FORT WORTH, TEXAS — Kroger has opened a 128,000-square-foot store as the anchor tenant at Bonds Ranch Marketplace in northwest Fort Worth. The center also features 45,000 square feet of small-shop and freestanding retail space that is home to tenants such as Starbucks, Chase Bank, Whataburger, Hollywood Feed, ATI Physical Therapy, Emerald Custom Pools, Park Village Nails, Texas Health Breeze and Heartland Dental. Weitzman is the developer and operator of Bonds Ranch Marketplace.
HOUSTON — Whitestone REIT has purchased Ashford Village Center, an 81,407-square-foot grocery-anchored shopping center located in Houston. Ashford Village Center was originally built in 1979, according to LoopNet Inc. Tenants include Thanjai Mess, Ramen Bar Ichi, Japan House, Dollar Tree, Giggles and Fun, Salon Village and Japanese grocer Seiwa Market, which anchors the property. John Indelli, Ryan West, Dawson Hastings and Max Myers of JLL represented the seller in the transaction.
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Morgan Stanley, GSA Acquire Eight-Property Student Housing Portfolio Valued at $1B
NEW YORK CITY — Morgan Stanley Real Estate Investing (MSREI) and Global Student Accommodation (GSA) have acquired a portfolio of eight student housing assets in Tier 1 U.S. university markets from a joint venture between a wholly owned subsidiary of Abu Dhabi Investment Authority (ADIA) and Landmark Properties. The transaction is valued at more than $1 billion. The properties are located across seven states and offer a mix of cottage-style, high-rise and mid-rise formats. The 6,200-bed portfolio is nearly fully leased. Global student housing operator Yugo will manage and rebrand the newly acquired assets. The assets in the sold portfolio include: The acquisition marks the partnership’s entrance into new markets in Virginia, Georgia and Pennsylvania, while expanding its presence in Texas, Florida, Oregon and North Carolina. Through its partnership, MSREI and GSA now own nearly 24,000 student housing beds across 50 properties in 23 states. “This acquisition is testament to the depth of our global teams, our access to unique opportunities and the strength of our institutional relationships in the United States and globally. An off-market portfolio of this size and quality is rare, and demonstrates our experience and expertise in the student housing market,” says Nicholas Porter, CEO at …
FRISCO, TEXAS — Los Angeles-based investment firm TruAmerica Multifamily has purchased Ravello Stonebriar, a 216-unit apartment complex in Frisco. Built in 2018, the property offers one- and two-bedroom units and amenities such as a pool, game room, fitness center, lounge, outdoor theater, grilling stations and pet care facilities. Daniel Baker, Kevin O’Boyle and Chandler Sims of CBRE represented the undisclosed seller in the transaction.
IRVING, TEXAS — Nuveen Green Capital and Lone Star PACE have provided $5.5 million in C-PACE financing for the recapitalization of a 1.1 million-square-foot office building in Irving’s Las Colinas district. The 22-story building at 600 E. Las Colinas Blvd. underwent upgrades in the form of HVAC and automation controls in 2024, allowing the property to qualify for C-PACE financing. The upgrades are expected to reduce the building’s annual electricity consumption by 10 percent. The borrower is Convergent Capital Partners.
AUSTIN, TEXAS — Chicago-based Brennan Investment Group has purchased an industrial outdoor storage (IOS) facility in North Austin. The facility at 505 W. Yager Lane consists of an 18,982-square-foot building with grade-level loading doors, 20 grade-level doors with drive-thru access and 1.5 acres of outdoor storage space. The seller and sales price were not disclosed.
SAN ANTONIO — TruFit Athletic will open a 35,000-square-foot fitness club in North San Antonio. The space, which is located within Lockhill Village Shopping Center and was formerly home to Gold’s Gym, will house a kids club, group workout spaces, personal training spaces and a recovery zone. The club will be TruFit’s eighth in the San Antonio area and is expected to open before the end of the year.
DALLAS — Neuberger Berman has signed a 17,787-square-foot office lease in Uptown Dallas. The investment management firm will consolidate two existing offices in Dallas into a single space at Rosewood Court, a 19-story building. Mike Quint and Jim Cooksey of Newmark represented the tenant in the lease negotiations. Scott Walker, Kim Brooks and Laney Delin of Transwestern represented the landlord, Rosewood Property Co.
By Jamee Jolly, president and CEO, The Real Estate Council With record population growth and a $2.7 trillion economy, Texas faces mounting pressure to expand its housing supply and affordability. New legislation from the 89th legislative session gives developers, cities and investors new tools to build sustainable communities through stronger collaboration between the public and private sectors. From established patterns of corporate relocations, job creation and direct foreign investment to fostering emerging industries like renewable energy, semiconductor manufacturing, aerospace and financial services, Texas has a long history of economic strength, industry diversification and innovation. That track record makes it one of the nation’s premier destinations for both businesses and residents. Last year, according to U.S. Census Bureau data, Texas led the nation in population growth for the 14th consecutive year, adding more than 560,000 people to reach over 31 million statewide. In North Texas, the population in Dallas-Fort Worth (DFW) alone is expected to grow from 8 million to 12 million residents by 2050. While this growth fuels one of the world’s largest economies, it has also created a shortage of more than 320,000 homes and a rising challenge of housing affordability statewide, particularly at the entry-level price point, where …
HOUSTON — Busycon Properties has begun the multimillion-dollar repositioning of 910 Louisiana, a 50-story, 1.2 million-square-foot office tower in downtown Houston. Capital improvements will cover various parts of the building’s exterior and will introduce new amenities, including a 9,000-square-foot conference center, fitness and wellness center and a 5,000-square-foot tenant lounge. Hines manages 910 Louisiana, and Partners Real Estate is the leasing agent. Gallant Commercial has been named as the general contractor for the project, which was designed by architecture firm HOK.