QUEEN CREEK, ARIZ. — Creation, in partnership with Horizon Real Estate Ltd., has broken ground on The Switchyard, a $120 million mixed-use project in Queen Creek, about 40 miles southeast of Phoenix. The 10-acre project will feature 54,000 square feet of restaurant, retail and office space, as well as a 215-unit apartment community. The development’s restaurant lineup will feature Postino, a restaurant and wine café; Snooze, an A.M. Eatery, a breakfast and brunch restaurant founded in Denver; and Shake Shack, a modern burger chain. Creation states that lease negotiations are currently underway for most of the remaining spaces. The Switchyard will open in phases, with the first phase slated to deliver in mid-2026. Dallas-based GFF Design is the project’s architect, and LGE Design Build will lead the construction. “The Switchyard represents Queen Creek’s first true walkable, mixed-use development, marking a milestone in the town’s continued growth and evolution,” remarked David Sellers, co-founder of Creation. “With construction now underway, we’re eager to see this place come to life, seamlessly blending retail, dining, office spaces, apartments and a vibrant outdoor environment.” As part of the groundbreaking event for The Switchyard, the development team donated $25,000 to Ryan House, a nonprofit organization that …
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FORT WORTH, TEXAS — A partnership between Texas Christian University (TCU) and Austin-based Endeavor Real Estate Group has broken ground on Morado on Berry, a mixed-use development on the university’s campus in Fort Worth. The development will include two student housing communities with apartments for upper-level students at 2900 W. Berry St. and 3024 Cockrell Ave. on the southern edge of TCU’s campus. The properties will also feature 25,000 square feet of ground-floor retail space upon completion, which is expected ahead of the 2027-2028 academic year. The communities’ 780 beds will be offered in studio, two-, three-, four- and five-bedroom units with bed-to-bath parity. Shared amenities are set to include a fitness center and Pilates studio; rooftop pool and deck with a Jumbotron and adjacent social lounge with billiards; group and private study rooms; an outdoor living room with cooking facilities; and a large courtyard. The development team for the project includes a real estate fund advised by Crow Holdings Capital, Robert A.M. Stern Architects, Lake|Flato, The Beck Group, JLL, OHT Partners and Kimley-Horn. American Campus Communities has been tapped to provide marketing, leasing and property management services for Morado on Berry.
BAYTOWN, TEXAS — Partners Real Estate has negotiated a 496,421-square-foot industrial lease in the eastern Houston suburb of Baytown. An unnamed tenant will occupy the entirety of TGS Cedar Port DC2, a rail-served distribution center located within the 15,000-acre TGS Cedar Port Industrial Park master-planned development. The building is situated on 27 acres and features 36-foot clear heights, LED warehouse lighting, an ESFR sprinkler system, oversized truck court and ample car and trailer parking. John Simons, Gray Gilbert and Chris Haro of Partners represented the landlord, TGS Cedar Port Partners LP, in the lease negotiations.
PROVIDENCE VILLAGE, TEXAS — Locally based firm ONM Living will develop Cottages at Providence Village, a 188-unit build-to-rent community that will be located on a 14-acre site within a master-planned community of the same name in Denton County. The development will offer studio, one-, two- and three-bedroom homes that will range in size from approximately 350 to 1,400 square feet. Homes will feature fenced yards, covered front porches, granite countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities will include a fitness center, pool, pickleball and other sports courts, dog park and walking trails. Leasing is scheduled to begin late next year.
CORPUS CHRISTI, TEXAS — Self-storage brokerage firm Versal has arranged the sale of Overflow Garage, a 204-unit automotive storage facility in Corpus Christi. The facility is located about 15 miles south of the downtown area and totals 16,880 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Plano-based Cumbia Real Estate Holding LLC, in the transaction. The team also procured the undisclosed, Corpus Christi-based buyer.
DALLAS — Lee & Associates has brokered the sale of a two-building, 50,000-square-foot industrial property in northeast Dallas. According to LoopNet Inc., the buildings at 11550 Plano Road were originally built in 1979. Building features include rear-load configurations, multiple renovated office suites, 16-foot clear heights and 108 surface parking spaces. Taylor Stell of Lee & Associates represented the undisclosed seller in the transaction and procured the buyer, RAM Capital Texas.
CHANDLER, ARIZ. — New York-based TGM has purchased Ocotillo Bay, an apartment property in Glendale, from an undisclosed national fund manager for $90.5 million. The transaction marks TGM’s entry into the Phoenix market. TGM Communities will manage the community, which has been renamed as TGM Ocotillo Bay. Built in 1997, the 296-unit property features two pool areas with cabanas and barbecues; an outdoor lounge area with a bocce ball court, fireplace, barbecue and covered seating area; a resident clubhouse with business center and TV seating area; and a fitness center with weight training and cardio equipment, as well as a separate yoga/spin room. Asher Gunter, Matt Pesch, Sean Cunningham and Austin Groen of CBRE represented the seller in the deal.
Wespac Construction Completes 445,000 SF First Phase of Industrial Park in Glendale, Arizona
by Amy Works
GLENDALE, ARIZ. — Wespac Construction has completed Marbella Northern Parkway Phase 1, a LEED-certified industrial development in Glendale. Developed by Panattoni Development Co. and designed by Ware Malcomb, the master-planned industrial park will offer six buildings spread across 51 acres. The first phase includes three tilt-panel buildings totaling 445,000 square feet. Each building features two storefront entrances and a north-facing speculative suite, as well as docking sides with automatic ramp-up doors, dock doors with mechanical levelers and designated semi-truck parking.
SEATTLE — LPC West, in partnership with Perkins & Will as architect and designer and GLY as general contractor, has completed Gateway Building, a 13-story, transit-oriented office property in Seattle. The 266,000-square-foot building is situated atop the U District light rail station and two blocks from the University of Washington’s Seattle campus. The University of Washington’s administration departments occupies floors two through seven, spanning 135,000 square feet, with the remaining floors dedicated to other tenants. Gateway Building features 3,000 square feet of ground-floor retail space, a two-story lobby, second-floor conference center, bike storage and shower rooms, as well as outdoor spaces, including a rooftop terrace, green roof with a 60 kW photovoltaic array and a public pocket park at the corner of Brooklyn Avenue NE and NE 43rd Street.
Storm Properties Buys Industrial Outdoor Storage Property in Santa Ana, California for $5.9M
by Amy Works
SANTA ANA, CALIF. — Storm Properties, a subsidiary of Torrance, Calif.-based Storm Industries, has acquired an industrial outdoor storage (IOS) property in Santa Ana from an undisclosed seller for $5.9 million. Located at 4320 W. 1st St. and 201 S. Mountain View St., the 2.5-acre site features an 11,300-square-foot industrial building and a large and fully fenced concrete yard. The building offers 800 amps of 120/208 volt power, ground-level loading, 16-foot ceiling clearance, as well as infrastructure for food-related operations, such as a walk-in closet and freezer and two commercial ice-making towers. Storm Properties has retained Scott Read of Newmark to market the currently vacant facility for lease.