SPRING, TEXAS — Marcus & Millichap has brokered the sale of Cypresswood Crossing, a 107,185-square-foot retail and office complex in the northern Houston suburb of Spring. Cypresswood Crossing consists of two buildings on a 5.6-acre site: a 90,818-square-foot multi-tenant building with both retail and office space and a 16,367-square-foot retail center. Chris Gainey and Philip Levy of Marcus & Millichap represented the seller, a Dallas-based private investment firm, in the transaction. Levy and Scott Abeel procured the buyer, a Houston-based private equity firm. Both parties requested anonymity.
PEARLAND, TEXAS — Partners Real Estate has arranged the sale of a 13,600-square-foot retail property in the southern Houston suburb of Pearland. According to LoopNet Inc., the property at 11713 Shadow Creek Parkway was built in 2008. Marc Peeler and Peyton Nichols of Partners represented the undisclosed seller in the transaction. The buyer was Fondren Orthopedic Group.
KATY, TEXAS — Memphis-based investment firm Fogelman Properties has purchased Inkwell Greenhouse, a 301-unit apartment community located in the western Houston suburb of Katy. Built in 2018 by metro Atlanta-based Davis Development, the property offers one-, two- and three-bedroom units and amenities such as a pool, outdoor pavilion area, clubhouse, fitness center and pet spa/dog park. According to Apartments.com, residences range in size from 661 to 1,461 square feet. Inkwell Greenhouse was 91 percent occupied at the time of sale. Fogelman plans to implement a value-add program. The seller was not disclosed, but the property was formerly known as Cortland Inkwell Greenhouse.
HOUSTON — Dallas-based developer StreetLights Residential has begun leasing The Langley, a 134-unit apartment building located near Rice University in Houston’s Museum District. The Langley is a 20-story building that houses two- and three-bedroom units that range in size from 2,165 to 3,401 square feet. Residences are furnished with walk-in closets, wine coolers, various smart technology features and service kitchens with secondary refrigerators. Outdoor amenities include a pool, grilling and dining stations, outdoor yoga space and a dog run. Indoors, residents have access to a fitness center, lounge, library, coffee bar, conference room and a mailroom. Monthly rents start at $9,100.
MCALESTER, OKLA. — Mumford Co., a national brokerage firm based in Virginia, has arranged the sale of a 61-room hotel in McAlester, about 130 miles southeast of Oklahoma City. The two-story building is operated under the Best Western brand and includes an outdoor pool. G.R. Patel of Mumford Co. represented the seller, an Oklahoma-based family trust, in the transaction. The buyer was AMBA Hospitality LLC. The sales price was not disclosed.
LEANDER, TEXAS — Marcus & Millichap has brokered the sale of a 9,917-square-foot retail strip center in the northern Austin suburb of Leander. Built in 2018, the center houses five suites and is home to tenants such as Verizon and ATI Physical Therapy. Coleman Solomon, Philip Levy, Joseph Jaques and Ron Hebert of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors who requested anonymity, in the transaction.
COLLEGE STATION, TEXAS — Subtext, a student housing and multifamily owner-operator based in St. Louis, in partnership with Larson Capital Management, has broken ground on a 1,193-bed student housing project near Texas A&M University in College Station. Known as VERVE College Station, the 21-story, 392-unit building will be situated in the city’s Northgate Entertainment District, less than two blocks from campus. Residences will come in studio to five-bedroom floor plans, and amenities will include a pool, lounge, sky lounge, study rooms, a coffee bar, fitness center, meditation rooms, multi-sport simulator and an indoor/outdoor bar and kitchen. Hoar Construction is serving as the general contractor for the project, which is slated for a summer 2028 completion.
CORPUS CHRISTI, TEXAS — Disney Investment Group (DIG), a Dallas-based brokerage firm, has arranged the sale of Moore Plaza, a 379,035-square-foot retail power center in Corpus Christi. Major users among the center’s roster of 40 tenants include Hobby Lobby, Mardel, Marshalls, Burlington, Old Navy, Office Depot, Total Wine & More, Half Price Books and Pet Supplies Plus. David Disney and Adam Crockett of DIG represented the undisclosed seller in the transaction and procured the buyer, Chicago-based investment firm Bridge33. The deal follows DIG’s closing of the sale of Huntington Square, a 90,768-square-foot shopping center in Corpus Christi, for a combined sales price of roughly $97 million.
FORT WORTH, TEXAS — San Diego-based investment firm Westcore has acquired a 160,000-square-foot distribution building in North Fort Worth. The building is situated on a 9.3-acre site within North Quarter 35 Business Park, a four-building, 645,000-square-foot development. Building features include 32-foot clear heights, 185-foot truck court depths, 35 dock-high doors, two grade-level doors and 21 trailer parking stalls. Westcore acquired the building in a sale-leaseback with an undisclosed owner-occupier and now owns North Quarter 35 Business Park in its entirety, having purchased three existing buildings at the property in 2023.
IRVING, TEXAS — Partners Real Estate has brokered the sale of Embassy Apartments, a 111-unit multifamily complex in Irving. According to Apartments.com, the property offers one-, two- and three-bedroom units, as well as onsite laundry facilities. Preston Browne and Scott Lunine of Partners brokered the deal, which traded at a per-unit price of roughly $125,000. The seller and buyer were not disclosed.