Wednesday, January 14, 2026
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Novel-Turtle-Creek-Dallas
AcquisitionsMultifamilyTexas

Crescent Communities Sells 20-Story Apartment Complex in Dallas

by Taylor Williams

DALLAS — Charlotte-based developer Crescent Communities has sold NOVEL Turtle Creek, a 20-story apartment complex located at 4251 Irving Ave. in the Oak Lawn area of Dallas. The property houses 206 one-, two-, and three-bedroom apartments, as well as penthouses on the top two floors. Amenities include a pool, outdoor kitchens, resident lounge, fitness center, package lockers, a private resident bar and concierge services. California-based investment firm Goldrich Kest purchased the property for an undisclosed price.

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Flats-at-Van-Alstyne
LoansMultifamilyTexas

Colliers Mortgage Provides Fannie Mae Loan for Refinancing of Multifamily Asset in Van Alstyne, Texas

by Taylor Williams

VAN ALSTYNE, TEXAS — Colliers Mortgage has provided a Fannie Mae loan of an undisclosed amount for the refinancing of Flats at Van Alstyne, a 232-unit multifamily property located about 50 miles north of Dallas. The property offers one- and two-bedroom units and amenities such as a pool, fitness center, clubhouse and a resident lounge. Fritz Waldvogel of Colliers Mortgage originated the five-year loan through a partnership with Old Capital Lending. The borrower was an entity doing business as MPT Texas 9 LLC.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 18,471 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Locally based brokerage firm Finial Group has negotiated an 18,471-square-foot industrial lease at 6832 Bourgeois Road in Houston. The tenant, global energy services firm Interwell US, will occupy space within Four Seasons Business Park on the city’s northwest side. John Buckley and Jack Gaffney of Finial Group represented the undisclosed landlord in the lease negotiations.

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DevelopmentLoansMultifamilyTexas

Colliers Mortgage Provides $16.8M in HUD-Insured Financing for San Antonio Affordable Housing Project

by Taylor Williams

SAN ANTONIO — Colliers Mortgage has provided $16.8 million in HUD-insured, construction-to-permanent financing for Culebra Road Apartments, a 199-unit affordable housing project in San Antonio. The property will offer one-, two- and three-bedroom units, all of which will be subject to income restrictions, and amenities such as a pool, fitness center, playground, business center, clubhouse, activities room and outdoor grilling and dining stations. Jeff Rogers of Colliers Mortgage originated the financing, which was structured with a 40-year term. The borrower was an entity doing business as Culebra Road Apartments LP.

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4000-Horizon-Way-Irving
AcquisitionsDevelopmentIndustrialTexas

Foundry Commercial Acquires 287,000 SF Office Building in Irving, Plans Industrial Conversion

by Taylor Williams

IRVING, TEXAS — Orlando-based real estate investment and brokerage services firm Foundry Commercial has purchased a 287,000-square-foot office building located at 4000 Horizon Way in Irving with plans to convert the property into an industrial facility. Foundry Commercial plans to reposition the property, which was built on 24.2 acres in 1999, into a three-building complex that totals roughly 337,000 square feet. The industrial buildings will feature rear-load configurations and roughly 70 combined trailer parking spaces. Construction is set to begin in the first quarter. Holt Lunsford Commercial will market the property for lease.

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Addison-Innovation-Center
DevelopmentIndustrialTexas

Lovett Industrial, Rosewood to Develop 242,062 SF Industrial Project in Metro Dallas

by Taylor Williams

ADDISON, TEXAS — A partnership between two developers, Houston-based Lovett Industrial and Dallas-based Rosewood Property Co., will develop Addison Innovation Center, a 242,062-square-foot industrial project that will be located on the northern outskirts of Dallas. The project will comprise two buildings on a 12.2-acre site. Building 1 will be a redevelopment of an existing, 140,698-square-foot flex office building, and Building 2 will be a newly constructed warehouse spanning 101,364 square feet. Colliers is the leasing agent for Addison Innovation Center. JLL arranged construction financing. LGE Design Group is designing the project.

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AcquisitionsLee & AssociatesMultifamilyTexas

Lee & Associates Brokers Sale of 27,800 SF Industrial Building in North Houston

by Taylor Williams

HOUSTON — Lee & Associates has brokered the sale of a 27,800-square-foot industrial building located at 15550 Export Plaza Drive in North Houston. The building is located on a 7.6-acre site within World Houston Business Park. According to LoopNet Inc., the building features 15- to 20-foot clear heights and 9,000 square feet of office space. Jason English and Stuart Peterson of Lee & Associates represented the seller, White Hall Real Estate, in the transaction. Trey Erwin III and Josh Carl, also with Lee & Associates, represented the buyer, Equity Resource Partners.

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Company NewsIndustrialTexas

Peinado Construction Opens New Office in Metro Austin

by Taylor Williams

PFLUGERVILLE, TEXAS — Peinado Construction, a Texas-based general contractor that specializes in industrial projects, has opened a new office in the northern Austin suburb of Pflugerville. Peinado first established its presence in the region with industrial projects for major end users like Caterpillar and Carrier Corp. and most recently completed a 141,282-square-foot data center project in Pflugerville for Skybox and Prologis. Ed Motley will lead the new office as executive vice president.

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AcquisitionsIndustrialTexas

Lee & Associates Brokers Sale of 587,287 SF Industrial Property in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Lee & Associates has brokered the sale of a 587,287-square-foot industrial property located at 5901 E. Rosedale St. in Fort Worth. The property consists of 31 buildings that were constructed between 1967 and 1974 and feature clear heights of 16 to 20 feet. The buildings vary in size but had less than 10 percent office finishes in each of them. Colton Rhodes of Lee & Associates represented the buyer, Boston-based investment firm Longpoint Realty Partners, in the transaction. The seller was an entity doing business as Rosedale Industrial Park LLC.

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Lirica-East-Austin
LoansMultifamilyTexas

JLL Arranges Construction Financing for 338-Unit Multifamily Project in East Austin

by Taylor Williams

AUSTIN, TEXAS — JLL has arranged an undisclosed amount of construction financing for Lirica East Austin, a 338-unit multifamily project that will be located about three miles east of the downtown area. Lirica East Austin will feature studio, one-, two- and three-bedroom units with an average size of 799 square feet and amenities such as a pool, clubroom, fitness center, a leasing office, coworking space and a sky lounge. Doug Opalka, C.W. Sheehan, Scott Dickey and Samantha Jay of JLL arranged the loan on behalf of the borrower, a partnership between CSW Development and Blueprint Local. The direct lender was not disclosed. Completion is slated for early 2026.

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