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Alesio-Urban-Center-Irving
LoansMixed-UseTexas

Berkadia Arranges $124.6M Loan for Refinancing of Irving Mixed-Use Property

by Taylor Williams

IRVING, TEXAS — Berkadia has arranged a $124.6 million loan for the refinancing of Alesio Urban Center, a mixed-use property in Irving’s Las Colinas district that consists of 908 apartments and 55,499 square feet of commercial space. Developed on 17.3 acres in phases between 1987 and 1995, Alesio Urban Center comprises 14 residential buildings, a structured parking garage and 23 commercial spaces. Residences come in one-, two- and three-bedroom floor plans, and amenities include five pools, a fitness center with yoga and Pilates studios, a business center, game lounge, running trail and a media/theater room. Blackstone provided the loan to the owner, Harbor Group International. Charles Foschini, Christopher Apone, Shannon Wilson and Lourdes Carranza-Alvarez led the debt placement efforts for Berkadia.

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Kenswick-at-1960-Humble
DevelopmentIndustrialTexas

Triten Real Estate Delivers 400,000 SF Distribution Center in Humble, Texas

by Taylor Williams

HUMBLE, TEXAS — Local developer Triten Real Estate Partners has delivered a roughly 400,000-square-foot distribution center in the northern Houston suburb of Humble. Known as Kenswick at 1960, the property consists of two buildings that feature 36-foot clear heights, approximately 9,000 square feet of office space and “ample” trailer and car parking. The site also includes more than five acres of outdoor storage space. Method Architecture designed the project, and Harvey Cleary served as the general contractor. Grey Wolf acted as civil engineer. CBRE is the leasing agent.

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DevelopmentOfficeRetailTexas

NewForm Real Estate Completes 50,738 SF Adaptive Reuse Project Near Downtown Houston

by Taylor Williams

HOUSTON — Local developer NewForm Real Estate has completed a 50,738-square-foot adaptive reuse project near downtown Houston. The project converted the historic, six-story Commercial National Bank Building at 917 Franklin St., which was originally constructed in 1904, into a modern office facility with 3,390 square feet of retail/restaurant space. The restoration involved exterior façade work, window repairs, masonry cleaning and upgraded lighting. Stream Realty Partners is leasing the office space, and Rebel Retail Advisors is leasing the retail/restaurant space.

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DevelopmentRetailTexas

Spring Valley Construction Breaks Ground on 17,400 SF Retail Project in Flower Mound, Texas

by Taylor Williams

FLOWER MOUND, TEXAS — Spring Valley Construction Co. has broken ground on a 17,400-square-foot retail project in Flower Mound, located in the northern-central part of the metroplex. The project represents Phase I of the 40,000-square-foot retail component of Silveron Park, a mixed-use project that will also feature 525,000 square feet of office space and 200 apartments. Weitzman is managing the development and leasing of Silveron Park’s retail space. Thompson Realty Capital is handling the residential and office components.

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Inwood-Design-District-Dallas
DevelopmentIndustrialRetailTexas

M2G Ventures Completes Redevelopment of 740,000 SF Industrial, Retail Property in Northwest Dallas

by Taylor Williams

DALLAS — Locally based investment firm M2G Ventures has completed the redevelopment of the former Inwood Design District in northwest Dallas. The project converted a 14-building campus into a 740,000-square-foot industrial and retail property that also includes showroom space. The showroom and light industrial components are known as the Inwood Design District, and the retail and restaurant components are known as Ace on Inwood. The company purchased the 38-acre site at 1110 Inwood Road in early 2025, at which time the property was home to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA.

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DevelopmentRetailTexas

H-E-B Opens 126,000 SF Grocery Store in Euless, Texas

by Taylor Williams

EULESS, TEXAS — H-E-B has opened a 126,000-square-foot store in Euless, located in the northern-central part of the metroplex. Located at 2105 Rio Grande Blvd. and known as Mid-Cities H-E-B, the store is the 12th to be opened by the San Antonio-based grocer in the metroplex since 2022. H-E-B has also opened three Joe V’s Smart Shop stores in the area during that time, and this store’s debut also includes the opening of H-E-B’s 50th True Texas barbeque restaurant.

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AcquisitionsHospitalityTexas

Marcus & Millichap Brokers Sale of 110-Site RV Park in Bridge City, Texas

by Taylor Williams

BRIDGE CITY, TEXAS — Marcus & Millichap has brokered the sale of the 110-site Town & Country RV Park in Bridge City, which is part of the Beaumont-Port Arthur metroplex in East Texas. The property spans 26 acres. Brad Dorsey and Skyler Henderson of Marcus & Millichap represented the seller and procured the buyer, both of which were Texas-based investors that requested anonymity, in the transaction.

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AcquisitionsDevelopmentIndustrialTexas

Partners Real Estate Arranges Sale of 25.4-Acre Industrial Development Site in Schertz, Texas

by Taylor Williams

SCHERTZ, TEXAS — Partners Real Estate has arranged the sale of a 25.4-acre industrial development site in Schertz, located northeast of San Antonio. The site is situated on Friesenhahn Lane between I-35 and FM 482. Stan Nowak and Andrew Alizzi of Partners represented the buyer, HPI Real Estate Development, in the transaction. The seller and future plans for the site were not disclosed.

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Celestica-Richardson
DevelopmentLeasing ActivityOfficeTexas

Celestica Unveils Plans for $300M Expansion of Metro Dallas Campus

by Taylor Williams

RICHARDSON, TEXAS — Celestica, a Canadian electronics manufacturer, has unveiled plans for the expansion of its Telecom Parkway campus in Richardson, a northeastern suburb of Dallas. The initiative represents a capital investment of approximately $300 million and is expected to account for the creation of roughly 2,300 new jobs over the next two years in addition to the retention of about 400 existing jobs. Celestica has renewed its office leases at both its existing buildings and has also begun construction on a new, 343,000-square-foot building. Celestica has also entered into a public-private partnership with the City of Richardson, which has approved a $3 million tenant improvement grant to support Celestica’s long-term commitment, capital investment and job creation.

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AgriLife-Meat-Science-&-Technology-Building-Texas-A&M-University
CivicDevelopmentTexas

Skanska Breaks Ground on $134M Academic Project at Texas A&M University in College Station

by Taylor Williams

COLLEGE STATION, TEXAS — International development and construction company Skanska has broken ground on an academic project at Texas A&M University in College Station that is valued at approximately $134 million. The AgriLife Meat Science & Technology Building will span 85,600 square feet and will serve as a cornerstone of a future agriculture district on the university’s West Campus. The facility will feature updated labs, classrooms and processing space to support applied research and hands-on education, as well as a retail outlet with a public storefront for products developed at the center. Construction is expected to be complete in 2028.

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