Texas Archives - REBusinessOnline

Newmark Arranges Recapitalization of 1,546-Unit Seniors Housing Portfolio in Dallas, Houston

Taylor Williams — Mon, 03 Aug 2026 15:17:10 +0000

DALLAS AND HOUSTON — Newmark has arranged the recapitalization of a portfolio of five seniors housing properties totaling 1,546 units that are located throughout the Dallas and Houston areas. The properties include: The Tradition-Clearfork in Fort Worth, The Tradition-Lovers Lane and The Tradition-Prestonwood in Dallas, and The Tradition-Woodway and The Tradition-Buffalo Speedway in Houston. The properties offer independent living, assisted living and memory care services and had a combined occupancy rate of about 96 percent at the time of the recapitalization. Chad Lavender, Ryan Maconachy, Sarah Anderson, Mills Poynor and Ben McElroy of Newmark worked on behalf of the owner, Tradition Senior Living, to secure a joint venture equity investment from Kayne Anderson Real Estate. Newmark also arranged new financing for the portfolio.

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JLL Negotiates Sale of 767,520 SF Industrial Building in Brookshire, Texas

Taylor Williams — Mon, 03 Aug 2026 15:14:25 +0000

BROOKSHIRE, TEXAS — JLL has negotiated the sale of Twinwood Distribution Center III, a 767,520-square-foot industrial building in the western Houston suburb of Brookshire. Built in 2024, the property features 40-foot clear heights, 179 dock-high doors, 185-foot truck court depths and approximately 2,600 square feet of office space. Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the seller, local owner-operator, Clay Development & Construction Inc., in the transaction. The buyer was Bridge Logistics Properties. Twinwood Distribution Center III was fully leased at the time of sale to an undisclosed provider of logistics services.

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DC Partners Tops Out 210-Room Hotel in Fredericksburg, Texas

Taylor Williams — Mon, 03 Aug 2026 15:04:37 +0000

FREDERICKSBURG, TEXAS — Houston-based developer DC Partners has topped out a 210-room hotel in the Central Texas city of Fredericksburg that will be operated under IHG Hotels & Resorts’ Kimpton brand. Designed by Merriman Anderson Architects with interiors by Curioso, the Kimpton Fredericksburg will be located within The Meuse, a 22-acre mixed-use development. The property will feature a full-service restaurant and bar, along with a poolside bar and lounge. Additional amenities will include a 10,000-square-foot outdoor pool and deck, fitness center, café and 18,500 square feet of indoor/outdoor meeting and event space. Construction began last summer. The opening is scheduled for 2027.

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Marcus & Millichap Brokers Sale of 94,532 SF Shopping Center in Wichita Falls, Texas

Taylor Williams — Mon, 03 Aug 2026 14:58:03 +0000

WICHITA FALLS, TEXAS — Marcus & Millichap has brokered the sale of Parker Square Shopping Center, a 94,532-square-foot retail center in Wichita Falls, about 115 miles northwest of Fort Worth. Crunch Fitness anchors the center, which was built in 1955 and was 97 percent leased at the time of sale. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.

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IPA Negotiates Sale of 306-Unit Apartment Community in Red Oak, Texas

Taylor Williams — Fri, 31 Jul 2026 14:27:54 +0000

RED OAK, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of Emerson at Red Oak, a 306-unit apartment community in Red Oak, a southern suburb of Dallas. Built in 2023, the property offers one-, two- and three-bedroom units with an average size of 904 square feet, as well as amenities including a pool, fitness center, picnic and grilling areas, dog park, game room and a business center. Joey Tumminello, Michael Ware, Drew Kile and Taylor Hill of IPA represented the seller, CESM Real Estate, in the transaction and procured the buyer, Professional Equity Management.

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Hanover, TIG Complete 213,425 SF Spec Industrial Project in South Houston

Taylor Williams — Fri, 31 Jul 2026 14:24:04 +0000

HOUSTON — A partnership between local developer Hanover Co. and Transwestern Investment Group (TIG) has completed Kirby 288, a 213,425-square-foot speculative industrial project in South Houston. The development features a cross-dock configuration, 36-foot clear heights and excess trailer storage. Powers Brown designed the project, and Kimley-Horn acted as the civil engineer. Colliers is the leasing agent. Construction began in August 2025.

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JLL Brokers Sale of 113,823 SF Shopping Center in North Dallas

Taylor Williams — Fri, 31 Jul 2026 14:21:00 +0000

DALLAS — JLL has brokered the sale of Pavilion on Lovers Lane, a 113,823-square-foot shopping center in North Dallas. Built in 1986, expanded in 2006 and renovated in 2023, the two-building center was 99 percent leased at the time of sale to tenants such as Eatzi’s, Odelay, Stay Fit Studios and La La Land Café. Barry Brown and Erin Myer of JLL represented the seller, Dallas-based Corrigan Investments, in the transaction. Wally Reid, Kristi Leonard and Luke Rogers, also with JLL, arranged acquisition financing for the deal. The buyer and direct lender were not disclosed.

