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.
By Taylor Williams AUSTIN, TEXAS — A successful real estate strategy for both developers and operators looking to penetrate Austin’s airtight retail market must involve both a long-term growth plan and a site-selection process that primarily targets suburban areas. Austin’s sizzling pace of population growth has slowed in the past year or two, but the state capital remains highly undersupplied in terms of housing. Land and other development costs have become frightfully expensive within the urban core, and like other Texas markets, Austin is emerging from a multifamily building boom within its urban core and first-ring suburbs. In addition, vacant, quality retail space within those areas of Austin is a rare commodity. Earlier this year, the Austin-American Statesman, citing data from Weitzman, reported that Austin had a marketwide retail vacancy rate of just 3 percent at the end of 2025. And according to a first-quarter 2025 report from Partners Real Estate, Austin’s retail occupancy rate has not dipped below 95 percent at any point in the past decade. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. As such, in …
AUSTIN, TEXAS — Accesso, a Florida-based owner-operator, will undertake a mixed-use redevelopment of 7700 Parmer, a 911,574-square-foot office campus in northwest Austin. Plans for the redevelopment call for up to six office building totaling roughly 798,000 square feet, as many as 1,800 multifamily units, approximately 80,000 square feet of retail and restaurant space and a boutique hotel that could have as many as 340 rooms. The campus currently consists of four buildings on 129 acres and offers amenities such as an auditorium, café, fitness center, soccer and baseball fields, a volleyball court and a daycare center. Accesso has received the necessary zoning changes for redevelopment and plans to break ground in 2027, with construction expected to last several years.
HOUSTON — JLL has arranged a 146,442-square-foot, full-building industrial lease in North Houston. According to LoopNet Inc., the four-building manufacturing complex at 12800 Aldine Westfield Road was built in 1979 and features 21- to 25-foot clear heights, eight loading doors, five grade-level doors and 14,153 square feet of office space. The site also has about 10 acres that can potentially be used for industrial outdoor storage, per LoopNet. Jordan Raney and Jarret Venghaus of JLL represented the tenant, Houston-based pipe fabricator Constellation Industries, in the lease negotiations. John Ferruzzo and Jack Ferruzzo of KBC Advisors represented the landlord, GSK Industrial. The deal is expected to double Constellation’s production capacity and to create about 120 new jobs.
DALLAS — Marcus & Millichap has brokered the sale of a 103-room hotel in West Dallas. The Residence Inn Dallas at The Canyon is an extended-stay hotel that was built in 2018 and offers studio and one-bedroom suites with full kitchens. Amenities include a pool, fitness center, business center and a convenience store. Chris Gomes and Allan Miller of Marcus & Millichap represented the seller, Dallas-based Atlantic Hotel Group, in the transaction. Clayton Hill and Gordon Allred, also with Marcus & Millichap, procured the buyer, a private investment group doing business as Jean Valjean LLC.