Texas

Knox-&-McKinney-Dallas

DALLAS — A joint venture that includes BDT & MSD Partners, Trammell Crow Co. and The Retail Connection has broken ground on Knox & McKinney, a 300,000-square-foot office and retail project in Uptown Dallas. Situated two blocks west of the joint venture’s larger, 1 million-square-foot mixed-use development, the 12-story building will consist of 280,000 square feet of office space and 20,000 square feet of retail and restaurant space. Amenities will include a fitness center, tenant lounge and private bar, multiple terraces and conference/boardroom facilities. Law firm Jones Day has preleased 76,000 square feet of space at Knox & McKinney as the future anchor tenant. Pickard Chilton Architects and HKS Architects are designing Knox & McKinney, and DPR Construction is serving as the general contractor. Trey Morsbach, Jim Curtin, Rex Cruz and Obi Eboh of JLL arranged an undisclosed amount of construction financing for the project through Goldman Sachs Alternatives. Completion is slated for 2028.

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Aura-Avant-Lewisville

LEWISVILLE, TEXAS — Newmark has brokered the sale of Aura Avant, a 300-unit apartment community located in the North Texas city of Lewisville. Completed in 2024, Aura Avant features one- and two-bedroom units and amenities such as a pool, fitness center, resident clubhouse, outdoor kitchen and lounge area, a business center, bocce ball court, rooftop terrace and a library. Brian O’Boyle Jr., Brian Murphy and Richard Furr of Newmark represented the seller, Trinsic Residential Group, in the transaction. The buyer was San Diego-based investment firm Cameron Brothers.

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FORT WORTH, TEXAS — Bradford Commercial Real Estate Services has negotiated the sale of a 20,298-square-foot IOS (industrial outdoor storage) facility in southeast Fort Worth. The site at 5251-5255 Wilbarger St. spans 1.3 acres and houses two vacant buildings that were originally constructed in 1962. Luke Clardy and Cade Navarro of Bradford represented the Virginia-based seller in the transaction.

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HOUSTON — Local developer Welcome Group has opened a new, 18,445-square-foot office headquarters in Uptown Houston. The space, which is located on the 12th floor of the roughly 275,000-square-foot building at 515 Post Oak Blvd., represents an expansion for Welcome Group. Parker Duffie and Joel Douthit of CBRE represented the undisclosed landlord in the lease negotiations. Welcome Group was self-represented.

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DENISON, TEXAS — Craig International will develop a 189-acre mixed-use project in the North Texas city of Denison. The Denison Development Alliance selected the locally based firm to lead development of the site at the intersection of U.S. Highway 75 and FM 84, which the municipal entity envisions as the “gateway” to Craig International’s $6 billion Preston Harbor master-planned community. Specific commercial and residential plans and uses for the site have not yet been announced. The project will move forward in phases, beginning with collaborative planning between Craig International and the City of Denison to refine the site plan, align on a long-term vision and recruit anchor users.

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LeftBank-Fort-Worth

FORT WORTH, TEXAS — JLL has provided an undisclosed amount of Fannie Mae acquisition financing for LeftBank, a 589-unit apartment community in Fort Worth. Built in 2018 and located just west of the downtown area, LeftBank offers studio, one-, two-, three- and four-bedroom units that are furnished with stainless steel appliances, granite and quartz countertops, in-unit washers and dryers and private patios/balconies. Amenities include a pool, fitness center, bowling lounge, shared workspaces and a dog park with a washing station. Leon McBroom, Rob Bova, Lauren Dow and Ellie Savage of JLL originated the five-year, fixed-rate loan on behalf of the owner, Bow River Capital.

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Red-Oaks-Austin

AUSTIN, TEXAS — Miami-based Housing Trust Group (HTG) has completed Red Oaks, a $26 million affordable housing community in northwest Austin. Red Oaks features 70 units that are reserved for households earning up to 30, 50 and 60 percent of the local area median income. Amenities include a pool, fitness center, playground, outdoor grilling areas, a dog park, clubroom and package lockers. HTG partnered with nonprofit group AM Affordable Housing and locally based consulting firm Thoman & Butler on the project. Bank of America provided a $15.6 million construction loan for the project, and the capital stack also included $16 million in Low-Income Housing Tax Credits that were allocated by the Texas Department of Housing and Community Affairs and syndicated through Raymond James.

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DALLAS — Taylor Communications Inc. has signed a 241,931-square-foot industrial lease renewal in South Dallas. The provider of commercial printing and branding services will remain a tenant at Stoneridge 9, a building located at 8700 Autobahn Drive that according to LoopNet Inc. was completed in 1999 and totals 372,610 square feet. Scott Gredler of Cushman & Wakefield represented the tenant in the lease negotiations. John Gorman and Canon Shoults of Holt Lunsford Commercial represented the landlord, TA Realty.

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ATLANTA — Atlanta-based investment and development firm MDH Partners has received $195.9 million in financing for a portfolio of seven industrial buildings totaling approximately 1.6 million square feet, three of which are located in the northern Dallas metro of Carrollton. The other four buildings are located in Salt Lake City, Chino, Calif. and Murfreesboro, Tenn. Capital One provided the financing. The portfolio was 91 percent leased at the time of sale.

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Stone-Ridge-Apartments-Greenville-Texas

GREENVILLE, TEXAS — Pardue Cos., a Texas-based multifamily investment firm, has sold a portfolio of three multifamily properties totaling 428 units in Greenville, about 50 miles northeast of Dallas. The Ridge Apartments is a 112-unit complex that was built in 1985. Highland Terrace totals 172 units and was completed in 1978. Stone Ridge Apartments is a 144-unit property that was constructed between 1968 and 1983. All three are two-story, garden-style properties with pools and onsite laundry facilities. Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello and Jack Windham of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Pardue Cos. in the transaction. The buyer and sales price were not disclosed.

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