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8300-Douglas-Dallas
DevelopmentMixed-UseTexas

JLL Arranges Construction Debt, Joint Venture Equity for Dallas Mixed-Use Project

by Taylor Williams

DALLAS — JLL has arranged undisclosed amounts of construction debt and joint venture equity for 8300 Douglas, a mixed-use project that will be located in the Preston Center submarket of Dallas. Designed by HKS Architects, 8300 Douglas will consist of a 12-story, 300,000-square-foot office building that will be the future regional headquarters of Fifth Third Bank; a 17-story, 147-unit apartment building; 24,000 square feet of retail and restaurant space; and a 35,000-square-foot rooftop park. RAMROCK Real Estate is leading development of 8300 Douglas in partnership with Lincoln Property Co. and Willow Bridge Property Co. Mark Gibson, Jim Curtin, John Rose, Clint Coe, Ryan Pollack and Campbell Swango of JLL structured both components of the capitalization.

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DevelopmentIndustrialTexas

Urban Logistics Realty to Develop Two Industrial Projects Totaling 341,000 SF in North Houston

by Taylor Williams

HOUSTON — Urban Logistics Realty will develop two industrial projects totaling 341,000 square feet in North Houston. Urban NXS Fallbrook will be a 182,400-square-foot, cross-dock industrial building, and Urban NXS West will be a 158,600-square-foot, front-load building. Urban Logistics Realty is developing both projects in a joint venture with Principal Asset Management. First United Bank & Trust is financing construction, which is slated to begin before the end of the summer and to be complete in the second quarter of 2027.

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AcquisitionsIndustrialTexas

Realterm Buys 40-Acre Industrial Outdoor Storage Facility in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — Realterm, a global investment manager focused on transit-oriented properties, has purchased a 40-acre industrial outdoor storage (IOS) facility in the South Texas city of Laredo. The facility at 14610 Mines Road features 25.3 concrete-paved acres that house a 22,250-square-foot check-in station, a 6,800-square-foot office and a 3,000-square-foot wash bay. This portion of the facility was leased to transit firm Heartland Express at the time of sale. The seller and sales price were not disclosed.

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DevelopmentHealthcareTexas

Hoar Construction Breaks Ground on 32,000 SF Medical Office Building in East Austin

by Taylor Williams

AUSTIN, TEXAS — Alabama-based general contractor Hoar Construction has broken ground on Colony Park Health & Wellness Center, a 32,000-square-foot medical office building in East Austin. Designed by HKS Architects, the four-story building will house the utilities and mechanical equipment on the first floor, a pharmacy, lab and kitchen on the second floor, patient care rooms on the third floor and a dental office on the fourth floor. Central Health is the owner. Construction is slated for a summer 2027 completion.  

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Tobin-Estates-San-Antonio
DevelopmentMultifamilyTexas

Rosewood Begins Leasing 359-Unit Multifamily Project in San Antonio

by Taylor Williams

SAN ANTONIO — Dallas-based Rosewood Property Co. has begun leasing a 359-unit multifamily project in the Alamo Heights area of San Antonio that represents Phase III of a larger development known as Tobin Estates. In addition to the 265 apartments that will be housed in four-story wraparound buildings, Phase III features 94 units with private garages within two four-story buildings. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, indoor and outdoor fitness centers, resident lounge and a rooftop deck. Project partners included Provident General Contractors, WDG Architecture, civil engineer Westwood and construction lender InterBank. Construction began in May 2024. Information on starting rents was not disclosed.

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DevelopmentIndustrialTexas

HLCI Completes 254,186 SF Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Holt Lunsford Commercial Investments (HLCI) has completed Par 1960, a two-building, 254,186-square-foot industrial project in northwest Houston. Building 1 spans 204,375 square feet and features 32-foot clear heights and a front-load configuration. Building 2 totals 49,811 square feet and features 28-foot clear heights and a rear-load configuration. Cushman & Wakefield is the leasing agent for the buildings. Construction began in late 2024.

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IndustrialLeasing ActivityTexas

Cooler Master Corp. Signs 97,285 SF Industrial Lease in West Houston

by Taylor Williams

HOUSTON — Cooler Master Corp. has signed a 97,285-square-foot industrial lease in West Houston. The deal is for the entirety of Building 2 within Grand West Crossing, a development that is ultimately planned to feature six buildings, two of which are now complete and two of which are under construction. Richard Quarles, Jarret Venghaus, Geoff Perrott and Eliza Klein of JLL represented the landlord, Mississippi-based EastGroup Properties, in the lease negotiations. The tenant representative was not disclosed.

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AcquisitionsIndustrialTexas

Partners Brokers Sale-Leaseback of 55,700 SF Industrial Building in New Caney, Texas

by Taylor Williams

NEW CANEY, TEXAS — Partners Real Estate has brokered the sale-leaseback of a 55,700-square-foot industrial building in New Caney, a northeastern suburb of Houston. According to LoopNet Inc., the building at 18913 Phillip Way was constructed in 2020 and features 30-foot clear heights. Griff Brandy, Ryan Osborn, Wyatt Huff and Hunter Stockard of Partners represented the seller and tenant, New Caney Beverage, in the transaction. The buyer and sales price were not disclosed.

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AcquisitionsIndustrialTexas

Provident Industrial Buys 1.5 MSF Industrial Park in Hutchins, Texas

by Taylor Williams

HUTCHINS, TEXAS — Provident Industrial, a division of Dallas-based investment firm Provident, has purchased Commerce 45, a two-building, 1.5 million-square-foot industrial park in Hutchins, a southeastern suburb of Dallas. The park was constructed on 81 acres in 2015, and the buildings feature 32-foot clear heights, 185-foot truck court depths and parking for 102 cars and 290 trailers. The seller and sales price were not disclosed, but Commerce 45 is listed on the website of New York-based Brookfield Properties.

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Allura-Las-Colinas-Irving
AcquisitionsLoansMultifamilyTexas

JLL Arranges $40.9M Acquisition Loan for Irving Apartment Complex

by Taylor Williams

IRVING, TEXAS — JLL has arranged a $40.9 million acquisition loan for Allura Las Colinas, a 288-unit apartment complex in Irving. Built in 2003, the property features one-, two- and three-bedroom units and amenities such as a pool, fitness center, clubhouse, dog park and outdoor grilling and dining stations. Aldon Cole, Tony Nargi, Jacob Martin and Caden Cramer of JLL arranged the nonrecourse, fixed-rate loan through an undisclosed life insurance company on behalf of the borrower, Brixton Capital. Greg Toro and Caroline Novak, also with JLL, represented the undisclosed seller in the sale of the property.

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