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Infinity-on-the-Point-Dallas
AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers Sale of 249-Unit Apartment Complex in North Dallas

by Taylor Williams

DALLAS — Marcus & Millichap has brokered the sale of Infinity on the Point, a 249-unit apartment complex in North Dallas. According to Apartments.com, the property offers one- and two-bedroom units. Amenities at the three-story, garden-style property include a pool, sundeck, grilling stations, dog park, fitness center, package lockers and covered parking. Wes Racht, Nick Fluellen and Bard Hoover of Marcus & Millichap, along with Drew Kile, Taylor Hill, Joey Tumminell, Michael Ware and William Hubbard of Marcus & Millichap’s Institutional Property Advisors (IPA) division, represented the seller, a California-based investment company, in the transaction. The team also procured the buyer, Reap Capital, which plans to rebrand the property as The Creekside at Vantage.

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8020-Park-Lane-Dallas
AcquisitionsOfficeTexas

Newmark Arranges Sale of 120,923 SF Office Building in North Dallas

by Taylor Williams

DALLAS — Newmark has arranged the sale of 8020 Park Lane, a 120,923-square-foot office building located within The Shops at Park Lane mixed-use district in North Dallas. Built in 2015, the five-story building was fully leased at the time of sale to Energy Transfer LP. Chris Murphy, Gary Carr, Robert Hill and Austin Sheahan of Newmark represented the seller, Northwood Investors, in the transaction. Andrew Porteous, Clint Frease, Chris McColpin and Josh Francis, also with Newmark, arranged acquisition financing on behalf of the buyer, DFW Land.

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IndustrialLeasing ActivityTexas

Holt Lunsford Negotiates 20,258 SF Industrial Lease Renewal in Northeast Dallas

by Taylor Williams

DALLAS — Local brokerage firm Holt Lunsford Commercial has negotiated a 20,258-square-foot industrial lease renewal in northeast Dallas. The tenant is Nevitt Fragrances Inc., and the space is located within the building at 10480 Markison Road, which according to LoopNet Inc. was built in 1987 and totals 49,107 square feet. Josh Barnes, Blake Troiani and Danny Phillips of Holt Lunsford represented the landlord, ATCAP Partners, in the lease negotiations. Adam Jones of Stream Realty Partners represented the tenant.

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IndustrialLeasing ActivityTexas

ATLIX Signs 17,180 SF Industrial Lease in Southlake, Texas

by Taylor Williams

SOUTHLAKE, TEXAS — ATLIX, a supplier of industrial metal 3D printers, has signed a 17,180-square-foot industrial lease in Southlake, located northeast of Fort Worth. The space is located within the building at 1825 Mustang Court and includes 4,300 square feet of office space. Shane Benner of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Keaton Brice, Andrew Gilbert and Maddy Coffman of Holt Lunsford Commercial represented the landlord, Brookfield Properties.

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Reserve-at-Spring-Creek-Richardson
AcquisitionsMultifamilyTexas

MG Properties Buys 458-Unit Apartment Community in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — MG Properties has purchased Reserve at Spring Creek, a 458-unit apartment community located in the northeastern Dallas suburb of Richardson. Built on 17 acres in 2019, the property offers one-, two- and three-bedroom units with an average size of 921 square feet and amenities such as a pool, fitness center, outdoor grilling and dining stations, coworking lounge, coffee bar and a social lounge. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill and Jack Windham of Institutional Property Advisors (IPA) a division of Marcus & Millichap, represented the seller, , an affiliate of Lone Star Funds, in the transaction. Cameron Chalfant, Brian Eisendrath, Harry Krieger and Scott Arenzon, also with IPA, arranged an undisclosed amount of agency acquisition financing for the deal.

