Tuesday, August 19, 2025
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DevelopmentIndustrialTexas

Newmark Arranges Joint Venture Equity for 238,289 SF Industrial Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Newmark has arranged joint venture equity for Oak Creek Distribution Center, a 238,289-square-foot industrial facility in Fort Worth. Oak Creek Distribution Center will be situated on a 17.8-acre site and feature a rear-load configuration, 32-foot clear heights, 130-foot truck court depths, two ramps and 63 dock-high doors. Dustin Volz, Stephen Bailey, Dom Espinosa and Zach Riebe of Newmark worked on behalf of the sponsor, Dallas-based Falcon Commercial Development, to secure the equity placement from Diamond Realty Investments. Construction is scheduled to begin later this month and to be complete by spring 2024.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 332-Unit Self-Storage Facility in Denton

by Taylor Williams

DENTON, TEXAS — Marcus & Millichap has brokered the sale of Affordable Self Storage, a 332-unit facility located in the North Texas city of Denton. The property was built in 1973 and totals 47,108 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a locally based private investor that has operated the property for three decades, in the transaction. The buyer was a Chicago-based investment firm. Both parties requested anonymity.

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CivicDevelopmentTexas

Manor ISD Completes 116,000 SF Academic Project in Metro Austin

by Taylor Williams

MANOR, TEXAS — The Independent School District of Manor, a northeastern suburb of Austin, has completed a 116,000-square-foot academic project. Manor Rise Academy will serve approximately 850 students from kindergarten to eighth grade. The 40-acre campus will house multiple gyms, a media center, two art rooms, three maker spaces, performing arts classrooms, student collaboration areas and flexible classrooms. The site also features competition-level athletic fields, outdoor learning spaces and playgrounds. Birmingham-based HPM served as program manager for the project, providing quality control and preconstruction services, as well as maintaining schedule and budget compliance during construction.

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IndustrialLeasing ActivityTexas

Stuart C. Irby Co. Signs 51,600 SF Industrial Lease in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Stuart C. Irby Co., a provider of electrical parts and equipment, has signed a 51,600-square-foot industrial lease at West Fork Business Center in Fort Worth. Stuart Smith of Cushman & Wakefield represented the tenant in the lease negotiations. Trey Goodspeed and George Jennings of Holt Lunsford Commercial represented the landlord, Exline Capital. 

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AcquisitionsIndustrialTexas

Northwest ISD Acquires 33,550 SF Warehouse in Rhome, Texas

by Taylor Williams

RHOME, TEXAS — The Northwest Independent School District has acquired a 33,550-square-foot warehouse that is situated within 114 Industrial Park, a 174-acre development located about 25 miles north of Fort Worth in Rhome. Owned by Dallas-based Realty Capital, 114 Industrial Park currently offers 150,000 square feet of shallow-bay industrial space, with a 136,500-square-foot building also under construction. George Curry of JLL represented Northwest ISD in the transaction.

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The-Settler-Apartments-Fort-Worth
DevelopmentMultifamilyTexas

KWA Construction Tops Out 362-Unit Settler Apartments in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Locally based general contractor KWA Construction has topped out The Settler Apartments, a 362-unit multifamily project in Fort Worth. Designed by Hensley Lamkin Rachel and developed by Toll Brothers, Settler Apartments will be a four-story structure that will wrap around a five-story precast parking garage. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a pool, fitness center, outdoor grilling and dining stations, clubroom, dog run and a conference center. Full completion is slated for this fall.

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AcquisitionsMultifamilyTexas

Northmarq Brokers Sale of 109-Unit Coral Cay Apartments in Corpus Christi

by Taylor Williams

CORPUS CHRISTI, TEXAS — Northmarq has brokered the sale of Coral Cay Apartments, a 109-unit multifamily property in Corpus Christi. Built in 1970, the property features an average unit size of 955 square feet and was 97 percent occupied at the time of sale. Sparkle Asset Management sold the property to an affiliate of SPV Property Management for an undisclosed price. Zar Haro, Moses Siller, Bryan VanCura and Phil Grafe of Northmarq represented both parties in the transaction. Cheryl Higley, also with Northmarq, arranged acquisition financing for the deal.

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IndustrialLeasing ActivityTexas

Ring Container Technologies Signs 105,857 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Ring Container Technologies, a provider of plastic fabrication services, has signed a 105,857-square-foot industrial lease renewal at Railhead Industrial Park in Fort Worth. The 633-acre, rail-served development is located at the corner of Northeast Loop 820 and Blue Mound Road on the city’s north side. Allen Gump of Colliers represented the tenant in the lease negotiations. Matt Carthey and George Jennings of Holt Lunsford Commercial represented the landlord, James Campbell Co.

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DevelopmentOfficeTexas

JaRyCo Breaks Ground on 102,000 SF Office Building in Allen, Texas

by Taylor Williams

ALLEN, TEXAS —Locally based developer JaRyCo has broken ground on FarmWORKs One, a 102,000-square-foot office building that is part of Phase I of The Farm, a 135-acre mixed-use project in the northeastern Dallas suburb of Allen. The building will offer various features that promote health and wellness, such as outdoor workspaces with Wi-Fi connectivity on every floor, oversized elevators, additional restrooms on every level and high-efficiency air filtration systems. Avison Young will handle leasing of the building. Delivery is slated for next summer.

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AcquisitionsOfficeTexas

Colliers Arranges Sale of 54,000 SF Office Complex in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Colliers has arranged the sale of a 54,000-square-foot office complex located at 12600 Willow Springs Road in Fort Worth. The site spans 17.2 acres, and construction of the facility was completed in 2022. Cody Payne and Austin Edelmon of Colliers represented the seller and procured the buyer in the transaction, both of which were private investors that requested anonymity.

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