AUSTIN, TEXAS — A partnership between the Del Valle Independent School District (ISD), which serves Travis County, and The Thinkery, a children’s museum in Austin, has opened a 25,227-square-foot immersive childcare facility. Designed by Pfluger Architects and located east of the downtown area, the facility features color-coded, dedicated classrooms for infants, toddlers and preschoolers, as well as a central courtyard, library and an array of museum-style, interactive learning exhibits and activities. American Constructors served as the general contractor for the project.
MIDLOTHIAN, TEXAS — SRS Real Estate Partners has brokered the sale of Shops on Main, a 10,238-square-foot retail strip center located in the southern Dallas suburb of Midlothian. The center was built on 1.7 acres in 2023 and was fully leased at the time of sale to tenants such as Boba Tea and Coco Nail Bar. Michael Kaplan, Matthew Mousavi and Patrick Luther of SRS represented the seller, a Texas-based family office, in the transaction. The buyer was a Dallas-based 1031 exchange investor. Both parties requested anonymity.
DALLAS — The evolution of active adult product is in the third inning of a nine-inning game, but some markets are clearly ahead of the curve, says Zach Crowe, managing director of U.S. real estate for private equity giant The Carlyle Group. “There are markets like Dallas, Las Vegas and Denver that have had active adult for 20 years at this point, and the product is well known. The consumer understands what it is. There are other markets with very few properties, and people have no idea what it is. It’s still incredibly early [in the game],” reports Crowe, who is based in Washington, D.C., and focuses on real estate investment opportunities in multifamily, 55+ housing and medical office properties. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. The insights from Crowe came during the CEO panel at the fifth annual InterFace Active Adult conference. The daylong conference, which took place May 7 at The Westin Los Colinas in Dallas, attracted more than 300 industry professionals. Moderated by Ryan Maconachy, vice chairman of health and alternative assets for Newmark, the …
HOUSTON — JLL has secured an undisclosed amount of construction debt and joint venture equity for Autry Park One, a 127,651-square-foot office project that will be located along Allen Parkway and the Buffalo Bayou in West Houston. Autry Park One will offer private offices, meeting space, mid-building outdoor decks, an indoor/outdoor rooftop deck, fitness facility and 10,500 square feet of retail space. Colby Mueck, Cortney Cole and Kevin McConn of JLL worked with Hanover Co. and LOCAL to secure joint venture equity for the project and separately arrange a syndicated construction loan with two regional banks.
HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of a 104,957-square-foot industrial building in North Houston. According to Crexi.com, the building at 12001 Hirsch Road was built on 11.7 acres in 2010. Ryan Hartsell, Matt Rogers and Stephen Hazen of Oxford Partners represented the buyer, TF Warren Group, in the transaction. Carlton Anderson and Nathan Mai of Mohr Partners represented the undisclosed seller.
LAREDO, TEXAS — Lee & Associates has brokered the sale of a 59,252-square-foot industrial building in the South Texas city of Laredo. The front-load building sits on a 5.6-acre site within Unitec Business Park and includes 4,000 square feet of office space. Enrique Volkmer of Lee & Associates represented the seller, Vimex Ltd., in the transaction. The buyer was a company specializing in the manufacturing, distribution and servicing of heavy industrial trucks.
VICTORIA, TEXAS — Regional brokerage firm Cravey Real Estate Services has negotiated the sale of a 41,829-square-foot industrial building in Victoria, about 85 miles north of Corpus Christi. The building is located at 203 Wayne Watkins Drive within a 16-acre industrial park and features a 30-foot clear height. John Foret of Cravey represented the seller, Ken Garner Manufacturing, in the transaction. The buyer was not disclosed.
SAN ANTONIO — Adolfson & Peterson (AP) Construction has broken ground on a $2.3 million healthcare expansion project in San Antonio. The project will expand the emergency room at Methodist Landmark Hospital on the city’s northwest side by 1,850 square feet, repurpose underutilized spaces and upgrade plumbing, electrical and HVAC systems. LK Design Group is the project architect. Completion is slated for September 2026.
FORT BEND COUNTY, TEXAS — Atlanta-based Vista Residential Partners has broken ground on Williams Ranch Vista, a 375-unit multifamily project that will be located on the southwestern outskirts of Houston. The 18.2-acre site is adjacent to the Williams Ranch master-planned development in Fort Bend County. Williams Ranch Vista will offer one- and two-bedroom units that will be furnished with stainless steel appliances, quartz countertops and individual washers and dryers. Amenities will include a pool, fitness area, clubhouse, package center and a dog park. Vista is developing the project in partnership with Parse Capital, A16Z and BOK Financial. Completion is scheduled for spring 2027.
AUSTIN, TEXAS — Regional lender Jefferson Bank has provided $6.3 million in financing for Volente Crossing, an office park in northwest Austin. The undisclosed borrower will use proceeds to refinance existing debt and complete construction. Volente Crossing is a 5.5-acre development with 10 individual sites for vertical development, each designed to accommodate a 4,800-square-foot office building. The park currently consists of one completed, fully leased office building, two shell structures and seven office pad sites. Upon full build-out, the park will feature approximately 48,000 square feet of office space across three completed buildings and seven pad sites.