HOUSTON — Partners Real Estate has negotiated a 50,995-square-foot industrial lease in northwest Houston. The space is located within Building F of the property at 6410 Langfield Road and can support manufacturing usage. Travis Land and Braedon Emde of Partners represented the landlord in the lease negotiations. Gary Lawless and Kyle Willard of Cresa represented the tenant. Both parties requested anonymity.
HOUSTON — Colliers has negotiated a 26,847-square-foot industrial sublease in North Houston. According to LoopNet Inc. the building at 14440 John F. Kennedy Blvd. is one of two within the 192,000-square-foot Interwood Business Center. Barrett Gibson and David McMahon of Colliers represented the sublessor, Hospitality Solutions Inc., in the sublease negotiations. The name and representative of the sublessee were not disclosed.
DENTON, TEXAS — Locally based multifamily developer JPI has broken ground on Jefferson Bonnie Brae, a $132 million workforce housing project that will be located in the North Texas city of Denton. Jefferson Bonnie Brae will consist of five residential buildings and one leasing and amenity building. Of the development’s 461 units, 66 percent will be one-bedroom apartments, 30 percent will be two-bedroom residences and 4 percent will be three-bedroom units. Amenities will include a pool, fitness center, dog park, pickleball court and open green spaces. The first units are expected to be available for occupancy in the third quarter of next year, with full completion slated for 2027.
HOUSTON — Blacktop Industrial Trust, a South Florida-based REIT, has purchased the 337,705-square-foot Rosslyn Business Park in northwest Houston. Rosslyn Business Park consists of 11 buildings on a 45-acre site that were fully leased to seven tenants at the time of sale. Buildings feature clear heights of 20 to 55 feet and oversized grade-level doors, and the campus includes outdoor storage space. JLL provided financial advisory services to Blacktop. The seller was Houston-based Clay Development & Construction Inc. The sales price was not disclosed. JLL provided financial advisory services to Blacktop.
MCKINNEY, TEXAS — Greystone has provided a $19.8 million Fannie Mae loan for the refinancing of Legacy on Rockhill, a 128-unit build-to-rent property in McKinney, located north of Dallas. Built on 13.2 acres in 2023, Legacy on Rockhill offers one-, two- and three-bedroom single-family and duplex-style homes with private backyards. Amenities include a pool, fitness center, dog park and a bocce ball court. John Sloot of Greystone originated the debt. The borrower was not disclosed. The property was 94 percent occupied at closing.
EULESS, TEXAS — Canadian investment firm Western Wealth Capital (WWC), which also has an office in Phoenix, has purchased Park Place Townhomes, a 97-unit multifamily asset located near DFW International Airport in Euless. The property was built in 1980 and has an average unit size of 1,116 square feet. WWC partnered with StepStone Group on the deal, which involved the assumption of the existing mortgage. Brian Murphy of Newmark brokered the sale. Katie Runyan of Walker & Dunlop handled the loan assumption.
PLANO, TEXAS — PACE Equity and Lone Star PACE have provided $2.4 million in C-PACE financing for the renovation of Independence Medical Center, a 57,000-square-foot medical office building located north of Dallas in Plano. Planned upgrades include a replacement of HVAC systems, modernization of common areas and the installation of 56 covered parking spaces with solar-paneled rooftops. The property owner was not disclosed.
HOUSTON — JLL has brokered the sale of a 225,000-square-foot, vacant office building in northwest Houston. The nine-story building at 4646 W. Sam Houston N was built in 2001 within the 150-acre Westway Park master-planned development and was most recently leased to oilfield services company Schlumberger, now known as SLB. Marty Hogan and Kevin McConn of JLL represented the undisclosed seller in the transaction. The buyer was US Property Management.
NEWPORT BEACH, CALIF. — CrownPoint Partners, a California-based brokerage firm, has arranged the sale-leaseback of a portfolio of five gas stations in Texas. The locations were not disclosed, but the sites are situated within “high-growth” markets, according to CrownPoint. Julius Swolsky and Don Bingham III of CrownPoint represented the seller in the all-cash transaction and procured the buyer, a Delaware-based investment firm. Both parties requested anonymity.
DALLAS — California-based healthcare investment firm HPA Exchange has acquired the Nexus Dallas Children’s Hospital, a 86,880-square-foot facility located at 9525 Greenville Ave. on the city’s north side. Nexus Health Systems operates the facility, which was renovated in 2022 as a build-to-suit for the provider. The pediatric hospital features 30 beds (expandable to 60) and offers seven care programs across 10 specialized services. The seller and sales price were not disclosed.