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Oaks-at-Kingwood
AcquisitionsMultifamilyTexas

Colliers Brokers Sale of 152-Unit Oaks of Kingwood Apartments in Houston

by Taylor Williams

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.

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DevelopmentRetailTexas

Joint Venture to Develop 135,000 SF Shopping Center in Seguin, Texas

by Taylor Williams

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.  

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Leasing ActivityRetailTexas

BRKTHROUGH to Open 20,000 SF Entertainment Venue in Shenandoah, Texas

by Taylor Williams

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.

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Core45-Wilmer
IndustrialLeasing ActivityTexas

Owens Corning Signs 292,680 SF Industrial Lease in Wilmer, Texas

by Taylor Williams

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.

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DevelopmentRestaurantRetailTexas

MLSA Ventures to Redevelop La Villita Assembly Hall in San Antonio

by Taylor Williams

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.

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AcquisitionsIndustrialTexas

Trive Real Estate Equity Management Buys 57,000 SF Industrial Building in Northwest Dallas

by Taylor Williams

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.

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Leasing ActivityRestaurantRetailTexas

Poag Development Welcomes Three New Tenants to Shopping Center Near Denton

by Taylor Williams

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.

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Arbor Realty TrustRetailTexas

Woodmont Co., Hanley Arrange Sale of 6,038 SF Retail Strip Center in Irving

by Taylor Williams

IRVING, TEXAS — Two brokerage firms, Fort Worth-based The Woodmont Co. and California-based Hanley Investment Group, have arranged the sale of Story Crossing, a 6,038-square-foot retail strip center in Irving. The center was fully leased at the time of sale to tenants such as Starbucks, T-Mobile and CBD Kratom. Russel Wehsener of Woodmont and Jeff Lefko of Hanley represented the undisclosed seller in the transaction. Compass Group represented the buyer, which also requested anonymity.

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IndustrialLeasing ActivityTexas

J&C Warehouse Signs 271,339 SF Industrial Lease in Wilmer, Texas

by Taylor Williams

WILMER, TEXAS — J&C Warehouse has signed a 271,339-square-foot industrial lease in the southern Dallas suburb of Wilmer. The company will occupy the entirety of ALTO Intermodal 45, a newly built cross-dock building. Building features include 40-foot clear heights, 99 car parking spaces (expandable to 267), 47 dock-high doors and 3,986 square feet of office space. Ben Wallace, Chris Teesdale and Tom Pearson of Colliers represented the landlord, ALTO Real Estate Investments, in the lease negotiations. Adam Jones of Stream Realty Partners represented the tenant.

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Realterm-Alliance-Laredo
DevelopmentIndustrialTexas

Realterm, Alliance Break Ground on 236,693 SF Transload Facility in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A joint venture between Maryland-based investment firm Realterm and Texas-based Alliance Industrial has broken ground on a 236,693-square-foot transload facility in the Rio Grande Valley city of Laredo. The facility, which will be situated on a 19.7-acre site, will support various cross-border industrial operations and will be able to accommodate a single or multiple users. Building features will include 32-foot clear heights, 50 dock-high loading positions and 190 trailer parking spaces. Construction is expected to be complete by summer 2025.

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