Texas

CapRock Partners Buys 524,199 SF Distribution Center in North Houston

by Taylor Williams July 22, 2025

HOUSTON — California-based investment firm CapRock Partners has purchased a 524,199-square-foot distribution building in North Houston. Built on 29 acres in 2020, Kennedy Greens Distribution Center is a cross-dock facility that features 36-foot clear heights, 185-foot truck court depths, 103 dock-high doors, four grade-level doors, an ESFR sprinkler system and parking for 128 trailers and 276 cars. The property was fully leased at the time of sale. Cushman & Wakefield represented the undisclosed seller in the transaction.

July 22, 2025

Acquisitions Retail Texas

NewQuest Arranges Sale of 82,073 SF Ella Plaza Shopping Center in North Houston

by Taylor Williams July 22, 2025

HOUSTON — Locally based brokerage and investment firm NewQuest has arranged the sale of Ella Plaza, an 82,073-square-foot shopping center in North Houston. Anchored by Advance Auto Parts’ 15,371-square-foot space, the three-building center was constructed on 7.1 acres in 2003 and is also home to multiple government tenants. Dakota Workman of NewQuest represented the seller, an entity doing business as True Saga LLC, in the transaction. Northmarq represented the buyer, Sega Development LLC.

July 22, 2025

Acquisitions Industrial Texas

Alterra Acquires Industrial Outdoor Storage Facility in Sugar Land, Texas

by Taylor Williams July 22, 2025

SUGAR LAND, TEXAS — Philadelphia-based investment firm Alterra IOS has acquired an industrial outdoor storage facility located at 25 miles southwest of Houston at 15646 Ennis Road in Sugar Land. The facility features a 30,000-square-foot warehouse and was fully leased at the time of sale of a national building materials distributor. Alex Harrold of Matthews Real Estate Investment Services represented Alterra in the transaction. The seller and sales price were not disclosed.

July 22, 2025

Leasing Activity Office Texas

Wounded Warrior Project Signs 18,559 SF Office Lease in San Antonio

by Taylor Williams July 22, 2025

SAN ANTONIO — Nonprofit organization Wounded Warrior Project has signed an 18,559-square-foot office lease in San Antonio. The space is located within Building 3 at University Heights Tech Center on the city’s northwest side and will be able to support about 70 employees. Brian Kates of JLL represented Wounded Warrior Project in the lease negotiations. Rob Gish represented the landlord, locally based owner-operator Worth & Associates, on an internal basis.

July 22, 2025

Industrial Leasing Activity Texas

Bradford Negotiates 12,078 SF Industrial Lease Renewal in Addison, Texas

by Taylor Williams July 22, 2025

ADDISON, TEXAS — Bradford Commercial Real Estate Services has negotiated a 12,078-square-foot industrial lease renewal in the northern Dallas metro of Addison. The tenant, electronics repair services provider Power Clinic Inc., will maintain its space at Marsh Business Park, a multi-building development.Brian Pafford of Bradford represented the locally based landlord, GKI Industrial Dallas LLC, in the lease negotiations. Matthew Middendorf of Middendorf Commercial represented Power Clinic.

July 22, 2025

Acquisitions Florida Georgia Industrial Southeast Texas Top Stories

Mapletree to Sell Sun Belt Industrial Portfolio to EQT Real Estate for $241.2M

by John Nelson July 22, 2025

SINGAPORE AND CONSHOHOCKEN, PA. — Mapletree Investments Pte Ltd., a global real estate investment and management firm based in Singapore, has agreed to sell a portfolio of 10 bulk warehouse facilities that are located across various Sun Belt markets. Metro Philadelphia-based industrial development firm EQT Real Estate is purchasing the portfolio, which features properties in Georgia, Florida and Texas, for $241.2 million. Specific properties were not released, but a source familiar with the transaction says the assets are situated in suburban Atlanta, Dallas, Houston, Orlando and South Florida. Mapletree owns the warehouse facilities under Mapletree US & EU Logistics Private Trust, a closed-end private fund that was launched in 2019. Mapletree recently sold another portfolio within the $4.3 billion fund — a 1.8 million-square-foot portfolio that Faropoint purchased for $328 million. Clayton Skistimas, Christina Buhl, Marc Alfert, Mark Chu and Steve Silk of Eastdil Secured represented Mapletree in the transaction with EQT. The deal is expected to close by late 2025. “This divestment represents a strong outcome for our investors and affirms the value we’ve created across our U.S. industrial portfolio,” says Richard Prokup, CEO of Mapletree’s U.S. division. “As we look ahead, we remain focused on reinvesting in premier …

July 22, 2025

Hospitality Market Reports Texas Texas Market Reports

Rethinking the Map: Why Houston Has Major Potential for Hospitality Growth

by Taylor Williams July 22, 2025

By Eric Jacobs, chief global growth officer, Aimbridge Hospitality With different verticals and geographic hotspots driving continued travel and performance potential in hospitality properties, investments in these assets should be on the radars of forward-thinking investors. A resilient market that was most recently challenged by the COVID-19 pandemic, the hotel sector continues to be an area of curiosity and consideration for investors looking for their next opportunity. At the start of the year, hotel transaction volume was projected to rise by 15 to 25 percent nationally, according to JLL’s Global Hotel Investment Outlook report for 2025, with institutional capital flowing back into the sector. While this projection hasn’t come to fruition, exploration of hospitality deals is ongoing, and the most prepared investors and developers are keeping a pulse on the markets that will generate returns in the future. Enter Houston. A current standout market and one to watch, the city’s unique demand drivers, performance metrics and positioning within the larger Texas market have created fertile ground for hotel investment. Convention Disruption Brings Opportunity One of the most significant factors behind Houston’s surge today is the simultaneous renovation and expansion of convention centers in Austin, Dallas and Fort Worth. These projects …

July 22, 2025

Development Mixed-Use Texas

Janapriya Group Breaks Ground on 22-Acre Mixed-Use Project in Fulshear, Texas

by Taylor Williams July 21, 2025

FULSHEAR, TEXAS — The U.S. subsidiary of Indian development and investment firm Janapriya Group has broken ground on a 22-acre mixed-use project in Fulshear, a western suburb of Houston. Designed by Kirksey Architecture, Fulshear Central will feature approximately 130,000 square feet of retail, restaurant and office space, as well as open green space and walking trails. Completion is slated for early 2026.

July 21, 2025

Acquisitions Office Texas

JLL Brokers Sale of 200,000 SF Office Building in The Woodlands, Texas

by Taylor Williams July 21, 2025

THE WOODLANDS, TEXAS — JLL has brokered the sale of 10001 Six Pines, a 200,000-square-foot office building located about 30 miles north of Houston in The Woodlands. The building was completed in 2002, and the site includes 3.4 acres for future expansion. Kevin McConn, Jeff Cairns and Brandon Clarke of JLL represented the seller and former occupant Chevron Phillips Chemical, in the deal and procured the buyer, Beland Properties.

July 21, 2025

Acquisitions Healthcare Texas

Woodside Health Buys 126,059 SF Medical Office Building in Bryan, Texas

by Taylor Williams July 21, 2025

BRYAN, TEXAS — Woodside Health, a Cleveland-based private equity healthcare real estate firm, has purchased a 126,059-square-foot medical office building in the Central Texas city of Bryan. Built in 1999 and known as The Physicians Centre, the four-story building is attached to a private specialty hospital and was leased to 37 tenants at the time of sale. The seller and sales price were not disclosed.

July 21, 2025

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