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Mega Furniture Signs 52,677 SF Retail Lease in Corpus Christi, Texas

Taylor Williams — Fri, 31 Jul 2026 14:16:57 +0000

CORPUS CHRISTI, TEXAS — Mega Furniture has signed a 52,677-square-foot retail lease in Corpus Christi. The building at 4818 S. Padre Island Drive was originally constructed in 1973 and was formerly occupied by Conn’s HomePlus. Lynann Pinkham of local brokerage firm Cravey Real Estate Services represented the undisclosed landlord in the lease negotiations. Asterra Properties represented the tenant.

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Newmark Arranges Sale of 452-Unit Apartment Community in East Fort Worth

Taylor Williams — Thu, 30 Jul 2026 14:57:57 +0000

FORT WORTH, TEXAS — Newmark has arranged the sale of Centreport Lake, a 452-unit apartment community in East Fort Worth. Built on 24 acres in 2008, the property offers one-, two- and three-bedroom apartments with an average unit size of 946 square feet. Amenities include two pools, a dog park, business center and outdoor grilling and dining stations. Richard Furr, Brian Murphy and Brian O’Boyle Jr. of Newmark represented the seller, Marlin Spring US Realty, in the transaction. Henry Stimler and Ricky Warner, also with Newmark, arranged undisclosed amounts of acquisition financing and equity investments on behalf of the buyer, which was also not disclosed.

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Welcome Group Underway on 250,000 SF Industrial Project in Pearland, Texas

Taylor Williams — Thu, 30 Jul 2026 14:50:35 +0000

PEARLAND, TEXAS — Houston-based developer Welcome Group is underway on construction of Lower Kirby Business Park, a 250,000-square-foot industrial project in Pearland, located on the city’s southern outskirts. Spanning 25 acres, the project will comprise four tilt-wall buildings that will range in size from approximately 25,000 to 100,000 square feet. Each building will feature clear heights of up to 34 feet, crane-ready capabilities and flexible office buildouts. KDW is the architect for the project. Preleasing of Phase I is also underway, and completion is targeted for the second quarter of next year.

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Modern Home Concepts Signs 57,361 SF Industrial Lease in Carrollton, Texas

Taylor Williams — Thu, 30 Jul 2026 14:46:46 +0000

CARROLLTON, TEXAS — Modern Home Concepts, a provider of residential flooring products, has signed a 57,361-square-foot industrial lease in the northern Dallas metro of Carrollton. The space is located within Valwood Business Park and includes dedicated truck parking and potential outdoor storage space. Corbin Blount and Adam Graham of Lee & Associates represented the landlord, Link Industrial Properties, in the lease negotiations. Christian Moore of Mercer Co. represented the tenant.

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Partnership Nears Completion of 35,000 SF Retail Redevelopment Project in Houston

Taylor Williams — Thu, 30 Jul 2026 14:43:07 +0000

HOUSTON — A partnership between two local owner-operators, MetroNational and Radom Capital, is nearing completion of Greenside, a 35,000-square-foot retail redevelopment project in Houston’s Memorial City district. Designed by Michael Hsu Office of Architecture, Greenside is an adaptive reuse of three warehouse buildings, includes open green space and is expected to be fully complete later this year. The partnership has also signed leases with five new tenants: Merit Coffee, Tifa Chocolate & Gelato, Epic Cycles, Swish Dental and Original ChopShop.

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StreetLights Residential Underway on 22-Story Apartment Building in Plano

Taylor Williams — Wed, 29 Jul 2026 15:15:14 +0000

PLANO, TEXAS — StreetLights Residential is underway on construction of a 22-story apartment building at 6501 Legacy Drive in Plano. The site spans 2.7 acres within the former J.C. Penney headquarters campus, and the development will have 261 one-, two- and three-bedroom units that will range in size from 682 to 2,843 square feet. The development will also feature several three-bedroom townhomes with an average size of about 3,300 square feet. Amenities will include a three-tiered pool with private cabanas, sky lounge, golf simulator, library, fitness center and a pet park. Construction began in June and is expected to be complete in early 2029.

