Texas

3400-E.-Catherine-Court-Northlake

NORTHLAKE, TEXAS — Colliers has negotiated a 1 million-square-foot industrial lease in Northlake, located north of Fort Worth. The tenant is DSV Contract Logistics, and the deal is for the entirety of Building 1 within Northlake 35 Logistics Park. Completed in 2023, the building features 40-foot clear heights, 84 dock-high doors, 7,978 square feet of office space and an ESFR sprinkler system. Ward Richmond, Cole Hooper, James Ewing, Keller Strauss and Amanda Richards of Colliers represented DSV in its site selection and lease negotiations. Nathan Lawrence and Krista Raymond of KBC Advisors represented the landlord, a partnership between Texas Commercial Development and Clarion Partners.

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KATY, TEXAS — Local owner-operator NewQuest has inked a trio of ground leases at Texas Heritage Marketplace, the local owner-operator’s $400 million mixed-use development in the western Houston suburb of Katy. The deals are with Olive Garden (7,825 square feet), Chase Bank (3,443 square feet) and Whataburger (3,305 square feet). David Meyers and Bob Conwell internally represented NewQuest in all lease negotiations. Traci Holman of Baker Katz represented Olive Garden. Scott Gardner of Main Street Commercial represented Whataburger, and  James Namken and Kyle Knight of Weitzman represented Chase Bank.

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LEWISVILLE, TEXAS — Baymark Health Services has signed a 30,388-square-foot office lease renewal in Lewisville, a northern suburb of Dallas. The provider of treatments for substance abuse disorders will remain a tenant at Corporate Pointe, a two-building development that is now 90 percent leased. Michael Bowles of Avison Young represented the landlord, an entity doing business as GL Corporate Pointe LP, in the lease negotiations. Jeff Eiting of Site Selection Group represented Baymark Health.

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HOUSTON — Local brokerage firm Oxford Partners has negotiated a 21,806-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 13719 FM 529 features 28-foot clear heights and 4,275 square feet of office space. Chase McAteer of Oxford Partners represented the tenant, 3C Metal USA Inc., in the lease negotiations. Barrett Gibson and David McMahon of Colliers represented the landlord, AKD Properties Inc.

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Freemont-Frisco-Apartments

FRISCO, TEXAS — Miami-based lender BridgeInvest has provided a $57 million construction loan for Freemont Frisco Apartments, a 313-unit multifamily project that will be located on the northern outskirts of Dallas. Freemont Frisco will offer studio, one-, two- and three-bedroom units and will include an affordable housing component. Amenities will include a pool, clubhouse, fitness center and multiple courtyards. The sponsor is a partnership between Stryker Properties and Griffon Capital Management, and 25 Capital Partners is also a preferred equity investor in Frisco Freemont. BBL Building Co. is the general contractor for the project, construction of which is scheduled to be complete in mid-2028. Dallas-based Humphreys & Partners Architects is the project architect.

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ODESSA, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 578-unit facility in the West Texas city of Odessa. The facility, which is operated under the Lone Star Storage brand, comprises 70,210 net rentable square feet of space across 389 non-climate-controlled units and 189 climate-controlled units. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Texas Lone Star Storage Centers Ltd., in the transaction. The team also procured the buyer, a joint venture between AVAD Capital and Etude Capital.

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LEWISVILLE, TEXAS — Prime Controls has signed a 49,715-square-foot office lease in Lewisville, a northern suburb of Dallas. The supplier of industrial equipment is taking space within Corporate Pointe, a two-building development that is now 90 percent leased. Michael Bowles of Avison Young represented the landlord, an entity doing business as GL Corporate Pointe LP, in the lease negotiations. Eric Crutchfield of Stream Realty Partners represented Prime Controls.

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FRISCO, TEXAS — Sportswear retailer TYLER’S will open a 16,653-square-foot store at Firefly Park, a 217-acre mixed-use development in Frisco. The space spans the ground floor of Aurora, an 18-story apartment building that is part of the development’s initial phase of construction. TYLER’S plans to open in fall 2027 in conjunction with other elements of Firefly Park. Kobalt Investment Co. represented the owner of Firefly Park, Wilks Development, in the lease negotiations.

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The-Junction-Cottages-&-Townhomes-College-Station

COLLEGE STATION, TEXAS — A partnership between Landmark Properties, a Georgia-based student housing owner-operator, and San Francisco-based investment firm Stockbridge has acquired an 801-bed property in College Station. The Junction Cottages & Townhomes was built on 22 acres in 2016 and offers 186 units across three- and five-bedroom standalone cottages, as well as three-, four- and five-bedroom duplex townhomes. The average unit size is 1,700 square feet. Amenities include a clubhouse with office space, pool with a swim-up bar, outdoor grilling and dining stations, social gaming lounge and a fitness center. CBRE brokered the deal. The seller and sales price were not disclosed.

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IMT-Prestonwood-Dallas

DALLAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of IMT Prestonwood, a 438-unit apartment community in North Dallas. Built in 2018 just off the Dallas North Tollway, the property offers one- and two-bedroom units with an average size of 815 square feet. Amenities include two pools with cabanas, a clubhouse, sports lounge and outdoor entertainment spaces. Joey Tumminello, Drew Kile, Michael Ware, Taylor Hill, Shelby Vosburg and Jack Windham of IPA represented the seller, IMT Capital, in the transaction. The team also procured the undisclosed buyer, which has rebranded the property as Windsor Addison Apartments.

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