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Adora-on-Rosehill-Tomball
DevelopmentMultifamilyTexas

McGrath Real Estate Completes 336-Unit Multifamily Project in Metro Houston

by Taylor Williams

TOMBALL, TEXAS — Locally based developer McGrath Real Estate Partners has completed Adora on Rosehill, a 336-unit multifamily project located in the northeastern Houston suburb of Tomball. The site spans 15.4 acres, and the building houses one-, two- and three-bedroom units that range in size from 599 to 1,393 square feet. Residences are furnished with stainless steel appliances, granite countertops, custom cabinetry and individual washers and dryers. Amenities include a pool, business center, clubhouse, pickleball courts, outdoor lounge area and a dog park. Rents start at $1,350 per month for a one-bedroom apartment.

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12821-Titanium-St.-Austin
DevelopmentIndustrialTexas

Logistics Property Co. to Develop 408,000 SF Industrial Project in Northeast Austin

by Taylor Williams

AUSTIN, TEXAS — Chicago-based Logistics Property Co. will develop a two-building, 408,000-square-foot industrial project at 12821 Titanium St. in northeast Austin. The site is roughly one mile from State Highway 130 and 15 miles from the downtown area. The development will consist of a 175,000-square-foot rear-load building and a 233,000-square-foot cross-dock building. Construction is slated to begin in the second quarter and to last about a year. Locally based brokerage firm AQUILA Commercial will market the property for lease.

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DevelopmentLoansMixed-UseTexas

Jefferson Bank Provides $20M Construction Loan for Metro Austin Mixed-Use Project

by Taylor Williams

GEORGETOWN, TEXAS — San Antonio-based Jefferson Bank has provided a $20 million construction loan for Phase I of The Preserve, a mixed-use project in the northern Austin suburb of Georgetown. Phase I will feature two industrial flex buildings, two retail buildings and one office building totaling 50,700 square feet across the five structures. The borrower, locally based developer OM Properties, expects for construction of Phase I to last 18 to 24 months. Other project partners include Mode Design Co. (architect), NAVCON Group (general contractor) and 2P Consultants (civil engineer).

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AcquisitionsIndustrialTexas

Younger Partners Arranges Sale of 10-Acre Industrial Development Site Near DFW Airport

by Taylor Williams

EULESS, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of a 10-acre industrial development site located near Dallas-Fort Worth International Airport in Euless. An entity doing business as Clubwise Finance LP sold the property at 3300 FM 157 to locally based firm Windhaven Investments LLC for an undisclosed price. John St. Clair and Luke Nolan of Younger Partners brokered the deal.

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Leasing ActivityOfficeTexas

FUSE Workspace to Open 33,000 SF Coworking Space in East Austin

by Taylor Williams

AUSTIN, TEXAS — FUSE Workspace, a Texas-based provider of flexible workspace solutions, will open a 33,000-square-foot space at 2105 E. MLK Boulevard in East Austin. The space, which will be the company’s fourth in Austin, will offer an array of private offices, dedicated individual desks, enterprise suites and meeting rooms. CB Capital owns the building. The opening is slated for September.

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The-Moran-CITYCENTRE-Houston
DevelopmentHospitalityTexas

Midway Underway on Renovation of 244-Room Hotel at CITYCENTRE in West Houston

by Taylor Williams

HOUSTON — Locally based developer Midway is underway on renovations of a 244-room hotel located within its CITYCENTRE mixed-use development in West Houston. The Moran CITYCENTRE was originally built in 2009. The renovation will deliver updated furnishings, premium bedding, contemporary lighting fixtures and technology enhancements to all rooms. In addition, the lobby, meeting and event spaces and amenity areas, including the fitness center and onsite bar, will all be upgraded. Work began at the beginning of the year and is expected to be complete this summer.

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Edged-Energy-Irving
Data CentersDevelopmentIndustrialTexas

Edged Energy Underway on 168,000 SF Data Center in Irving

by Taylor Williams

IRVING, TEXAS — An affiliate of Edged Energy, a global data center developer and operator whose U.S. headquarters are based in Connecticut, is underway on construction of a 168,000-square-foot facility at 505 N. Wildwood Drive in Irving. The data center will have a critical power capacity of 24 megawatts. Construction is scheduled for a fall completion. The facility is one of about a dozen in Edged Energy’s development pipeline across Europe and North America.

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Oaks-at-Covell-Edmond-Oklahoma
DevelopmentLoansMultifamilyTexas

IPA Arranges $13.1M in Equity Financing for Multifamily Project in Edmond, Oklahoma

by Taylor Williams

EDMOND, OKLA. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged $13.1 million in joint venture equity financing for a multifamily project in Edmond, located just north of Oklahoma City. Oaks at Covell will comprise 102 townhomes in two-, three- and four-bedroom floor plans that will be located along I-35. Justin Shuart and Travis Headapohl of IPA worked on behalf of ACRE Development Partners to arrange the financing with an undisclosed partner.

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AcquisitionsRetailTexas

Cravey Real Estate Negotiates Sale of 50,800 SF Shopping Center in Portland, Texas

by Taylor Williams

PORTLAND, TEXAS — Locally based brokerage firm Cravey Real Estate Services has negotiated the sale of Esplanade at Northshore, a 50,800-square-foot shopping center in Portland, located just outside of Corpus Christi. The two-building center was constructed on 7.7 acres in 2011, with the undisclosed buyer acquiring the 37,800-square-foot Building A and the 13,000-square-foot Building B in December 2023 and March 2024, respectively. Lynann Pinkham of Cravey Real Estate Services represented the seller in the transaction.

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Leasing ActivityOfficeTexas

Perkins&Will Opens New Studio in San Antonio’s Pearl District

by Taylor Williams

SAN ANTONIO — Architecture firm Perkins&Will has opened a new studio in San Antonio’s Pearl District. The space, the square footage of which was not disclosed, is situated within The Lab Building, which is located at 303 Pearl Parkway and was originally constructed in 2012. Christi Griggs of CBRE represented the undisclosed landlord in the lease negotiations. Jeff Miller of JLL represented Perkins&Will.

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