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AcquisitionsIndustrialTexas

Realterm Acquires 24-Acre Industrial Outdoor Storage Facility in Hutchins, Texas

by Taylor Williams

HUTCHINS, TEXAS — Realterm, an independent global investment manager focused on the transportation industry, has acquired a 24-acre industrial outdoor storage (IOS) facility in Hutchins, a southeastern suburb of Dallas. The facility at 1096 S. I-45 Service Road houses three buildings: a 24,200-square-foot maintenance facility, a 12,000-square-foot, grade-level warehouse and maintenance facility and a 7,600-square-foot office building. The buildings feature 23 drive-in doors, nine drive-through maintenance bays and one wash bay. The seller and sales price were not disclosed.

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AcquisitionsIndustrialLee & AssociatesTexas

Lee & Associates Arranges Sale of 113,904 SF Industrial Building in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — Lee & Associates has negotiated the sale of a 113,904-square-foot industrial building in the northern Dallas suburb of Lewisville. Andes Coil Processes occupies the building at 202 S. Railroad St., which according to LoopNet Inc. was constructed in 1983 and features 35-foot clear heights. Tomas Wilson and Alex Wilson of Lee & Associates represented the buyer, Bleecker Partners, in the transaction. Todd Hubbard of NAI Robert Lynn represented the undisclosed seller.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 24,500 SF Industrial Building in Stafford, Texas

by Taylor Williams

STAFFORD, TEXAS — Colliers has brokered the sale of an industrial building located at 13715 N. Promenade Blvd.in Stafford, a southwestern suburb of Houston. According to LoopNet Inc., the building, which totals 24,500 square feet, was originally constructed in 2006 and renovated in 2023. Jason Tangen of Colliers represented the undisclosed seller in the transaction.

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DevelopmentIndustrialTexasTop Stories

Toyota Plans $3.6B Expansion at San Antonio Manufacturing Campus

by Kristin Harlow

SAN ANTONIO — Toyota Motor North America (TMNA) has unveiled plans to invest $3.6 billion to expand the Toyota Texas manufacturing campus in San Antonio with a second vehicle assembly line to support production of the Tacoma truck. The expansion will create 2,000 new jobs and add 2.5 million square feet to Toyota Texas, doubling its size by 2030. TMNA will transition Tacoma production from Toyota Motor Manufacturing Baja California, located in Mexico, to the expanded Toyota Texas plant over an approximate four-year period. Toyota Texas currently includes a vehicle assembly line and new rear axle plant that is nearing startup. “The 2,000 acres of South Texas ranchland our plant stands on today was purposefully selected for its ability to scale with vehicle demand, and today marks the first step toward realizing that potential,” says Frank Voss, TMNA group vice president of truck manufacturing and president of Toyota Texas. This expansion brings Toyota’s total investment in San Antonio to $8.3 billion since breaking ground in 2003. Toyota’s local workforce will climb to approximately 6,000 team members, supported by 23 onsite suppliers and their employees.  For nearly 20 years, Toyota Texas has rolled out trucks and SUVs, assembling more than 197,000 …

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Sanara-Austin
Affordable HousingDevelopmentMultifamilyTexas

NRP Group Breaks Ground on 348-Unit Affordable Housing Project in South Austin

by Taylor Williams

AUSTIN, TEXAS — The NRP Group, a Cleveland-based multifamily owner-operator, has broken ground on Sanara, a 348-unit affordable housing project in South Austin. Developed in partnership with the Housing Authority of Travis County, Sanara will consist of 13 three-story residential buildings across a 56-acre site. Units will come in one-, two- and three-bedroom floor plans and will be rent restricted to renters earning 60 percent or less of the area median income. Amenities will include a fitness center, business center with coworking space, clubhouse with a lounge and community kitchen, outdoor pool with lounge seating, a children’s activity center and an onsite playground. Residents will also have access to services such as afterschool care, financial literacy courses, ESL (English as a second language) classes and first-time homebuyer programs. MetLife Investment Management is the tax credit investor on the project. PIMCO provided construction and permanent financing that Berkadia arranged. The first units at Sanara are expected to be available for occupancy next spring.

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