DALLAS — Developer IAC Properties has completed an approximately 435,000-square-foot speculative industrial project in South Dallas. IAC Beckleymeade is a two-building development that sits on a 28.2-acre site. The buildings total 234,900 and 199,800 square feet and include 81 dock doors and 5,500 square feet of office space. Azimuth Architecture designed the project, and Krusinski Construction Co. served as the general contractor. Construction began last summer.
MCKINNEY, TEXAS — A partnership between Outrigger Industrial and Boston-based Longpoint Partners has sold a 304,576-square-foot industrial building in McKinney, located north of Dallas. The building at 400 Harry McKillop Blvd., which is known as M-75 Commerce Center, was completed in 2024 and was fully leased to a single tenant at the time of sale. Building features include 36-foot clear heights, a cross-dock configuration and climate-controlled space. The buyer and sales price were not disclosed.
SUGAR LAND, TEXAS — Applied Optoelectronics Inc. (NASDAQ: AAOI), a provider of advanced optical and hybrid fiber coax networking products, will open a 210,000-square-foot manufacturing facility in Sugar Land, a southwestern suburb of Houston. The initiative represents a capital investment of about $150 million and is expected to add about 500 new jobs to the local economy over the next five years. The facility is expected to be operational by summer 2026.
HOUSTON — Cushman & Wakefield has brokered the sale of Chisholm Trail Business Center, a two-building, 86,904-square-foot industrial property in North Houston. The rear-load buildings feature 18-foot clear heights and a mix of dock-high, semi-dock and ramp-access doors. Jim Carpenter, Jud Clements, Robby Rieke, Emily Brandt, David Munson and Trevor Berry of Cushman & Wakefield represented the undisclosed seller in the transaction. The buyer was Entrada Partners. The property was 86 percent leased at the time of sale.
HOUSTON — Norton Rose Fulbright has signed a 21,000-square-foot office lease expansion in downtown Houston. The global law firm relocated its corporate headquarters to the 28-story namesake building at 1550 Lamar St. last summer, occupying floors 20 through 26. The expansion encompasses an additional full floor and brings Norton Rose Fulbright’s total footprint at the building to 139,000 square feet and the building’s occupancy rate to 70 percent. Skanska owns the property.
NEW YORK CITY — Summit Properties has purchased 444 Madison Avenue, a 500,000-square-foot office building in Midtown Manhattan. The 42-story building occupies an entire blockfront between East 49th and 50th streets and offers amenities such as a tenant lounge, café, conference center and two landscaped terraces. Tenants include law firm Schwartz, Sladkus, Reich, Greenberg, Atlas, as well as The Doris Duke Foundation, EOS Hospitality and financial services firm Capital Dynamics. The seller and sales price were not disclosed. Summit Properties has tapped JLL as the new leasing agent.
ROBINSON TOWNSHIP, PA. — A partnership between two Indiana-based firms, developer Milhaus and investment group BAM Capital, has completed a 272-unit apartment complex located just west of Pittsburgh in Robinson Township. Known as Nox Living, the property offers studio, one-, two- and three-bedroom floor plans and amenities such as a pool, fitness center, coworking space, pickleball court, resident lounge and outdoor grilling and dining stations. Rents start at roughly $1,650 per month for a studio apartment, according to the property website.
LANCASTER, PA. — CBRE has brokered the sale of The Shops at Prospect, a 63,392-square-foot shopping center in Lancaster, located roughly midway between Philadelphia and Harrisburg. Grocer Giant anchors the center, which is also home to tenants such as Penn State Health and Hillcrest Pharmacy. Chris Munley, Colin Behr, Ryan Sciullo and Casey Benson Smith of CBRE represented the seller, Brixmor Property Group, in the transaction. Bennett Williams Commercial represented the buyer, Deerin Cos.
NEW YORK CITY — Stark Office Suites will open a 17,300-square-foot flexible workspace facility in Manhattan’s Plaza District. The space spans the 13th and 14th floors of 717 Fifth Avenue, a building that recently underwent a multimillion-dollar capital improvement program. Craig Lemle and Roi Shleifer of Savills represented Stark in the lease negotiations. CBRE represented the undisclosed landlord.
RICHMOND, VA. — Cushman & Wakefield has arranged the sale and financing of Eastport Industrial Park, a nearly 1.1 million-square-foot industrial portfolio in Richmond. Rockpoint purchased the property from Equus Capital Partners for $142 million. Jonathan Carpenter, Graham Savage, Dawes Milchling and James Check of Cushman & Wakefield, alongside Eric Robison and Bo Mckown of Cushman & Wakefield | Thalhimer, represented the seller in the transaction. John Alascio, T.J. Sullivan, Chris Meloni and Michael Zelin, also with Cushman & Wakefield, arranged acquisition financing through an unnamed global alternative investment firm on behalf of Rockpoint. Situated near the Richmond International Airport, Eastport Industrial Park comprises eight buildings with 25-foot clear heights, 182 loading positions and modern infrastructure to support a diverse tenant base. The property was 97 percent leased to 19 tenants at the time of sale.
