HOUSTON — Locally based developer Lovett Industrial has broken ground on a 537,132-square-foot speculative project in South Houston. The project represents Phase II of a master-planned development known as 610 Business District and will consist of four shallow-bay warehouses that will range in size from 53,110 to 219,487 square feet. At full build-out, the 113-acre development will comprise 1.5 million square feet across nine buildings. Associated Bank is financing Phase II of 610 Business District. Alston Construction is the general contractor for the project, and CBRE is the leasing agent. Completion is slated for the first quarter of 2026.
Texas
SAN ANTONIO — Sonnenblick-Eichner Co., a California-based financial intermediary, has arranged $22.6 million in first mortgage leasehold financing for the 213-room Hotel Valencia Riverwalk in San Antonio. The 12-story hotel is located in the downtown area and offers 9,841 square feet of meeting and event space, a fitness center, an interior open-air courtyard and multiple onsite food-and-beverage options. The debt retires a maturing 10-year loan that was also originated by Sonnenblick-Eichner. The names of the lender and borrower were not disclosed.
WEATHERFORD, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 100-acre industrial development site in Weatherford, a western suburb of Fort Worth. The site is located at the junction of South Main Street and Old Airport Road. The development will feature shallow-bay product that will be marketed for both sale and lease, and the project will also offer build-to-suit opportunities. Darren Cain and Sarah LanCarte of LanCarte represented the seller, Tri-County Electric Cooperative Inc., in the transaction. Mark Boone, also with LanCarte, represented the undisclosed buyer.
FREDERICKSBURG, TEXAS — Capital Square has acquired Woodland Cottages, a 62-unit active adult community located in the Central Texas city of Fredericksburg. Woodland Cottages offers 20 one-bedroom and 42 two-bedroom residences that have average sizes of 899 and 1,355 square feet, respectively. Amenities include a pool, fitness center, clubhouse and dedicated resident concierge services. The seller and sales price were not disclosed.
TEXARKANA, TEXAS — COIM USA, a provider of specialty chemicals, has acquired a 20-acre industrial facility at TexAmericas Center, a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border in Texarkana. Another chemicals manufacturer, Palmer International, sold the rail-served site, which includes a 25,000-square-foot facility in addition to logistics and transload infrastructure. The sales price was not disclosed.
HOUSTON — Stream Realty Partners will develop a 300,000-square-foot industrial project in northwest Houston. The 17-acre site is located off West 43rd Street between Hempstead Highway and U.S. Highway 290. The cross-dock building will be able to accommodate a single or multiple users. Seeberger Architecture is designing the project, and Kimley-Horn is providing civil engineering services. Stream will also be the property’s leasing agent. Construction is scheduled to begin in the first quarter of 2026 and to be complete before the end of next year.
HOUSTON — A partnership between locally based development firm Moody Rambin and Fort Worth-based investment firm Exline Capital has acquired Central Park Northwest, a 293,743-square-foot industrial park in northwest Houston. The property consists of eight buildings that include office space. The seller and sales price were not disclosed, and no third-party brokers were named as being involved in negotiating the transaction. Moody Rambin’s in-house team will lease the property.
IRVING, TEXAS — Orlando-based development firm Foundry Commercial will undertake an industrial redevelopment in Irving. Foundry plans to demolish a vacant, 45,000-square-foot office building at 4250 N. Belt Line Road and construct a 118,032-square-foot warehouse with 32-foot clear heights. Construction is scheduled to begin in September and to be complete in summer 2026. Foundry has partnered with a fund advised by Crow Holdings Capital on the project and tapped Holt Lunsford Commercial as the leasing agent.
DALLAS — Locally based brokerage firm Disney Investment Group (DIG) has arranged the sale of Mockingbird Central Plaza, a 79,885-square-foot shopping center located in the Highland Park area of Dallas. The center was 98 percent leased at the time of sale to 22 tenants, including Whole Earth Provision, Jason’s Deli and Mattress Firm. David Disney and Adam Crockett of DIG represented the seller, Dallas-based Corsair Property Co., in the transaction and procured the buyer, shopping center REIT Curbline Properties.
DALLAS — Locally based investment and development firm Westmount Realty Capital has purchased 24.4 acres in West Dallas with plans to construct a cold storage facility. The site is located at 951 W. Walton Walker Blvd. at the southwest corner of Loop 12 and I-30. Details on project specifics were not disclosed. The deal traded off-market, and no third-party brokers were involved in negotiating the sale.
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