CLEAR LAKE, TEXAS — New York-based investment firm Fullerton Properties has sold Atrium Crest, a 107,529-square-foot office building in Clear Lake, a southeastern suburb of Houston. The building was most recently renovated in 2004 and was 79 percent leased at the time of sale. Marty Hogan of JLL represented Fullerton Properties in the transaction. Patrick Hill of Colliers represented the undisclosed buyer.
DAYTON, TEXAS — Liberty Development Partners has purchased 1,149 acres for an industrial expansion project in Dayton, about 40 miles northeast of Houston. The acreage represents the next phase of expansion of Gulf Inland Logistics Park, a rail-served, master-planned development. Tony Patronella of Read King Commercial Real Estate, along with Logan Havel and Charles Blaschke of Edge Realty Partners, represented the seller, private investor Sammi Damek, in the land transaction. John Littman, Kelley Parker and Coe Parker of Cushman & Wakefield represented Liberty Development Partners. Gulf Inland Logistics Park is ultimately planned for 3,800 acres across three phases of expansion.
HOUSTON — Lone Star PACE has provided $40 million in C-PACE financing for a 774,000-square-foot data center facility in Houston. The facility is located within ViVa Center, a 2.3 million-square-foot technology hub that originally housed the headquarters of Compaq Computer and was later acquired by Hewlett-Packard Enterprise. Lone Star PACE partnered with lender Nuveen Green Capital to administer the financing. Proceeds will be used to install sustainable building components to Phase I of the data center development, including energy-efficient windows, LED lighting, advanced HVAC systems and high-efficiency plumbing upgrades.
HOUSTON — Colliers has brokered the sale of Oaks of Kingwood, a 152-unit multifamily property in Kingwood, a master-planned community in northeast Houston. Oaks of Kingwood was originally built in two phases between 1984 and 1999 and offers one- and two-bedroom units with an average size of 876 square feet. Chip Nash, Bob Heard and Jaleel Adatia of Colliers represented the seller, an entity doing business as Kingwood Houston Oaks LP, in the deal. The buyer and sales price were not disclosed. Oaks of Kingwood was 99 percent occupied at the time of sale.
SEGUIN, TEXAS — A joint venture between Collett & Associates and the Alexander Family will develop Seguin Crossing, a 135,000-square-foot shopping center that will be located roughly 35 miles northeast of San Antonio. Valued at $25 million, the 14-acre development will be home to retailers such as Hobby Lobby, Five Below, James Avery and an undisclosed sporting goods provider, among others. Construction is scheduled to begin by the end of the year, with store openings scheduled for fall 2025.
SHENANDOAH, TEXAS — BRKTHROUGH, an interactive entertainment concept, will open a 20,000-square-foot venue in Shenandoah, roughly 40 miles north of Houston. Located within the Metropark Square mixed-use development, the facility will feature 40 challenge rooms with competition-focused games. The concept also includes a curated food and drink menu offered in a dedicated BRK ROOM space. Sam Moon Group manages Metropark Square.
WILMER, TEXAS — Owens Corning (NYSE: OC) has signed a 292,680-square-foot industrial lease in Wilmer, a southern suburb of Dallas. The Ohio-based provider of roofing, insulation and composite materials is taking space at Core45, a two-building, 1.6 million-square-foot development. According to a 2022 press release from the Wilmer Economic Development Corp. announcing the project, Core45’s two buildings span 616,000 and 1 million square feet and feature 40-foot clear heights, as well as a combined 286 dock doors, 403 trailer parking stalls and 900 car parking spaces. Ridley Culp, Luke Davis and Matt Dornak of Stream Realty Partners represented the landlord, Grandview Partners, in the lease negotiations. CBRE represented Owens Corning.
SAN ANTONIO — MLSA Ventures will redevelop the historic La Villita Assembly Hall in San Antonio into a 49,993-square-foot food-and-beverage destination. Renovations to the building, which was originally constructed in 1958, will begin during the second quarter of 2025. In addition to space for food and beverage concepts, the redevelopment will include public patios and a large outdoor bar with a beer garden. Completion is expected for 2027. Ford, Powell & Carson is the project’s architect of record, and Kopplow Construction is the general contractor. JLL is the leasing agent.
DALLAS — Dallas-based Trive Real Estate Equity Management has purchased a 57,000-square-foot industrial building on the city’s northwest side. According to LoopNet Inc., the building at 7 Justice Way was built on a 22.4-acre lot in 2023 and features three dock-high loading doors and nine grade-level drive-in doors. Giovanni Scardino and Jason Moser of Stream Realty Partners represented both the buyer and the seller, an entity doing business as HTH 9800 Stemmons LLC, in the transaction.
HIGHLAND VILLAGE, TEXAS — Memphis-based Poag Development Group has welcomed three new tenants to The Shops at Highland Village, an 359,781-square-foot retail property located near the North Texas city of Denton. Chinese restaurant Dragon House will open a 5,200-square-foot space next to AMC Theatres in October. Athleisure apparel provider lululemon has leased a 5,590-square-foot space next to The Cheesecake Factory, and wellness concept iCRYO has taken a 2,587-square-foot space adjacent to Boardroom Salon for Men. JLL manages Shops at Highland Village on behalf of Poag.