Texas

IAC-Pleasant-Run-Lancaster

LANCASTER, TEXAS — Developer IAC Properties has broken ground on a 727,080-square-foot industrial project in Lancaster, a southern suburb of Dallas. Known as IAC Pleasant Run, the 52.8-acre development will consist of two buildings that will span 457,646 and 269,434 square feet. The buildings will be situated on a total of 47 acres, and the remaining acreage will be devoted to a detention pond. Combined, the buildings will offer 7,941 square feet of office space, 127 dock doors, four drive-in doors and parking for 532 cars and 201 trailers. Ware Malcomb is the project architect, and Krusinski Construction Co. is the general contractor. Kimley-Horn is the civil engineer and landscape architect. Construction is expected to be complete early next year.

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Uptown-Oaks-at-The-Hallmark-Houston

HOUSTON — Brazos Presbyterian Homes Holding Inc., a nonprofit owner-operator, will develop a 21-story seniors housing building in the Uptown area of Houston. Known as Uptown Oaks at The Hallmark, the project represents an expansion of The Hallmark, a senior living community that first opened in 1972. The new building will feature 120 independent living units that will range in size from 1,250 to 3,000 square feet. Amenities will include a wellness center with a yoga studio and massage area, dining venues, an art and hobby studio, café, movie theater and a pool. PRDG Architecture designed the building. Construction is expected to begin in 2027, with occupancy starting in 2030.

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ENNIS, TEXAS — Marcus & Millichap has brokered the sale of The Willows, an 84-unit apartment building in Ennis, about 40 miles south of Dallas. The Willows was built on a 3.8-acre site in 1985 and offers studio, one- and two-bedroom units. Matt Aslan and Bard Hoover of Marcus & Millichap represented the seller in the transaction. The duo also collaborated with Marcus & Millichap’s Nick Fluellen to procure the buyer. Both parties requested anonymity.

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DALLAS — Weil, Gotshal & Manges LLP has signed a 69,000-square-foot office lease renewal in Uptown Dallas. The global law firm will remain a tenant at The Crescent, where it has occupied space since 1993, through 2036. Randy Cooper, Craig Wilson and Dan Harris of Stream Realty Partners represented the tenant in the lease negotiations. Tony Click and Jordyn Allen represented the landlord, Crescent Real Estate, on an internal basis.

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Weiser-Business-Park-Cypress

CYPRESS, TEXAS — A partnership between Trammell Crow Co. (TCC) and Clarion Partners has completed a 628,012-square-foot industrial project in Cypress, a northwestern suburb of Houston. The newly delivered buildings represent the third and final phase of Weiser Business Park. Designed by Seeberger Architecture with construction by A&F General Contractors, Buildings 5 and 6 at Weiser Business Park feature 36-foot clear heights, 54-foot-wide column spacing and ESFR sprinkler systems. Colliers is marketing the buildings for lease. Cadence Bank financed Phase III, construction of which began in February 2025. Phase I and II of Weiser Business Park comprised four buildings totaling approximately 1.1 million square feet that are now fully leased.

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9821-Katy-Freeway-Houston

HOUSTON — MetroNational, the owner and operator of the Memorial City mixed-use district in West Houston, will undertake a $9.1 million renovation of a 161,200-square-foot office building located within the development at 9821 Katy Freeway. The renovation, which will be carried out in two phases, will entail a reimagining of the lobby and upgrading of amenity spaces, including a training room, boardroom and hospitality bar. The project team will also enhance the skybridge, landscaping and other outdoor areas. The project is expected to be complete before the end of the year.

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DALLAS — NAI James E. Hanson, a New Jersey-based brokerage firm, has arranged the $8.8 million sale of a 20,000-square-foot cold storage facility in southwest Dallas. The newly renovated building at 4910 Joseph Hardin Drive includes 2,000 square feet of office space and has been net-leased to Bento Sushi for the past 10 years. Michael Walters and Cameron Silverstein of NAI Hanson represented the buyer, Anderson & Vreeland Realty Corp., in the transaction. The seller was CanTex Capital. The deal traded via a 1031 exchange, the structuring of which was supported by Chase Miller of NAI Robert Lynn.

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CARROLLTON, TEXAS — Locally based investment firm Dalfen Industrial has purchased a 70,635-square-foot industrial building in the northern Dallas metro of Carrollton. The multi-tenant building at 1625 W. Crosby Road was 71 percent leased at the time of sale to two tenants: Momentum Technologies and Central Cargo North America. The seller and sales price were not disclosed.

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Fort-Worth-Convention-Center-Rendering

FORT WORTH, TEXAS — The City of Fort Worth has announced plans for Phase II of the Fort Worth Convention Center overhaul.  Totaling $606 million in costs, the project will deliver a new, flexible convention center. The convention building will replace an arena dated back to 1968 and modernize an existing building that has not been significantly renovated since a 2003 expansion.  In December of last year, the city cut the ribbon on the $95 million Phase I of the Fort Worth Convention Center. Plans for Phase II were presented to the city council on Tuesday, Feb. 3.  Upon completion, Phase II will comprise a four-story structure with a central tower, a plaza with native prairie green space connected to General Worth Square and terraces for outdoor events. The facility will total 257,268 square feet of exhibit hall space; 60,917 square feet of meeting room space; and 74,033 square feet of ballroom space, as well as 16 loading docks.  Construction will begin in early 2027, with the demolition of the existing arena. Completion of the project is scheduled for early 2030. The center will remain operational during construction.  Atlanta-based firm TVS, in collaboration with Fort Worth-based Bennett Partners, designed the …

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Innerbelt-Northwest-Logistics-Park-Houston

HOUSTON — Transwestern has broken ground on an approximately 1.4 million-square-foot industrial project in northwest Houston. The project represents Phase II of a larger development known as Innerbelt Northwest Logistics Park and will consist of four buildings, two of which are fully preleased. The two other buildings will range in size from 183,080 to 428,800 square feet and will feature 32- and 36-foot clear heights, respectively, as well as a combined 168 dock-high doors and eight drive-in doors. Completion is slated for the third quarter. Phase I of Innerbelt Northwest Logistics Park was completed last year and is fully leased.

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