65 jobs and increased sales tax revenue.

“We have been very, very busy since opening the Hilton Garden Inn and Texarkana Convention Center,” said Jack Daugherty, principal of Daugherty Property Group.

The 24,500-sf space has served more than 90 groups since opening, with more than 10,000 attendees.

The more than 12,000-sf Grand Ballroom seats 1,000 people for a banquet or 1,200 for a reception. As a theater, the ballroom can seat 1,330 people.

The attached 98,086-sf Hilton Garden Inn has 154 rooms, a pool and restaurant. The entire project cost was $24 million and was funded through hotel taxes, according to previous stories.

Read more at the Texarkana Gazette.

New Boston biorefinery facility purchased by REG 

(11/26/2012)

NEW BOSTON, BOWIE COUNTY - Renewable Energy Group (REG) has acquired a 15 million gallon-per-year biorefinery at 280 Texas Ave. The company paid $300,000 in cash and issued 900,000 shares of its common stock to North Texas Bio Energy for the multi-feedstock biorefinery 22 miles west of Texarkana.

The purchase marks REG’s second Texas biodiesel production facility, following a 2008 acquisition of a Houston-area plant.

The New Boston facility began production in June 2008 and sat idle for four years.

The plant will undergo some construction and minor upgrades prior to the facility’s start-up, which is expected in first quarter 2013. REG expects to hire nearly 20 full-time, green-collar employees, providing family wage jobs and full benefits.

Other indirect jobs include truck drivers for the hundreds of inbound and outbound trucks that will channel through the plant each month.

Source: Renewable Energy Group

Read more at the Longview News-Journal.

Grant for military vehicle training in Texarkana 

(11/26/2012)

TEXARKANA, TEX. - Texarkana Community College received a $300,000 grant donation from the Horace C. Cabe Foundation to benefit the Texamericas Center.

The grant will be doled out in increments of $100,000 a year for the next three years. Located near the Red River Army Depot, the center is designed to educate and train both the workforce and students to work on various military vehicles.

Read more at KSLA.

Hospitality heads to Texarkana Convention Center 

(10/2/2012)

TEXARKANA, TEX. - The new Texarkana Convention Center is set to open October 8 at 4610 Cowhorn Creek Rd. Officials say the 25,000-sf facility has a 12,000-sf ballroom, two meeting rooms, and a patio and pavilion for outdoor events.

The attached 98,086-sf Hilton Garden Inn has 154 rooms, a pool and restaurant. The entire project cost was $24 million and was funded through hotel taxes.

The project is a partnership between the City of Texarkana, Texas and the Daugherty Property Group. See Texarkana building permits for more.

Across the state line, construction continues on the $18 million Texarkana Arkansas Convention Center and Holiday Inn Hotel at 5200 Convention Plaza Dr.

Read more at KTBS and the Texarkana Gazette. For more news about Texarkana MSA, see NewsTalk Texas.

Texarkana leads Texas in job growth 

(9/13/2012)

TEXARKANA - The Texarkana metropolitan statistical area (MSA) led Texas in job growth as a percentage from July 2011 to July 2012, according to the Real Estate Center at Texas A&M University. Texarkana experienced 7 percent employment growth during that time.

Other MSAs in the top five include Odessa at 6.8 percent, Corpus Christi at 4.3 percent, Midland at 3.8 percent and Tyler at 3.3 percent.

The bottom five of the 25 total MSAs include Killeen-Temple-Fort Hood at 0.0, Wichita Falls with -0.3, the Beaumont-Port Arthur with -0.6, Abilene with -0.8 and the Brownsville-Harlingen area with -3.6.

Overall, the state of Texas experienced 2.2 percent job growth.

Read more at the Texarkana Gazette.

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