RICHARDSON, TEXAS — Regional investment firm JAH Realty has acquired Richardson Heights, a 201,433-square-foot shopping center located on the northeastern outskirts of Dallas. Built in the 1950s, the center was 79 percent leased at the time of sale to tenants such as Alamo Drafthouse Cinema, T.J. Maxx and Half Price Books. Adam Howells, Chris Gerard, Ben Esterer and Keenan Ryan of JLL represented the seller, Silver Star Properties REIT, in the transaction. The sales price was not disclosed.
TOMBALL, TEXAS — Colliers has arranged the sale of a 48,500-square-foot industrial building in the northwestern Houston suburb of Tomball. The building sits on 7.3 acres at 915 S. Cherry St. and, according to LoopNet Inc., was originally constructed in 1974 and renovated in 2014. Tom Condon Jr. of Colliers represented the seller, an entity doing business as JPL Ventures South Cherry LLC, in the transaction. The buyer, Dixon Capital, was self-represented.
HOUSTON — Marcus & Millichap has brokered the sale of Yorktown Crossing, a 22,350-square-foot retail strip center in northwest Houston. The center sits on 2.6 acres and was fully leased at the time of sale to 12 tenants, all of which are signed to triple-net leases. Justin Miller and John Wagner of Marcus & Millichap’s Houston represented the seller, a private out-of-state investor, in the transaction. The buyer was a Houston-based private investor.
LEWISVILLE, TEXAS — Launch Entertainment, a concept centered on indoor trampolines, has signed a 46,039-square-foot retail lease in the northern Dallas suburb of Lewisville. The space is located within the Lakepointe Crossing shopping center that is anchored by Academy Sports + Outdoors, Conn’s HomePlus and Northern Tool + Equipment. Matt Luedtke and Taylor Black of Weitzman represented the undisclosed landlord in the lease negotiations. Venture Commercial represented Launch Entertainment.
LANCASTER, TEXAS — Walmart (NYSE: WMT) has opened a 730,000-square-foot food processing facility in Lancaster, a southern suburb of Dallas. About 500 people are expected to work at the facility, which will be used to receive and process produce, eggs, dairy products, flowers and frozen goods for delivery to nearby Walmart stores. The Arkansas-based discount retail giant, which also opened a fulfillment center in Lancaster in 2023, operates about 590 retail units in Texas and employs some 176,000 people throughout the state.
SAN ANTONIO — San Francisco-based mortgage banking firm Gantry has placed a $12 million loan for the refinancing of Lockaway Storage, a 716-unit facility in San Antonio. Built in 2018, the property spans 140,285 net rentable square feet and offers climate- and non-climate-controlled units, mini-office and warehouse spaces and oversized vehicle parking spaces. Tom Dao and Joe Foley of Gantry arranged the fixed-rate loan, which carries a five-year term and a 25-year amortization schedule, through an undisclosed life insurance company. The borrower was also not disclosed.
TULSA, OKLA. — Dallas-based brokerage firm The Multifamily Group (TMG) has arranged the sale of Heatheridge Assisted Living, an 87-unit seniors housing property located just outside the downtown Tulsa area. Built in 1990, the property offers one-bedroom units with four different floor plans and amenities such as a laundry room, entertainment room, outdoor courtyard and full-service salons. Jon Krebbs of TMG brokered the deal. The buyer and seller were not disclosed.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of Victory Shops at Heritage Trace IV, an 11,492-square-foot retail strip center in Fort Worth. Tenants at the property, which was fully leased at the time of sale, include Just Love Coffee Café, RevFit, Flossophy Dental Studio and Big Chicken. All tenants operate on triple-net leases. Chris Gainey and Philip Levy of Marcus & Millichap represented the undisclosed seller in the transaction.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 10,150-square-foot office sublease in Houston’s Greenway District. The sublessee, law firm Webster Vicknair MacLeod, is taking space at 24 Greenway Plaza, a 510,000-square-foot building that is owned by Granite Properties. Ryan Hartsell of Oxford Partners represented the law firm in the sublease negotiations. Nick Terry of Rifle CRE represented the sublessor, Wyatt Ranches of Texas LLC.
DENTON, TEXAS — Hillwood, a Perot company, has unveiled plans for Landmark by Hillwood, a 3,200-acre mixed-use project in the northern Dallas suburb of Denton. The project team includes Hillwood subsidiaries Hillwood Communities and Hillwood Properties. The plans call for 900 acres of commercial space comprising 5 million square feet of retail, hospitality and entertainment space, approximately 6,000 single-family homes and more than 3,000 multifamily units. The site, which is situated at I-35W and Robson Ranch Road, was previously known as Hunter Ranch. The parcel is one of the original land holdings purchased by the Perot family in 1987. The property encompasses Pilot Knob Hill, the highest point in Denton, according to Hillwood. Once completed, Landmark by Hillwood will offer 1,100 acres of park and open space, including Pilot Knob Hill, as well as an interconnected trail system, recreation areas and public parks. Hillwood also plans to construct a series of learning parks, which aim to promote nature education and engagement and will be open to the public. Hillwood plans to break ground on the first phase of the project this September. Phase I will comprise 747 single-family lots, with models slated to open in spring 2026. Planning and leasing are already underway …