IRVING, TEXAS — Bradford Commercial Real Estate Services has negotiated a 3,527-square-foot lease at Skyview Centre Building 1, an industrial flex property in Irving. According to LoopNet Inc., the building was constructed in 1982 and spans 40,600 square feet. Leigh Richter of Bradford represented the tenant, High Value Signs, in the lease negotiations. Samantha Seelig Dewan and Troy Alexander Dewan of Harkinson Dewan Management LLC represented the landlord.
ARLINGTON, TEXAS — Major League Baseball team the Texas Rangers and The Cordish Cos. have topped out One Rangers Way, a 300-unit apartment development in the Dallas suburb of Arlington. The community is the multifamily component of Cordish’s Arlington Entertainment District and is situated steps away from Globe Life Field, the home ballpark of the Rangers. One Rangers Way will offer a mix of studio, one- and two-bedroom apartments with rental rates starting at the $1,500s, as well as penthouses with rates starting in the $4,000s. Each apartment will feature high-end interior finishes and appliances, including in-unit washers and dryers, high ceilings and floor-to-ceiling windows. Each of the community’s 52 floor plans are named after Rangers players or significant events, including the team’s 2023 World Series title. “One Rangers Way will bring an upscale residential component to the Arlington Entertainment District, which has become one of the fastest-growing sports and entertainment destinations in the country,” says Ray Davis, managing partner and majority owner of the Rangers. “This project also reflects the tradition of the Rangers as many of the franchise’s legendary players are being incorporated into the branding of the building.” The property will feature 43,000 square feet of amenities, including an …
AUSTIN, TEXAS — Minneapolis-based developer Ryan Cos. has begun leasing Rivette Tower, a 345-unit apartment community located in Austin’s Mueller District. The project comprises two three- and five-story buildings with 2,500 square feet of retail space on the ground floor. Units feature one-, two- and three-bedroom floor plans, with 15 percent of the residences (about 50 units) reserved for renters earning up to 60 percent of the area median income. Amenities include a pool, rooftop deck, coworking space and outdoor gathering areas. Construction began in March 2022 and topped out in November 2023. Rents start at $1,900 per month for a one-bedroom apartment.
HOUSTON — Tigerhawk Logistics has signed a 328,048-square-foot industrial lease expansion at Portside Logistics Center, a 1 million-square-foot speculative development by Stream Realty Partners and Principal Asset Management that is located near Port Houston. After initially taking 135,285 square feet at Building 2 last winter, Tigerhawk is more than doubling its footprint at the property by taking space at Building 1. Grant Hortenstine and Pearce Martens of CBRE represented Tigerhawk in the lease negotiations. Tyler Maner and Jeremy Lumbreras of Stream represented ownership on an internal basis.
MESQUITE, TEXAS — Marcus & Millichap has brokered the sale of a 553-unit self-storage facility in the eastern Dallas suburb of Mesquite that is operated under the Storage King USA brand. The facility spans 73,999 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller, a New York-based investment firm, in the transaction. Karr also procured the buyer, a REIT. Both parties requested anonymity.
HOUSTON — Wolf Capital Partners is nearing completion of the renovation of a 120,000-square-foot medical office building in Houston. The project team has completed the refresh of the lobby and multiple common areas and is now underway on an overhaul of the façade and upgrades to vehicle access areas, outdoor patio spaces and additional interior floor renovations. Completion of the latest phase is slated for the fourth quarter. In addition, Wolf Capital has completed 38,253 square feet of new leasing activity at the building over the past year.
THE WOODLANDS, TEXAS — Locally based brokerage firm Cypressbrook Co. has negotiated an 8,343-square-foot healthcare lease renewal in The Woodlands, about 30 miles north of Houston. According to LoopNet Inc., the building at 4840 W. Panther Creek Drive was built in 1999 and totals 33,000 square feet. Kimberly DeVos of Cypressbrook represented the tenant in the lease negotiations. Eduardo Pages represented the landlord, Texican Realty, on an internal basis.
NEW BRAUNFELS, TEXAS — Tower Capital, an Arizona-based boutique advisory firm, has originated a $47.4 million construction loan for Village at Mayfair, a 217-unit build-to-rent residential project that will be located in the northeastern San Antonio suburb of New Braunfels. The project’s 20-acre site will be part of the 1,900-acre Mayfair master-planned community. The cottage-style homes will have an average size of 1,023 square feet and will include private patios/yards. Amenities will include a pool, fitness center, outdoor grilling and dining stations and a clubhouse. The borrower is Arizona-based Empire Group of Cos. Construction will begin in the coming weeks, and the first homes are expected to be available for occupancy in the third quarter of 2025.
FORT WORTH, TEXAS — Newmark has brokered the sale of DFW Point35 — Building 1, a 267,280-square-foot industrial property in Fort Worth. Built in 2023, the rear-load building is part of a larger development and features 32-foot clear heights, 59 dock doors, two drive-in doors, 185-foot truck court depths and 75 trailer parking stalls. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe, Chloie Mercer and Caroline Wilson of Newmark represented the seller, a partnership between Atlanta-based Stonemont Financial Group and Iron Point Partners, in the deal. The buyer was not disclosed. The building was fully leased to GITI Tire at the time of sale.
SPRING, TEXAS — Locally based brokerage firm Newcor Commercial has arranged the sale of a one-acre hotel development site at 500 Rayford Road in the northern Houston suburb of Spring. David Alexander and Josh Cheatham of Newcor represented the buyer, an entity doing business as Shree Rang Krupa of Texas LLC, which plans to develop a 60-room Studio 6-Extended Stay hotel on the site. Construction is expected to begin in the coming weeks and to be complete in early 2026. Gus Lagos of Marcus & Millichap represented the seller, Woodlands Warehouse LLC.