Texas

O27-Houston

HOUSTON — Broadview Real Estate, a division of Broadview Capital, has unveiled plans for O27, a 32-story office tower that will be located at the gateway to Houston’s River Oaks area. STG Design is the architect for the 520,000-square-foot development, which will occupy a 1.7-acre site at 4701 Westheimer Road. Completion is slated for 2028. The design of O27 includes water features on the street level, a landscaped terrace atop a nine-story parking deck and a penthouse crown, as well as a textured, geometric façade composed of triangular glass panels wrapping the tower. Designed by global architecture firm Design ALT + TAB, the lobby includes a suspended sculpture meant to evoke Houston’s waterways. Points of light across the ceiling visible at nighttime pay homage to Houston’s reputation as Space City. In addition, O27 will feature outdoor gathering spaces, “premium” amenities and flexible office configurations meant to support collaboration, wellness and evolving workplace preferences.

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Truman-at-Arlington-Commons

ARLINGTON, TEXAS — A partnership between Los Angeles-based lender and investment firm PCCP and owner-operator RPM Living Investments has acquired a 358-unit apartment community in Arlington. Truman at Arlington Commons is a four-story building that was built in 2021 and offers studio, one-, two- and three-bedroom units that range in size from 576 to 1,594 square feet. Amenities include a pool, dog park, fitness center, private event space, dining lounge, indoor and outdoor gaming areas, and grilling and dining stations. The building also houses 4,900 square feet of retail space that is leased to a coffee shop.

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AUSTIN, TEXAS — Jackson Walker has signed an approximately 110,000-square-foot office lease at The Republic, a 48-story office building in downtown Austin. The law firm will occupy three mid-level floors within the newly constructed building. CBRE represented Jackson Walker in the lease negotiations. A partnership between San Francisco-based DivcoWest, Phoenix Property Group and Lincoln Property Co. owns The Republic, and Lincoln also handles leasing efforts at the property.

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RICHMOND, TEXAS — Edge Realty Partners has brokered the sale of Long Meadow Farms, a 38,880-square-foot shopping center in the southwestern Houston suburb of Richmond. Specific users were not named, but the center’s tenant roster is “service-oriented.” Micha van Marcke of Edge Realty Partners represented the seller in the transaction. The buyer and sales price were also not disclosed.

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Ovilla-at-Legacy-Square-Red-Oak

RED OAK, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has arranged the sale of Ovilla at Legacy Square, a 288-unit apartment complex in Red Oak, a southern suburb of Dallas. Built on 18 acres in 2023, Ovilla at Legacy Square offers one-, two- and three-bedroom units that range in size from 600 to 1,351 square feet. Amenities include a pool, clubhouse, outdoor grilling and dining stations and a dog park. Michael Ware, Joey Tumminello, Drew Kile and Taylor Hill of IPA represented the seller, a partnership between Thompson Realty Capital and Trez Capital, in the transaction. The quartet also procured the buyer, Fogelman Properties, which plans to make capital improvements to the complex.

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KATY, TEXAS — Marcus & Millichap has brokered the $7.5 million sale of an 8,753-square-foot restaurant building in the western Houston suburb of Katy. The sales price equates to $874.84 per square foot. The building at 222 W. Grand Parkway was constructed on a 1.5-acre site in 2017 and is net-leased to Brazilian restaurant chain Fogo de Chao. Alvin Mansour and David Kern of Marcus & Millichap represented the seller, a developer, in the all-cash transaction. The buyer was a California-based 1031 exchange investor. Both parties requested anonymity.

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HOUSTON — G&S Fasteners has signed a 19,200-square-foot industrial lease in northwest Houston. The supplier of industrial and construction equipment is taking space at the building at 7818 Kempwood Drive, which according to LoopNet Inc. is a 59,718-square-foot structure that was built in 1981. Stephen Golding of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Natalie Gilbert of Stream Realty Partners represented the landlord, a subsidiary of New York City-based private equity firm DRA Advisors.

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HOUSTON — Baker Katz has negotiated five leases totaling 9,548 square feet for Einstein Bros. Bagels in the greater Houston area. The spaces are located in the city’s Garden Oaks district and in the suburbs of Tomball, Spring, Baytown and Manvel. Lunden McGill and John Frazier of Baker Katz represented Einstein Bros. in all lease negotiations. Landlord brokers included Lindsey Lee and Rami Khoury of Blue Ox Group (Houston); Kristen Barker of Edge Properties (Tomball); Austen Baldridge and Diandra Breen of NewQuest (Spring); Anna Grace Mako of Fidelis (Baytown); and Kyle Knight of Weitzman (Manvel).

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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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