GUNTER, TEXAS — Centurion American Development Group has unveiled plans for Platinum Ranch, a 2,000-acre mixed-use development that will be located in the North Texas city of Gunter. The site is located less than a mile from Preston Road and offers frontage along Grayson County Toll Road. Plans call for 4,200 single-family residential homes and 29 acres that will be dedicated to residential villas that are zoned for up to 290 units. Platinum Ranch will also feature 277 acres of commercial and multifamily development, with the latter component having a maximum of about 3,000 units, as well as 223 acres of green space that will include a community park and several amenity centers. Preliminary sitework is scheduled to begin in the fourth quarter.
THE WOODLANDS, TEXAS — Bionova Scientific, a California-based biologics and pharmaceutical company, has opened a new life sciences facility in The Woodlands, about 30 miles north of Houston, according to reports from multiple local new sources such as the Houston Business Journal and Community Impact Newspaper. The former publication reports that the facility is valued at approximately $100 million and would be “used for plasmid DNA and viral vector manufacturing, which plays a role in cell and gene therapy.” Bionova announced the project in summer 2024.
HOUSTON — Locally based developer Triten Real Estate Partners has broken ground on a 392,650-square-foot industrial project in North Houston. The site spans 25 acres at the corner of FM 1960 and Kenswick Drive, and the development will consist of two front-load distribution buildings. Method Architecture is designing the project, and Harvey Builders is serving as the general contractor. CBRE is the leasing agent. Completion is scheduled for February 2026.
BAYTOWN, TEXAS — PGIM Real Estate has provided a $78 million loan for the refinancing of a 281,849-square-foot cold storage facility located in the eastern Houston suburb of Baytown. The newly constructed facility is situated on a 30.7-acre site within TGS Cedar Port Industrial Park. The borrower is a joint venture between Philadelphia-based BG Capital and cold storage operator Freezpak Logistics. PGIM was also involved in financing construction of the property.
DALLAS — Locally based investment firm CanTex Capital has acquired a 266,200-square-foot industrial facility in South Dallas. The 20.7-acre site is located within Mountain Creek Business Park and includes four undeveloped acres for outdoor storage or future expansion. Building features include 34-foot clear heights, approximately 8,000 square feet of office space and 285 parking spaces. CanTex acquired the facility in partnership with Dallas-based DB9 Capital. The seller and sales price were not disclosed.
HOUSTON — An entity controlled by Azrieli Group and Unilev Capital has completed the recapitalization of One Riverway, a 507,565-square-foot office building in Houston’s Galleria district. The transaction included a modification of an existing loan and an additional equity investment, although specific details on those elements of the recapitalization were not disclosed. Ownership now plans to undertake a capital improvement program that will feature upgrades to common areas such as corridors and restrooms, a full elevator modernization and delivery of move-in-ready spec suites. Stream Realty Partners is the leasing agent for One Riverway.
VAN ALSTYNE, TEXAS — Marcus & Millichap has brokered the sale of a 410-unit self-storage facility in Van Alstyne, about 50 miles north of Dallas. Situated on an 8.7-acre site, Van Alstyne Self Storage spans 92,220 net rentable square feet across 42 climate-controlled units, 208 non-climate drive-up units, 91 covered parking spaces and 69 uncovered parking spaces. The facility also has an onsite residence. Brandon Karr and Danny Cunningham of Marcus & Millichap represented the seller, a local partnership, in the transaction. The duo also procured the buyer, a Dallas-based private investor. Both parties requested anonymity.
HOUSTON — Locally based developer Midway has topped out CITYCENTRE Six, a 320,000-square-foot office building in West Houston. The 19-story building is being developed adjacent to a new half-acre urban plaza, which was designed by OJB Landscape Architecture, within the 47-acre mixed-use development of the same name. Partners Real Estate is the marketing agent for the project, which is 65 percent preleased to a single anchor tenant. Completion is scheduled for next spring.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated an 11,258-square-foot office sublease in West Houston. The space is located within the building at 2050 W. Sam Houston Parkway S. According to LoopNet Inc., the building was constructed in 2013 and spans 333,000 square feet. Vincent Vega of Oxford Partners represented the sublessee in the negotiations. Rob Johnson of Hughes Marino represented the sublessor.
BRYAN, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of a 7,750-square-foot retail building located along North Texas Avenue in the Central Texas city of Bryan. The property is net leased to AutoZone. Adam Gottschalk and Jason Vitorino of STRIVE represented the seller, a private wealth management division of a bank, and procured the undisclosed buyer. Additional terms of sale were not disclosed.