Tuesday, January 13, 2026
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DevelopmentIndustrialTexas

Constellation, Northwestern Mutual to Develop 200,493 SF Industrial Project in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — A partnership between Constellation Real Estate Partners and Northwestern Mutual has acquired 10 acres in Grand Prairie, located roughly midway between Dallas and Fort Worth, for the development of a 200,439-square-foot industrial project. Designed by Pross Design Group, Constellation Commerce 360 will comprise two buildings totaling 95,760 and 104,733 square feet. Building features will include 32-foot clear heights, ESFR sprinkler systems, LED lighting and the capacity to accommodate a single or multiple users across both buildings. David Eseke and Clay Balch of Cushman & Wakefield represented Constellation Real Estate Partners in the acquisition of the land and have also been retained as leasing agents. Construction is scheduled to begin in the first quarter of next year and to last about 12 months.

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Westview-Heights-Denton
Affordable HousingDevelopmentLoansMultifamilyTexas

BWE Provides $14.4M HUD-Insured Construction Loan for Denton Affordable Housing Project

by Taylor Williams

DENTON, TEXAS — BWE, the commercial mortgage banking firm formerly known as Bellwether Enterprise Real Estate Capital, has provided a $14.4 million, HUD-insured construction loan for Westview Heights, a 132-unit affordable housing project in the North Texas city of Denton. Westview Heights will offer one-, two- and three-bedroom units across three buildings that be reserved for households earning between 30 and 60 percent of the area median income, with 22 units being rented at market rates. Amenities will include a pool, fitness center, business center, laundry facilities and outdoor grilling and dining stations. Jon Killough of BWE originated the loan, which is structured with a fixed interest rate and interest-only payments for the duration of construction, through HUD’s 221(d)(4) program. The borrower was Generation Housing Partners. The capital stack also includes Low-Income Housing Tax Credit (LIHTC) equity that was provided by the Texas Department of Housing & Community Affairs.

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AcquisitionsIndustrialSelf-StorageTexas

Versal Negotiates Sale of 113-Unit Self-Storage Facility in Rockport, Texas

by Taylor Williams

ROCKPORT, TEXAS — Self-storage brokerage firm Versal has negotiated the sale of Paradise Self Storage, a 113-unit facility in Rockport, located outside of Corpus Christi in South Texas. The facility was built in 1994 and spans 23,800 net rentable square feet. Bill Bellomy, Michael Johnson, Logan Foster and Hugh Horne of Versal represented the seller, Iowa-based Elkhorn River Investments LLC, in the transaction. The team also procured the buyer, Corpus Christi-based Preis Investments Inc.

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IndustrialLeasing ActivityTexas

Newmark Secures 44,648 SF Industrial Lease in Metro Austin

by Taylor Williams

ROUND ROCK, TEXAS — Newmark has secured a 44,648-square-foot industrial lease at Green Hill Business Park in the northern Austin suburb of Round Rock. Richard Hoyt, Chip Wiser and Brian Cheek of Newmark represented the tenant, packaging and crating services provider TransPak Inc., in the lease negotiations. Stream Realty Partners represented the landlord, Mississippi-based EastGroup Properties.

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IndustrialLeasing ActivityTexas

Invacor Solutions Signs 33,525 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Invacor Solutions, which provides pipeline services to the energy industry, has signed a 33,525-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the single-tenant property at 6230 Bingle Road was built in 1979 and features 20-foot clear heights, four loading docks, 34 parking spaces and 8,190 square feet of office space. Michael Keegan and Andrew Laycock of Partners Real Estate represented the landlord, ValvTechnologies Inc., in the lease negotiations. Sarah Teel with MSL Investments represented the tenant.

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North-Park-34
DevelopmentIndustrialLeasing ActivityTexas

Arden Group Completes Renovation, Lease-Up of 865,000 SF Industrial Complex in Houston

by Taylor Williams

HOUSTON — Philadelphia-based Arden Group has completed the renovation and lease-up of a 34-building, 865,000-square-foot industrial complex located on the northwest corner of the Beltway 8 and Hardy Toll Road in Houston. Arden Group first acquired the asset in late 2021 and has since rebranded it as North Park 34 and appointed Stream Realty Partners as the leasing agent. Capital improvements included implementing a more traditional office/warehouse configuration, painting building exteriors, upgrading interior/exterior lighting and undertaking full interior renovations to 21 vacant suites.

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AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 303-Unit Self-Storage Facility in Gonzales, Texas

by Taylor Williams

GONZALES, TEXAS — Marcus & Millichap has brokered the sale of Apache Self Storage, a 303-unit facility in Gonzales, about 75 miles east of San Antonio. The property consists of 50 climate-controlled units, 210 non-climate-controlled units, 24 container units and 19 parking spaces. Jon Danklefs of Marcus & Millichap represented the seller in the off-market transaction and procured a limited liability company as the buyer. Both parties requested anonymity.

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Leasing ActivityOfficeTexas

7-Eleven Extends 61,495 SF Office Headquarters Lease in Irving

by Taylor Williams

IRVING, TEXAS — 7-Eleven Inc. has extended its 61,495-square-foot office headquarters lease at Connection Park, a 282,438-square-foot development in Irving. The term of the extension was not disclosed. The two-building complex was originally constructed in 2017. Duane Henley of Newmark represented 7-Eleven in the lease negotiations. HPI Real Estate Services & Investments represented the landlord, Dallas-based investment firm Chief Partners. 7-Eleven operates, franchises and/or licenses more than 13,000 stores in the United States and Canada.

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IndustrialLeasing ActivityLee & AssociatesTexas

Sow Good Inc. Signs 51,264 SF Industrial Lease in West Dallas

by Taylor Williams

DALLAS — Sow Good Inc. has signed a 51,264-square-foot industrial lease in West Dallas. The provider of freeze-dried food products will occupy the entirety of Building 10 at Stemmons Industrial Center, which features a front-load configuration and 25-foot clear heights. Garrison Efird, Jim Cooksey and Dalton Jernigan represented the tenant in the lease negotiations. Lee & Associates represented the landlord, Prologis.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 33,333 SF Industrial Lease in West Dallas

by Taylor Williams

DALLAS — Lee & Associates has negotiated a 33,333-square-foot industrial lease in West Dallas. According to LoopNet Inc., the property at 4811 Lakawana St. was built in 1986 and totals 50,000 square feet. Stephen Williamson of Lee & Associates represented the landlord, Texas-based Stonelake Capital Partners, in the lease negotiations. Lena Pierce and Ryan Boozer of Stream Realty Partners represented the tenant, Glasshouse Products.

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