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CivicDevelopmentTexas

Skanska Completes 250,000 SF Academic Project at University of Texas at Tyler

by Taylor Williams

TYLER, TEXAS — International development and construction company Skanska has completed a 250,000-square-foot academic project in Tyler, about 100 miles east of Dallas. The five-story building is the new medical school for the University of Texas at Tyler and houses classrooms and advanced teaching laboratories, as well as spaces for both collaborative and hands-on training. The project also includes a seven-story parking garage with an integrated facilities office and a skybridge connecting the new medical school to the existing hospital. HGR General Contractors handled construction of the project.

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DevelopmentHospitalityTexas

PEG Cos. Nears Completion of 220-Room Dual‑Branded Hotel in Irving’s Las Colinas District

by Taylor Williams

IRVING, TEXAS — PEG Cos., a Utah-based developer, is nearing completion of a 220-room dual-branded hotel in Irving’s Las Colinas district. The five-story building houses rooms under the Residence Inn and Courtyard by Marriott brands and offers shared amenities such as a pool, fitness center, 24-hour market, custom bistro and bar and three private meeting spaces. Mayse & Associates designed the property, and Muckleroy & Falls served as the general contractor. The opening is set for July.

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Leasing ActivityOfficeTexas

JLL Negotiates 75,000 SF Office Lease at APEX at Legacy in Plano

by Taylor Williams

PLANO, TEXAS — JLL has negotiated a 75,000-square-foot office lease at APEX at Legacy, a 220,000-square-foot building located at the intersection of Dallas North Tollway and Sam Rayburn tollways in Plano. The deal with the tenant, cloud-based educational software company PowerSchool, brings APEX at Legacy to 97 percent occupancy. Blake Shipley, Gini Rounsaville and Michael Williams of JLL represented the undisclosed landlord in the lease negotiations. Stephen Salomon, Will Haynes and Jad Charif of CBRE represented the tenant.

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IndustrialLeasing ActivityTexas

Century Fire Protection Signs 25,798 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Century Fire Protection, which provides fire extinguishers, alarms and sprinkler systems, has signed a 25,798-square-foot industrial lease in the central metroplex city of Grand Prairie. According to LoopNet Inc., the building at 1111 W. Carrier Parkway was constructed in 1984 and totals 65,203 square feet. Brad Balke of KBC Advisors represented the tenant in the lease negotiations. Canon Shoults, Maddy Coffman and Walker Floyd of Holt Lunsford Commercial represented the landlord, Sealy & Co.

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DevelopmentMultifamilyTexas

Rosewood Property Co. Begins Leasing 338-Unit Apartment Community in Plano

by Taylor Williams

PLANO, TEXAS — Dallas-based Rosewood Property Co. has begun leasing The Buckley, a 338-unit apartment community in Plano. The Buckley is the sister property of The Ludlow, both of which are located within the 156-acre Heritage Creekside master-planned development. The Buckley feature studio, one-, two- and three-bedroom apartments and amenities such as a pool, multiple lounge areas, a club and card room, fitness center, coworking areas and a dog park. MetLife Investment Management was the equity partner for the project, and Broadway Bank provided construction financing. Provident General Contractors constructed the property, which was designed by Hensley, Lamkin, Rachel Inc. Rents start at $1,700 per month for a studio apartment.

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IndustrialLeasing ActivityTexas

Arvato USA Signs 269,600 SF Industrial Lease in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Arvato USA has signed a 269,600-square-foot industrial lease in the North Texas city of Denton. The Germany-based third-party logistics provider will occupy the entirety of Denton Logistics Center, a newly constructed building that features 32-foot clear heights. James Ewing with Colliers represented the tenant in the lease negotiations. Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Brookfield Properties.

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AcquisitionsMultifamilySeniors HousingTexas

Berkadia Brokers Sale of 186-Unit Seniors Housing Property Near Houston

by Taylor Williams

LEAGUE CITY, TEXAS — Berkadia has brokered the sale of Grand Living at Tuscan Lakes, a 186-unit seniors housing property in League City, about 30 miles southeast of Houston. Opened in 2023, the property offers independent living, assisted living and memory care residences. Amenities include a pool, theater, spa, fitness center, library and a lounge. Town Land and Arcole Partners acquired the property from Bow River Capital and Ryan Cos. Ross Sanders, Dave Fasano, Cody Tremper and Mike Garbers of Berkadia brokered the deal.

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Leasing ActivityOfficeTexas

Creative Action to Open 25,000 SF Headquarters in Austin’s Mueller District

by Taylor Williams

AUSTIN, TEXAS — Creative Action, a youth arts education organization, will open a 25,000-square-foot headquarters at Mueller, a 700-acre mixed-use district in North Austin that is a redevelopment of a former municipal airport. The space will be housed across two levels within a two-story building and will include 15,000 square feet for performing arts and communal gathering functions. The other 10,000 square feet will house programming and administrative space.

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Company NewsTexas

Reports: Samsung to Relocate U.S. Headquarters from New Jersey to Plano

by Taylor Williams

PLANO, TEXAS — Samsung will relocate its U.S. headquarters from Englewood Cliffs, New Jersey, to Plano, according to reports from multiple publications, including The Dallas Morning News and The New York Post. According to the latter publication, the move comes less than a year after the Korean electronics giant debuted its new headquarters facility in the Bergen County community, though Samsung has not said whether it will completely abandon that facility. And according to local news outlet KDFW, which also reported that the relocation is expected to occur before the end of the year, the move represents a strategic effort by Samsung to concentrate its U.S. operations in Texas. Samsung operates a $17 billion semiconductor manufacturing plant in Taylor, a northern suburb of Austin.

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IndustrialLeasing ActivityTexas

Nestle USA Signs 524,252 SF Industrial Lease Renewal in North Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Nestle USA has signed a 524,252-square-foot industrial lease renewal in North Fort Worth. The U.S. affiliate of the Swiss foodmaker will continue its operations at its namesake distribution facility at 13600 Independence Parkway for an unspecified term. David Eseke with Cushman & Wakefield represented the tenant in the lease negotiations. Matt Carthey of Holt Lunsford Commercial represented the landlord, Clarion Partners.

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