Texas

IPA Negotiates Sale of 201-Unit Apartment Complex Near Downtown Dallas

by Taylor Williams July 6, 2026

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Sylvan Thirty, a 201-unit apartment complex located just west of downtown Dallas. Built in 2015, Sylvan Thirty offers one-, two- and three-bedroom units and amenities such as a pool, rooftop terrace, game room, business center, fitness center and outdoor grilling and dining stations. Joey Tumminello, Taylor Hill, Michael Ware, Drew Kile and Shelby Vosburg of IPA represented the undisclosed seller in the transaction and procured the buyer, California-based Archway Equities. Brian Eisendrath, Cameron Chalfant, Harry Krieger and Jake Vitta, also with IPA, arranged an undisclosed amount of acquisition financing for the deal through BrightSpire Capital.

July 6, 2026

Development Office Texas

Partnership Underway on $12M Renovation of Dallas Office Campus

by Taylor Williams July 6, 2026

DALLAS — A partnership between Chicago-based Glenstar and New York City-based Affinius Capital is underway on the $12 million renovation of Energy Square, a five-building office campus located in the University Park area of Dallas. Designed by Gensler, the latest capital improvement program will involve the build-out of speculative suites and new conference rooms on the third floor of Energy Square Building II, as well as full-floor build-outs of tenant-ready spaces on multiple floors throughout that building. The partnership will also introduce a ground-level tenant lounge at Energy Square Building III that will be anchored by a café and bar concept. JLL is the leasing agent for the campus.

July 6, 2026

Retail Texas

DIG Arranges Recapitalization of 117,594 SF Shopping Center in Plano

by Taylor Williams July 6, 2026

PLANO, TEXAS — Local brokerage firm Disney Investment Group (DIG) has arranged the recapitalization of Custer Park, a 117,594-square-foot shopping center in Plano. Specific details on new debt and/or equity components within the center’s capital stack were not disclosed, but the owner, Dallas-based Kobalt Investment Co., is partnering with Fort Worth-based MCP Ventures to complete a full renovation of the center. Custer Park is currently home to 35 tenants, including Athletico, Subway, H&R Block and First Watch. David Disney and Adam Crockett led the transaction for DIG.

July 6, 2026

Leasing Activity Restaurant Retail Texas

Three Tenants Sign Leases at Shops at Starwood in Frisco

by Taylor Williams July 6, 2026

FRISCO, TEXAS — Three tenants have signed leases totaling 5,944 square feet at The Shops at Starwood, a 90,667-square-foot retail center located north of Dallas in Frisco. The tenants are Stackz Smashburgers & Cocktails (2,500 square feet), 33 Peaks Café (1,174 square feet) and Mr. Winston’s Barbershop (1,730 square feet). Houston-based Whitestone REIT owns The Shops at Starwood. All openings are slated for 2026.

July 6, 2026

Development Industrial Office Texas

Foundry Commercial to Undertake Office-to-Industrial Conversion in Dallas

by Taylor Williams July 2, 2026

DALLAS — Foundry Commercial, an Orlando-based development and brokerage firm, will undertake an office-to-industrial conversion project in Dallas. The address of the office building was not announced, but the new industrial facility will total approximately 126,000 square feet and will be known as Villa Creek. The building will feature 32-foot clear heights, 28 dock-high doors and two drive-in doors. Construction is scheduled to begin this summer and to last about a year. Villa Creek will be Foundry’s 12th office-to-industrial conversion nationally and seventh in the Dallas-Fort Worth metroplex.

July 2, 2026

Development Industrial Oklahoma Texas

Quantum Space Begins Redevelopment of Historic Aerospace Building in Tulsa, Oklahoma

by Taylor Williams July 2, 2026

TULSA, OKLA. — Spacecraft company Quantum Space has begun redeveloping the Spartan Building, a historic aerospace property in Tulsa, for conversion into a spacecraft manufacturing facility. The facility will span between 25,000 and 40,000 square feet and will be equipped for assembly and fabrication, non-destructive testing and pressure testing of large propulsion tank manufacturing and precision spacecraft parts production. Quantum Space will occupy a move-in-ready temporary facility beginning in 2026 until renovations are complete, which is tentatively slated for the first quarter of 2027.

July 2, 2026

Acquisitions Multifamily Seniors Housing Texas

LifeCare Sells 115-Unit Seniors Housing Property in Tyler, Texas

by Taylor Williams July 2, 2026

TYLER, TEXAS — LifeCare has sold The Blake at Tyler, a 115-unit seniors housing property located about 100 miles east of Dallas. The Blake at Tyler opened in 2024 and houses 72 independent living unit and 43 memory care residences. Amenities include a salon, chapel, theater, physical therapy clinic, multiple dining venues and courtyards. The name of the buyer, a publicly traded REIT, as well as the sales price, were not disclosed. Blake Management Group will continue to operate the property.

July 2, 2026

Acquisitions Retail Texas

JLL Brokers Sale of 29,986 SF Retail Strip Center in Katy, Texas

by Taylor Williams July 2, 2026

KATY, TEXAS — JLL has brokered the sale of Firethorne Plaza, a 29,986-square-foot retail strip center in the western Houston suburb of Katy. Located at the entrance to the Firethorne master-planned community, the center was fully leased at the time of sale to tenants such as Edward Jones, Pizza Hut, Tide Cleaners and Eye Level Learning. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was Cincinnati-based shopping center REIT Phillips Edison & Co.

July 2, 2026

Acquisitions Industrial Texas

JLL Negotiates Sale of 1 MSF Industrial Park in Northwest Houston

by Taylor Williams July 1, 2026

HOUSTON — JLL has negotiated the sale of a six-building, 1 million-square-foot industrial park in northwest Houston. Northwest Spur Industrial Park spans 43.5 acres and houses shallow-bay buildings that were constructed in 1980. Building features include 18- to 24-foot clear heights, 216 dock doors, 24 ramps, 587 car parking spaces and recently updated roofing systems across all buildings. Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the undisclosed seller in the transaction. The buyer was High Street Logistics Properties. Northwest Spur Industrial Park was fully leased to 14 tenants at the time of sale.

July 1, 2026

Acquisitions Multifamily Texas

Newmark Arranges Sale of 586-Unit Multifamily Portfolio in Haltom City, Texas

by Taylor Williams July 1, 2026

HALTOM CITY, TEXAS — Newmark has arranged the sale of a portfolio of two multifamily properties totaling 586 units in Haltom City, a northern suburb of Fort Worth. Hidden Lakes and The Ranch at Fossil Creek total 312 and 274 units, respectively. Both properties offer one-, two- and three-bedroom floor plans and amenities such as pools, fitness centers, clubhouses, business and coworking spaces, sports courts and outdoor recreation areas. Richard Furr, Brian O’Boyle Jr. and Brian Murphy of Newmark represented the seller, Exponential Property Group, in the transaction. The buyer was Mox Living. Braden Harmon, Hank Glasgow and Jeff Fein, also with Newmark, arranged acquisition financing for the deal.

July 1, 2026

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