FORT WORTH, TEXAS — Holt Lunsford Commercial Investments (HLCI) has broken ground on Carter Crossing, an approximately 1 million-square-foot industrial project that will be located at 6901 Wichita St. in South Fort Worth. The development will consist of three buildings that will total 142,737, 162,862 and 704,966 square feet. Comerica Bank is financing construction of Carter Crossing, which is expected to be complete in August 2026. Holt Lunsford Commercial is the leasing agent.
BURLESON, Texas — Sagora Senior Living has purchased Wilshire Senior Living, a 100-unit community located in Burleson, approximately 15 miles south of Fort Worth. Situated on 25 acres, the property features four-story buildings with independent living apartments, as well as cottages with attached garages. The community, which opened in 2021, also features assisted living and memory care units. Amenities include a theater room, billiards area and a full-service salon. The seller and sales price were not disclosed.
THE WOODLANDS, TEXAS — Fort Worth-based owner-operator Trademark has welcomed seven new tenants to Market Street — The Woodlands, a mixed-use development located about 30 miles north of Houston. Jewelers David Yurman and gorjana, as well as women’s apparel brand Draper James, children’s clothing retailer Pink Chicken, Love Shack Fancy and Local Public Eatery, all opened their doors this fall. Fragrances provider Le Labo is set to open early next year.
TULSA, OKLA. — TruCore Industrial, an Oklahoma-based investment firm founded by executives of net-lease brokerage group Stan Johnson Co., has acquired two facilities totaling roughly 58,000 square feet in Tulsa. The facilities at 6566 E. Skelly Drive and 4620 S. Memorial Drive sit on a combined 4.6 acres and were both fully leased at the time of sale to sign maker Fellers Inc. Phillip Butts, Ken Hedrick and Andrew Ragsdale of Colliers brokered the sale. The seller and sales price were not disclosed.
THE WOODLANDS, TEXAS — Ivybrook Academy will open a daycare and preschool facility in The Woodlands, about 30 miles north of Houston. The space, the square footage of which was not disclosed, will feature classrooms, outdoor learning spaces and interactive amenities. Diana Gaines of SVN | J. Beard Real Estate represented the landlord, Celebration Church, in the lease negotiations. Loch Cook and Crystal Allen of Transwestern represented the tenant.
By Taylor Williams Technological innovation has long been a cornerstone of managing and leasing multifamily properties, and that feature of the business has only been augmented in the era of artificial intelligence (AI). But for all the operational conveniences and efficiencies that AI potentially brings to the table, multifamily management has not yet reached the point of phasing out the human element. Almost immediately after the members of the leasing and management panel at the annual InterFace Multifamily Texas conference had introduced themselves, this fundamental premise of multifamily management was put forth to a crowd of several hundred real estate professionals — men and women who have built careers based on human relationships. The message to those at the conference, which took place in late September at the Westin Galleria Hotel in Dallas, seemed to be one of reassurance, that even as AI seemingly infiltrates every aspect of human life and threatens to void millions of jobs, the human principles that have long governed real estate transactions remain intact. At least for now. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific …
HOUSTON — JLL has arranged a loan for the refinancing of a 4411 San Felipe, a 94,825-square-foot office building located in the River Oaks neighborhood of West Houston. Park House Houston, a private social club, anchors the seven-story building, which was built in 2021 and was fully leased at the time of the loan closing. John Ream and Cassie McIntosh of JLL originated the three-year, floating-rate loan, which has an initial financing of $33 million with additional future funding available, through Tannenbaum Capital Group. The borrower was an entity doing business as PH 4411 Houston RE Holdings.
HUTCHINS, TEXAS — Lineage Inc. (NASDAQ: LINE), a Michigan-based REIT focused on temperature-controlled warehouses, has broken ground on a cold storage facility in Hutchins, located south of Dallas. The square footage was not disclosed. The site is located within Prime Pointe Park, a 3,000-acre, rail-served master-planned development. The facility, which will feature a range of automated operations, including Lineage’s proprietary LinOS warehouse execution system, is expected to be operational in 2027.
FORT WORTH, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 31-acre multifamily development site in Fort Worth. The site is located at the northeast corner of Beach and East 1st streets on the city’s east side. The seller was not disclosed. The buyer, Phoenix-based developer NexMetro, plans to develop a 315-unit build-to-rent residential project on the site that will feature detached cottage-style homes arranged around landscaped courtyards, walking paths and open green spaces.
ADDISON, TEXAS — Avison Young has brokered the sale of Midway Office Park, a 53,673-square-foot office building located in the northern Dallas metro of Addison. Built on 2.7 acres in 1977 and renovated in 1998, the building was roughly 40 percent leased at the time of sale. Bruce Butler, Susan Gwin Burks and John Bowles of Avison Young represented the seller in the transaction. Taylor Stell of Lee & Associates represented the buyer, Urban Infraconstruction, which also plans to occupy a portion of the building.
