Texas

Aligned Partners With Lambda on $700M Data Center Project in Plano

by John Nelson May 8, 2025

PLANO, TEXAS — Aligned Data Centers LLC, a data center developer and operator based in Plano, has partnered with Lambda Inc., a cloud computing company backed by Nvidia. Lambda will occupy DFW-04, Aligned’s newest data center under construction in its home market. The Dallas Morning News reported that the facility represents an investment of $700 million. Lambda’s AI Cloud platform will be integrated into the new data center, which is anticipated to be available in 2026. Situated at 401 N. Star Road, DFW-04 will comprise 425,000 square feet and support Lambda’s highest-density graphics processing units (GPUs), essential tools for AI and machine learning users. The new 44-acre facility will have an onsite substation and will feature Aligned’s proprietary air and liquid cooling technologies. DFW-04 will also have more than 5,000 megawatts of future capacity. The new facility will be situated within three miles of DFW-01 and DFW-02, which also serves as Aligned’s corporate headquarters. Aligned is also currently underway on DFW-03, a 27-acre data center project in Mansfield, Texas, that is set to deliver later this year. “Aligned is the ideal partner to help Lambda build large, flexible space that meets the AI demands of today and tomorrow,” says Ken …

May 8, 2025

Build-to-Rent Development Single-Family Rental Texas

ONM Living to Develop 290-Unit Build-to-Rent Community in Anna, Texas

by Taylor Williams May 7, 2025

ANNA, TEXAS — Locally based firm ONM Living will develop Cottages at Century Farms, a 290-unit build-to-rent community that will be located in the North Texas city of Anna. The development will be situated on a 23-acre site within a master-planned community and will offer studio, one-, two- and three-bedroom homes that will range in size from approximately 350 to 1,400 square feet. Homes will feature fenced yards, covered front porches, granite countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities will include a fitness center, pool, pickleball and other sports courts, dog park and walking trails. Leasing is scheduled to begin late next year.

May 7, 2025

Development Multifamily Texas

Z Modular Begins Leasing 264-Unit Multifamily Project in Marble Falls, Texas

by Taylor Williams May 7, 2025

MARBLE FALLS, TEXAS — Z Modular, a division of Zekelman Industries, has begun leasing at FLATZ 830, a 264-unit multifamily project in Marble Falls, roughly 50 miles northwest of Austin. Units come in studio, one-, two- and three-bedroom floor plans, according to Apartments.com. Amenities include a pool, fitness center, multi-sport simulator, pet park, coworking lounge, private conference room and complimentary coffee bar. Rents start at approximately $1,400 per month for a studio apartment.

May 7, 2025

Acquisitions Multifamily Texas

Lion Real Estate Group Acquires 241-Unit Apartment Complex in West Houston

by Taylor Williams May 7, 2025

HOUSTON — Lion Real Estate Group, a Dallas-based investment firm, has acquired Villages of Briar Forest, a 241-unit apartment complex in West Houston. Built in 1999, the property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, coffee bar and a dog park. Lion plans to renovate select unit interiors with new quartz countertops, vinyl plank flooring, backsplashes, cabinetry and lighting packages. Thomas Alleman of Newmark brokered the deal.

May 7, 2025

Acquisitions Industrial Leasing Activity Texas

RAF Pacifica Buys 15,750 SF Warehouse in Dallas, Renews Lease with Gallery DeFi

by Taylor Williams May 7, 2025

DALLAS — RAF Pacifica Group, a Southern California-based investment firm, has purchased a 15,750-square-foot warehouse in the Trinity Groves area of Dallas. According to LoopNet Inc., the building at 2200 Evanston Ave. was built in 1961 and renovated last year. The building comprises 13,231 square feet of warehouse space and 2,241 square feet of office space and features 16- to 20-foot clear heights. RAF has also negotiated a 10-year lease extension with the tenant, Gallery DeFi, an operator of immersive art experiences.

May 7, 2025

Industrial Leasing Activity Texas

Tefute USA Signs 9,000 SF Industrial Lease in Fort Worth

by Taylor Williams May 7, 2025

FORT WORTH, TEXAS — Tefute USA has signed a 9,000-square-foot industrial lease in Fort Worth. The roofing manufacturer is taking space at Riverbend Business Park, a development that consists of 1.4 million square feet of space across 32 buildings. Grayson Fleitz and Matt Carthey of Holt Lunsford Commercial represented the landlord, Riverbend Properties, in the lease negotiations. The tenant representative was not disclosed.

May 7, 2025

Acquisitions Multifamily Student Housing Texas

Joint Venture Acquires 792-Bed Student Housing Community Near Oklahoma State University

by Taylor Williams May 6, 2025

STILLWATER, OKLA. — A joint venture between Monument Square Investment Group and affiliates of Walton Street Capital has acquired Cottage Row Stillwater, a 792-bed student housing community located near the Oklahoma State University campus in Stillwater. Developed in 2013, the property offers 231 cottage-style units and townhomes in two-, three-, four- and five-bedroom configurations. Shared amenities include a recently renovated, 11,000-square-foot clubhouse with study rooms, entertainment spaces and a fitness center; resort-style pool and hot tub; grilling stations; green space; full-sized basketball and sand volleyball courts; and a putting green. The joint venture plans to implement several capital improvements at the property, including new exterior paint and enhancements to the pool deck. The seller and additional terms of the transaction were not released.

May 6, 2025

Development Multifamily Texas

Parkspring to Develop 392-Unit Multifamily Project in Waco

by Taylor Williams May 6, 2025

WACO, TEXAS — Texas-based Parkspring Multifamily will develop a 392-unit multifamily project within the Cottonwood Creek master-planned development in Waco. Commons at Cottonwood Creek will offer a mix of one- and two-bedroom apartment homes that will range in size from 754 to 1,028 square feet. Residences will feature stainless steel appliances, quartz countertops, wood-vinyl plank flooring, full-size washers and dryers, smart-home technology and private yards in select units. Amenities will include a resident clubhouse with a kitchen, coffee bar, pool table, golf simulator and TVs; a business center with private conference rooms and coworking spaces; a resort-style pool with tanning ledges; a fully equipped athletic club; outdoor kitchen areas; and an onsite dog park. EDI International is the project architect, and OHT Partners is the general contractor. Construction will begin this month and is expected to be complete in mid-2027. NewQuest is the master developer of Cottonwood Creek.

May 6, 2025

Acquisitions Retail Texas

STRIVE Arranges Sale of 17,346 SF Retail Strip Center in Denton, Texas

by Taylor Williams May 6, 2025

DENTON, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of University Place, a 17,346-square-foot retail strip center located in the North Texas city of Denton. Tenants include Dunkin’, Tuk-Tuk Thai Kitchen, Metro by T-Mobile, Palm Beach Tan, Boomer’s Grill, CashMax Title & Loan, Allure Nail Bar Denton and Artisan Vapor & CBD Denton. Hudson Lambert and Jennifer Pierson of STRIVE brokered the deal. The buyer and seller were not disclosed.

May 6, 2025

Leasing Activity Retail Texas

Smoothie King Opens Seven New Stores in Texas

by Taylor Williams May 6, 2025

DALLAS — Smoothie King has opened seven new stores in Texas through the first four months of 2025. The openings are part of the metro Dallas-based retailer’s expansion plans, which involved opening 13 new stores (inclusive of the Texas locations) across eight states in early 2025, as well as securing 20 new store commitments, with approximately 60 percent of the signings obtained with existing franchisees. The new agreement spans 15 different markets across 12 states, including multi-unit deals in New York and Phoenix.

May 6, 2025

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