MANSFIELD, TEXAS — Super Studios USA will open a film production and mixed-use campus in Mansfield, a southern suburb of Fort Worth, according to reports from multiple news outlets, including MSN and the Dallas Business Journal. Both publications report that the project is valued at roughly $750 million, with construction of a $50 million first phase set to begin in late summer or early fall. MSN also reports that the campus will ultimately span 75 acres and will feature residential, hospitality, retail and restaurant components in addition to film production space. Lastly, both MSN and the Fort Worth Star-Telegram report that the film production component will include four 18,000-square-foot sound stages with 42,000 square feet of attached offices with post-production and data center suites.
IRVING, TEXAS— A partnership between 3H Group Inc. and Dallas Lodging Associates LLC has received an undisclosed amount of financing for the renovation of the 337-roomRenaissance Dallas North Hotel in Irving. The 12-story hotel sits on a 7.5-acre site at 1590 Lyndon B Johnson Freeway in the Las Colinas district and includes 25 suites, as well as 22,670 square feet of meeting and event space and three onsite food-and-beverage options. Jillian Mariutti, Adrienne Andrews and Pierce Rutledge of JLL arranged the five-year, floating-rate loan through Western Alliance Bank on behalf of ownership.
HOUSTON — Local owner-operator MetroNational has purchased M-K-T Heights, a 218,000-square-foot office and retail development located just west of downtown Houston. Designed by Michael Hsu Office of Architecture and completed in 2020, M-K-T Heights is an adaptive reuse of several 1970s-era industrial buildings. Today, the property comprises more than 100,000 square feet of creative office space and 100,000 square feet of retail and restaurant space, as well as a pedestrian boardwalk. The seller and sales price were not disclosed. MetroNational acquired the property in a joint venture with Radom Capital and Triten Real Estate Partners, the property’s original developers.
IRVING, TEXAS — SCL ColdChain has signed a 56,925-square-foot in Irving. The provider of refrigerated transit services now occupies 104,846 square feet at the building at 9001 Sterling St. Todd Hubbard of NAI Robert Lynn represented the tenant in the lease negotiations. Canon Shoults and Maddy Coffman of Holt Lunsford Commercial represented the landlord, Brookfield.
FRESNO, TEXAS — Marcus & Millichap has brokered the sale of GuardBox Storage, a 650-unit self-storage facility in Fresno, a southern suburb of Houston. Built on 8.3 acres in 2005, GuardBox Storage comprises 129,493 net rentable square feet across 320 climate-controlled units, 231 non-climate-controlled units, 55 covered parking spaces, 43 uncovered parking spaces and one climatized office space. Dave Knobler, Mixson Staffel, Adam Schlosser and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based limited liability company, in the transaction. The group also procured the buyer, MyPlace Self Storage.
KEMAH, TEXAS — Newmark has arranged an undisclosed amount of bridge financing for a 360-unit apartment community in Kemah, about 35 miles southeast of Houston. The Kippford at Kemah Crossing was built in 2023 and offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, walk-in closets and individual washers and dryers. Amenities include a pool, fitness center and coworking spaces. David Schwarz of Newmark arranged the debt through Greystar on behalf of the owner, a partnership between Allen Harrison Co. and Carlyle.
DALLAS — A joint venture between Dallas-based Pillar Commercial and New York-based Ascent Real Estate Advisors has acquired Rambler Park, a 310,943-square-foot office building in North Dallas. The 14-story building is located within a medical district that is anchored by Texas Health Presbyterian Hospital and is home to multiple healthcare tenants. Brian Carlton and De’On Collins of JLL arranged an undisclosed amount of acquisition financing for the deal through First Bank. The seller was not disclosed.
HOUSTON — Gutor Electronics America has signed an approximately 90,000-square-foot industrial lease in northwest Houston. The U.S. affiliate of the Swiss provider of electrical components and power solutions is taking space at Houston Point 290, a three-building, 383,076-square-foot development. Robert Johnson IV and Charles Fertitta Jr. of Hughes Marino represented the tenant in the lease negotiations. The landlord, Creation, was self-represented. The deal brings Houston Point 290 to full occupancy.
By Connor Watson, senior vice president, Partners Real Estate For years, the investment narrative around medical office as an asset class has been simple: stable demand, recession-resistant tenants and steady growth driven by the shift to outpatient care. That narrative is still true, but it’s incomplete. What’s shaping the next phase of healthcare real estate isn’t just demand. It’s a growing imbalance on the supply side. And in markets like Texas, that imbalance is becoming even more pronounced. Demand Isn’t the Story Anymore As a trend in healthcare real estate, outpatient migration is well understood at this point. Procedures continue to take place outside of traditional hospitals and within lower-cost settings like medical office buildings and ambulatory surgery centers. In Texas, that demand is amplified due to the following reasons: These economic and demographic trends have resulted in consistent tenant demand, high occupancy across most major markets and strong rates of retention from healthcare providers. But demand alone doesn’t create outsized opportunities; constraints do. The Real Shift: Supply Is Slowing Down New medical office development has quietly pulled back over the past several years. Not because demand isn’t there, but because the economics have changed. That shift is especially visible …
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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