Texas

Berkadia Arranges Sale of 271-Unit Grand at Manor Apartments in Metro Austin

by Taylor Williams January 31, 2025

MANOR, TEXAS — Berkadia has arranged the sale of The Grand at Manor, a 271-unit apartment complex located on the northeastern outskirts of Austin. Built on 12.5 acres in 2021, the property offers studio, one- and two-bedroom units and amenities such as a pool, fitness center, business center and a dog park. Kelly Witherspoon, Justin Cole, Adam Sumrall and Justin Chambers of Berkadia represented the seller, California-based investment firm Bailard, in the transaction. The buyer was Texas-based investment and development firm Presidium. Cody Kirkpatrick, Noam Franklin, Chinmay Bhatt and Matthew Tu, also with Berkadia, arranged joint venture equity for the deal through an undisclosed, foreign family office.

January 31, 2025

Leasing Activity Office Texas

Halff Signs 80,000 SF Office Lease in Richardson, Texas

by Taylor Williams January 31, 2025

RICHARDSON, TEXAS — Infrastructure consulting firm Halff has signed an 80,000-square-foot office lease in the northeastern Dallas suburb of Richardson. The space is located within Galatyn Commons, a four-building, 800,000-square-foot campus that features a 10,000-square-foot fitness center, 8,000-square-foot food hall and a 150-person conference center. Andrew Taguwa, Taylor Dickerson and Rachel Gorney of JLL represented Halff in the lease negotiations. Cushman & Wakefield’s Chris Taylor and Zach Bean represented the landlord, Mapletree, a global investment firm based in Singapore.

January 31, 2025

Development Office Texas

KERA to Open 60,000 SF Headquarters Facility in Uptown Dallas

by Taylor Williams January 31, 2025

DALLAS — KERA will open a new 60,000-square-foot headquarters facility in Uptown Dallas. At the end of February, the public broadcasting group will relocate from 3000 Harry Hines Blvd. to a temporary space at One Arts Plaza in downtown Dallas while the new headquarters is being built. Construction of the new building, the site of which is adjacent to the Katy Trail, will begin in the fourth quarter and is slated for a late-2027 delivery. Architecture firm Corgan is designing the new facility, which will include performance spaces and podcast studios, and Kaizen Development Partners will lead construction.

January 31, 2025

Texas

Trez Capital Announces Leadership Update, Names John Maragliano Co-CEO

by Kristin Harlow January 31, 2025

DALLAS — Trez Capital has unveiled key leadership updates with John Maragliano, a 25-year veteran in the financial services industry, named co-CEO serving alongside existing co-CEO John Hutchinson. The company says these updates build on the strategic leadership transitions announced in 2023. “Since founding Trez Capital in 1997, I have always believed in surrounding myself with exceptional people who bring unique perspectives and skills to the team,” says Morley Greene, founder and executive chairman and former CEO. “The transitions we are announcing today reflect years of careful planning and the incredible talent we have assembled.” Maragliano has led strategic planning and transformed the firm’s operations and finance since 2021. He will also continue to serve as CFO. Hutchinson is also the global head of origination and has led the firm’s debt and equity origination business since 2010. Additionally, Christian Skogen has assumed the role of chief investment officer. He joined the firm as chief risk officer in 2021. Keiju Yamasaiki has been appointed to chief credit officer, overseeing risk and underwriting functions after serving as global head of credit risk and underwriting since 2021. Dean Kirkham is departing the organization as co-CEO and president after serving with the firm since …

January 31, 2025

Acquisitions Industrial Texas

Rosewood, Pillar Buy 200,765 SF Industrial Property in East Plano

by Taylor Williams January 30, 2025

PLANO, TEXAS — A partnership between two locally based investment firms, Rosewood Property Co. and Pillar Commercial, has purchased a 200,765-square-foot industrial property in Plano. The two-building facility was built in 2022 within Plano Commerce Center on the city’s east side and features 24-foot clear heights, dock-high doors, rear-load configurations and 185-foot truck court depths. The property was 71 percent leased at the time of sale to tenants such as Acre Security, Ulrich Medical USA, Cheer Athletics and Senderra Specialty Pharmacy. Provident Realty Advisors sold the property for an undisclosed price.

