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Cottages-at-Lake-Lavon
Build-to-RentDevelopmentSingle-Family RentalTexas

ONM Living Begins Leasing 268-Unit Build-to-Rent Community in Lavon, Texas

by Taylor Williams

LAVON, TEXAS — Locally based firm ONM Living has begun leasing a 268-unit build-to-rent community in Lavon, a northeastern suburb of Dallas. Cottages at Lake Lavon offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.

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AcquisitionsIndustrialTexas

PHP Capital Partners Buys 115,000 SF Industrial Park in Irving

by Taylor Williams

IRVING, TEXAS — Fort Worth-based investment firm PHP Capital Partners has purchased Gateway Business Center, a 115,000-square-foot industrial park in Irving. The development consists of four buildings that house suites that range in size from 2,500 to 16,000 square feet. The seller and sales price were not disclosed. PHP Capital has tapped Property Advisers Realty Inc. as the leasing agent.

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DevelopmentIndustrialOfficeTexas

SIMFLO Opens 30,000 SF Industrial, Office Facility in Lubbock

by Taylor Williams

LUBBOCK, TEXAS —SIMFLO, a locally based provider of vertical and submersible turbine pumps, has opened a 30,000-square-foot industrial and office facility in the West Texas city of Lubbock. The facility functions as a quality control center for conducting inspections on all components not manufactured in-house and is part of SIMFLO’s existing corporate campus. The facility is expected to be fully operational by early to mid-January.

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IndustrialLeasing ActivityTexas

Bag Supply Co. Signs 18,000 SF Industrial Lease in East Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Bag Supply Co. LLC has signed an 18,000-square-foot industrial lease in East Fort Worth. The tenant is relocating from nearby Everman to the newly renovated building at 5911 E. Rosedale St. Cade Navarro of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Brett Carlton and Forrest Cook of Stream Realty Partners represented the undisclosed, Boston-based landlord.

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DevelopmentRetailTexas

McGrath Breaks Ground on 16,956 SF Retail Project in Mont Belvieu, Texas

by Taylor Williams

MONT BELVIEU, TEXAS — McGrath Real Estate Partners has broken ground on Mill House, a 16,956-square-foot retail project in Mont Belvieu, located east of Houston. Mill House will be located within Riceland, a 1,500-acre, master-planned development. Mirador Group is the project architect, and SPD Construction is the general contractor. Palo Duro Commercial Partners is the leasing agent. Completion is slated for next summer.

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LoansMultifamilySeniors HousingTexas

KeyBank Provides $157.2M in Financing for Texas Skilled Nursing Portfolio

by Taylor Williams

TEXAS — KeyBank Real Estate Capital has provided $157.2 million in financing for a portfolio of seven skilled nursing facilities in Texas. The facilities are located in Mission, McAllen, Weslaco, Rio Grande City, Spring, Seguin and Eagle Pass. The number of beds was not disclosed. Grant Saunders, Peter Trazzera and Patrick Gilbreath of KeyBank originated the financing, which carries a 35-year term and a fixed interest rate, through the FHA’s 232/223(f) mortgage insurance program. The borrower is Wellsential Health.

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The-Quad-Dallas
LoansOfficeRetailTexas

JLL Arranges Financing for 500,000 SF Office, Retail Property in Uptown Dallas

by Taylor Williams

DALLAS — JLL has arranged an undisclosed amount of financing for The Quad, a 500,000-square-foot office and retail property in Uptown Dallas. Completed last year, The Quad consists of two office buildings and six retail/restaurant buildings, as well as an acre of communal outdoor space. Colby Mueck and Greg Napper of JLL arranged the five-year loan through accounts managed by global investment firm KKR. The borrower was Stream Realty Partners.

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Cadence-Creek-Kingwood
DevelopmentMultifamilyTexas

Caldwell Communities to Develop 220-Unit Active Adult Project in Kingwood, Texas

by Taylor Williams

KINGWOOD, TEXAS — Local developer Caldwell Communities will build a 220-unit active adult project in Kingwood, located north of Houston. Cadence Creek Kingwood will feature one- and two-bedroom units that will be reserved for renters age 55 and above. Amenities will include a pool, courtyards, a game room, fitness center, community craft room, bark park, coffee lounge and a private dining room. Construction is scheduled to begin next year, and the first move-ins will commence in 2027.

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AcquisitionsRetailTexas

DIG Negotiates Sale of 90,768 SF Shopping Center in Corpus Christi

by Taylor Williams

CORPUS CHRISTI, TEXAS — Dallas-based brokerage firm Disney Investment Group (DIG) has negotiated the sale of Huntington Square, a 90,768-square-foot shopping center in Corpus Christi. The center was 96 percent leased at the time of sale to tenants such as Dollar Tree, Ferguson Home, Freedom Fitness and Physicians Premier ER. David Disney and Adam Crockett of DIG represented the seller, LRIC Properties, in the deal and procured the buyer, Harkinson Investment Corp. The sale included 4.7 adjacent, undeveloped acres.

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AcquisitionsIndustrialTexas

CenterSquare Acquires 86,388 SF Industrial Service Portfolio in Dallas Area

by Taylor Williams

CARROLLTON AND ADDISON, TEXAS — Metro Philadelphia-based CenterSquare Investment Management has acquired a two-property industrial service portfolio totaling 86,388 square feet in the northern Dallas metros of Carrollton and Addison. Known as Metropolitan Infill, the portfolio offers suites averaging approximately 5,400 square feet in size with 12- to 16-foot clear heights and a mix of dock-high and grade-level loading doors. The portfolio was fully leased at the time of sale.

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