TERRELL, TEXAS — Cleveland-based financial intermediary BWE has arranged a $36 million loan for the refinancing of Crossroads at Terrell, a 260,877-square-foot shopping center located east of Dallas. Built between 2022 and 2024 within a larger mixed-use development, the center is home to tenants such as Hobby Lobby, Academy Sports + Outdoors, Marshalls, Burke’s Outlet and Petco. Matt Good of BWE arranged the loan through an undisclosed life insurance company. The borrower was also not disclosed.
LEWISVILLE, TEXAS — Toyota Motor Sales USA Inc. has signed a 121,188-square-foot industrial lease renewal in Lewisville, a northern suburb of Dallas. The company will remain a tenant at the building at 1825 Midway Road, which according to LoopNet Inc. was completed in 2018. Melissa Holland of JLL represented the tenant in the lease negotiations. Chicago-based investment firm ML Realty Partners owns the property.
MIDLOTHIAN, TEXAS — General contractor Steele & Freeman has completed a 77,000-square-foot civic project in Midlothian, a southern suburb of Dallas. Designed by Hoefer Welker, the new facility at 1111 George W. Raffield Jr. Way houses the operations of the city’s police and fire departments, as well as the municipal court. Voters approved the new facility via a 2021 bond election.
AUSTIN, TEXAS — Locally based developer Industry ATX has delivered Industry SOMA, a 23-unit affordable housing project in Austin’s South Menchaca neighborhood. The townhome-style residences are housed and are reserved for households earning 80 percent or less of the area median income. Units have an average size of about 1,100 square feet. Mark Odom Studio designed the project, construction of which began in fall 2022.
TEXARKANA, TEXAS — Renew Trucks has signed a 2,604-square-foot industrial lease expansion at TexAmericas Center, a 12,000-acre mixed-use and industrial park located near the Arkansas-Texas border in Texarkana. The site spans 2.3 acres at 139 Miller St. and is adjacent to Renew’s existing facility. The deal brings the company’s total footprint at TexAmericas Center to 16,673 square feet.
HOUSTON — In the span of eight months — a blip in the life cycles of most commercial real estate deals and projects — lenders in the Houston industrial space have gone from enthusiastic to tepid to back to borderline optimistic. This pendulum-like pattern that has reflected the vacillating appetites of capital providers to deploy funds is not unique to the Houston industrial market. At the start of the year, commercial lenders across a range of asset classes and markets expressed positive expectations for 2025. A new, pro-business presidential administration, the building on short-term interest rate cuts in late 2024, a widespread sense that it was simply time to get back into the game — all of these notions played into an ebullient outlook for commercial deal volume in the new year. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. It would not last very long. Unconventional, sweeping policies implemented by the second Trump administration, including mass layoffs of federal employees and implementation of tariffs on major American trading partners, deeply rattled investors and capital providers. Even as the administration …
GALVESTON, TEXAS — An American affiliate of Canadian shipbuilder Davie will open a $1 billion ‘icebreaker’ factory in the southeastern coastal Texas city of Galveston, according to reports from multiple publications that cover that industry, including The Maritime Executive and Marine Insight. According to the former publication, the factory will be located within the city’s Gulf Copper Yard and will be purpose-built for manufacturing ships for the U.S. Department of Defense and its polar exploration initiatives. The latter publication reports that Davie is developing the factory in partnership with Pearlson, a Florida-based specialist in shipyard design and program management. Marine Insight also reports that the project could support more than 7,000 jobs across Texas and have a regional economic impact of about $9 billion.
HOUSTON — Crow Holdings Development is underway on construction of Rushcreek Business Park, a 446,123-square-foot industrial project in North Houston. The development will consist of two front-load buildings that will span 137,588 and 308,535 square feet. The buildings will feature 32- and 36-foot clear heights, respectively, and a combined 101 dock-high doors, six drive-in ramps and 259 car parking spaces. CBRE has been tapped as the leasing agent. Construction is slated for a summer 2026 completion.
BAYTOWN, TEXAS — Locally based developer BCS has broken ground on Grove Business Park, a 438,960-square-foot industrial project that will be located in the eastern Houston suburb of Baytown. The site spans 46 acres, and the development will feature nine buildings that will range in size from 30,000 to 120,120 square feet. Urban Cos. has been selected as the design-build firm for the project, and Altar Group will be the civil engineer. Partners Real Estate is the leasing agent. Completion is slated for the third quarter of 2026.
HOUSTON — Stream Realty Partners has arranged a 36,340-square-foot industrial lease expansion at 7121 Brittmoore Road in northwest Houston. Information on the property was not available on LoopNet Inc. Garret Geaccone, Boone Smith and Jack Rathe of Stream represented the landlord, DRA Advisors, in the lease negotiations. Nile Copeland of World Wide Realty represented the tenant, ChiChi Trade.