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Shorenstein Investment Advisers Acquires 273,000 SF Office Property in Plano

Taylor Williams — Wed, 29 Jul 2026 15:10:31 +0000

PLANO, TEXAS — San Francisco-based Shorenstein Investment Advisers has acquired The Tennyson, a 273,000-square-foot office property located northeast of Dallas in Plano. The two-building, 12-acre complex, which is located within the city’s Legacy submarket, was originally developed in 2012 as a build-to-suit for Swedish telecommunications company Ericsson. The Tennyson was also recently renovated and was fully leased at the time of sale. The seller and sales price were not disclosed.

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Marcus & Millichap Brokers Sale of 124,000 SF Healthcare Property in Houston

Taylor Williams — Wed, 29 Jul 2026 15:03:58 +0000

HOUSTON — Marcus & Millichap has brokered the sale of a 124,000-square-foot healthcare property in the Spring Branch area of Houston. Originally constructed on a 4.3-acre site at 1615 Hillendahl Blvd. in 1965, the property formerly served as a 198-unit skilled nursing facility. Rod Llanos of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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Matthews Negotiates Sale of 23,957 SF Retail Building in Bridgeport, Texas

Taylor Williams — Wed, 29 Jul 2026 15:02:42 +0000

BRIDGEPORT, TEXAS — Nashville-based brokerage firm Matthews has negotiated the sale of a 23,957-square-foot retail building, in Bridgeport, located northwest of Fort Worth. Tractor Supply Co. occupies the recently constructed building under a 15-year lease. Chad Kurz of Matthews represented the seller in the transaction, while Kevin McKenna, also with Matthews, represented the buyer, a California-based investor completing a 1031 exchange.

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Trademark, Harrison Street to Break Ground on $135M Anthem Redevelopment in Arlington, Texas

Kristin Harlow — Wed, 29 Jul 2026 12:00:00 +0000

ARLINGTON, TEXAS — A joint venture between Trademark Property Co. and Harrison Street Asset Management is scheduled to break ground Monday, Aug. 3 on Anthem, a $135 million redevelopment of the 43-year-old Lincoln Square shopping center in Arlington. InterBank is providing refinancing and construction financing for the 43-acre project. Completion is slated for early 2028. After the demolition of 70,000 square feet of existing space, Anthem will feature 404,000 square feet of retail, food- and- beverage, public spaces and entertainment areas. Trademark will lead a full renovation of the property, including improvements to walkability and connectivity, as well as increased surface parking, new facades, branding and signage. Plans call for a public green space, curated public art program, outdoor seating, bike racks and event programming. Working closely in a public-private partnership with the Arlington Economic Development Corp. and the City of Arlington, Trademark has performed local market research through surveys, planning sessions and community meetings since becoming involved with the project in 2022. Trademark is in final lease negotiations for more than 35,000 square feet of retail and food-and-beverage tenants, many of which will be new to the market. Future plans for Anthem may include the integration of mixed-use components…

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Rockspring Underway on 254-Acre Mixed-Use Development in Marble Falls, Texas

Taylor Williams — Tue, 28 Jul 2026 14:44:12 +0000

MARBLE FALLS, TEXAS — Rockspring, a Houston-based development and investment firm, is underway on The Highlands, a 254-acre mixed-use development in Marble Falls, about 50 miles northwest of Austin. Plans for the master-planned community currently call for an array of residential uses, including single-family homes, apartments and townhomes, as well as commercial space and parks/open green spaces. Rockspring has closed on a $28.2 million construction loan and is in the process of finalizing a public infrastructure development bond with the City of Marble Falls to finance predevelopment and sitework, costs of which are projected to exceed $70 million.

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Gilbane Development Breaks Ground on 756-Bed Student Housing Project in Norman, Oklahoma

Taylor Williams — Tue, 28 Jul 2026 14:31:55 +0000

NORMAN, OKLA. — Gilbane Development has broken ground on a 756-bed student housing project in Norman, home of the University of Oklahoma. The 33-acre site is located less than a mile from the university’s campus, and the community will feature 298 units in addition to a landscaped open-space amenity area and onsite parking. Gilbane is developing the project in partnership with California-based Coleraine Capital Group. Santander Bank and Fifth Third Bank are financing construction, which is expected to be complete in time for the fall 2028 semester.

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Tremont Realty Capital Provides $22.7M Loan for Refinancing of Metro Houston Healthcare Property

Taylor Williams — Tue, 28 Jul 2026 14:28:19 +0000

SUGAR LAND, TEXAS — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $22.7 million loan for the refinancing of Sugar Land Medical Plaza, a 120,000-square-foot healthcare property located on the southwestern outskirts of Houston. Colliers arranged the loan on behalf of the sponsor, a partnership between Harrison Street and Pinecroft Realty. Tremont funded the loan, which was structured with a three-year initial term and two one-year extension options, through its affiliate, Seven Hills Realty Trust (NASDAQ: SEVN).

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