January 30, 2025

Acquisitions Multifamily Texas

Marcus & Millichap Brokers Sale of 192-Unit Destino Apartments in Grand Prairie, Texas

by Taylor Williams January 30, 2025

GRAND PRAIRIE, TEXAS — Marcus & Millichap has brokered the sale of The Destino, a 192-unit apartment complex located roughly midway between Dallas and Fort Worth in Grand Prairie. The Destino comprises 18 buildings that were built on an 11-acre site in the 2000s. Units come in one-, two- and three-bedroom floor plans, and amenities include a pool, outdoor kitchen, playground and a dog park. Al Silva and Ford Braly of Marcus & Millichap represented the seller, Atlantic Multifamily, in the transaction. The duo also procured the buyer, a New York-based private investment company.

January 30, 2025

Leasing Activity Restaurant Retail Texas

GBT Realty Lands Five New Tenant Commitments at 42,000 SF Shopping Center in Kyle, Texas

by Taylor Williams January 30, 2025

KYLE, TEXAS — Tennessee-based developer GBT Realty Corp. has landed five new tenant commitments at The Shops at The Brick & Mortar District, a 42,000-square-foot shopping center in the Central Texas city of Kyle that is nearing completion. The tenants are Playa Bowls, Jeremiah’s Italian Ice, Skip’s Beer Wine & Liquor, Square Nails Austin and Perspire Sauna Studio. Sprouts Farmers Market is the anchor tenant of the center, which is now 90 percent preleased ahead of the scheduled late-summer completion date.

January 30, 2025

Leasing Activity Office Texas

Chobani Signs 28,674 SF Office Lease at HALL Park in Frisco

by Taylor Williams January 30, 2025

FRISCO, TEXAS — Chobani LLC has signed a 28,674-square-foot office lease at HALL Park in Frisco. The yogurt maker is relocating from nearby Plano to The Tower at HALL Park, a 16-story building whose ongoing capital improvements are part of the first phase of the park’s $7 billion redevelopment. Lee Wagner of Site Selection Group and Tim Stewart of TaTonka Real Estate Advisors represented Chobani in the lease negotiations. Kim Butler, Brad Gibson and Rena Padachy internally represented the owner, HALL Group.

January 30, 2025

Leasing Activity Office Texas

Oxford Partners Negotiates 12,899 SF Office Lease Renewal in West Houston

by Taylor Williams January 30, 2025

HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 12,899-square-foot office lease renewal in West Houston. According to LoopNet Inc., the building at 11511 Katy Freeway, which was built in 1978 and renovated in 1996, totals 80,741 square feet. Ryan Hartsell of Oxford Partners represented the tenant, the Texas Health School, in the lease negotiations. The undisclosed landlord was self-represented.

January 30, 2025

Affordable Housing Development Multifamily Texas

Helu Development Breaks Ground on 336-Unit Affordable Housing Project in San Marcos, Texas

by Taylor Williams January 29, 2025

SAN MARCOS, TEXAS — Utah-based Helu Development has broken ground on The Entrada at San Marcos, a 336-unit affordable housing project located roughly midway between Austin and San Antonio. The development will comprise six three-story buildings on a 14-acre site. Units will feature studio, one- and two-bedroom floor plans and will be reserved for households earning 80 percent or less of the area median income. Amenities will include a clubhouse with a 24-hour fitness center, pickleball court, a resort-style pool and spa, grilling areas and a playground. Helu is developing the project, which is expected to be complete by early 2026, in partnership with American South Capital Partners.

January 29, 2025

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