DALLAS — Wealth Partners Alliance has signed a 9,673-square-foot office lease renewal and expansion in North Dallas. According to LoopNet Inc., the building at 12240 Inwood Road was built in 1982 and totals 34,663 square feet. Nathan Denton of Lee & Associates represented the tenant in the lease negotiations. Sean Dalton of Younger Partners represented the landlord.
EL PASO, TEXAS — Locally based general contractor LDCM Solutions has broken ground on Davenport Elementary School, a $73.9 million academic project in El Paso. Designed by Pfluger Architects with construction administration by Carl Daniel Architects, the school is part of the Canutillo Independent School District (ISD) and is located in the Enchanted Hills subdivision on the city’s west side. Davenport Elementary School will have 36 classrooms for prekindergarten through fifth grade students, as well as collaborative learning spaces, a gymnasium, library, cafeteria and outdoor learning and collaboration areas. Construction is expected to be completed in 2027.
FORT WORTH, TEXAS — Locally based firm ONM Living has begun leasing a 378-unit build-to-rent community in South Fort Worth. Cottages at Deer Creek offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.
DALLAS — Newmark has negotiated the sale of The Offices at Park Lane, a 230,691-square-foot office complex in North Dallas. Completed in the mid-1970s, the two-building complex is located within The Shops at Park Lane, a 33-acre mixed-use development, and was 66 percent leased to 16 tenants at the time of sale. Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan of Newmark represented the seller, Northwood Investors, in the transaction. The buyer was DFW LAND Real Estate.
KATY, TEXAS — Chicago-based RSK Real Estate Partners will develop The Landing at Katy Pointe, a 210-unit build-to-rent project that will be located on a 17.2-acre site on the western outskirts of Houston. The development will offer two- and three-bedroom homes with an average size of 1,500 square feet that will include attached garages and private yards. Construction is set to begin in the coming weeks and to be complete in the third quarter of 2026. NewQuest brokered the sale of the land.
HUMBLE, TEXAS — Colliers has brokered the sale of a 51,951-square-foot industrial property in Humble, a northern suburb of Houston. The site at 134 Wilson Road houses multiple buildings that were constructed between 1960 and 2009 and that offer a variety of configurations and clear-height ranges. Tom Condon Jr. of Colliers represented the seller, Humble Machine Works Inc., in the transaction. Ross James and David Claros of Newmark represented the undisclosed buyer.
DALLAS — JLL has arranged a $130 million loan for the refinancing of a portfolio of three build-to-rent (BTR) properties, two of which are in Texas, totaling 608 units. The two Texas properties include Vireo Medical District, a 210-unit property in the northern Dallas suburb of McKinney, and Vireo Twelve Oaks, a 217-unit property in the northern Austin suburb of Georgetown. The third property is located in the Tampa area. Collectively, the three properties are known as the Vireo BTR Portfolio. Jim Curtin, Lauren Dow, Rex Cruz and Obi Eboh of JLL arranged the debt through KeyBank on behalf of the borrower, Georgia-based developer The Vireo Group.
DALLAS — BKM Capital Partners has purchased a portfolio of three industrial properties totaling 200,343 square feet in Texas. The properties include Plaza Circle II, which consists of 68,043 square feet across four buildings in Dallas-Fort Worth’s South Stemmons submarket; GSW Circle I, which comprises 73,600 square feet across five buildings in Grand Prairie; and Kinghurst Circle, which totals 58,700 square feet across two buildings in southwest Houston. Trent Agnew, Charlie Strauss, Tom Weber, Pauli Kerr, Lance Young, Brennan Fewin and Alex Fronterhouse of JLL represented the seller, California-based Circle Industrial, in the transaction. The portfolio was 98 percent leased at the time of sale.
ANNA, TEXAS — Locally based firm ONM Living has begun leasing a 196-unit build-to-rent community in the North Texas city of Anna. Cottages at Anna Station offers studio, one-, two- and three-bedroom homes that range in size from approximately 350 to 1,400 square feet. Homes feature fenced yards, covered front porches, quartz countertops, stainless steel appliances, walk-in showers, full-size washers and dryers and smart technology. Amenities include a fitness center, pool, pickleball courts, indoor and outdoor gaming areas, a dog park and walking trails.
SPRING, TEXAS — Tetra Technologies has signed a 61,975-square-foot office headquarters lease in Spring, a northern suburb of Houston. The energy services company will occupy space at 10000 Energy Drive, a two-building, 563,716-square-foot complex that was completed in 2014. David Baker, Elliott Hirshfeld and Kristen Baker of Newmark represented the landlord, Spear Street Capital, in the lease negotiations. Caleb Lawson of Flatrock Commercial Real Estate Group represented the tenant.