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Constellation-Rock-Island-Logistics-Center-Grand-Prairie
DevelopmentIndustrialTexas

Constellation Real Estate Breaks Ground on 286,700 SF Spec Industrial Project in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Constellation Real Estate Partners has broken ground on a 286,700-square-foot speculative industrial project in Grand Prairie, located roughly midway between Dallas and Fort Worth. Designed by Meinhardt Associates, Constellation Rock Island Logistics Center will be situated on a 16.8-acre site and will feature 36-foot clear height and 80 trailer parking spots. The building will also be able to accommodate a single or multiple users. Cushman & Wakefield is the leasing agent for the project, construction of which is slated for a second-quarter 2026 completion.

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North-Park-34-Houston
DevelopmentIndustrialLeasing ActivityTexas

Arden Group Completes $8M Renovation of North Houston Industrial Property

by Taylor Williams

HOUSTON — The industrial operating platform of Philadelphia-based investment and development firm Arden Group has completed the $8 million renovation of North Park 34, an 865,000-square-foot industrial property in North Houston. Capital improvements included the full repainting of all building exteriors, the installation of drought-tolerant landscaping and the gutting of 30 vacant suites to create turnkey spaces. These initiatives have helped facilitate 48 leases totaling nearly 252,000 square feet over the past 12 months. Stream Realty Partners leases North Park 34.

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IndustrialLeasing ActivityTexas

Packeze LLC Signs 44,883 SF Industrial Lease in West Houston

by Taylor Williams

HOUSTON — Packeze LLC has signed a 44,883-square-foot industrial lease in West Houston. The provider of custom signs, banners and moving boxes is consolidating its regional footprint within the building at 11335 Clay Road, which according to LoopNet Inc. was built in 2000 and totals 78,175 square feet. Building features include 20-foot clear heights and 10,365 square feet of office space. Darryl Noon and Brian Gammill of Transwestern represented the landlord, a Texas-based limited liability company, in lease negotiations. Lewis Walker of Texas Global Partners represented the tenant.

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AcquisitionsRetailTexas

SRS Real Estate Negotiates Sale of 14,966 SF Retail Strip Center in Frisco

by Taylor Williams

FRISCO, TEXAS — SRS Real Estate Partners has negotiated the sale of Independence Plaza, a 14,966-square-foot retail strip center in Frisco. Built on 1.9 acres in 2018, the center was fully leased at the time of sale to seven tenants in the food-and-beverage and service industries. Michael Kaplan of SRS represented the seller, a family office that developed the property, in the transaction. The buyer was a Texas-based private investor. Both parties requested anonymity.

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AcquisitionsDevelopmentIndustrialTexas

Foxconn Buys 1 MSF Industrial Campus in Houston from Dalfen, Plans Redevelopment

by Taylor Williams

HOUSTON — Foxconn, a Taiwanese electronics manufacturer, has purchased the 1 million-square-foot Fairbanks Logistics Park in northwest Houston from Dallas-based Dalfen Industrial with plans to redevelop the property to support advanced manufacturing and AI infrastructure initiatives. According to the Greater Houston Partnership, the redevelopment constitutes an investment of $450 million and could generate as many as 600 new jobs. Fairbanks Logistics Park consists of four front-load buildings on a 100-acre site that feature 32-foot clear heights and 180-foot truck court depths. Garrett Geaccone, Jeremy Lumbreras and Tyler Maner of Stream Realty Partners represented Dalfen in the transaction. Reggie Beavan and Joshua Brown of Newmark represented Foxconn.

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The-Maxwell-Frisco
AcquisitionsMultifamilyTexas

CONAM Group Acquires 325-Unit Maxwell Apartments in Frisco

by Taylor Williams

FRISCO, TEXAS — The CONAM Group, a San Diego-based investment firm, has acquired The Maxwell, a 325-unit apartment community in Frisco. Completed in 2018, The Maxwell is located within the Canals at Grand Park master-planned community and offers studio, one-, two and three-bedroom units that are housed within three- and four-story buildings. Amenities include a clubhouse with a coffee bar and conference rooms and a courtyard with grilling stations, fire pits and outdoor TVs. The seller and sales price were not disclosed.

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DHT-4-Last-Mile-Cypress
AcquisitionsIndustrialTexas

JLL Brokers Sale of 141,360 SF Industrial Building in Cypress, Texas

by Taylor Williams

CYPRESS, TEXAS — JLL has brokered the sale of DHT-4 Last Mile, a 141,360-square-foot industrial building in the northwestern Houston metro of Cypress. Completed in 2022, the buildings sits on 37 acres and features 32-foot clear heights, an ESFR sprinkler system and parking for 233 cars and 940 vans. Trent Agnew, Charlie Strauss and Lance Young of JLL represented the seller, Vigavi Realty, in the transaction. Allegra Holding Group acquired the asset for an undisclosed price.

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CivicDevelopmentTexas

Hoar Construction Breaks Ground on 83,000 SF Elementary School Building in Austin

by Taylor Williams

AUSTIN, TEXAS — Hoar Construction has broken ground on the new 83,000-square-foot building for Oak Springs Elementary School, which is part of the Austin Independent School District. The new facility will replace the original structure that was built in 1958 and will include a new gym with a basketball court, full cafeteria, theater, music studio and exterior rain garden. Fort Worth-based Huckabee Architects designed the project, which is expected to be complete in spring 2027.

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IndustrialLeasing ActivityTexas

Ferguson Signs 31,260 SF Industrial Lease in Sugar Land, Texas

by Taylor Williams

SUGAR LAND, TEXAS — Ferguson Enterprises, a Virginia-based distributor of plumbing and HVAC supplies, has signed a 31,260-square-foot industrial lease in the southwestern Houston suburb of Sugar Land. The space is located within Stiles Lane Business Park, a two-building, 65,827-square-foot development. Jason Dillee and Nick Bergmann of CBRE represented Ferguson in the lease negotiations. Cape Bell and Greg Holmes, also with CBRE, represented the landlord, Pearl River.

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The-Brickyard-Houston
DevelopmentIndustrialTexas

Urban Logistics Realty Breaks Ground on 542,851 SF Spec Project in Northwest Houston

by Taylor Williams

HOUSTON — Dallas-based Urban Logistics Realty has broken ground on The Brickyard, a 542,851-square-foot speculative project in northwest Houston. The Brickyard will be a three-building development at 5020 Acorn St. whose structures will have a mix of configurations, as well as ample car and trailer parking. Urban Logistics Realty is developing the project in partnership with Principal Asset Management. Other project partners include Powers Brown (architect), Harvey Builders (general contractor), Kimley-Horn (civil engineer), Pinnacle (structural engineer), First United Bank & Trust (construction lender) and Stream Realty Partners (leasing agent). Completion is slated for mid-2026.

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