DALLAS — Nonprofit media organization KERA has broken ground on a 60,000-square-foot headquarters facility at 3000 Harry Hines Blvd. in Uptown Dallas. Architecture firm Corgan designed the new facility, which will include performance spaces and podcast studios, and Kaizen Development Partners will lead construction. KERA relocated to a temporary space at One Arts Plaza in downtown Dallas last February. Construction is slated for a late-2027 completion.
PLANO, TEXAS — Airspan Networks has signed a 12,363-square-foot lease expansion in Plano. The global provider of 5G access and transport solutions is consolidating its Florida and California operations to R&D at Legacy, a 374,275-square-foot flex development, where Airspan now occupies roughly 26,000 square feet. Josh Walpole of Walpole Realty Group represented the tenant in the lease negotiations. Chase Lopez, James Mantzuranis and Sam Bass of Stream Realty Partners represented the landlord, BH Properties.
DALLAS — Northmarq has arranged the sale of Eastline Residences, a 28-story apartment tower in North Dallas. Delivered in 2021 by Convexity Properties, Eastline Residences offers 330 units in studio, one-, two- and three-bedroom units, as well as penthouses on the top four floors. Residences feature stainless steel appliances, quartz countertops, individual washers and dryers and private balconies/patios. Amenities include a pool, clubhouse, fitness center and a business center. Taylor Snoddy, Eric Stockley and Charles Hubbard of Northmarq represented Convexity in the sale. Kevin Leamy and Lauren Bresky, also with Northmarq, arranged an undisclosed amount of acquisition financing on behalf of the buyer, New York City-based Kushner Cos.
TOMBALL, TEXAS — Atlanta-based developer Wood Partners has broken ground on Alta Timberline, a 204-unit multifamily project in Tomball, a northern suburb of Houston. Alta Timberline will consist of seven three-story buildings that will house one-, two- and three-bedroom units. Residences will be furnished with stainless steel appliances, granite countertops and individual washers and dryers. Ground-floor residences will feature private yards, and upper-level apartments will have balconies. Amenities will include a pool, fitness center, two pickleball courts, a dog park, business lounge, coffee bar and outdoor grilling and dining stations. Completion is slated for summer 2027.
HOUSTON — Marcus & Millichap has brokered the sale of Huntwick Village, a 61,982-square-foot shopping center in northwest Houston. Built in 1980, the center is home to tenants such as Krazy Seafood, Jinya Ramen Bar, Jawhealth Dental, Sena Pharmacy, Los Reyes Mexican Restaurant and Da’ Town Sports Bar & Lounge. Scott Abeel and Philip Levy of Marcus & Millichap represented the seller, a private owner, in the transaction, and procured the buyer, a private equity firm. Both parties were Houston-based entities that requested anonymity.
PLANO, TEXAS — Riken Vitamin Co. has signed a 12,653-square-foot lease in Plano. The Japanese producer of food additives and vitamins is relocating from California to R&D at Legacy, a 374,275-square-foot flex development. Doug Carignan and Landon Brune of CBRE represented the tenant in the lease negotiations. Chase Lopez, James Mantzuranis and Sam Bass of Stream Realty Partners represented the landlord, BH Properties.
CYPRESS, TEXAS — Enchanted Rock has signed a 407,302-square-foot industrial lease in the northwestern Houston metro of Cypress. The power generation company and provider of clean energy solutions will occupy the entirety of the building at 18501 Mound Road, the first building to be delivered within Prologis’ 350-acre Legacy Point development. Building features include a cross-dock configuration, 36-foot clear heights and “abundant” car and trailer parking. Robert Alinger and Wes Williams of Colliers represented Prologis in the lease negotiations. Enchanted Rock was self-represented.
SAN ANTONIO — Walker & Dunlop has arranged a $46.5 million loan for the refinancing of Park at Westover Hills, a 372-unit apartment community located in the Far West submarket of San Antonio. Park at Westover Hills is a garden-style community that consists of 14 buildings that house studio, one-, two- and three-bedroom units. Amenities include a pool, fitness center, conference rooms, coffee bar, outdoor grilling and dining areas and two dog parks. Walker & Dunlop Investment Partners provided the loan to GenCap Partners, which developed the property in partnership with International Development.
HOUSTON — JLL has negotiated the sale of the Northwest Houston Manufacturing Portfolio, a collection of four single-tenant industrial buildings totaling 127,626 square feet. The buildings were all constructed between 2000 and 2005 and feature an average clear height of 24.5 feet. Trent Agnew, Charles Strauss and Lance Young of JLL represented the undisclosed seller in the transaction. Campbell Roche, Jarrod McCabe and Jack Britton, also with JJLL, arranged acquisition financing through Washington Federal Bank on behalf of the buyer, MoxieBridge. The portfolio was 100 percent leased at the time of sale to a roster of tenants with a weighted average remaining lease term of 3.8 years.
SHERMAN, TEXAS — Marcus & Millichap has brokered the sale of a 69-room Comfort Inn hotel in the North Texas city of Sherman. Built on 4.3 acres in 1999 and renovated in 2020, the hotel offers a business center, fitness center, indoor pool and onsite laundry facilities. Chris Gomes, Allan Miller and Skyler Cooper of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction.