CONROE, TEXAS — SurePoint Self Storage has delivered a 744-unit facility in Conroe, about 40 miles north of Houston. Operated by CubeSmart, the facility is located within Johnson Development’s Grand Central Park master-planned community and spans approximately 94,000 square feet of net rentable, climate-controlled space. The facility, which was originally announced in early 2022, is SurePoint’s 14th self-storage development in the greater Houston area.
CARROLLTON, TEXAS — Cushman & Wakefield has brokered the sale of Lux on Main, a 352-unit apartment community located in the northern Dallas metro of Carrollton. Built in 2019, the property offers studio, one- and two-bedroom units. Amenities include a pool, wellness center, resident lounge and a business center, as well as 4,095 square feet of fully leased retail space. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller, Nimes Real Estate, in the transaction. RPM Living purchased the asset for an undisclosed price.
ROUND ROCK, TEXAS — Developer IDI Logistics has completed a 310,689-square-foot industrial project in the northern Austin suburb of Round Rock. The three-building project represents Phase I of Sunrise Commerce Center, a 465,786-square-foot speculative development that will ultimately comprise five buildings on a 37-acre site. Phase I’s rear-load buildings range in size from 59,274 to 175,170 square feet. Project partners included 5G Studio Collaborative, Pacheco Koch and Adolfson & Peterson Construction. Construction began in May 2023.
LAREDO, TEXAS — Chicago-based private equity real estate firm Timber Hill Group has purchased four industrial outdoor storage (IOS) sites totaling 23.1 acres in the Rio Grande Valley city of Laredo. The sites at 701 Enterprise St. and 4006 Quivira Drive will have new facilities developed from the ground up that are expected to be complete by mid-2025. Timber Hill will renovate the existing facilities at the sites at 18729 and 18701 Metropolitan Road. The seller was not disclosed.
SAN ANTONIO — Dallas-based EōS Fitness has signed a 42,500-square-foot retail lease in San Antonio for its first Central Texas location. The space is located within The Shops at Redland Road in the city’s Stone Oak neighborhood, and the new facility will consist of 40,000 square feet of indoor space and 2,500 square feet of contiguous outdoor space. The opening is scheduled for 2026.
DALLAS — Goldman Sachs has provided a $227 million loan for the refinancing of The Union, a 505,994-square-foot office and retail property in Uptown Dallas. The Union’s 21-story office building was completed in 2018 and offers amenities such as a fitness center, tenant lounge and conference facility. Tenants include Salesforce, Invesco, Akin Gump and Weaver. A Tom Thumb grocery store anchors the property’s retail component, which is also home to restaurants The Henry and North Italia. Jim Curtin, Greg Napper and Rex Cruz of JLL arranged the loan on behalf of the borrower, a joint venture between KB Asset Management and RED Development. The Union also houses a 309-unit apartment community.
AUSTIN, TEXAS — A partnership between two locally based companies, developer Riverside and operator MML Hospitality, has broken ground on Sixth&Blanco, a mixed-use project located just west of downtown Austin. The site spans 1.6 acres at the corner of West Sixth and Blanco streets. The mass timber development will consist of 10 for-sale residences, a 57-room hotel, retail and restaurant space, art galleries and a members-only social club. Swiss architectural firm Herzog & de Meuron is designing Sixth&Blanco. Arvest Bank provided a $193 million construction loan for the project, with Prosperity Bank and Southside Bank also contributing to the financing.
LAREDO, TEXAS — CBRE has negotiated a 432,085-square-foot industrial lease in the Rio Grande Valley city of Laredo. The tenant, an undisclosed global logistics company, will occupy Building 1 at North Laredo Industrial Park, a speculative structure that features 112 dock positions, three drive-in doors, 224 trailer parking spaces and 17,000 square feet of newly constructed office space. Josh Aguilar and Rob Burlingame of CBRE represented the landlord, VanTrust Real Estate, in the lease negotiations. Kristina Madayag of KBC Advisors and Carlo Molano of Forum Commercial Real Estate represented the tenant.
LEWISVILE, TEXAS — Locally based brokerage firm Disney Investment Group (DIG) has arranged the sale of Valley Square, a 57,812-square-foot shopping center located in the northern Dallas suburb of Lewisville. The center was fully leased to 21 tenants at the time of sale. David Disney and Adam Crockett of DIG represented the seller, Dallas-based LRIC Properties, in the transaction. Will Walters of DuWest Realty represented the undisclosed buyer, which purchased the asset via a 1031 exchange.
DALLAS — Law firm Morgan, Lewis & Bockius has signed a 29,360-square-foot office lease renewal at Comerica Bank Tower, located at 1717 Main St. in downtown Dallas. The length of the new lease term was not disclosed. Rhett Miller, Patrick Cruz and Sam Bass of Stream Realty Partners represented the undisclosed landlord in the lease negotiations. Jon McNeil and Daryl Mullin of JLL represented the tenant.
