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DevelopmentMultifamilyTexasWalker & Dunlop

Trademark to Develop 321-Unit Multifamily Project in Downtown Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Trademark Property Co. will develop The Vickery, a 321-unit multifamily project that will be located at the corner of Hemphill Street and West Vickery Boulevard in downtown Fort Worth. Designed by GFF and developed in partnership with SCOA Real Estate Partners, The Vickery will consist of 307 apartments, 14 townhomes and a 5,300-square-foot restaurant with a second-story lounge. Residential amenities will include a pool, rooftop lounge, coworking space and two dog parks. First United Bank provided a $61 million construction loan for the project that was arranged by Heather McClure and Jonathan Paine of Walker & Dunlop. Construction is set to begin early next year and to be complete in spring 2026.

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DevelopmentIndustrialTexas

U-Haul to Open 168,400 SF Self-Storage Facility in Princeton, Texas

by Taylor Williams

PRINCETON, TEXAS — U-Haul will open a six-building, 168,400-square-foot self-storage facility on an eight-acre site in Princeton, located northeast of Dallas. The facility will comprise a four-story, 130,000-square-fot storage building, a 30,000-square-foot warehouse and 8,400 square feet of single-story, drive-up storage buildings. Dallas-based MYCON General Contractors will lead construction of the project, which is now underway and slated for a June 2024 completion.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 135,285 SF Industrial Lease Near Port Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has negotiated a 135,285-square-foot industrial lease near Port Houston. The tenant, Tigerhawk Logistics, will occupy space at Building 2 at Portside Logistics Center, a 1 million-square-foot speculative development that was also developed by Stream in partnership with Principal Asset Management. Grant Hortenstine and Pearce Martens of Savills represented Tigerhawk Logistics in the lease negotiations. Tyler Maner and Jeremy Lumbreras of Stream represented ownership. The deal brings Building 2 to 52 percent occupancy.

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Leasing ActivityNAIOfficeTexas

US Med-Equip Signs 34,000 SF Office Lease in West Houston

by Taylor Williams

HOUSTON — US Med-Equip has signed a 34,000-square-foot office lease in West Houston. According to LoopNet Inc., the building at 4920 Westway Park Blvd., which is part of the Corporate Centre development, was constructed in 2007 and totals 131,908 square feet. Scott Fikes, Matt Pruitt and Christian Canion of JLL represented the landlord, Agellan Commercial REIT, in the lease negotiations. Cory Sleeth from NAI Global and John Ferruzzo from Transwestern represented the tenant.

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AcquisitionsMultifamilyTexas

Matthews Real Estate Arranges Sale of 22-Unit Marsol Apartments in Austin

by Taylor Williams

AUSTIN, TEXAS — California-based brokerage firm Matthews Real Estate Investment Services has arranged the sale of Marsol Apartments, a 22-unit multifamily complex located just northwest of downtown Austin. The three-story building was originally constructed in 1972 and was recently renovated. Richard Waterhouse and Tyler Marshall of Matthews represented the undisclosed seller in the transaction. The buyer was also not disclosed.

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The-Trailhead-at-Chisholm-Trail-Ranch-Fort-Worth
DevelopmentMultifamilyTexas

Titan Development, Aberg Property Top Out $63M Multifamily Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — A partnership between Titan Development and Dallas-based investment firm Aberg Property Co. has topped out The Trailhead at Chisholm Trail, a $63 million multifamily project in South Fort Worth. The 284-unit development is situated within the 625-acre Chisholm Trail Ranch master-planned community. Units will be spread across seven buildings and will be available in studio, one-, two- and three-bedroom formats. Amenities will include a pool, dog park and a pickleball court. HEDK Architects is designing the project, and MW Builders the general contractor. Completion is slated for fall 2024. Construction of a second phase will begin in early 2024.

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The-Columns-at-Westchase-Houston
AcquisitionsMultifamilyTexas

ECI Group Sells 318-Unit Columns at Westchase Apartments in Houston

by Taylor Williams

HOUSTON — Atlanta-based investment firm ECI Group has sold The Columns at Westchase, a 318-unit apartment community in Houston, to Mosaic Residential for an undisclosed price. Built in 1999, The Columns at Westchase offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, clubhouse and outdoor grilling and dining stations. ECI acquired the property in 2018 and implemented capital improvements to unit interiors, building exteriors, landscaping and amenity spaces. David Mitchell of Newmark represented ECI Group in the transaction.

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Leasing ActivityOfficeTexas

CBRE Negotiates 52,120 SF Office Headquarters Lease in Houston

by Taylor Williams

HOUSTON — CBRE has negotiated a 52,120-square-foot office headquarters lease at Westway II, a 10-story building located near Houston’s Energy Corridor area. Abby Alford and Lucian Bukowski of CBRE represented the tenant, Texas-based consulting firm Cobb, Fendley & Associates, in the lease negotiations. Chip Colvill of Cushman & Wakefield represented the undisclosed landlord. The lease term is 10 years. Kirksey designed the space, which spans two floors, and Arch-Con Corp. handled the build-out.

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IndustrialLeasing ActivityTexas

ADG Concepts Signs 45,000 SF Industrial Lease in Saginaw, Texas

by Taylor Williams

SAGINAW, TEXAS — ADG Concepts has signed a 45,000-square-foot industrial lease in Saginaw, a northern suburb of Fort Worth. The provider of air compression systems will relocate from nearby Haltom City to adjacent suites at Blue Mound Industrial Park, a 164,152-square-foot development. Jason Finch, Richard Hitz and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, Dallas-based Blue Ridge Industrial, in the lease negotiations. Niko Padilla of Mercer Co. represented the tenant.

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Leasing ActivityRetailTexas

Tanishq Opens Two Stores Totaling 8,800 SF in Texas

by Taylor Williams

HOUSTON AND FRISCO, TEXAS — Indian jewelry retailer Tanishq has opened two new stores totaling 8,800 square feet in Texas. The stores at 2335 Post Oak Blvd. in Houston and 2809 Preston Road in Frisco comprise 3,800 and 5,000 square feet, respectively, and mark the second and third locations in the country for the brand. Tanishq opened its flagship store in Northern New Jersey earlier this year.  

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