IRVING, TEXAS — Marcus & Millichap has brokered the sale of a 44,104-square-foot office building in Irving’s Las Colinas district. Built on a 3.6-acre site at 8333 Royal Ridge Parkway in 2000, the building is leased to Berkshire Hathaway and American Airlines Federal Credit Union. Joseph Jaques and Ron Hebert of Marcus & Millichap represented the California-based seller in the transaction and procured the Texas-based buyer. Both parties requested anonymity.
HOUSTON — Network Funding has signed a 12,750-square-foot office lease in Houston’s Westchase District. The lender is taking space within Building I at The Towers at Westchase. Matthew Seliger and Parker Noble of Stream Realty Partners represented the landlord, Franklin Street Properties, in the lease negotiations. Bryant Lach of JLL represented the tenant.
KATY, TEXAS — NewQuest, a local commercial real estate development and services firm, has broken ground on the multi-tenant retail component of Texas Heritage Marketplace, a $400 million mixed-use development in Katy, a western suburb of Houston. The project represents the largest cluster of retail space in the history of Waller County, according to NewQuest. “As it stands, Waller and surrounding rural counties have been unserved by major retailers,” says Austin Alvis, president and chief development officer for NewQuest. “Texas Heritage Marketplace will fill in that gap.” Situated in the center of Texas Heritage Marketplace, the retail space that is now under construction is leased to tenants including Academy Sports + Outdoors (51,068 square feet), Burlington (22,147 square feet), Spec’s Fine Wines & Spirits (16,806 square feet) and Ulta Beauty (10,000 square feet). NewQuest plans to deliver the junior retail anchors in first-quarter 2027. The groundbreaking also includes Heritage Grove, a green space component that will span five acres at the center of the development. The park-like common space will be surrounded by the junior retailers and an additional 35,000 square feet of retail space planned for restaurants and service retailers, as well as a 40,000-square-foot EoS Fitness location. NewQuest plans …
MCALLEN, TEXAS — CTO Realty Growth, a Florida-based REIT, has acquired Palms Crossing, a 399,075-square-foot retail power center in the Rio Grande Valley city of McAllen. Palms Crossing is an open-air center that was 98 percent leased at the time of sale to tenants such as Hobby Lobby, Restaurant Depot, Best Buy, Burlington, Barnes & Noble and Guitar Center. Barry Brown, Chris Gerard, Claudia Steeb and Erin Lazarus of JLL represented the seller, WPG (formerly known as Washington Prime Group), in the transaction.
LANCASTER, TEXAS — Self-storage brokerage firm Versal has arranged the sale of a 265-unit facility in Lancaster, a southern suburb of Dallas. Lasoto Self Storage was built in the 1980s and spans 44,940 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller and procured the buyer in the transaction. Both parties were Texas-based entities that requested anonymity. The sales price was also not disclosed.
FLOWER MOUND, TEXAS — Lee & Associates has brokered the sale of a 64,406-square-foot industrial building in Flower Mound, located in the northern-central part of the metroplex. According to LoopNet Inc., the building at 500 Gerault Road was constructed in 2025 and features 32-foot clear heights. Adam Graham, Alex Wilson and Tomas Wilson of Lee & Associates represented the seller in the transaction. Bill de la Chapelle and Karla Orozco of eXp Commercial represented the buyer. Both parties requested anonymity.
HOUSTON — International Trip Planning Services has signed a 16,900-square-foot office lease in Houston’s Westchase District. The space is located within Building II at The Towers at Westchase. Matthew Seliger and Parker Noble of Stream Realty Partners represented the landlord, Franklin Street Properties, in the lease negotiations. Travis Taylor of Lee & Associates represented the tenant.
CONROE, TEXAS — JLL has negotiated the sale of Montgomery Plaza, a 315,708-square-foot retail power center located in the northern Houston suburb of Conroe. Anchored by Academy Sports + Outdoors, the center is also home to tenants such as O’Reilly Auto Parts, Crunch Fitness, Spec’s Liquor, Petco and Dollar Tree. Ryan West and John Indelli of JLL represented the undisclosed seller in the transaction. The buyer was Florida-based investment firm JBL Asset Management. The center was approximately 94 percent leased at the time of sale.
LA PORTE, TEXAS — Prologis has broken ground on a 229,227-square-foot industrial project in La Porte, an eastern suburb of Houston. The project will add two buildings totaling 120,013 and 109,214 square feet to Port Crossing Commerce Center, bringing the development’s total footprint to approximately 2.7 million square feet across 11 buildings. The buildings will be situated on a combined 17 acres with frontage along State Highway 146. Construction is expected to be complete before the end of the year.
DALLAS — IKEA has opened a 63,000-square-foot store at The Shops at Park Lane, a 33-acre mixed-use development in North Dallas. The small-format store is located on the second level of the center, across from Old Navy and next to American Girl, Champs and Nordstrom Rack. Other retailers that have recently opened stores at The Shops at Park Lane include Connect Studio DFW, Intuit Turbo Tax and Crème + Crepes. Northwood Retail owns the property.