Texas

The-Katy-at-Waterloo-Trails-Denison

DENISON, TEXAS — A joint venture between 2GR Equity, Preston Forrest Capital and Cross Development is underway on construction of The Katy at Waterloo Trails, a 236-unit multifamily project in Denison, about 75 miles north of Dallas. The site is located within the Waterloo Trails master-planned development, and the property will offer amenities such as a pool, fitness center, business center, a community kitchen and dog parks. Information on floor plans was not disclosed. Completion is slated for late 2027.

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BROOKSHIRE, TEXAS — Vestas-American Wind Technology has signed a 131,000-square-foot industrial lease in Brookshire, a western suburb of Houston. The space is located within the 17-acre Enterprise Park at Twinwood development and will be used to support Vestas’ spare parts distribution and operations across North America. Louis Rosenthal, Graham Horton, Cayla Wardenburg and Eric Turner of JLL represented the tenant in the lease negotiations. Bill Gold and Faron Wiley of CBRE represented the landlord.

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AUBREY, TEXAS — Marcus & Millichap has brokered the sale of a 54,777-square-foot industrial flex building in Aubrey, located north of the metroplex in Denton County. The building at 1518 Navo Road was constructed on 4.5 acres in 2022 and houses 20 suites. Cole Collins, Adam Abushagur and Davis Cagle of Marcus & Millichap represented the seller, Preston Forrest Capital, in the transaction and procured the buyer, Masina Investment Partners.

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KATY, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Peek Plaza I & II, two 10,000-square-foot retail strip centers located in the western Houston suburb of Katy. Peek Plaza I & II were completed in late 2023 and were fully leased at the time of sale. STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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OWASSO, OKLA. — Greenheck Group, a provider of commercial air movement, control and conditioning equipment, will open a 1.3 million-square-foot manufacturing facility in Owasso, a northern suburb of Tulsa. Greenheck has acquired a 72-acre distribution campus that was formerly operated by Macy’s, and the new manufacturing plant is expected to generate about 700 new jobs within the local economy over the next five years. In addition, the project represents a total capital investment of about $300 million in the regional economy. Greenheck expects to finalize initial building upfit improvements by spring 2027, with production beginning shortly thereafter.

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The-Kent-Austin

AUSTIN, TEXAS — Austin-based HPI Real Estate Services & Investments has broken ground on The Kent, a seven-story, 396-unit apartment project that will be located near The Domain on the state capital’s north side. Specific information on floor plans and amenities was not disclosed. HPI is developing The Kent in partnership with multiple private investors. Belshaw Mulholland Architects designed the project, and Austin-based OHT Partners is serving as the general contractor. Completion is slated for mid-2029.

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Summit-Grove-Business-Park-Spring-Texas

SPRING, TEXAS — Stream Realty Partners is nearing completion of Summit Grove Business Park, a 215,891-square-foot industrial project in the northern Houston suburb of Spring. Building One is a 124,930-square-foot, rear-load structure that is currently available for lease. Building Two is a 90,961-square-foot facility that is fully preleased to an undisclosed, energy services company. Garrett Thomas and David Munson of Cushman & Wakefield represented the tenant in the lease negotiations for Building Two. Tyler Maner, Abe Richardson and Grant Wisenbaker represented ownership on an internal basis.

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TEXARKANA, TEXAS — TexAmericas Center has signed a memorandum of understanding (MOU) with AIST Solutions, a Japanese industrial, research and engineering company, as well as AIST’s American subsidiary, to support manufacturing and business growth in Texarkana. The agreement establishes a formal working relationship that connects TexAmericas Center, which owns and operates a 12,000-acre mixed-use and industrial park of the same name near the Arkansas-Texas border, with Japanese companies exploring U.S. market entry and expansion.  

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Shops-at-Willow-Bend-Plano

By Taylor Williams Tax cuts for the rich. The K-shaped economy. The dawn of the second Gilded Age.   Regardless of your preferred cliché, if you buy into one or more of those views on the current state of the U.S. economy, then you likely have broader concerns about the natural byproducts of unchecked capitalism. But no matter the degree of government oversight and regulation, capitalism at its core is driven by competition, and sometimes that competition can be taken too far. But those in the business of economic development in North Texas see no real need to take competitive capitalism to extremes, at least at this point in the cycle. The region’s natural magnetism for attracting new commerce, as well as its established patterns of job and population growth, are somewhat self-sustaining at this point, and there’s plenty of business to go around.  “There’s always competition, but we also all talk to each other and share ideas about what’s working from a regional standpoint, and because of what we have in DFW in terms of sheer population and diversity of workforce, there are plenty of opportunities,” says Michael Talley, the City of Plano’s director of economic development. “Competition is …

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Arc-at-The-Grid-Stafford-Texas

STAFFORD, TEXAS — Walker & Dunlop has arranged a $110 million loan for the refinancing of 1879 at the Grid and Arc at the Grid, two apartment communities totaling 731 units in the southwestern Houston suburb of Stafford. Built in 2019 and 2020, respectively, within a 192-acre mixed-use development, 1879 at the Grid and Arc at the Grid both offer studio, one-, two- and three-bedroom units. Amenities include pools, fitness and wellness centers, resident lounges, coworking spaces, pet parks, courtyards, package lockers and outdoor grilling and dining stations. Dustin Stolly, Aaron Appel, Keith Kurland, Jonathan Schwartz, Adam Schwartz, Sean Reimer, Michael Ianno and Edward Leboyer of Walker & Dunlop arranged the floating-rate, interest-only loan through TPG Real Estate Credit. The borrower is Lone Star Funds.

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