NEW BRAUNFELS, TEXAS — Houston-based development and brokerage firm NewQuest is underway on construction of a 100,000-square-foot retail expansion project in New Braunfels, a northeastern suburb of San Antonio. The expansion of New Braunfels Town Center at Creekside, which is part of the 400-acre Creekside Town Center master-planned development, involves construction of new single-tenant buildings for EöS Fitness, Chick-fil-A, Portillo’s and Chase Bank. The project will also feature a roughly 10,000-square-foot multi-tenant building that is fully preleased to Chipotle Mexican Grill, CAVA, Potbelly, Blo Dry Bar and Menchie’s Frozen Yogurt. A tentative completion date was not announced.
Texas
SAN ANTONIO — A joint venture between two retail owner-operators, Houston-based Fifth Corner and San Antonio-based Headwall Investments, has acquired a 53,000-square-foot office and retail building in San Antonio’s Alamo Heights submarket. According to LoopNet Inc., the property at 5108 Broadway St., which is known as Stewart Center, was built on 2.1 acres in 1957. The seller and sales price were not disclosed.
FRISCO, TEXAS — Three new tenants — restaurant Frenchie, Woodhouse Spa and Second Rodeo Brewing — have signed leases at Firefly Park, a 217-acre mixed-use development in Frisco. The deals bring the occupancy rate of the first phase of retail development, which will be anchored by sportswear retailer TYLER’S, to 41 percent. All three openings are slated for fall 2027. Wilks Development owns Firefly Park.
FRIENDSWOOD, TEXAS — Activate, an entertainment concept centered on interactive games, will open a 12,000-square-foot venue at Baybrook Mall in Friendswood, a southwestern suburb of Houston. The venue is Activate’s third in the Houston area. Eric Lestin and Michael Burgower of Cushman & Wakefield represented Activate in the lease negotiations. Bruce Wallace of Jolink Wallace represented the landlord, Ashita Investments.
MANSFIELD, TEXAS — Super Studios USA will open a film production and mixed-use campus in Mansfield, a southern suburb of Fort Worth, according to reports from multiple news outlets, including MSN and the Dallas Business Journal. Both publications report that the project is valued at roughly $750 million, with construction of a $50 million first phase set to begin in late summer or early fall. MSN also reports that the campus will ultimately span 75 acres and will feature residential, hospitality, retail and restaurant components in addition to film production space. Lastly, both MSN and the Fort Worth Star-Telegram report that the film production component will include four 18,000-square-foot sound stages with 42,000 square feet of attached offices with post-production and data center suites.
IRVING, TEXAS— A partnership between 3H Group Inc. and Dallas Lodging Associates LLC has received an undisclosed amount of financing for the renovation of the 337-roomRenaissance Dallas North Hotel in Irving. The 12-story hotel sits on a 7.5-acre site at 1590 Lyndon B Johnson Freeway in the Las Colinas district and includes 25 suites, as well as 22,670 square feet of meeting and event space and three onsite food-and-beverage options. Jillian Mariutti, Adrienne Andrews and Pierce Rutledge of JLL arranged the five-year, floating-rate loan through Western Alliance Bank on behalf of ownership.
HOUSTON — Local owner-operator MetroNational has purchased M-K-T Heights, a 218,000-square-foot office and retail development located just west of downtown Houston. Designed by Michael Hsu Office of Architecture and completed in 2020, M-K-T Heights is an adaptive reuse of several 1970s-era industrial buildings. Today, the property comprises more than 100,000 square feet of creative office space and 100,000 square feet of retail and restaurant space, as well as a pedestrian boardwalk. The seller and sales price were not disclosed. MetroNational acquired the property in a joint venture with Radom Capital and Triten Real Estate Partners, the property’s original developers.
IRVING, TEXAS — SCL ColdChain has signed a 56,925-square-foot in Irving. The provider of refrigerated transit services now occupies 104,846 square feet at the building at 9001 Sterling St. Todd Hubbard of NAI Robert Lynn represented the tenant in the lease negotiations. Canon Shoults and Maddy Coffman of Holt Lunsford Commercial represented the landlord, Brookfield.
FRESNO, TEXAS — Marcus & Millichap has brokered the sale of GuardBox Storage, a 650-unit self-storage facility in Fresno, a southern suburb of Houston. Built on 8.3 acres in 2005, GuardBox Storage comprises 129,493 net rentable square feet across 320 climate-controlled units, 231 non-climate-controlled units, 55 covered parking spaces, 43 uncovered parking spaces and one climatized office space. Dave Knobler, Mixson Staffel, Adam Schlosser and Charles LeClaire of Marcus & Millichap represented the seller, a Texas-based limited liability company, in the transaction. The group also procured the buyer, MyPlace Self Storage.
KEMAH, TEXAS — Newmark has arranged an undisclosed amount of bridge financing for a 360-unit apartment community in Kemah, about 35 miles southeast of Houston. The Kippford at Kemah Crossing was built in 2023 and offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, walk-in closets and individual washers and dryers. Amenities include a pool, fitness center and coworking spaces. David Schwarz of Newmark arranged the debt through Greystar on behalf of the owner, a partnership between Allen Harrison Co. and Carlyle.
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