Tuesday, July 15, 2025
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The-Woodlands-Tyler
AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 256-Unit Woodlands Apartments in Tyler, Texas

by Taylor Williams

TYLER, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Woodlands, a 256-unit apartment complex located in the East Texas city of Tyler. Built in 1984, the property offers one- and two-bedroom units and amenities such as fitness and business centers, a pool and package lockers. Taylor Hill, William Hubbard, Drew Kile, Joey Tumminello and Michael Ware of IPA represented the seller, BH Equities, in the transaction and procured the buyer, Clover Capital Partners. Brian Eisendrath, Cameron Chalfant and Harry Krieger of IPA Capital Markets originated an undisclosed amount of agency acquisition financing for the deal that was structured with a seven-year term and fixed interest rate.

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The-Park-on-Barton-Creek-Austin
AcquisitionsOfficeTexas

BH Properties Acquires 205,293 SF Office Complex in Southwest Austin

by Taylor Williams

AUSTIN, TEXAS — California-based investment firm BH Properties has purchased The Park on Barton Creek, a 205,293-square-foot office complex in southwest Austin. Built in 2007, The Park on Barton Creek consists of two buildings on a 16.5-acre site with separate 426-space parking structures. The property recently underwent a $1.3 million capital improvement program that enhanced the lobby and added both a tenant lounge and conference center. Ryan Stevens and Drew Fuller of JLL brokered the sale of the property. The seller was not disclosed.

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DevelopmentHealthcareOfficeTexas

Tannos Development Completes 106,000 SF Office, Healthcare Building in Friendswood, Texas

by Taylor Williams

FRIENDSWOOD, TEXAS — Locally based firm Tannos Development Group has completed construction of a 106,000-square-foot office and healthcare building in Friendswood, a southeastern suburb of Houston. The four-story building is located at 1715 S. Friendswood Drive and had a total price tag of $23 million. University of Texas Medical Branch (UTMB) has leased the entire fourth floor of the building to house its primary and specialty care practices. The building also houses an onsite pharmacy and an expanded imaging suite that includes two radiology rooms and ultrasound capabilities.

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Leasing ActivityOklahomaRetailTexas

Trader Joe’s Signs 16,975 SF Retail Lease in Northwest Oklahoma City

by Taylor Williams

OKLAHOMA CITY — Trader Joe’s has signed a 16,975-square-foot retail lease in northwest Oklahoma City for its first grocery store in the state capital and fourth in the state. The space is located within the 155,000-square-foot Rockwell-Northwest Shopping Center, and Trader Joe’s will join Hobby Lobby and Burlington as the center’s anchor tenants. Tom Blanton with Blanton Property Co. represented the California-based grocer in the lease negotiations. Elise Lopez and Jim Martin internally represented the landlord, JAH Realty. A tentative opening date has not yet been determined.

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The-Everstead-at-Conroe
Build-to-RentDevelopmentSingle-Family RentalTexas

Landmark Properties Completes 190-Unit Build-to-Rent Project in Conroe, Texas

by Taylor Williams

CONROE, TEXAS — Georgia-based developer Landmark Properties has completed a 190-unit build-to-rent residential project in Conroe, about 40 miles north of Houston. The 23.5-acre development represents Phase I of The Everstead at Conroe. The community offers 56 two-bedroom and 134 three-bedroom ranch homes and townhomes that are furnished with granite countertops, stainless steel appliances and individual washers and dryers. Amenities include a pool, dog park, playground, pickleball and bocce ball courts, as well as 567 parking spaces and a 2,817-square-foot clubhouse with a fitness center. Landmark co-developed the project with Open House Group Co. Rents start at roughly $1,580 per month for a two-bedroom home.

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DevelopmentRetailTexas

Whitestone Begins Redevelopment of 117,592 SF Lion Square Shopping Center in Houston

by Taylor Williams

HOUSTON — Locally based owner-operator Whitestone REIT (NYSE: WSR) has begun the redevelopment of Lion Square, a 117,592-square-foot shopping center in southwest Houston. Designed by Michael Hsu Office of Architecture, the project will upgrade the center’s design with traditional Chinese and Vietnamese architectural influences in reference to the location in Houston’s Asiatown District. In addition, the development team plans to transform the center into a cultural hub with greenery, irrigation systems, security and lighting enhancements and a focus on improving the center’s walkability. Completion is slated for early next year.

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Leasing ActivityOfficeTexas

JLL Negotiates 50,498 SF Office Lease in Houston’s Energy Corridor

by Taylor Williams

HOUSTON — JLL has negotiated a 50,498-square-foot office lease at Westgate II in Houston’s Energy Corridor area. The tenant is McDermott, a provider of engineering and construction services for the energy industry. The space features 162 workstations, 66 offices, two breakrooms, 10 conference rooms, a wellness room, coffee coves and collaboration spaces. Tyler Garrett and Christian Canion of JLL represented the undisclosed landlord in the lease negotiations. Steve Hesse, also with JLL, represented McDermott.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 37,233 SF Retail Center in Leander, Texas

by Taylor Williams

LEANDER, TEXAS — Marcus & Millichap has brokered the sale of The Shops at Leander, a 37,233-square-foot retail center located on the northern outskirts of Austin. The center comprises four buildings on a 3.2-acre site that are home to tenants such as DaVita, Domino’s Pizza and Bahama Buck’s. Coleman Solomon and Philip Levy of Marcus & Millichap represented the seller, The Kalantari Group, in the transaction and procured the buyer, an Alabama-based investor.

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IndustrialLeasing ActivityOfficeTexas

One World Energy Signs 10,146 SF Lease at Industrial Flex Building in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — One World Energy LLC, a provider of renewable power solutions, has signed a 10,146-square-foot lease at Carrier Place, an industrial flex building located in the central metroplex city of Grand Prairie. According to LoopNet Inc., the building was completed in 1984 and totals 84,431 square feet. Jim Ferris of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Walker Floyd and Maddy Coffman of Holt Lunsford Commercial represented the landlord.

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Vidal-Cantu-Industrial-Center-Laredo
IndustrialLee & AssociatesMarket ReportsTexasTexas Market Reports

Laredo, Texas: The World’s Largest Port, A Supply Chain Powerhouse

by Taylor Williams

By Enrique Volkmer, associate at Lee & Associates Laredo, Texas, has emerged as one of the largest ports in the world by volume and crossings, driven by its robust infrastructure and strategic location. According to 2023 data from the U.S. Census Bureau, the Port of Laredo was responsible for handling an aggregate amount of product valued at about $320 billion, the most in the country by that metric. In addition, a 2024 article from Transport Topics, citing data from the Laredo Economic Development Corp., stated that the Port of Laredo sees more than 5.5 million truck crossings per year. The article also noted that the port is home to 660 trucking and transportation companies, 250 freight forwarders and 120 U.S. Customs brokers. Recent analysis of freight costs conducted by LoadWise 3PL and OL Logistics found that shipping product from Laredo to several major destinations, including Detroit, Atlanta, Indianapolis and Pittsburgh, actually yields savings compared to shipping from Houston to those cities, all other factors being held equal. The same study revealed a cost advantage when shipping westward from Laredo instead of Dallas to select markets such as Los Angeles, Denver, Seattle, Salt Lake City and San Francisco. Freight is often …

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