GRAPEVINE, TEXAS — Freight forwarding company IMPEX GLS has signed a 14,969-square-foot industrial lease in Grapevine, located in the northern-central part of the metroplex. According to LoopNet Inc., the building at 800 Industrial Blvd. was built in 2000 and totals 191,000 square feet. Andrew Gilbert and Keaton Brice of Holt Lunsford Commercial represented the landlord, Prologis, in the lease negotiations. Andrew Flores of Mercer Co. represented the tenant.
DALLAS AND CALGARY, ALBERTA — Sunoco LP (NYSE: SUN), a Dallas-based fuel distributor and operator, has entered into a definitive agreement to acquire Parkland Corp. (TSX: PKI), a Calgary-based owner and operator of gas stations, convenience stores and electric vehicle charging stations in North America and the Caribbean. Parkland’s retail store count totals nearly 4,000 locations operating under the Esso, Ultramar, Chevron, On the Run, Pioneer and Fas Gas Plus fuel brands. Sunoco plans to acquire all outstanding shares of Parkland in a cash and equity transaction valued at approximately $9.1 billion, including assumed debt and the acquisition of Parkland’s Burnaby refinery in British Columbia, which produces 55,000 barrels of low-carbon fuels daily. “This strategic combination is a compelling outcome for Parkland shareholders,” says Michael Jennings, executive chairman of Parkland. “This partnership creates significant financial benefits for shareholders and would position the combined company as the largest independent fuel distributor in the Americas.” The acquisition was unanimously approved by the boards of directors for both companies. The deal is expected to close in the second half of 2025 upon the satisfaction of closing conditions, including approval by Parkland’s shareholders and customary regulatory and stock exchange listing approvals. Parkland’s board of …
FRISCO, TEXAS — Dallas-based Cambridge Holdings Inc. has broken ground on a medical office building within the 242-acre Frisco Station mixed-use development on the northern outskirts of Dallas. According to multiple media outlets, including The Dallas Business Journal, the project has a $50 million price tag. The site is located on the northwest quadrant of Dallas North Tollway and Warren Parkway, adjacent to The Star, and the building will total 85,800 square feet. Compass Surgical Partners, Orthopedic Institute of North Texas and Lam Vascular & Associates have committed to being the project’s anchor tenants. Perkins&Will is the project architect, and Rogers-O’Brien Construction is the general contractor. Kimley-Horn is providing civil engineering services, and Transwestern has been tapped as the leasing agent. Completion is slated for late 2026. A partnership between Hillwood, VanTrust Real Estate and The Rudman Partnership owns Frisco Station.
DEER PARK, TEXAS — Chicago-based investment and development firm CenterPoint Properties has purchased the 254,705-square-foot TruePort Distribution Center in Deer Park, an eastern suburb of Houston. According to LoopNet Inc., the facility was built on 13 acres in 2024 and features 36-foot clear heights, 44 dock doors and 145 standard parking spaces. Trent Agnew, Charlie Strauss and Lance Young of JLL brokered the deal. The seller and sales price were not disclosed. The property was fully leased at the time of sale to personal protection safety products manufacturer Ironwear.
DALLAS — Adolfson & Peterson (AP) Construction has begun the renovation and expansion of Christ the King Catholic Church and School in Dallas. Designed by Beck Architecture, the project will include a complete renovation of Parish Hall and demolition of Bernadine Hall, which will be replaced by a new, 25,000-square-foot academic building. The project team will also add a new chapel and courtyard and relocate the church business office. Construction will be carried out in phases, with the groundbreaking to take place in the coming weeks and completion slated for next summer.
GRAND PRAIRIE, TEXAS — ProSource Industries, a manufacturer of wire harnesses, cable assemblies and electrical control panels, has signed a 104,830-square-foot industrial lease in the central metroplex city of Grand Prairie. According to LoopNet Inc., the cross-dock facility at 602 Fountain Parkway was built on 13.8 acres in 1970, totals 300,705 square feet and features five drive-in bays, 16 exterior dock doors and 532 standard parking spaces. Langston Sutcliffe of Partners Real Estate represented the tenant in the lease negotiations. Stream Realty Partners represented the landlord, Dallas-based Leon Capital.
NEW BRAUNFELS, TEXAS — Sprouts Farmers Market will open a 23,434-square-foot store in New Braunfels, a northeastern suburb of San Antonio. The space is located within Creekside Town Center, a 400-acre mixed-use development by Houston-based NewQuest. The store will be among the first in the region for the Phoenix-based grocer. Construction is underway, and the opening is slated for the first quarter of next year.
AUSTIN, TEXAS — Houston-based Clay Development & Construction has broken ground on Mustang Ridge Distribution Center I, a 538,720-square-foot speculative industrial project in southeast Austin. The site spans 27.7 acres at the corner of 6925 FM 1327 and U.S. Highway 183, just south of Austin-Bergstrom International Airport. Building features will include a cross-dock configuration, 36-foot clear heights, 65-foot loading bays, 130-foot truck court depths, 105 dock doors, four drive-in overhead doors, 138 trailer parking spaces and an ESFR sprinkler system. Colliers is the third-party leasing agent for Mustang Ridge Distribution Center, which is expected to be complete by the end of the year.
HUTTO, TEXAS — Locally based investment firm Buchanan Capital Partners has acquired a 196,523-square-foot industrial building in Hutto, a northern suburb of Austin. The building at 2100 Limmer Loop was completed earlier this year within the 1.5 million-square-foot Innovation Business Park and can support either a single or multiple tenants. Building features include 32-foot clear heights, 185-foot truck court depths, 52 dock doors, 2,350 square feet of office space and parking for 200 cars and 50 trailers. The seller was Titan Development, which owns Innovation Business Park.
FORT WORTH, TEXAS — Indianapolis-based developer Scannell Properties has begun construction on a 139,674-square-foot cold storage facility in Fort Worth. The facility will consist of 127,307 square feet of freezer space and 12,367 square feet of office space, with the capacity for 40,667 square feet of expansion. In addition, the facility will have 42-foot clear heights, 24 fully equipped dock doors, space for approximately 15,000 pallet positions and six flex rooms with temperatures that will range from -10 to 40 degrees Fahrenheit. CBRE is the leasing agent. Completion is slated for mid-2026.