Texas

Austin-Centre

AUSTIN, TEXAS — Sidra Real Estate has completed the multimillion-dollar renovation of Austin Centre, a 327,619-square-foot office building located at 701 Brazos St. in the state capital’s downtown area. Renovations included upgrades to the lobby, restaurant and fitness center and the addition of a coffee bar and a mothers’ room. Sidra is also in the process of building out speculative suites on the building’s 10th floor. Tenants have direct access to amenities at the Omni Hotel, such as a rooftop pool and bar, fitness center, conference center, meeting space and a tenant lounge, as well as multiple onsite dining options. Ownership has tapped Transwestern as Austin Centre’s new leasing agent and property manager.

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Houston-Physicians-Hospital

WEBSTER, TEXAS — California-based private equity firm IRA Capital has purchased Houston Physicians’ Hospital, a 148,950-square-foot healthcare property in Webster, a southeastern suburb of Houston. The facility, which recently underwent a 39,000-square-foot expansion, includes an advanced surgical hospital and two aquatic care centers. At the time of sale, the facility was 100 percent leased to a joint venture between the physicians, Memorial Hermann Health System and United Surgical Partners International.

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RICHARDSON, TEXAS — Marcus & Millichap has brokered the sale of a 119-room hotel in the northeastern Dallas suburb of Richardson. The Cambria Hotel Richardson-Dallas was built on 2.5 acres in 2019 and offers amenities such as an indoor pool and a fitness center. Chris Gomes of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties requested anonymity.

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CARROLLTON, TEXAS — Lee & Associates has negotiated a 26,000-square-foot industrial lease in the northern Dallas metro of Carrollton. Corbin Blount of Lee & Associates represented the tenant, Aarav Corp., a provider of distribution services, in the lease negotiations. Mac Hall and Eric Crutchfield of Stream Realty Partners represented the landlord, an entity doing business as G&I IX 1225 Capital LLC.

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TOMBALL, TEXAS — Partners Real Estate has arranged the sale of a 25,386-square-foot manufacturing building in Tomball, a northeastern suburb of Houston. According to LoopNet Inc., the building at 1302 S. Cherry St. was built on 3.5 acres in 1980. Wyatt Huff and Hunter Stockard of Partners represented the seller, Harbor Hill Holdings, in the transaction. The buyer was an undisclosed, locally based private investor.

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Colonial-Village-Katy

KATY, TEXAS — Concord Summit Capital, a South Florida-based financial intermediary, has arranged a $25.5 million construction loan for Colonial Village, a 103-unit build-to-rent residential project that will be located in the western Houston suburb of Katy. The development will consist of 88 two-bedroom and 15 three-bedroom duplex-style homes on a 7.9-acre site. Daniel Eidson and Ben Applebaum of Concord Summit Capital arranged the debt, which carries an 88 percent loan-to-cost ratio, on behalf of the borrower, Luminous Homes. The direct lender was not disclosed.

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CONROE, TEXAS — Ameritex Machine & Fabrication has purchased a 145,222-square-foot industrial building in Conroe, about 40 miles north of Houston. According to LoopNet Inc., the property at 915 Conroe Park W. Drive was built on 18 acres in 2020 and features 39-foot clear heights and 19 dock-high doors. Garret Geaccone of Stream Realty Partners represented the seller, TradeLane Properties LLC, in the transaction. Tim O’Neil of TSO Properties represented the buyer.

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LANCASTER, TEXAS — Henry S. Miller Brokerage (HSM) has negotiated the sale of a 3.4-acre self-storage development site in the southern Dallas suburb of Lancaster. The buyer, national self-storage owner-operator SAFStor Inc., plans to develop a four-story, climate-controlled facility at the site at 1032 Cedar Valley Drive. Huntley Luna and Nick Robinson of HSM internally represented the seller, HSM Equity Partners, in the transaction.

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HOUSTON — Colliers has brokered the sale of Milwee Business Park, a 38,706-square-foot industrial complex in northwest Houston. The two-building property was 91 percent leased at the time of sale. Todd Moore, Connor Duffy and Zack Martin of Colliers represented the seller, Wolf Capital Partners, in the transaction. Houston-based investment firm Griffin Partners purchased the asset for an undisclosed price.

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FORT WORTH, TEXAS — Pottery Barn and West Elm will both open stores totaling 22,126 square feet at Westbend, a 281,000-square-foot mixed-use development located in southwest Fort Worth. Both home furnishings retailers are backfilling a former Market by Macy’s space and are targeting May 2026 openings. Trademark owns Westbend, the retail component of which is now fully leased.

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