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DevelopmentIndustrialTexasTop Stories

NVIDIA to Develop Two AI Supercomputer Manufacturing Plants in Texas As Part of $500B U.S. Investment

by John Nelson

SANTA CLARA, CALIF. — NVIDIA Corp. (NASDAQ: NVDA), a Santa Clara-based tech firm that primarily designs and manufactures graphics processing units (GPUs) for artificial intelligence (AI) use, plans to develop two new AI supercomputer manufacturing plants in Texas. The new projects will include a plant in Houston that NVIDIA is co-developing with Foxconn and a factory in Dallas that NVIDIA is building with Wistron. Further real estate specifics for the new facilities were not shared, but NVIDIA plans to create “digital twins” to design and operate the factories, which will be reliant on automation and robotics. Mass production of NVIDIA AI supercomputers at both plants is expected to ramp up in the next 12 to 15 months, according to NVIDIA. Additionally, NVIDIA announced that it has started production of NVIDIA Blackwell chips at the TSMC Arizona campus in Phoenix. NVIDIA is partnering with Amkor and SPIL for packaging and testing operations in Arizona. The new Texas plants and the production of NVIDIA Blackwell chips in Arizona are part of the company’s $500 billion push to mass produce NVIDIA AI supercomputers on U.S. soil, which would represent the first time that the company’s supercomputers were made entirely domestically. Together, the announcements …

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AcquisitionsIndustrialSelf-StorageTexas

JLL Brokers Sale of 482-Unit Self-Storage Facility in Southwest Austin

by Taylor Williams

AUSTIN, TEXAS — JLL has brokered the sale of Driftwood Self Storage, a 482-unit facility in southwest Austin. Constructed on 13.5 acres in 2021, Driftwood Self Storage comprises 96,433 net rentable square feet of climate-controlled space. The property, which was roughly 93 percent occupied at the time of sale, also features drive-up units, covered parking and fully enclosed RV units. Steve Mellon, Brian Somoza, Adam Roossien and Matthew Wheeler of JLL represented the Houston-based seller, The Jenkins Organization, in the transaction and procured the buyer, California-based Platinum Storage Group.

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IndustrialLeasing ActivityTexas

Gruns Nutrition Signs 37,581 SF Industrial Lease in Roanoke, Texas

by Taylor Williams

ROANOKE, TEXAS — Gruns Nutrition has signed a 37,581-square-foot industrial lease in the North Texas city of Roanoke. The provider of dietary supplements will occupy about half the space at the building at 215 Fairway Circle, which was completed last fall for its California-based owner-occupant, Aircraft Spruce. Todd Lambeth and Luke Clardy of Bradford Commercial Real Estate Services represented the landlord in the lease negotiations. George Curry of JLL represented the tenant.

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AcquisitionsRetailTexas

CenterSquare Acquires 27,500 SF Shops at Cinco Ranch in Metro Houston

by Taylor Williams

KATY, TEXAS — Metro Philadelphia-based CenterSquare Investment Management has acquired The Shops at Cinco Ranch, a 27,500-square-foot retail strip center located in the western Houston suburb of Katy. The center was 96 percent leased at the time of sale to tenants such as H&R Block, Portrait Dental and Palinuro Italian Café. Kaleb Rupp of Encore Real Estate Investment Services represented CenterSquare in the transaction. The seller and sales price were not disclosed.

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Leasing ActivityOfficeTexas

Holt Lunsford Negotiates 24,000 SF Office Lease Renewal in Plano

by Taylor Williams

PLANO, TEXAS — Holt Lunsford Commercial has negotiated a 24,000-square-foot office lease renewal in Plano. The tenant is White Rock Oil & Gas, and the space is located within Legacy Lincoln Two, a five-story, 130,371-square-foot building. Chase Stone and Paul Hernandez of Holt Lunsford represented the landlord, St. Louis-based Larson Capital Management, in the lease negotiations. John Ellerman of Stream Realty Partners represented the tenant.

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DevelopmentRetailTexas

D-BAT to Open 15,000 SF Baseball, Softball Training Facility at Valley Ranch in Porter, Texas

by Taylor Williams

PORTER, TEXAS — Baseball and softball training operator D-BAT will open a 15,000-square-foot facility at the Valley Ranch, Signorelli Co.’s master-planned development located northeast of Houston. The facility, which will be constructed on a 1.3-acre site that D-Bat purchased, will offer lessons, camps, workshops, event space, batting cage rentals, a fully stocked pro shop and monthly memberships. The facility will be D-Bat’s 10th in the Houston area and is scheduled to open this summer.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 220,482 SF Shopping Center in Greenville, Texas

by Taylor Williams

GREENVILLE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of Greenville Promenade, a 220,482-square-foot shopping center located northeast of Dallas. According to LoopNet Inc., the property is home to tenants such as Belk, Ross Dress for Less, Staples, J.C. Penney, Petco, Marshalls, GNC, Bealls and Hibbett Sports. Hudson Lambert and Jennifer Pierson of STRIVE represented the California-based seller in the transaction. Harrison Beethe, also with STRIVE, represented the local buyer. Both parties requested anonymity. Greenville Promenade was 100 percent leased at the time of sale.

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Leasing ActivityOfficeTexas

GEICO Signs 165,000 SF Office Lease at Galatyn Commons in Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — GEICO has signed a 165,000-square-foot office lease in the northeastern Dallas suburb of Richardson. The insurance provider will occupy the entirety of Building B at Galatyn Commons, a four-building, 800,000-square-foot campus. Anya Ostry, Doug Carignan, Travis Boyd and Christy Rhea of CBRE represented GEICO in the lease negotiations. Chris Taylor and Zach Bean of Cushman & Wakefield represented the landlord, Mapletree, a global investment firm based in Singapore, which just completed a renovation of the campus.

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Kennedale Industrial Park
AcquisitionsIndustrialTexas

Colliers Brokers Sale of 156,295 SF Industrial Park in Kennedale, Texas

by Taylor Williams

KENNEDALE, TEXAS — Colliers has brokered the sale of Kennedale Industrial Park, a 156,295-square-foot development located on a 13.2-acre site just south of Fort Worth. Kennedale Industrial Park, which was 36 percent leased at the time of sale, consists of six buildings that were completed in 2024. Buildings can support multiple tenants and feature 18- to 22-foot clear heights, 71 grade-level doors and two dock-high doors. Cody Payne, Michael Tran, Austin Edelmon and Nick Miller of Colliers represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

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Leasing ActivityOfficeTexas

Holt Lunsford Negotiates 51,000 SF Office Lease Renewal in Carrollton, Texas

by Taylor Williams

CARROLLTON, TEXAS — Holt Lunsford Commercial has negotiated a 51,000-square-foot office lease renewal in the northern Dallas metro of Carrollton. The tenant is Kristopher James Co., which provides printing, mailing and consulting services to the finance industry, and the building is located at 1406 Dunn Drive. Hudson Sheets and Adam Curran of Holt Lunsford represented the tenant in the lease negotiations. Andrew Gilbert and Keaton Brice, also with Holt Lunsford, represented the undisclosed landlord.

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