HOUSTON — Nashville-based developer Southern Land Co. has broken ground on a 953,000-square-foot mixed-use project in the River Oaks neighborhood of Houston. The project will consist of a 10-story, 107,000-square-foot building with four floors of office space and 15,000 square feet of retail and restaurant space, as well as a 38-story, 331-unit apartment tower with 18 penthouse suites. Residential amenities will include a rooftop lounge with a pool, a seventh-floor garden deck that connects the buildings, a residential spa, guest suites and a fitness center that will be available to both residents and office users. Andres Construction is the general contractor for the project, which is expected to be complete in 2028.
Texas
SAN ANTONIO — Local developer Weston Urban has completed The Continental Residences, a 290-unit multifamily project in downtown San Antonio. Designed by BKV Group and built by Rogers-O’Brien Construction, the 16-story building features studio, one- and two-bedroom apartments, as well as two-story townhomes. A sixth-floor amenity suite is home to a clubroom, coworking space, an indoor-outdoor fitness center and an outdoor pool deck with lounge areas and an outdoor kitchen. Residents also have access to a rooftop lounge. Kairoi Residential is the property manager. Rents start at $1,700 per month for a studio apartment.
VON ORMY, TEXAS — A partnership between Valrock, a newly launched industrial investment firm, and Austin-based Evergen Equity has acquired a 194,255-square-foot building in Von Ormy, a southwestern suburb of San Antonio. The building at 10600 Fischer Road was fully leased at the time of sale to packaging company Smurfit Westrock. Andrew Price and Braeden Bernstein of CBRE represented the seller, an undisclosed private investor, in the transaction.
ARLINGTON, TEXAS — Local brokerage firm Highland Properties has negotiated a 25,000-square-foot industrial lease renewal in Arlington. The tenant is Texas Almet, a manufacturer of advanced honeycomb core components for military and commercial aircraft, and the space is located at 2800 E. Randoll Mill Road. Scott Voelkel and Cullen Dickey of Highland Properties represented the tenant in the lease negotiations. Ishash Shrestha of Avangard Real Estate represented the undisclosed landlord.
SAN MARCOS, TEXAS — Charleston, S.C.-based Woodfield Development has begun leasing Strait & Nelson, a 360-unit apartment community in San Marcos, located roughly midway between Austin and San Antonio. Strait & Nelson offers one-, two-, and three-bedroom units that range in size from 719 to 1,387 square feet. Residences feature stainless steel appliances, quartz countertops and wood-style vinyl flooring. Amenities include a pool, clubroom with an entertainment kitchen, fitness center with dedicated yoga space, coworking lounge with private offices and conference rooms, pickleball and sand volleyball courts, a gaming lounge, private dining room and two dog parks. Dwell Design Studio was the project architect, and ChalkLine General Contractors handled construction. Rents start at roughly $1,300 per month for a one-bedroom apartment.
HOUSTON — JLL has negotiated the sale of 5300 Memorial Drive, a 153,671-square-foot office building in West Houston. The building was most recently renovated in 2019 and was 90 percent leased at the time of sale. Marty Hogan and Kevin McConn of JLL represented the seller, an affiliate of Equus Capital Partners, in the transaction and procured the buyer, CAMCO Investment Group. John Ream, also with JLL, arranged an undisclosed amount of acquisition financing for the deal through Cornerstone Capital Bank.
SAN ANTONIO — Atlanta-based hospitality brokerage firm Hunter Advisors has arranged the sale of the 141-room Aloft San Antonio Airport Hotel. The Marriott-branded, select-service hotel was built in 2009 and offers amenities such as a pool, business center, fitness center, conference facilities and airport shuttle service. The buyer was an entity doing business as Armada Investments LP, and the seller was undisclosed. Kami Burnette and Mason McDavid of Hunter Advisors brokered the deal.
ARLINGTON, TEXAS — Hightech Grafix has signed an industrial lease expansion and extension in Arlington. The provider of screen printing services now occupies 18,000 square feet within North Commercial Industrial Park, a newly renovated development. Jeff Jackson of NAI Robert Lynn represented the tenant in the lease negotiations. Todd Lambeth and Cade Navarro of Bradford Commercial Real Estate Services represented the undisclosed landlord.
RICHARDSON, TEXAS — A joint venture between High Street Residential, a subsidiary of Trammell Crow Co., and Tokyu Land Corp. has broken ground on a 281-unit multifamily project in the northeastern Dallas suburb of Richardson. The site is located at 110 E. Polk St. in the downtown area, and the complex will feature studio, one- and two-bedroom units that will range in size from 590 to 1,340 square feet. Amenities will include a pool, clubroom, coworking areas, grilling stations, a fitness center, dog wash station and a package room. WDG Architects designed the project, and Andres Construction is serving as the general contractor. Completion is slated for the fourth quarter of 2027.
DALLAS — Balfour Beatty has signed a 35,139-square-foot office lease in the Victory Park area of Dallas. The construction and infrastructure development company is taking space at One Victory Park, a 20-story, 435,606-square-foot building. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, New York City-based investment firm Clarion Partners, in the lease negotiations. Andrew Cheney of Lee & Associates, along with Phil Puckett and Harlan Davis of CBRE, represented Balfour Beatty.
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