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greensPORT-Logistics-Park-Houston
DevelopmentIndustrialTexas

Jackson-Shaw Underway on 535,478 SF Industrial Project in East Houston

by Taylor Williams

HOUSTON — North Texas-based developer Jackson-Shaw is underway on construction of greensPORT Logistics Park, a 535,478-square-foot industrial project in East Houston. The 38.2-acre site is located near the junction of I-10 and Haden Road, and the development will consist of two buildings spanning 149,477 and 386,001 square feet. Jackson-Shaw is developing greensPORT Logistics Park in partnership with Greystar-Thackeray. Burton Construction is the general contractor for the project, and Goree Architects is handling design. Kimley-Horn is the civil engineer, and Comerica Bank is financing the project. Cushman & Wakefield has been tapped as the leasing agent. The development team broke ground on the project in late September and is targeting a third-quarter 2025 delivery.

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Eastpark-Denton
AcquisitionsMultifamilyTexas

Price Brothers Buys 333-Unit Eastpark Apartments in Denton, Texas

by Taylor Williams

DENTON, TEXAS — An affiliate of Kansas City-based Price Brothers has purchased Eastpark, a 333-unit apartment community located in the North Texas city of Denton. Built on 11 acres in 2022, the property offers one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops and washer/dryer connections. Amenities include a pool, fitness center, outdoor lounge and game area and a community coffee lounge. Drew Kile, Michael Ware, Joey Tumminello, Taylor Hill, Cameron Purse and Will Balthrope of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented the undisclosed seller in the deal. The team also procured the buyer.

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AcquisitionsIndustrialTexas

Newmark Brokers Sale of 310,900 SF Industrial Property in Mesquite, Texas Leased to Vehicle Accessories

by Taylor Williams

MESQUITE, TEXAS — Newmark has brokered the sale of Alcott Logistics Station, a 310,900-square-foot industrial property located in the eastern Dallas suburb of Mesquite. The property was developed between 2022 and 2023 as a build-to-suit corporate headquarters for automotive parts manufacturer Vehicle Accessories Inc. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe and Caroline Wilson of Newmark represented the seller, North Texas-based developer Jackson-Shaw, in the transaction. The buyer was New York-based Sterling Investors.

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AcquisitionsRetailTexas

JLL Negotiates Sale of 114,982 SF Shopping Center in North Houston

by Taylor Williams

HOUSTON — JLL has negotiated the sale of Little York Plaza, a 114,982-square-foot shopping center in North Houston. Anchored by Hispanic grocer Sellers Bros., the center was built on 11.4 acres in 1987. Other tenants include Dollar Tree, Melrose Family Fashions and Aaron’s Appliances. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was The Criterion Fund, a retail investment firm with offices in Fort Worth and Owasso, Okla.

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Company NewsRetailTexas

Reports: 7-Eleven to Close More Than 400 North American Convenience Stores

by Taylor Williams

IRVING, TEXAS — Global convenience store operator 7-Eleven will close more than 400 of its North American retail outlets, according to reports from multiple publications, including NPR and CBS News. Both news outlets noted that the announcement to shutter some 440 stores throughout the United States and Canada was delivered on Thursday, Oct. 10, during a conference call held by Seven & I Holdings, which is 7-Eleven’s Japan-based parent company. The company’s U.S. operations are headquartered in Irving, Texas. The report from CBS states that the shuttered locations represent about 3 percent of 7-Eleven’s total North American store count, while NPR’s report cites “inflation pressures, slowed traffic, a decline in cigarette sales and a shift in consumer appetites” as the key drivers behind the decision. Regarding consumer appetites, 7-Eleven also said that it is focused on expanding its specialty food-and-beverage offerings throughout its remaining stores.

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The-Storage-Center-Austin
AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Arranges Sale of Two Central Texas Self-Storage Facilities Totaling 2,473 Units

by Taylor Williams

SAN ANTONIO AND AUSTIN, TEXAS — Marcus & Millichap has arranged the sale of two self-storage facilities totaling 2,473 units in Central Texas. The properties are part of a portfolio of self-storage assets that also includes a 907-unit facility in Glendale, Ariz. The San Antonio property spans 88,325 net rentable square feet across 940 units, and the Austin property totals 147,200 net rentable square feet across 1,533 units. All three properties in the portfolio were constructed between 2020 and 2023 and predominantly feature climate-controlled space. Jon Danklefs of Marcus & Millichap represented the seller and original developer, Brookwood Properties, in the transaction and procured the buyer, UTEX Storage Partners.

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Urban-District-290-Houston
AcquisitionsIndustrialTexas

Urban Logistics Realty, Crow Holdings Sell 238,200 SF Industrial Park in Northwest Houston

by Taylor Williams

HOUSTON — A joint venture between Dallas-based Urban Logistics Realty and a fund backed by Crow Holdings has sold Urban District 290, a 238,200-square-foot industrial park in Houston. Located near the corner of State Highway 290 and Bingle Road on the city’s northwest side, the property consists of a 64,800-square-foot building and a 173,400-square-foot building with clear heights of 32 feet, speculative office space and ESFR sprinkler systems. Construction began in September 2022. Nathan Wynne and Jason Dillee with CBRE brokered the sale. The buyer was not disclosed.

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AcquisitionsRetailTexas

Silvestri Investments Buys 38,000 SF Retail Building Leased to 24 Hour Fitness in Spring, Texas

by Taylor Williams

SPRING, TEXAS — Houston-based Silvestri Investments Inc. has purchased a 38,000-square-foot retail building in Spring, a northern suburb of Houston, that is leased to 24 Hour Fitness. The building was constructed on 2.3 acres in 2019 within the CityPlace mixed-use development, and the gym includes a pool and basketball court. Ryan West, John Indelli, Alex Geanakos, Nick Franklin, Gianna New and Torri Rosene of JLL represented the undisclosed seller in the transaction and procured Silvestri Investments as the buyer.

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AcquisitionsIndustrialTexas

Colliers Brokers Sale of 16,141 SF Industrial Flex Building in Tomball, Texas

by Taylor Williams

TOMBALL, TEXAS — Colliers has brokered the sale of a 16,141-square-foot industrial flex building in the northeastern Houston suburb of Tomball. The building at 2121 Persimmon St., which is located on 2.5 acres within Tomball Business & Technology Park, was completed in 2023, according to LoopNet Inc. Tom Condon Jr. of Colliers represented the seller, KTB Properties LLC, in the transaction. Al Gosen of Texas United Realty represented the buyer, an entity doing business as W E Mauney LLC.

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Central-Texas-Logistics-Center-San-Marcos
AcquisitionsIndustrialTexas

Triten Real Estate Partners Buys 485,885 SF Industrial Property in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — Houston-based investment firm Triten Real Estate Partners has purchased Central Texas Logistics Center, a 485,885-square-foot industrial property in San Marcos, roughly midway between Austin and San Antonio. The property comprises seven buildings on a 46-acre site that feature a mix of cross-dock, front- and rear-load configurations and an average suite size of 27,595 square feet, as well as office and showroom space. Central Texas Logistics Center was fully leased to 15 tenants at the time of sale. Dom Espinosa, Joshua Villarreal, Stephen Bailey, Dustin Volz and Zach Riebe of Newmark represented Triten and the undisclosed seller in the transaction.

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