DENTON, TEXAS — Hillwood, a Perot company and the owner of the 27,000-acre AllianceTexas master-planned community in North Fort Worth, has provided updates on Landmark, the company’s $10 billion mixed-use development in the North Texas city of Denton. Announced last summer, Landmark is a 3,200-acre development at the corner of I-35 and Robson Ranch Road — land that the Perot family has owned since 1987. At full build-out, Landmark will feature 6,000 single-family homes and 3,000 apartments. The development will also include 900 acres of commercial space that will be anchored by Denton’s first H-E-B grocery store. The first 120 acres are actively being leased for retail, dining and entertainment uses. The first phase of development will feature 747 single-family lots that will house a variety of home styles and will be constructed by an array of builders. The grocery store and 600 apartments will also be built as part of the initial phase, and the grocery-anchored retail component of the development is expected to open in 2027. In addition, roughly 1,100 acres of the development will be preserved as parkland, making it one of the largest natural preserves in Texas, according to Hillwood.
DALLAS — Creation, a developer with offices in Dallas and Phoenix, and PGIM Real Estate have begun construction on 635 Exchange, a three-building, 600,000-square-foot industrial project in North Dallas. The 36-acre site at the intersection of interstates 35E and 635 formerly housed a City of Dallas landfill, and the new buildings will feature 32- to 36-foot clear heights. LGE Design Build is handling the architectural and general contracting aspects of the project. Stream Realty Partners has been tapped as the leasing agent. Completion is slated for late 2026.
FORT WORTH, TEXAS — HPI Real Estate Services & Investments has broken ground on a 396-unit multifamily project in northwest Fort Worth. The project represents Phase I of a larger development that will ultimately consist of 829 units on a 55-acre site at the southeast corner of Bonds Ranch and Blue Mound roads. Units will come in one-, two- and three-bedroom floor plans. Arch-Con Corp. is designing the project, and Blackland Partners is serving as the general contractor. The first units are expected to be available for occupancy in early 2027.
CYPRESS, TEXAS — Deason Financial Group has arranged a $16.1 million permanent loan for the acquisition of Blackhorse Storage & Postal, a 552-unit self-storage facility located in the northwestern Houston metro of Cypress. The 14.2-acre facility spans 261,206 net rentable square feet across a variety of unit types. The loan was structured with a five-year term, fixed interest rate and a 25-year amortization schedule. Dave Knobler of Marcus & Millichap brokered the sale. The names of the direct lender and borrower were not disclosed.
SEGUIN, TEXAS — Ranch Hand will open a 400,000-square-foot manufacturing and distribution facility at TriPoint Logistics Center, a 120-acre development in Seguin, a northeastern suburb of San Antonio. The provider of automotive accessories has entered into a build-to-suit agreement with the developer, a partnership between Atlanta-based Ackerman & Co. and Baltisse US Inc. Ranch Hand plans to consolidate two regional facilities into the new distribution hub. The building will feature 36-foot clear heights and is expected to be complete in late 2026. Tom Walrich of Lee & Associates represented Ranch Hand in the lease negotiations. John Colglazier, Kyle Kennan and Gray Gilbert of Partners Real Estate represented ownership.
AMARILLO, TEXAS — Atlanta-based hospitality brokerage firm Hunter Hotel Advisors has arranged the sale of the 107-room Courtyard Amarillo Downtown hotel in West Texas. The building was originally constructed in 1928 and was converted to a hotel in 2010. Amenities include a business center, fitness center and an onsite restaurant. Summit Hotel Properties sold the hotel to local owner-operator KAMP Hotels for an undisclosed price. Mason McDavid and Kami Burnette of Hunter Hotel Advisors brokered the deal.
BROOKSHIRE, TEXAS — Stream Realty Partners has secured a 101,678-square-foot industrial lease in Brookshire, a western suburb of Houston. According to LoopNet Inc., the building at 4006 Westport Drive is located within Kingsland Ranch Logistics Park. Abraham Richardson of Stream, along with Alex Zhang of TopSky Commercial, represented the tenant, Mars Shipping Service, in the lease negotiations. Cape Bell, Billy Gold, Joseph Smith and Savannah Smith of CBRE represented the undisclosed landlord.
MCKINNEY, TEXAS — Elliott Electric Supply has signed a 23,538-square-foot industrial lease in McKinney, located north of Dallas. The space is located within Building A at McKinney Commerce Center, a three-building, 319,347-square-foot development that is currently under construction. Brett Lewis and Taylor Stell of Lee & Associates represented the landlord, New York City-based Rockefeller Group, in the lease negotiations. Nick Lee of NAI Robert Lynn represented Elliott Electric Supply.
FULSHEAR, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of Cross Creek Plaza, a 16,963-square-foot retail strip center in Fulshear, a western suburb of Houston. The center was built in 2024 and is located at the entrance of the Cross Creek Ranch master-planned community. Jake Dutson of STRIVE represented the seller, a local developer, in the transaction. John Kourafas of Visintainer Group represented the buyer. Both parties requested anonymity. Cross Creek Plaza was fully leased at the time of sale.
DALLAS — Lincoln Property Co., a Dallas-based global real estate services firm, has acquired Capstone Development Partners, a student housing developer with offices in Birmingham, Ala., and Denver. Lincoln’s acquisition includes Capstone’s management affiliate, Capstone Management Partners. Financial terms of the acquisition were not disclosed. Capstone will continue to operate as Capstone Development Partners, powered by Lincoln. The developer came in at No. 15 in the Top Developers ranking by Student Housing Business. Capstone disclosed in the first quarter that it had seven projects planned through 2028 totaling 5,900 beds. The acquisition expands Lincoln’s higher education infrastructure and enhances its development, financing and operation of on-campus and university-affiliated housing. “Capstone has long been a recognized leader in student housing and campus facilities development,” says Alison Daubert, chief strategy officer at Lincoln. “Their specialized expertise complements Lincoln’s national platform with robust resources, allowing us to better support higher education institutions with even greater experience and expertise.” Capstone says that the move gives the company access to Lincoln’s national resources and operational expertise. “With Lincoln’s support and comprehensive real estate capabilities, we are more capable than ever to assist universities in creating innovative, customized development and operational solutions that align seamlessly with their …