Thursday, May 21, 2026
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Leasing ActivityOfficeTexas

Cushman & Wakefield Negotiates 226,287 SF Office Lease Renewal in Houston’s Energy Corridor

by Taylor Williams

HOUSTON — Cushman & Wakefield has negotiated a 226,287-square-foot office lease renewal in Houston’s Energy Corridor area for global engineering firm Wood Group USA. The tenant will continue to occupy the entirety of Westgate III, a four-story building that was originally constructed in 2014 and is located within the 550-acre Park Ten Business Center. Kevin Snodgrass, Trey Strake and Megan Madorsky of Cushman & Wakefield represented Wood Group USA in the lease negotiations. Chip Colvill, also with Cushman & Wakefield, along with Cameron Colvill of Whitebox Real Estate, represented the landlord, Griffin Partners.

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AcquisitionsMultifamilyTexas

JLL Arranges Sale of 124-Unit Independence Crossing Apartments in Plano

by Taylor Williams

PLANO, TEXAS — JLL has arranged the sale of Independence Crossing, a 124-unit apartment complex located north of Dallas in Plano. Built in 1999, Independence Crossing offers one- and two-bedroom units with an average size of 942 square feet. Amenities include a pool, fitness center, business center, clubhouse and a dog park. Rob Key, Roberto Casas, Greg Toro and David Austin of JLL represented the undisclosed seller in the transaction. Los Angeles-based investment firm Langdon Street Capital acquired the asset for an undisclosed price.

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Affordable HousingLoansMultifamilyTexas

Pembrook Provides $12.2M Loan for Recapitalization, Renovation of Irving Apartment Complex

by Taylor Williams

IRVING, TEXAS — New York City-based bridge lender Pembrook Capital Management has provided a $12.2 million loan for the recapitalization and renovation of The Braxton Apartments, a 125-unit complex in Irving. The unit mix comprises 51 studios, 57 one-bedroom apartments and 17 two-bedroom residences. Approximately half of the units are reserved for renters earning between 30 to 80 percent of the area median income. The borrower was not disclosed.

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DevelopmentIllinoisMidwestMixed-Use

Unibail-Rodamco-Westfield Underway on Redevelopment of Westfield Old Orchard Mall in Skokie, Illinois

by Kristin Harlow

SKOKIE, ILL. — Unibail-Rodamco-Westfield is underway on the redevelopment of the Westfield Old Orchard shopping mall in Skokie. Plans call for retail, apartments, restaurants, gourmet markets, health and wellness amenities and entertainment space. The project will also include a park and event space designed as the center’s focal point and social gathering space. The multi-phase project began earlier this fall with the modernization of the existing shopping center, starting with enhancements to the common areas as well as the opening of new restaurants, health and wellness components and retailers such as Bloomies and Louis Vuitton as well as the return of Barnes & Noble. Redevelopment will continue in 2023 with the former Lord & Taylor space, which will be completely reimagined. Development of the new residences, eateries, wellness facilities and outdoor amenities is expected to begin in 2024 and open in phases starting in 2026. Westfield Old Orchard originally opened in 1956.

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DevelopmentIndustrialMidwestOhio

Contegra Completes 1.1 MSF Distribution Center Near Columbus, Ohio

by Kristin Harlow

ETNA TOWNSHIP, OHIO — Contegra Construction Co. has completed a 1.1 million-square-foot distribution center at The Cubes at Etna 70 development in Etna Township near Columbus. Known as Building E, the speculative facility features a clear height of 40 feet, 108 dock doors, four drive-in docks and parking for 289 tractor-trailers and 298 cars. The developer was CRG and its capital partner LXP Industrial Trust. Lamar Johnson Collaborative served as architect. At full buildout, CRG’s The Cubes at Etna 70 will provide up to 2.9 million square feet of industrial space across 220 acres.

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DevelopmentMidwestMultifamilyStudent HousingWisconsin

Subtext Begins Development of 536-Bed Student Housing Community Near University of Wisconsin-Madison

by Kristin Harlow

MADISON, WIS. — Subtext has begun development of VERVE Madison, a 536-bed student housing community located within walking distance of the University of Wisconsin-Madison campus. The project will rise 12 stories at 506 W. Johnson St. Completion is slated for fall 2024. In addition to fully furnished units, VERVE Madison will feature 19,000 square feet of amenity space with a rooftop pool, outdoor terrace, fitness center, coffee bar, study lounge, dog walk and pet spa. Stevens Construction Corp. is the general contractor and ESG is the architect.

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AcquisitionsIndustrialKansasMidwest

Sealy & Co. Acquires 569,584 SF Industrial Building in Olathe, Kansas

by Kristin Harlow

OLATHE, KAN. — Sealy & Co. has acquired a 569,584-square-foot industrial building in Olathe for an undisclosed price. The property, located at 1508 S. Green Road within the I-35 Logistics Park, is fully leased to a Fortune 500 tenant. The building features a clear height of 36 feet, 76 dock-high doors, three drive-in doors and a 135-foot truck court. Jason Gandy and Davis Gibbs led the acquisition on behalf of Sealy & Co. JLL brokered the sale on behalf of the seller, Scannell Properties.

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AcquisitionsIndianaMidwestRetail

Marcus & Millichap Arranges $1.8M Sale of Retail Center in Chesterton, Indiana

by Kristin Harlow

CHESTERTON, IND. — Marcus & Millichap has arranged the $1.8 million sale of a 3,412-square-foot retail center in Chesterton, a city in Northwest Indiana. Jimmy John’s and Little Caesars anchor the property. Mitchell Kiven and Nicholas Kanich of Marcus & Millichap represented the Indiana-based seller, which was the original developer of the property. The asset sold to an Iowa-based buyer completing a 1031 exchange.

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Leasing ActivityOfficeTexas

Lerma Signs 27,959 SF Office Lease Expansion at The Luminary in Dallas

by Taylor Williams

DALLAS — Creative marketing agency Lerma has signed a 27,959-square-foot office lease expansion at The Luminary in Dallas. The tenant is doubling its space with an additional floor at the 169,000-square-foot building, which is located in the West End area. Dan Harris and Nate Hruby of Stream Realty Partners represented Lerma in the lease negotiations. Harwood International recently purchased the building, which offers a rooftop terrace, bike racks and daily food service.

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AcquisitionsRetailTexas

Door Capital Partners Acquires 7,090 SF Retail Strip Center in San Antonio

by Taylor Williams

SAN ANTONIO — Austin-based investment firm Door Capital Partners has acquired The Shops at The Rim, a 7,090-square-foot retail strip center in San Antonio. The center was built in 2012 within The Rim, a 1.8 million-square-foot mixed-use development on the city’s northwest side. At the time of sale, the property was fully leased to The Rim Dental Care, Starbucks Coffee, Pigtails & Crewcuts and GNC. C.W. Sheehan, Kaitlin Kane and Hunt Wood of JLL arranged acquisition financing on behalf of Door Capital Partners. Chris Gerard and Jack Copher, also with JLL, represented the undisclosed seller in the disposition.

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