HOUSTON — Locally based brokerage firm Moody Rambin has arranged the sale of Bennington Business Park, a 33,000-square-foot industrial complex located in the Independence Heights area of Houston. The complex spans 1.3 acres and includes traditional warehouse and small-bay industrial space. Stephen Ghedi and Lawton Anderson of Moody Rambin represented the seller, locally based investment firm Crescere Capital Management, in the transaction. The buyer was Rivergate Capital.
DALLAS — PGIM has signed a 16,479-square-foot office lease in Uptown Dallas. The New Jersey-based asset manager is taking space on the 11th floor of 23Springs, a newly constructed, 26-story building, Rachel Gorney and Scott Hage of JLL represented PGIM, which plans to take occupancy next spring, in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado internally represented the landlord, Granite Properties, which owns the building in partnership with Highwoods Properties.
JUNCTION, TEXAS — Marcus & Millichap has brokered the sale of Gordo’s Travel Center, a 15,000-square-foot gas station and convenience store in Junction, about 115 miles northwest of San Antonio. Built in 2025, the property offers seven multi-product fuel pumps, six diesel stations and showers and restrooms, as well as food and beverages from brands such as Charleys Cheesesteaks, Sbarro and Starbucks. Ameer Adel and Jacob Luna of Marcus & Millichap represented the seller and procured the buyer in the transaction.
FRISCO, TEXAS — Hunt Sports Development has formed a partnership with Peak Curated Development and Venu Holding Corp. (NYSE: VENU) to build a mixed-use district on the east side of Toyota Stadium and Soccer Center in Frisco, a suburb of Dallas in Collin County. The stadium serves as the home of Major League Soccer’s FC Dallas, which is owned by The Hunt Family. The partnership plans to transform the campus into a year-round destination for hospitality, business, dining and entertainment. Construction is expected to begin in 2027. Project costs were not released, but The Dallas Express reports that the city previously outlined a mixed-use development expected to generate more than $1 billion in private investment once fully developed. The first phase of the project will include a 290-room boutique hotel and more than 40,000 square feet of convention, meeting and event space. The hotel will include a full-service restaurant and bar, rooftop bar and lounge, spa and a fitness center. The flexible convention and event center will feature more than 25,000 square feet of dedicated meeting space, including a 15,000-square-foot ballroom, which will be divisible into smaller breakout rooms. The ballroom and event spaces can be configured for conferences and …
By Maria Gutierrez, senior communications specialist, Colliers Engineering & Design Whether it pertains to acquiring sites, designing improvements or developing a residential or commercial property in Texas, land terminology can quickly become confusing. Two terms that are commonly mistaken, and often used interchangeably, are survey and plat. “In this field, people often use these terms synonymously, but they fulfill completely different steps in the development process,” notes San Antonio-based Corey Campbell, RPLS, geographic discipline leader for survey and geospatial at Colliers Engineering & Design. “A survey gathers and documents the physical facts about the land on the ground, while a plat uses those facts to legally define how that land is divided and recorded for the future.” Because an approved plat depends entirely on accurate site data, a comprehensive title survey is almost always the required first step. Navigating that transition from survey to recorded plat requires a complete end-to-end strategy. That is where Kelly Kephart, senior project manager and Texas platting director for survey and geospatial services at Colliers Engineering & Design, spends her time. Based in Houston and with 26 years of experience and over 1,000 completed plats, Kephart helps developers clear regulatory hurdles and manage the entire …
FRISCO, TEXAS — The Karahan Cos. has inked deals with seven new retailers and restaurants at Fields West, a 55-acre mixed-use development located north of Dallas in Frisco. The tenants include Boll & Branch, Evereve, Flower Child, lululemon, SusieCakes, Tecovas and Warby Parker. Previously announced tenants at Fields West include Crate & Barrel, Gorjana, Pottery Barn, Sweetgreen, Williams Sonoma and [solidcore]. The project’s retail component, which is scheduled to come on line next year, is now 75 percent preleased via 44 signed leases.
ROUND ROCK, TEXAS — New York City-based Link Logistics has acquired a 61,111-square-foot industrial building in the northern Austin suburb of Round Rock. According to LoopNet Inc., the building at 2401 Double Creek Drive was constructed in 1998. Link Logistics acquired the building, which was fully leased at the time of sale, as part of a two-property portfolio deal that also included a 291,285-square-foot property in the Dallas-Fort Worth metroplex city of Coppell. Stream Realty Partners brokered the deal. The seller and sales price were not disclosed.
DALLAS — King & Spalding has signed a 52,826-square-foot office lease in Uptown Dallas. The Atlanta-based law firm is taking the entire 12th and 13th floors of 23Springs, a newly constructed, 26-story building. John Izard, Carla Williams, Tom Sutherland and Ryan Hoopes of Cushman & Wakefield represented King & Spalding, which plans to take occupancy in the second quarter of next year, in the lease negotiations. Robert Jimenez, Burson Holman and Elizabeth Fortado internally represented the landlord, Granite Properties, which owns the building in partnership with Highwoods Properties.
HOUSTON — Locally based brokerage firm Oxford Partners has negotiated a 20,046-square-foot industrial lease renewal in North Houston. The space is located within the building at 15360 Vantage Parkway W. Sam Marnoy and Matt Rogers of Oxford Partners represented the tenant, M&C Pump Americas LLC, in the lease negotiations. Will Clay and Angela Watford of JLL represented the landlord, Old House Capital.
HOUSTON — Global pharmaceutical giant Eli Lilly and Co. (NYSE: LLY) has officially broken ground on its $6.5 billion manufacturing facility in northeast Houston. The 1 million-square-foot project will serve as the newest active pharmaceutical ingredient (API) manufacturing facility, where the company will primarily produce Foundayo, Lilly’s first synthetic oral GLP-1 weight loss medicine. The site is located within Generation Park, a 4,300-acre master-planned development in Harris County. The master developer, locally based McCord Development, began pursuing life sciences users at the park in 2023 before securing Lilly last fall. Lilly expects to create 600 high-paying jobs at the new plant, including engineers, scientists and lab technicians who will implement technologies including machine learning, AI, digitally integrated systems and advanced data analytics. The project is also expected to create 4,000 temporary construction jobs during its development. Texas Gov. Greg Abbott attended the groundbreaking ceremony that took place yesterday. “Lilly’s $6.5 billion capital investment expands our healthcare dominance in the Lone Star State,” said Abbott. “Strategic investments like this one strengthen our global supply chain for healthcare and medicines right here in Texas.” The Generation Park facility is one of five domestic API manufacturing facilities announced by Lilly since 2020. Other API …