WILMER, TEXAS — Logistics Plus has signed a 744,452-square-foot industrial lease in the southern Dallas suburb of Wilmer. The Pennsylvania-based provider of freight and fulfillment services will occupy the entirety of Building 2 within Southport Logistics Center, an approximately 1.5 million-square-foot development. Building 2 features 123 dock doors, three drive-in doors and 4,647 square feet of speculative office space. Kurt Griffin and Nathan Orbin of JLL represented the landlord, a joint venture between Bandera Ventures and Invesco Real Estate, in the lease negotiations.
Texas
PARIS, TEXAS — JLL has negotiated the sale of a 291,958-square-foot shopping center in Paris, about 100 miles northeast of Dallas. Paris Towne Center was built in 1976 and is home to tenants such as Aldi, Hobby Lobby, Ross Dress for Less, T.J. Maxx, Five Below, Ulta Beauty and Bath & Body Works. Adam Howells and Erin Myer of JLL represented the seller, College Station-based Culpepper Realty Co., in the transaction. Dallas-based Corsair Property Co. purchased the center for an undisclosed price.
HOUSTON — Local owner-operator Clay Development & Construction has broken ground on Kennedy Greens Distribution Center V, a 63,440-square-foot speculative industrial project in North Houston. The project marks the final phase of development for the 145-acre Kennedy Greens South Business Park. Building features will include a front-load configuration, 32-foot clear heights, 130-foot truck court depths, 2,600 square feet of office space and 73 car parking spaces. Completion is slated for the first quarter of next year.
TULSA, OKLA. — Zenith IOS (industrial outdoor storage) has purchased a 7.6-acre facility in Tulsa. The property at 15403 E. Skelly Drive houses a 26,900-square-foot building with six drive-through bays. Andrew Wieseman of Nashville-based brokerage firm Matthews sourced the deal on behalf of Zenith, which acquired the facility as part of a larger portfolio deal that included properties in Duncanville and Blue Mound, Texas. The seller and sales price were not disclosed.
GAINESVILLE, TEXAS — A partnership between B-29 Investments and Hughes Commercial has broken ground on Camp Howze Industrial Rail Park, a 489-acre industrial park in Gainesville, located north of the metroplex in Cooke County. Located along I-35 and U.S. Highway 82, the master-planned development could ultimately feature as much as 7 million square feet of industrial space across 14 buildings. Camp Howze Industrial Rail Park will be able to accommodate users with requirements from 50,000 to 1 million square feet and will also offer build-to-suit facilities for lease or purchase. BNSF Railway is constructing a rail connection that will provide direct service to the park, with service expected to commence in the second quarter of 2027. Stream Realty Partners is leasing the development.
ARLINGTON, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Flintridge, a 188-unit, garden-style apartment complex in Arlington. Built in 1979, Flintridge offers one- and two-bedroom units with an average size of 743 square feet and amenities such as a pool, clubhouse, business center and onsite laundry facilities. Michael Ware, Drew Kile, Joey Tumminello and William Hubbard of IPA represented the seller, an undisclosed lender, in the transaction and procured the buyer, Apogee Capital.
HOUSTON — New Hope Housing has completed NHH Avenue C, an affordable seniors housing project in Houston’s Magnolia Park/East End neighborhood. The number of units in the age-restricted (55-plus) complex was not disclosed, but residences come in one-, two- and three-bedroom floor plans. Amenities include a standalone community building, lounges and dining areas, a theater room and onsite resident programming services.
WALLER COUNTY, TEXAS — Clay Development & Construction Inc. has broken ground on a 31,800-square-foot speculative industrial project in Waller County, located northwest of Houston. The building will be situated on a 2.4-acre site within Pederson West Business Park and will feature 120-foot truck court depths, 23 parking spaces and build-to-suit office space. Completion is slated for early next year.
BROOKSHIRE, TEXAS — Local owner-operator Clay Development & Construction Inc. has broken ground on two industrial buildings totaling 552,240 square feet in Brookshire, a western suburb of Houston. The 291,720-square-foot Twinwood Distribution Center IV and the 260,520-square-foot Twinwood Distribution Center V are both part of the 200-acre first phase of Uplands Twinwood Business Park. The buildings both feature 36-foot clear heights, 69 dock-high doors, four drive-in ramps and 2,600 square feet of office space, in addition to a combined 342 car parking spaces and 120 trailer parking spaces. Completion is slated for the first quarter of next year. KBC Advisors has been tapped as the third-party leasing agency for the two buildings.
SAN ANTONIO — JLL has negotiated the sale of Union Square, a two-building, 323,949-square-foot office campus located on the north side of San Antonio. Building I was constructed in 1986 and offers 192,763 square feet across 10 floors, and Building II, which was completed in 2006, houses 131,186 square feet across six floors. The campus was roughly 95 percent leased at the time of sale. Drew Fuller, Chuck King and Patrick McCord of JLL represented the seller, a joint venture led by local owner-operator Worth & Associates, in the transaction. A partnership led by SynerMark Properties that includes Tryperion Holdings purchased the property for an undisclosed price.
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