Friday, June 26, 2026
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Lakeview-at-Westpark-Richmond
LoansMultifamilyTexas

MMCC Arranges $54M HUD-Insured Loan for Refinancing of Metro Houston Apartment Community

by Taylor Williams

RICHMOND, TEXAS — Marcus & Millichap Capital Corp. (MMCC) has arranged a $54 million HUD-insured loan for the refinancing of Lakeview at Westpark, a 298-unit apartment community in Richmond, located southwest of Houston in Fort Bend County. Built in 2021, Lakeview at Westpark offers one-, two- and three-bedroom units and amenities such as a pool with a tanning deck, fitness center with yoga and spin studios, outdoor kitchen and lounge, resident game room and a dog park. Brandon Brown of MMCC arranged the loan, which carried a fixed interest rate of 5.3 percent and a 35-year amortization schedule, through KeyBank on behalf of the borrower, Texas-based Rockstar Capital.

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AcquisitionsIndustrialSelf-StorageTexas

JLL Negotiates Sale of 669-Unit Self-Storage Portfolio in Arlington

by Taylor Williams

ARLINGTON, TEXAS — JLL has negotiated the sale of a portfolio of three self-storage facilities totaling 669 units in Arlington. The facilities at 3016 S. Cooper St., 2331 S. Collins St. and 2306 N. Collins St. were all built in the 1970s and collectively span 80,216 net rentable square feet. Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL represented the seller, an undisclosed, publicly traded storage REIT, in the transaction. BreakChain Capital Investments purchased the portfolio for an undisclosed price.

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DevelopmentIndustrialSelf-StorageTexas

Newcor Completes 617-Unit Self-Storage Facility in Tomball, Texas

by Taylor Williams

TOMBALL, TEXAS — Locally based firm Newcor Commercial Real Estate has completed a 617-unit self-storage facility in Tomball, located northeast of Houston. The facility sits on a 5.1-acre site at 11110 Hufsmith Road and spans 87,970 net rentable square feet across 510 climate-controlled units, 93 non-climate-controlled units and 14 dedicated boat and RV storage spaces. RightMove Storage will operate the facility. A ribbon-cutting ceremony took place on Wednesday, June 17, and a larger opening celebration is planned for the fall.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 46,822 SF Retail Center in Irving

by Taylor Williams

IRVING, TEXAS — Marcus & Millichap has brokered the sale of Market Square, a 46,822-square-foot retail center in Irving’s Las Colinas district. Market Square was built in 1984 and houses a mix of service-oriented tenants under triple-net agreements. Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.

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Imperial-Crossing-Houston
DevelopmentIndustrialTexas

Transwestern Completes 321,104 SF Industrial Project in North Houston

by Taylor Williams

HOUSTON — Transwestern has completed Imperial Crossing, a two-building, 321,104-square-foot industrial project located at the intersection of Richey Road and Imperial Valley Drive in North Houston. Building 1 totals 242,603 square feet and features a cross-dock configuration and 36-foot clear heights. Building 2 spans 78,501 square feet and has a front-load design and 32-foot clear heights. Both buildings can accommodate tenants with full-building requirements or spaces as small as 35,000 square feet. Transwestern is also the leasing agent for Imperial Crossing.

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AcquisitionsDevelopmentMultifamilyTexas

PCC Acquires 252-Unit Multifamily Complex in San Antonio, Plans Capital Improvements

by Taylor Williams

NEW BRAUNFELS, TEXAS — Metro Denver-based investment firm Platte Canyon Capital (PCC) has acquired Northwood Apartments, a 252-unit multifamily complex located northeast of San Antonio in New Braunfels. Northwood Apartments was built in phases between 1998 and 2017 and offers one- and two-bedroom units. PCC plans to update and renovate amenity spaces, including the pool, fitness center, parking areas and clubhouse, as well as building exteriors. The property was 70 percent occupied at time of sale. The undisclosed seller was the property’s original developer.

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Leasing ActivityOfficeTexas

Cushman & Wakefield Negotiates 172,089 SF Office Lease in Irving

by Taylor Williams

IRVING, TEXAS — Cushman & Wakefield has negotiated a 172,089-square-foot office lease in Irving’s Las Colinas district. The new tenant, religious nonprofit organization Mercury One, will occupy the entirety of the building at 6655 N. MacArthur Blvd., which was developed in 1997. Matt Schendle and Mary Frances Burnette of Cushman & Wakefield represented the owner, Orion Properties, in the lease negotiations. Steve Wentz, also with Cushman & Wakefield, represented the tenant.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 13,611 SF Retail Strip Center in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — Marcus & Millichap has brokered the sale of Centerpoint Plaza, a 13,611-square-foot retail strip center in San Marcos, located roughly midway between Austin and San Antonio. The center was fully leased at the time of sale, with a freestanding Starbucks serving as the anchor tenant. Coleman Solomon, Joseph Blanga and Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which were local private investors that requested anonymity, in the transaction.

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Alliance-Westport-16-Fort-Worth
DevelopmentIndustrialTexas

Hillwood Breaks Ground on 1.2 MSF Spec Industrial Project at AllianceTexas in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Hillwood has broken ground on a 1.2 million-square-foot speculative industrial project within the local developer’s AllianceTexas master-planned community in North Fort Worth. Alliance Westport 16 will feature 40-foot clear heights and 276 trailer parking spaces (expandable to 504 total onsite spaces), and the site can also potentially support a tri-load configuration and 190-foot truck court depths. GSR Andrade is the project architect, and Westwood is the civil engineer. Fifth Third Bank is financing construction, which is slated for a summer 2027 completion.

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The-Legacy-San-Antonio
AcquisitionsLoansRetailTexas

CBRE Arranges Acquisition Financing for 353,000 SF Retail Property in San Antonio

by Taylor Williams

SAN ANTONIO — CBRE has arranged an undisclosed amount of acquisition financing for The Legacy, a 353,000-square-foot retail property in San Antonio. Built on 32 acres in 2006, The Legacy is home to tenants such as Main Event Entertainment, Best Buy and Buffalo Wild Wings. John Fenoglio and Brock Hudson of CBRE arranged the financing on behalf of the owner, a partnership between San Diego-based Rio Capital Investments and Triangle Capital Group. The direct lender was not disclosed. Barry Brown, Whitney Snell and Shea Petrick of JLL represented the seller, Santikos Real Estate Services, in the disposition.

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