Monday, June 9, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Texas

Westmount-at-Forest-Oaks-Arlington
AcquisitionsMultifamilyTexas

Westmount Realty Capital Sells 164-Unit Apartment Complex in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Dallas-based investment firm Westmount Realty Capital has sold a 164-unit apartment complex in Arlington. Built on 7.4 acres in 1980, Westmount at Forest Oaks is a garden-style property that offers one- and two-bedroom units with an average size of 736 square feet. Amenities include a pool, playground and a fitness center. Westmount bought the property in 2016 and undertook renovations. William Hubbard, Michael Ware, Taylor Hill, Drew Kile and Joey Tumminello of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Westmount in the transaction. The team also procured the undisclosed buyer, which plans to further implement capital improvements. 

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityRetailTexas

Ross Dress for Less to Open 22,000 SF Store at Buckingham Plaza in Garland, Texas

by Taylor Williams

GARLAND, TEXAS — Ross Dress for Less will open a 22,000-square-foot store in the northeastern Dallas suburb of Garland. The space is located within Buckingham Plaza, a shopping center that is also home to tenants such as dd’s Discounts, DTLR Villa, Dickey’s Barbecue Pit, Burger Island and Metro by T-Mobile. Matt Luedtke, Ben Terry, Max Johnston and Bernard Shaw of Weitzman represented the undisclosed landlord in the lease negotiations. Jim Tapp of The Tapp Co. represented Ross Dress for Less.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

Archer Systems Renews 17,000 SF Office Lease at Stonecreek in Northwest Austin

by Taylor Williams

AUSTIN, TEXAS — Archer Systems, a Houston-based provider of comprehensive legal settlement solutions, has renewed its 17,000-square-foot office lease at Stonecreek, a 76,910-square-foot building in northwest Austin. Built in 2000, Stonecreek features a conference room, lobby and a tenant break room. Matt Frizzell, Brian Liverman and Kevin Granger of Cushman & Wakefield represented the landlord, Drawbridge Realty, in the lease negotiations. Alecia Schneider and Drew Morris of Savills represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityOfficeTexas

Federated Mutual Insurance Signs 15,731 SF Office Lease in North Richland Hills, Texas

by Taylor Williams

NORTH RICHLAND HILLS, TEXAS — Federated Mutual Insurance Co. has signed a 15,731-square-foot office lease at Corporate Centre at the Crossing in North Richland Hills, located north of Fort Worth. The 226,650-square-foot complex was built in phases between 1991 and 2003. James Stein of CBRE represented the tenant in the lease negotiations. Jake Neal, Matt Carthey and Vic Meyer of Holt Lunsford Commercial represented the landlord, Capital Commercial.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 11,760 SF Vacant Retail Building in Downtown Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of an 11,760-square-foot vacant retail building in downtown Fort Worth. The three-story building at 913 Houston St. is located across from the Fort Worth Convention Center, which is undergoing a $500 million expansion. Joe Santelli of Marcus & Millichap represented the seller, a developer, and procured the buyer. Both parties were locally based entities that requested anonymity.

Continue Reading
FacebookTwitterLinkedinEmail
Cottages-at-San-Marcos
AcquisitionsMultifamilyStudent HousingTexas

CBRE Arranges Sale of 899-Bed Student Housing Community Near Texas State University

by Taylor Williams

SAN MARCOS, TEXAS — CBRE has arranged the sale of Cottages at San Marcos, an 899-bed student housing community located near the Texas State University campus in San Marcos. Built in 2014, the community offers 194 cottage- and townhome-style units in three-, four-, five- and six-bedroom configurations. Amenities include a 12,000-square-foot clubhouse; three-tiered pool; private shuttle service to campus; a two-story gym with a locker room and Pilates and Zumba rooms; study rooms; a game room; pet washing station; walking trail; and basketball courts. Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE represented the seller, an undisclosed Singapore-based global real estate company. The buyer and sales price were also not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLoansTexas

Red Oak Capital Provides $9.7M Loan for Refinancing of Industrial Facility in Wichita Falls, Texas

by Taylor Williams

WICHITA FALLS, TEXAS — Red Oak Capital Holdings has provided a $9.7 million bridge loan for the refinancing of the Panda Biotech High Plains Hemp Gin facility in Wichita Falls, about 115 miles northwest of Fort Worth. Built in 1978 and renovated to the tune of $34 million over the years, the facility comprises seven buildings totaling 472,903 square feet on a 97-acre site. Grant Garlock and Miles Kallial of BMC Capital arranged the loan, which carries a two-year term and a fixed 10.5 percent interest rate, through Red Oak. The new financing allows the sponsor, Panda Biotech CEO Robert Carter, to continue operations at what is projected to be the largest industrial hemp processing facility in the world.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentRetailTexas

Walmart to Open 200,000 SF Supercenter Store in Celina, Texas

by Taylor Williams

CELINA, TEXAS — Walmart will open a 200,000-square-foot store in the North Texas city of Celina that will be operated under the Arkansas-based retail giant’s Supercenter brand. The store will be located at the northwest corner of Preston Road and the West Outer Loop and will house a full-service grocery store and pharmacy, as well as electronics, apparel and home goods departments. Walmart is developing the store in partnership with the Celina Economic Development Corp. Construction is underway, and the opening is slated for next spring.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsMixed-UseTexas

P4 Capital, Elevate Equity Buy 112,678 SF Mixed-Use Property in Dallas Design District

by Taylor Williams

DALLAS — A partnership between P4 Capital and Elevate Equity Partners has purchased a 112,678-square-foot mixed-use property in the Dallas Design District. The property, which comprises three sites totaling 4.4 acres at 1800 Irving Blvd., 1715 Market Center Blvd. and 1805 Market Center Blvd, was originally built to house industrial and office uses. The new ownership plans to redevelop the property into a retail, restaurant and entertainment destination. Jonathan Carrier of JLL represented the seller, a partnership between Quadrant Investment Partners and Maryland-based FCP, in the transaction.

Continue Reading
FacebookTwitterLinkedinEmail
IndustrialLeasing ActivityTexas

SportzBlitz Signs 27,000 SF Lease at Industrial Flex Building in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — SportzBlitz LLC has signed a 27,000-square-foot lease in the North Texas city of Lewisville. The provider of athletic media content is taking space at the industrial flex building located at 1000 Spinks Road, which according to LoopNet Inc. was completed last year. Adam Curran and Harrison Davis of Holt Lunsford Commercial represented the owner, Leila Real Estate LLC, in the lease negotiations. Tomas Wilson of Lee & Associates represented the tenant.

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts