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DevelopmentIndustrialOfficeTexas

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

by Taylor Williams

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.

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DevelopmentIndustrialOklahomaTexas

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

by Taylor Williams

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. 

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AcquisitionsMultifamilySeniors HousingTexas

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

by Taylor Williams

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.

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AcquisitionsRetailTexas

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

by Taylor Williams

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.

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Northwest-Spur-Industrial-Park-Houston
AcquisitionsIndustrialTexas

JLL Negotiates Sale of 1 MSF Industrial Park in Northwest Houston

by Taylor Williams

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.

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AcquisitionsMultifamilyTexas

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

by Taylor Williams

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.

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AcquisitionsRetailTexas

Prudent Growth Acquires 28,850 SF Retail Center in Rowlett, Texas

by Taylor Williams

ROWLETT, TEXAS — North Carolina-based investment firm Prudent Growth Partners has acquired Scenic Square, a 28,850-square-foot retail center in Rowlett, approximately 20 miles northeast of Dallas. The sales price was $7.4 million. The center was fully leased at the time of sale to tenants including Baylor Scott & White Outpatient Rehabilitation, HealthPro Pharmacy & Wellness Center, Eagle Food Beer & Wine, Wanda’s Studio and The Track Grill and Bar. The seller was not disclosed.

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Leasing ActivityOfficeTexas

WeWork to Expand Plano Coworking Space by 26,888 SF

by Taylor Williams

PLANO, TEXAS — WeWork will expand its coworking space in Plano by 26,888 square feet. Upon opening in the coming weeks, the space will span 53,776 square feet across two floors within Legacy Town Center, located at 6900 N. Dallas Parkway. In addition to the coworking lounge, the space also offers collaborative meeting rooms and turnkey private offices. California-based KBS owns Legacy Town Center.

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DevelopmentIndustrialTexas

Constellation Breaks Ground on 492,624 SF Industrial Project in South Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Constellation Real Estate Partners has broken ground on a 492,624-square-foot industrial project in South Fort Worth. The site at 5933 South Freeway spans 44 acres, and the project, which will be known as Constellation Summit 35, will feature 40-foot clear heights and parking for 296 cars and 194 trailers. Constellation has tapped KBC Advisors as the leasing agent. Construction is expected to be complete in the third quarter of next year.

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Affordable HousingDevelopmentMultifamilySeniors HousingTexas

Partnership to Develop 90-Unit Affordable Seniors Housing Project in Houston

by Taylor Williams

HOUSTON — A partnership between The NHP Foundation, Trinity East Village Community Development Corp. and Housing Alliance HTX, will develop an affordable seniors housing project in Houston. Trinity East Senior Village, the property will comprise 90 units for residents age 55 and older in the city’s Third Ward neighborhood. Construction is scheduled to begin this summer, with the opening scheduled for 2027. NRP Construction will serve as the general contractor for the project.

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