Thursday, March 6, 2025
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Texas-Heritage-Marketplace-Katy
DevelopmentMixed-UseTexas

NewQuest Breaks Ground on $400M Mixed-Use Project in Katy, Texas

by Taylor Williams

KATY, TEXAS — Locally based developer NewQuest has broken ground on Texas Heritage Marketplace, a $400 million mixed-use development in the western Houston suburb of Katy. The site spans 165 acres and fronts both I-10 and the newly completed Texas Heritage Parkway. Plans currently call for approximately 750,000 square feet of retail, restaurant and entertainment space, as well as two apartment communities with about 550 total units and 300,000 square feet of medical office and self-storage space. Target has committed to being a retail anchor with a 149,000-square-foot store. A tentative completion date for the initial phase of construction was not announced.

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K1960-Distribution-Center-Houston
DevelopmentIndustrialTexas

Triten Real Estate to Develop 392,650 SF Industrial Project in North Houston

by Taylor Williams

HOUSTON — Locally based developer Triten Real Estate Partners will build a 392,650-square-foot industrial project in North Houston. The site at the intersection of FM 1960 and Kenswick Drive spans 25 acres, and the development will consist of two front-load buildings. The buildings will total 214,558 and 178,002  square feet and will feature 36-foot clear heights and combined parking for 286 cars and 82 trailers. Method Architecture is designing the project, and Harvey Cleary is the general contractor. Construction is scheduled to begin in the first quarter and to be complete before the end of the year.

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AcquisitionsIndustrialTexas

3650 Capital, Reap Capital Acquire 167-Unit Apartment Complex in Plano

by Taylor Williams

PLANO, TEXAS — A partnership between 3650 Capital and Reap Capital has acquired The Calvin, a 167-unit apartment complex in Plano. The Calvin offers one- and two-bedroom units and amenities such as a pool and a dog park. Taylor Snoddy and Charles Hubbard of Northmarq brokered the deal, the seller of which was not disclosed. The new ownership plans to implement a value-add program.

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AcquisitionsOfficeTexas

David Weekley Homes Buys 50,000 SF Office Building in Northwest Houston

by Taylor Williams

HOUSTON — David Weekley Homes has purchased a 50,000-square-foot office building located at 8847 W. Sam Houston Parkway in northwest Houston. The locally based residential homebuilder plans to relocate from its current space at 1111 N. Post Oak Road to the new building, which according to LoopNet Inc. was constructed in 2011, before the end of the year. The seller and sales price were not disclosed.

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IndustrialLeasing ActivityTexas

Agile Supply Chain Signs 32,350 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Agile Supply Chain has signed a 32,350-square-foot industrial lease in northwest Houston. The space is located at 7207 Wynnwood Lane in the Shady Acres neighborhood. Abraham Richardson and Grant Wisenbaker of Stream Realty represented the tenant in the lease negotiations. J.D. Diekman, Jon Michael and Ed Bane of Bridge Commercial represented the landlord.

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Patriot-Business-Park-Houston
DevelopmentIndustrialTexas

IDV Breaks Ground on 462,000 SF Industrial Project in North Houston

by Taylor Williams

HOUSTON — Investment & Development Ventures (IDV) has broken ground on Patriot Business Park, a 462,000-square-foot industrial project in North Houston. The site is located along Veterans Memorial Drive, and the development will comprise three front-load buildings with dock-high and drive-in ramps, as well as ESFR sprinkler systems. Completion is slated for the third quarter. Stream Realty Partners has been appointed as the leasing agent.

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Sweetwater-at-Buckingham-Richardson
AcquisitionsMultifamilyTexas

DVO Real Estate Buys 312-Unit Apartment Community in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — DVO Real Estate has purchased Sweetwater at Buckingham, a 312-uit apartment community in the northeastern Dallas suburb of Richardson. The property offers one-, two- and three-bedroom units with an average size of 889 square feet. Amenities include a pool, fitness center, business center and a playground. Drew Kile, Joey Tumminello, Michael Ware, Taylor Hill, William Hubbard, Cameron Purse and Shelby Clark of Institutional Property Advisors, a division of Marcus & Millichap, represented the seller, REM Finance, in the transaction. The team also procured DVO as the buyer.

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AcquisitionsRetailTexas

Younger Partners Acquires 150,775 SF Shopping Center in Longview, Texas

by Taylor Williams

LONGVIEW, TEXAS — Dallas-based Younger Partners Investments has acquired Longview Towne Crossing, a 150,775-square-foot shopping center located about 120 miles east of Dallas. PetSmart, Five Below and Old Navy anchor the center, which was built in 2008 and was 95.6 percent leased at the time of sale. Other tenants include James Avery, Cowboy Chicken, Sport Clips, Ulta Beauty, Crumbl Cookies, Sleep Number and Lane Bryant. Development firm Weber & Co. was the seller.

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AcquisitionsOfficeTexas

JLL Brokers Sale of 105,493 SF Office Building in West Houston

by Taylor Williams

HOUSTON — JLL has brokered the sale of Ten Plaza West, a 105,493-square-foot office building in West Houston. The six-story, recently renovated building was 76 percent leased at the time of sale to tenants in industries such as oil and gas, construction, financial services and law. Marty Hogan led the JLL team that represented the seller, Los Angeles-based Parkview Financial, in the transaction. The buyer was an undisclosed private investor.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 45,185 SF Industrial Lease Expansion in North Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has negotiated a 45,185-square-foot industrial lease expansion in North Houston. According to LoopNet Inc., the office building at 845 Greens Parkway was built in 2002 and totals 63,917 square feet. William Carpenter, Jeremy Lumbreras and Sherwood Hillyer of Stream represented the landlord, Prologis, in the lease negotiations. Justin Clark of Clark Gaines Properties represented the tenant, industrial chemicals provider Riteks Inc.

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