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Park-Row-Houston
DevelopmentMultifamilyTexas

OHT Partners Breaks Ground on 360-Unit Multifamily Project in West Houston

by Taylor Williams

HOUSTON — Austin-based developer OHT Partners has broken ground on Park Row, a 360-unit multifamily project in West Houston. The 14-acre site at 14192 Park Row Blvd. is located in the Energy Corridor, and the development will feature one- and two-bedroom units that will range in size from 702 to 1,257 square feet. Amenities will include a pool, clubhouse, fitness room, coworking space, communal kitchen, package lockers, a dog park, pickleball court and outdoor grilling and dining stations. Meeks + Partners is the project architect, and OHT’s in-house team is serving as the general contractor. A tentative completion date was not announced.

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AcquisitionsIndustrialTexas

Link Logistics Acquires 291,285 SF Industrial Property in Coppell, Texas

by Taylor Williams

COPPELL, TEXAS — New York City-based Link Logistics has acquired a 291,285-square-foot industrial property in Coppell, located in the northern-central part of the metroplex. Link Logistics acquired the fully leased building at 450 Airline Drive as part of a two-property portfolio deal that also included a 61,111-square-foot building in Austin. Stream Realty Partners brokered the deal. The seller and sales price were not disclosed.

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AcquisitionsHospitalityTexas

Marcus & Millichap Brokers Sale of 71-Room Hotel in Temple, Texas

by Taylor Williams

TEMPLE, TEXAS — Marcus & Millichap has brokered the sale of a 71-room hotel in the Central Texas city of Temple. The Holiday Inn Express & Suites in Temple offers a mix of rooms and suites in addition to a pool and a fitness center. Skyler Cooper, Chris Gomes and Allan Miller of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 35,000 SF Industrial Lease in Northeast Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Lee & Associates has negotiated a 35,000-square-foot industrial lease in northeast Fort Worth. According to LoopNet Inc., the building at 566 N. Beach St. totals 123,450 square feet. Aaron Schulle, Trey Fricke and Reid Bassinger of Lee & Associates represented the undisclosed tenant in the lease negotiations. Nick Talley of LanCarte Commercial represented the landlord, Melvin Evans Warehouses Ltd.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 645-Unit Self-Storage Facility in San Antonio

by Taylor Williams

SAN ANTONIO — Marcus & Millichap has brokered the sale of a 645-unit self-storage facility in San Antonio. CubeSmart previously operated the facility, which was built on a 10.6-acre site on the city’s southwest side in 2023 and spans 115,240 net rentable square feet. Jon Danklefs of Marcus & Millichap represented the seller, a New Jersey-based limited liability company, in the transaction and procured the buyer, Public Storage, which has rebranded the property. The facility was 89 percent occupied at the time of sale.

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WareSpace-Plano
DevelopmentIndustrialTexas

WareSpace Opens 174,500 SF Industrial Facility in Plano

by Taylor Williams

PLANO, TEXAS — WareSpace, a a national provider of micro-bay warehouse spaces, has opened a 174,500-square-foot facility in Plano, located northeast of Dallas. WareSpace Plano is a conversion of a formerly vacant retail building and offers private warehouse suites that range in size from 200 to 2,000 square feet. Additional features include climate controls, loading docks, industrial racking, conference rooms, shared kitchens and lounge areas. A ribbon-cutting ceremony took place on Aug. 6.

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The-Commons-at-Concord-Park
AcquisitionsOfficeTexas

Worth & Associates Acquires 108,116 SF Office Complex in San Antonio

by Taylor Williams

SAN ANTONIO — Locally based owner-operator Worth & Associates has acquired The Commons at Concord Park, a 108,116-square-foot office complex in San Antonio’s Stone Oak neighborhood. The property comprises four buildings with suites that range in size from 1,254 to 9,790 square feet. Todd Mills of Cushman & Wakefield represented the undisclosed seller in the transaction. Shawn Gulley represented Worth & Associates, which plans to make capital improvements to the property, on an internal basis.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 14,100 SF Industrial Lease in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — Lee & Associates has negotiated a 14,100-square-foot industrial lease in the northeastern Dallas suburb of Richardson. According to LoopNet Inc., the building at 789 N. Grove Road was completed in 1983 and totals 54,471 square feet. Jessica Reinhardt and Susan Cancemi of Lee & Associates represented the landlord, an entity doing business as Dallas North Industrial LLC, in the lease negotiations. Shane Rollins of TXCRE represented the tenant, Battery Management Technology Corp.

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501-Holfords-Prairie-Road-Lewisville
IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 176,182 SF Industrial Lease in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — Lee & Associates has negotiated a 176,182-square-foot industrial lease at 501 Holfords Prairie Road in the northern Dallas suburb of Lewisville. The deal is for the entirety of the space within the newly constructed Building F, which was built on a speculative basis within First Park 121, a 1.2 million-square-foot development. Mark Graybill and Adam Graham of Lee & Associates represented the landlord, Chicago-based First Industrial Realty Trust, in the lease negotiations. Jay Benner of Cushman & Wakefield represented the tenant, IEWC Corp., a Wisconsin-based provider of wire and cabling products.

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Affordable HousingLoansMultifamilyTexas

BWE Provides $16.8M Agency Loan for Mixed-Income Property in Grapevine, Texas

by Taylor Williams

GRAPEVINE, TEXAS — Cleveland-based commercial finance firm BWE has provided a $16.8 million Freddie Mac loan for Cobblestone Village, a 200-unit mixed-income property in Grapevine, located in the northern-central part of the metroplex. Built in 1983, Cobblestone Village comprises 96 one-bedroom and 104 two-bedroom apartments, 70 of which are subject to income restrictions. Amenities include a pool, fitness center, playground and outdoor grilling and dining stations. Jake Roberts of BWE originated the seven-year loan on behalf of the owner, San Antonio-based Falkin Platnick Realty Group, which plans to use a portion of the proceeds to fund capital improvements.

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