GLEN ROSE, TEXAS — Amazon plans to open a data center campus in Glen Rose, about 55 miles southwest of Fort Worth, an initiative that the Seattle-based conglomerate says will create about 550 new full-time jobs. The acreage of the site and total power capacity of the campus were not disclosed, but Data Center Dynamics reported earlier this year that according to a tax abatement application filed by Amazon, the project “could total up to 18 two-story buildings across some 435 acres and some $5 billion invested.” Those figures were also reported by Crypto Briefing in early November, at which time that outlet also reported that the campus would be known as Project Spectrum and was tied to a power purchase agreement of up to 1,200 megawatts.
WAXAHACHIE, TEXAS — Baylor Scott & White has provided updates on a $240 million healthcare expansion project in Waxahachie, a southern suburb of Dallas. Baylor Scott & White Medical Center – Waxahachie is a 52-acre campus that opened in 2014, and construction is now complete on a six-story inpatient building that represents the largest phase of the broader expansion project. The new building increases the facility’s licensed bed count from 140 to 199 and features an intensive care unit, surgery department and an expanded emergency department. Project partners included architect HKS, general contractor Whiting-Turner and Henderson Engineers. Construction of the new building began in spring 2024.
HOUSTON — Holt Lunsford Commercial Investments (HLCI), the investment and development arm of the Dallas-based brokerage firm of the same name, has broken ground on The Bend at 249, a 191,768-square-foot industrial project in northwest Houston. The site spans 14.4 acres along State Highway 249, and the development will consist of a single rear-load building with 36-foot clear heights, drive-in ramps with oversized doors, 44 dock-high doors and 61 trailer parking stalls. HLCI has tapped CBRE to market the project for lease. Construction is expected to be complete in the second quarter of next year.
FORT WORTH, TEXAS — JLL has arranged a loan of an undisclosed amount for the refinancing of Bowie House, a 106-room boutique hotel located in Fort Worth’s Cultural District. Bowie House, which is part of the Auberge Collection family of hospitality brands, opened in 2023 and includes 18 suites. The amenity package comprises an outdoor pool, fitness center, spa, multiple food-and-beverage outlets and 10,835 square feet of meeting and event space. Jim Curtin, De’On Collins, Luke Rogers, Campbell Swango, Greyson Fewin and Robert Westerfield of JLL arranged the floating-rate loan through MetLife on behalf of the owner, Bowie Place Properties.
SUGAR LAND, TEXAS — The City of Sugar Land, located southwest of Houston, is underway on the $12.5 million renovation and modernization of the city’s 32-acre downtown commercial center, known as Sugar Land Town Square. Under the terms of the funding agreement, which was approved last June, Building B is receiving upgrades to its communal office and amenity spaces, as well as its landscaping and streetscaping. In addition, Building H is seeing renovations to its entryway, lobby and signage, along with updates to the garden area and new furniture, fixtures and equipment. Sugar Land Town Square, which opened in 2003, is also now home to energy contracting firm Primoris Services Corp., which signed a 25,352-square-foot lease this fall. In addition, 17,000 square feet of new restaurant, retail and entertainment concepts have recently been announced at the development.
LAREDO, TEXAS — Atlanta-based investment firm MDH Partners has acquired a 129,301-square-foot industrial building in the South Texas city of Laredo. Built in 2000 within Milo Industrial Park, the single-tenant, rail-served facility at 302 Grand Central Blvd. features 44 dock-high doors and 47 trailer parking stalls and was fully leased at the time of sale to an affiliate of German logistics company DHL Supply Chain. Craig Tomlinson of Northmarq represented the undisclosed seller in the transaction. Makenna Barbara represented MDH Partners on an internal basis.
FRISCO, TEXAS — Lee & Associates has negotiated a 32,375-square-foot industrial lease in Frisco, located north of Dallas. The tenant is Austin-based energy storage company Base Power Inc. The building at 15691 FM 423 is one of three within Frisco Trade Center, a 581,256-square-foot development owned by Dallas-based Dalfen Industrial. Brett Lewis, Taylor Stell and George Tanghongs of Lee & Associates represented the landlord in the lease negotiations.
PLANO, TEXAS — Selerix Insurance Services has signed a 28,400-square-foot office headquarters lease in Plano. The space is located within One Legacy Circle and represents both an expanded footprint and consolidation into a single location for the company. Alan Wood of Site Selection Group represented Selerix in the lease negotiations. Jared Laake of Bradford Commercial Real Estate Services and Eduardo Gildenson of Gildenson Real Estate represented the landlord.
By Rich Trepanier, president, Gage Commercial Construction For multifamily property owners, the impact of a fire extends well beyond the physical damage left behind. What begins as an emergency quickly becomes a complex business challenge involving lost revenue, insurance coordination, reconstruction costs and operational disruptions that can continue long after the flames are extinguished. While rebuilding a damaged structure is the most visible part of the recovery process, restoring an income-producing property to normal operations involves a much broader set of considerations. Owners must navigate financial uncertainty, coordinate with multiple stakeholders and make decisions that can influence how quickly a property returns to productive and habitable use. Every choice has a direct impact on the speed, cost and overall success of the recovery. According to the U.S. Census Bureau, Texas is home to five of the 15 fastest-growing cities in the country by population. Inevitably, that means that Texas has a significant concentration of multifamily housing, which theoretically means increased demand for reconstruction services. Across Texas, the complexities of fire reconstruction can be compounded by differences in local building requirements, existing property conditions and the challenges of maintaining operations in partially occupied communities. Financial Impact Goes Beyond Physical Damage Beyond visible …
SPRINGTOWN AND AZLE, TEXAS — Marcus & Millichap has brokered the sale of a portfolio of two self-storage facilities totaling 950 units in Springtown and Azle, both of which are located northwest of Fort Worth. The Springtown & Azle Storage Portfolio spans 150,980 net rentable square feet of space across more than 15 acres. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a DFW-based, family-owned partnership, in the transaction and procured the buyer, an entity doing business as 10 Federal. The same buyer recently purchased the 359-unit KO Storage facility that is also located in Azle.
Newer Posts