HOUSTON — Stena Real Estate AB, the American ownership arm of Swedish investment company Stena Property, will renovate Woodbranch Plaza, a 580,558-square-foot office campus located in the Energy Corridor submarket of West Houston. Woodbranch Plaza is a four-building campus that offers amenities such as a fitness center, conference facilities and a deli. As part of the capital improvement program, ownership plans to activate additional shared amenity spaces and upgrade the lobby, common areas and restrooms, as well as enhance the landscaping and other outdoor green spaces. Stena, which has tapped Transwestern as the property’s new leasing agency, is also in the process of constructing speculative office suites.
Texas
DALLAS — Newmark has brokered the sale of Tollway Plaza, a 376,259-square-foot office campus located at 16000 Dallas Parkway in North Dallas. The campus comprises two eight-story buildings on a 7.4-acre site that were constructed in the late 1990s. The campus was 91 percent leased at the time of sale to a tenant roster with a weighted average remaining lease term of 5.5 years. Robert Hill, Gary Carr, Chris Murphy and Austin Sheahan of Newmark represented the seller, Buchanan Street Partners, in the deal. Chris McColpin, Nick Scribani, Clint Frease, Andrew Porteous and Josh Francis, also with Newmark, arranged acquisition financing for the deal on behalf of the buyer, a partnership led by Tourmaline Capital Partners.
HUTCHINS, TEXAS — Orlando-based owner-operator Foundry Commercial is underway on construction for Wintergreen Gardens, a 13-acre industrial outdoor storage (IOS) facility in Hutchins, a southeastern suburb of Dallas. Wintergreen Yards will feature 9 acres of concrete-paved outdoor storage space along with two tilt-wall industrial buildings totaling 25,000 square feet. Construction began earlier this summer, and delivery is slated for the first quarter of 2027.
DALLAS — Lee & Associates has negotiated a 26,600-square-foot industrial lease in northwest Dallas. According to LoopNet Inc., the building at 616-626 W. Mockingbird Lane was completed in 1978 and totals 46,400 square feet. Stephen Williamson of Lee & Associates represented the landlord, Brookfield Asset Management, in the lease negotiations. Nick Melbye of NAI Robert Lynn represented the tenant, an entity doing business as Render Collective LLC.
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Lee & Associates’ Q2 Report: Office, Retail Markets Gain Momentum as Industrial, Multifamily Face Headwinds
The Lee & Associates’ 2026 Q2 North America Market Report finds that commercial real estate fundamentals are improving, but the pace of recovery varies significantly by property type and market. Office and retail sectors are showing renewed momentum, industrial demand continues to recover unevenly amid trade uncertainty and multifamily fundamentals are stabilizing as new supply begins to moderate. Across all sectors, investors and occupiers remain highly selective in an evolving market. Sponsored: Download Lee & Associates’ 2026 Q2 North America Market Report. Industrial Overview: Recovering Demand Is Uneven Amid Trade Tensions Demand for North American industrial space in the second quarter continued to recover from slowing caused by heightened trade uncertainties that began early last year. Modest tenant expansion in the United States remains well off pre-COVID average growth. In the United States, 44.4 million square feet of net absorption in the second quarter brought the mid-year total to 77.1 million square feet, about 30 percent less than the pre-pandemic five-year average. First-half deliveries fell to 93 million square feet, which included 44.4 million square feet in the first quarter — the least in seven years. Although supply additions have moderated, the pullback in tenant demand over the past three years …
HOUSTON — The University of St. Thomas has broken ground on a 400-bed residence hall project on the institution’s campus in Houston. The 95,000-square-foot development will include a dedicated chapel and prayer room, courtyard and multi-use lounges and collaborative study zones. Units will be offered in two-, three- and four-bedroom configurations for single or double occupancy. The property will also be home to two staff apartments. The design team for the project included global architecture firm Corgan and The Lawrence Group. A tentative completion date was not announced.
MIDLOTHIAN, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of a 236-unit apartment complex in the southern Dallas suburb of Midlothian. Built in 2020, The Mark at Midlothian offers one- and two-bedroom units with an average size of 881 square feet and amenities such as a pool, fitness center, business center and a dog park. Michael Ware, Joey Tumminello, Drew Kile, Taylor Hill and Jack Windham of IPA represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HOUSTON — Lindenmeyr Munroe has signed a 100,043-square-foot industrial lease in North Houston. The distributor of printing and packaging paper is taking space at Building 3 of Patriot Business Park, a newly constructed, three-building development that was formerly known as Veterans Memorial Business Park. Tyler Maner, Natalie Gilbert and Jeremy Lumbreras of Stream Realty Partners represented the landlord, a partnership between Investment & Development Ventures and Standard Real Estate Investments, in the lease negotiations. Jim Foreman and Sean Duffy of Cushman & Wakefield represented the tenant.
GRAND PRAIRIE, TEXAS — Lee & Associates has negotiated a 56,780-square-foot industrial lease in Grand Prairie, located roughly midway between Dallas and Fort Worth. The tenant was not disclosed. According to LoopNet Inc., the building at 2401 W. Marshall Drive was completed in 1966 and totals 320,366 square feet. Mark Graybill, R.J. Flores and Reed Parker of Lee & Associates represented the landlord, which also requested anonymity, in the lease negotiations.
EL PASO, TEXAS — JLL has negotiated the sale of Palomar West, a 248-unit apartment complex in El Paso. The property was built on a 10.6-acre site on the city’s west side in 1986 and offers one- and two-bedroom units with an average size of 701 square feet. Amenities include a pool, fitness center and a resident clubhouse. Steven Hahn Jr., Art Barnes and William Jennings of JLL represented the seller, Dallas-based Saxony Capital Management, in the transaction. The buyer and sales price were not disclosed.
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