TYLER, TEXAS — LifeCare has sold The Blake at Tyler, a 115-unit seniors housing property located about 100 miles east of Dallas. The Blake at Tyler opened in 2024 and houses 72 independent living unit and 43 memory care residences. Amenities include a salon, chapel, theater, physical therapy clinic, multiple dining venues and courtyards. The name of the buyer, a publicly traded REIT, as well as the sales price, were not disclosed. Blake Management Group will continue to operate the property.
KATY, TEXAS — JLL has brokered the sale of Firethorne Plaza, a 29,986-square-foot retail strip center in the western Houston suburb of Katy. Located at the entrance to the Firethorne master-planned community, the center was fully leased at the time of sale to tenants such as Edward Jones, Pizza Hut, Tide Cleaners and Eye Level Learning. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was Cincinnati-based shopping center REIT Phillips Edison & Co.
HOUSTON — JLL has negotiated the sale of a six-building, 1 million-square-foot industrial park in northwest Houston. Northwest Spur Industrial Park spans 43.5 acres and houses shallow-bay buildings that were constructed in 1980. Building features include 18- to 24-foot clear heights, 216 dock doors, 24 ramps, 587 car parking spaces and recently updated roofing systems across all buildings. Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the undisclosed seller in the transaction. The buyer was High Street Logistics Properties. Northwest Spur Industrial Park was fully leased to 14 tenants at the time of sale.
HALTOM CITY, TEXAS — Newmark has arranged the sale of a portfolio of two multifamily properties totaling 586 units in Haltom City, a northern suburb of Fort Worth. Hidden Lakes and The Ranch at Fossil Creek total 312 and 274 units, respectively. Both properties offer one-, two- and three-bedroom floor plans and amenities such as pools, fitness centers, clubhouses, business and coworking spaces, sports courts and outdoor recreation areas. Richard Furr, Brian O’Boyle Jr. and Brian Murphy of Newmark represented the seller, Exponential Property Group, in the transaction. The buyer was Mox Living. Braden Harmon, Hank Glasgow and Jeff Fein, also with Newmark, arranged acquisition financing for the deal.
ROWLETT, TEXAS — North Carolina-based investment firm Prudent Growth Partners has acquired Scenic Square, a 28,850-square-foot retail center in Rowlett, approximately 20 miles northeast of Dallas. The sales price was $7.4 million. The center was fully leased at the time of sale to tenants including Baylor Scott & White Outpatient Rehabilitation, HealthPro Pharmacy & Wellness Center, Eagle Food Beer & Wine, Wanda’s Studio and The Track Grill and Bar. The seller was not disclosed.
PLANO, TEXAS — WeWork will expand its coworking space in Plano by 26,888 square feet. Upon opening in the coming weeks, the space will span 53,776 square feet across two floors within Legacy Town Center, located at 6900 N. Dallas Parkway. In addition to the coworking lounge, the space also offers collaborative meeting rooms and turnkey private offices. California-based KBS owns Legacy Town Center.
FORT WORTH, TEXAS — Constellation Real Estate Partners has broken ground on a 492,624-square-foot industrial project in South Fort Worth. The site at 5933 South Freeway spans 44 acres, and the project, which will be known as Constellation Summit 35, will feature 40-foot clear heights and parking for 296 cars and 194 trailers. Constellation has tapped KBC Advisors as the leasing agent. Construction is expected to be complete in the third quarter of next year.
HOUSTON — A partnership between The NHP Foundation, Trinity East Village Community Development Corp. and Housing Alliance HTX, will develop an affordable seniors housing project in Houston. Trinity East Senior Village, the property will comprise 90 units for residents age 55 and older in the city’s Third Ward neighborhood. Construction is scheduled to begin this summer, with the opening scheduled for 2027. NRP Construction will serve as the general contractor for the project.
LUBBOCK, TEXAS — Housing Trust Group has completed an affordable housing conversion project in the West Texas city of Lubbock. The project transformed the historic vacant Jim Kimmel Center, which was originally constructed in 1964 as a 91-room motel, into a complex with 56 units that are reserved for households earning between 30 and 80 percent of the area median income. The project also involved the demolition of a restaurant and gas station on the site. Wallace Architects oversaw the project’s historic preservation efforts. Schmidt & Stuart Architects designed the original building in the 1960s.
KILLEEN, TEXAS — Red Oak Capital Holdings has provided a $3.4 million bridge loan for Cedar Creek Apartments, a 60-unit multifamily complex located in the Central Texas city of Killeen. Built in the early 1960s and renovated in 2024, Cedar Creek is a 15-building complex with one- and two-bedroom units. Nick Jans of Red Oak arranged the 12-month loan through Regions Bank on behalf of the borrower, JCORE. Proceeds will be used to fund the acquisition of the property and subsequent capital improvements.