Texas

Downtown-Center-Celina

CELINA, TEXAS — The City of Celina, located north of Dallas near the convergence of Denton and Collin counties, has unveiled plans for Downtown Center. The impetus behind the 115,245-square-foot project is a need for expanded parking in the downtown area as well as new home for city operations. The first phase will center on the construction of a 25,202-square-foot, four-story parking garage totaling nearly 400 parking spaces. Following completion of the garage, the development team will construct a new facility that will house the operations of various city administrative departments, as well as a 26,209-square-foot library and a rooftop community space. Swinerton is the general contractor for the project. Construction on the garage will begin next fall.

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Denton-Point

DENTON, TEXAS — JLL has arranged an undisclosed amount of construction financing for a three-building, 451,856-square-foot industrial project in the North Texas city of Denton. Denton Point III, IV and V will feature rear-load configurations, 28- to 32-foot clear heights, 114 total dock doors and bay depths ranging from 160 to 280 feet. Campbell Roche, Will Mogk, Tom Weber, Luke Rogers and Jordan Buck of JLL arranged the five-year loan through First United Bank on behalf of the borrower, Holt Lunsford Commercial Investments, which is developing the project in a joint venture with Dallas-based Silverado Interests. Completion is scheduled for the third quarter of 2025.

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MABANK, TEXAS — Marcus & Millichap has brokered the sale of Pego Self Storage, a 568-unit facility in Mabank, about 55 miles southeast of Dallas. The complex consists of 12 buildings that span 72,262 net rentable square feet of space, including drive-up and climate-controlled units. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a local owner-operator, in the transaction and procured the Austin-based buyer. Both parties requested anonymity.

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DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 60,000-square-foot industrial lease in West Dallas. According to LoopNet Inc., the building at 3306-3310 Quebec St. was originally built in 1971. Canon Shoults and Maddy Coffman of Holt Lunsford represented the landlord, AEW Capital Management, in the lease negotiations. Turner Peterson with Mercer Co. represented the tenant, a company doing business as SCIGV Inc.

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DALLAS — Duro Hospitality, the group behind brands such as The Charles, Mister Charles, Café Duro, Casa Duro and El Carlos Elegante, will open a new, 7,500-square-foot restaurant in the Preston Center area of North Dallas. The name and concept behind the restaurant were not disclosed, but the space is located on the ground floor of 8111 Douglas, a 225,000-square-foot office building owned by Lincoln Property Co. The restaurant opening is slated for late 2025.

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Clay-Road-Business-Park-Sunyvale

SUNNYVALE, TEXAS — California-based CapRock Partners has acquired 32.5 acres in Sunnyvale, an eastern suburb of Dallas, for the development of a 518,000-square-foot industrial project that will be known as Clay Road Business Park. The development will consist of three shallow-bay buildings with 32-foot clear heights, dock-high and ramp loading doors, ESFR sprinklers and trailer parking. Construction is scheduled to begin in 2025 and be compete in 2026. Kurt Griffin, Nathan Orbin, Dalton Knipe and Weston King of JLL represented CapRock in the land acquisition.

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HOUSTON — Bel Air Lighting has purchased a 112,667-square-foot industrial building in North Houston. According to showcase.com, the building at 16622 Hafer Road was constructed in 2023 and features 32-foot clear heights, 22 dock doors, two drive-in doors and 130 car parking spaces. Jeremy Lumbreras and Garret Geaccone of Stream Realty Partners represented the seller, locally based firm Alliance Industrial Co., in the transaction. The sales price was not disclosed.

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PLANO, TEXAS — Atlantic Aviation has signed a 26,608-square-foot office lease in Plano. The provider of aircraft ground support services will occupy a full floor at Granite Park 6, a 422,109-square-foot building that was completed in 2023. Ryan Hoopes and Tom Sutherland of Cushman & Wakefield represented the tenant in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado represented the landlord, Granite Properties, which owns the property in partnership with Raleigh-based REIT Highwoods Properties, on an internal basis. The deal brings the building to 26 percent occupancy.

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DALLAS — Locally based brokerage firm Holt Lunsford Commercial has negotiated a 25,970-square-foot industrial lease in southwest Dallas. According to LoopNet Inc., the building at 4301-4311 Shilling Way was originally constructed in 1971 and totals 74,373 square feet. Canon Shoults and Mitch Cantwell of Holt Lunsford represented the landlord, Boston-based private equity firm Taurus Investment Holdings, in the lease negotiations. The representative of the tenant, Sunmetals Products of America, was not disclosed.

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CEDAR HILL, TEXAS — Kids Empire will open a 10,527-square-foot indoor playground in the southwestern Dallas suburb of Cedar Hill. The space is located within Hillside Village, a 615,000-square-foot, open-air power center that anchored by Dick’s Sporting Goods, Barnes & Noble, Old Navy and H&M. Gretchen Miller, Emilie Paulson and Bryn Carden of Weitzman represented the landlord, PREP Property Group, in the lease negotiations. Robin Barrow and Eddie Liebman, also with Weitzman, along with Austin Diemer and Shelby Pedroza with E & R Property Group, represented Kids Empire.

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