PLANO, TEXAS — Cadence McShane Construction Co. has signed a 16,242-square-foot office headquarters lease at One Legacy Circle, a 214,110-square-foot building in Plano. Garrison Efird and Steven Blankenship of Newmark represented the tenant in the lease negotiations. Jared Laake of Bradford Commercial Real Estate Services represented the landlord, an affiliate of Gildenson Real Estate. Occupancy is slated for early 2025.
KYLE, TEXAS — Locally based developer Rastegar Property Co. has unveiled plans for Inf1nity Square, a 318-acre master-planned development that will be located in the southern Austin suburb of Kyle. The development will feature roughly 1,000 single-family homes and 1,400 multifamily units as well as 185,000 square feet of commercial space. The commercial component will include retail space, an amenity center and an elementary school, all centered around a town square. In addition, Inf1nity Square will feature 61 acres of open green space that will connect to The Vybe, Kyle’s citywide trail network. CastleRock Communities and Brightland Homes will lead the development of first phase of single-family home development. Trez Capital has provided $31.7 million in construction financing for that phase of the project, which will encompass 329 lots.
DALLAS — Dallas-based Westdale Real Estate Investment & Management has received a $115 million loan for the refinancing of a portfolio of three commercial properties in Texas. The portfolio comprises Epic I, a 282,873-square-foot office building located in the Deep Ellum district of Dallas; Colonnade, a 168,255-square-foot office building located on the north side of San Antonio; and Woodmeade, a 304-unit multifamily property in Irving. The five-year loan carried a fixed interest rate of 7.11 percent and a 70 percent loan-to-value ratio. Giryes Capital Group, an intermediary that connects American borrowers and Israeli lenders, sourced the debt through Pando Cos., a Dallas-based company that is also owned and managed by Giryes founder and CEO Amir Giryes.
PLANO, TEXAS — Dallas-based Rosewood Property Co. has broken ground on The Buckley, a 338-unit apartment community in Plano. The Buckley is the sister property of The Ludlow, both of which are located within the 156-acre Heritage Creekside master-planned development. The Buckley will feature studio, one-, two- and three-bedroom apartments and amenities such as a pool, multiple lounge areas, a club and card room, fitness center, coworking areas and a dog park. MetLife Investment Management is the equity partner for the project, and Broadway Bank provided construction financing. Provident General Contractors will build the property, which was designed by Hensley, Lamkin, Rachel Inc. Completion is slated for summer 2026.
LAREDO, TEXAS — JLL has arranged an undisclosed amount of acquisition financing for a 250,000-square-foot warehouse located on an 18-acre site in the Rio Grande Valley city of Laredo. Completed in late 2023, the property was fully leased at the time of the loan closing. Building features include 30-foot clear heights, 48 docks, 3,000 square feet of office space and parking for 272 cars and 233 trailers. Peter Rotchford, David Sitt, Jarrod McCabe, Foster Huggins and Jordan Buck of JLL arranged the floating-rate loan through Connecticut-based Shelter Growth Capital Partners. The borrower is New York City-based Thor Equities.
ALLEN, TEXAS — Xtera Ltd. has signed a 21,192-square-foot industrial lease in Allen, a northeastern suburb of Dallas. The provider of underwater cable systems is taking space at 121 Technology Park, a 735,000-square-foot development by Stillwater Capital. Christopher Schafer of Cresa represented the tenant in the lease negotiations. Ken Wesson of Lee & Associates represented the landlord.
AUSTIN, TEXAS — Comunidad Partners, an investment firm that specializes in affordable and workforce housing, has acquired the 358-unit Toscana Apartment Homes in northwest Austin. Built in 2001, the property features one-, two-, and three-bedroom units that are reserved for households earning between 60 and 120 percent of the area median income. Residences are furnished with stainless steel appliances, faux wood flooring, stone countertops and individual washers and dryers. Amenities include a pool, playground and a pet park. Comunidad Partners plans to implement a capital improvement program that elevates common areas and living spaces, including installing a pickleball court and adding private yards. The seller and sales price were not disclosed.
AUSTIN, TEXAS — Colliers and Northmarq have brokered the sale of Twin Towers, a 203,221-square-foot office complex that sits on a 7.2-acre site in Austin’s Windsor Park neighborhood. The lobbies, restrooms and conference spaces at the two buildings were recently renovated, and the complex was 59 percent leased at the time of sale. Doug Rauls of Colliers, in conjunction with Scott Lamontagne and Chase Gardner of Northmarq, represented the seller, California-based Omninet Capital, in the transaction. Michael Bullard of Dovetail Commercial represented the buyer, Sock Club, which also plans to occupy the building.
HOUSTON — A joint venture between Dallas-based Apricus Realty Capital and ABR Capital has acquired a 9.7-acre industrial outdoor storage (IOS) facility in North Houston. The facility at 15800 Export Plaza is adjacent to George Bush Intercontinental Airport and comprises 89,000 square feet across four warehouses and one office building. Jason Tangen and Paul Dominique of Colliers, in conjunction with internal agents Matt Haley, Garrett Marler and Cort Martin of Apricus, represented the buyer in the transaction. Jason Powell of Northmarq represented the undisclosed seller.
TULSA, OKLA. — Marcus & Millichap has arranged the $3.9 million sale of a 14,490-square-foot retail building in Tulsa that is leased to Walgreens. The building was originally constructed in 2002. Joe Sparano, Dan Yozwiak and Darpan Patel of Marcus & Millichap represented the seller and procured the buyer, both of which requested anonymity, in the transaction. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record.