DENTON, TEXAS — Virginia-based Capital Square is nearing completion of a 195-unit build-to-rent residential project in the North Texas city of Denton. Perch Denton will sit on 18 acres and feature a mix of one-, two- and three-bedroom homes with an average size of 1,005 square feet. Amenities will include a pool, fitness center, business center, dog park, pavilion and a pickleball court. Capital Square is co-developing Perch Denton with Good + West Residential and Montgomery Street Partners. Full delivery is slated for the end of the first quarter.
CLEVELAND, TEXAS — Partners Real Estate has negotiated the sale of a 14,800-square-foot industrial building in Cleveland, located about 50 miles northeast of Houston. The site at 699 US Highway 59 S. spans 17.7 acres. The building was constructed in 2007 and features 24-foot clear heights, according to LoopNet Inc. Wyatt Huff and Hunter Stockard of Partners represented the seller and occupant, farm equipment provider Rakesales, in the transaction. Paul Compton of JLA Realty represented the buyer, American Friction Inc.
FORT WORTH, TEXAS — A partnership between Keystone Group and Larkspur Capital is planning a mixed-use redevelopment project in Fort Worth. The 35-acre site is an assemblage of parcels that includes the former home of the Fort Worth Independent School District. Preliminary plans call for multifamily, hospitality, office, retail, restaurant and entertainment uses, as well as public green space. The partnership has begun demolition of vacant structures and will submit plans to the city’s Planning & Zoning Commission Board later this year, at which time additional project details will be announced.
ROUND ROCK, TEXAS — Austin-based developer Urban Moment is nearing completion of YardHomes Meadow Lake, a 247-unit build-to-rent residential project in the northern Austin suburb of Round Rock. The development offers one-, two- and three-bedroom units that range in size from 635 to 1,375 square feet and that feature private backyards. Units are furnished with stainless steel appliances, granite countertops, walk-in pantries and keyless entry mechanisms. Amenities include a pool, fitness center, dog park, event lawn and outdoor grilling and dining stations. Preleasing is underway, and the grand opening is slated for February.
HALTOM CITY, TEXAS — A partnership between Phoenix-based developer Creation and Crow Holdings Capital has sold Northmark Commerce Center, a 234,475-square-foot industrial facility located in the northern Fort Worth suburb of Haltom City. The cross-dock facility was fully leased to Ryder Integrated Logistics at the time of sale. Completed in 2023, Northmark Commerce Center features 32-foot clear heights, 56 dock doors and parking for 132 cars and 19 trailers. The site also houses a secured drop lot with 104 additional trailer stalls. Jack Fraker, Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Taylor Hare and Chloie Mercer of Newmark represented the seller in the transaction. The buyer and sales price were not disclosed.
GRAND PRAIRIE, TEXAS — Secure Net Lease, a brokerage firm with offices in Dallas and Los Angeles, has negotiated the sale of a retail building in Grand Prairie, located roughly midway between Dallas and Fort Worth. The property is triple-net-leased to Shake Shack. According to LoopNet Inc., the double drive-thru building totals 3,380 square feet. Matthew Scow of Secure Net Lease represented the undisclosed seller in the transaction. Sandi Hunter of Retail Link Associates represented the buyer, which acquired the property via a 1031 exchange.
PEARLAND, TEXAS — EDGE Realty Partners has negotiated the sale of a 14,410-square-foot industrial building located at 14724 Almeda School Road in Pearland, a southern suburb of Houston. According to LoopNet Inc., the single-tenant building was constructed on 2.4 acres in 2019 and features 28-foot clear heights and five dock-high loading doors. Micha van Marcke and Chace Henke of EDGE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
SAN ANTONIO — An affiliate of locally based investment firm LYND Group has purchased Culebra Commons, a 327-unit mixed-income apartment community in San Antonio’s Far West submarket, for $76.2 million. The garden-style property was originally developed in 2021 by a different affiliate of LYND Group and offers one-, two- and three-bedroom units with an average size of 835 square feet. About half the units have been reserved as affordable housing. Amenities include a pool, fitness center, clubroom, resident lounge, catering kitchen, playground and a dog park. Origin Strategic Credit Fund is a preferred equity investor in the deal.
HILLSBORO, TEXAS — Marcus & Millichap has brokered the sale of Lock & Key Storage, a 228-unit facility that sits on a 10.2-acre site in Hillsboro, located roughly midway between Fort Worth and Waco. Danny Cunningham, Jon Danklefs, Brandon Karr, Dave Knobler and Mixson Staffel of Marcus & Millichap represented the seller in the transaction. The team also procured the buyer, a limited liability company. Both parties requested anonymity.
THE WOODLANDS, TEXAS — EDGE Realty Partners has arranged the sale of College Park Plaza, a 70,227-square-foot shopping center in The Woodlands, about 30 miles north of Houston. The center was built in 2004 and is home to tenants such as Uptown Salons, Café Express, The Blood Center, Amerejuve MedSpa and Woof Gang Bakery & Grooming. Chace Henke and Micha van Marcke of EDGE represented the buyer, Last Mile Investments, in the transaction. The seller and sales price were not disclosed.