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110-E.-Polk-St.-Richardson-Texas
DevelopmentMultifamilyTexas

High Street, Tokyu Break Ground on 281-Unit Multifamily Project in Downtown Richardson, Texas

by Taylor Williams

RICHARDSON, TEXAS — A joint venture between High Street Residential, a subsidiary of Trammell Crow Co., and Tokyu Land Corp. has broken ground on a 281-unit multifamily project in the northeastern Dallas suburb of Richardson. The site is located at 110 E. Polk St. in the downtown area, and the complex will feature studio, one- and two-bedroom units that will range in size from 590 to 1,340 square feet. Amenities will include a pool, clubroom, coworking areas, grilling stations, a fitness center, dog wash station and a package room. WDG Architects designed the project, and Andres Construction is serving as the general contractor. Completion is slated for the fourth quarter of 2027.

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Leasing ActivityOfficeTexas

Balfour Beatty Signs 35,139 SF Office Lease at Victory Park in Dallas

by Taylor Williams

DALLAS — Balfour Beatty has signed a 35,139-square-foot office lease in the Victory Park area of Dallas. The construction and infrastructure development company is taking space at One Victory Park, a 20-story, 435,606-square-foot building. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, New York City-based investment firm Clarion Partners, in the lease negotiations. Andrew Cheney of Lee & Associates, along with Phil Puckett and Harlan Davis of CBRE, represented Balfour Beatty.

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AcquisitionsDevelopmentOfficeRetailTexas

PAGEWOOD Buys 14,000 SF Office, Retail Building in West Houston, Plans Redevelopment

by Taylor Williams

HOUSTON — PAGEWOOD has purchased a 14,000-square-foot office and retail building at 1440 Brittmoore Road in West Houston with plans to undertake a redevelopment. The local owner-operator plans to occupy 6,000 square feet within the building for its new headquarters and to tenant the remainder of the space with food-and-beverage and/or fitness concepts. The project, which will be known as The Outpost at Brittmoore, is expected to be complete in the fourth quarter. 

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AcquisitionsCivicOfficeTexas

Franklin Street Arranges Sale of 12,705 SF Office Building in Pflugerville, Texas

by Taylor Williams

PFLUGERVILLE, TEXAS — Tampa-based brokerage firm Franklin Street has arranged the sale of a 12,705-square-foot office building in the northern Austin suburb of Pflugerville. The building at 508 Old Austin Hutto Road was built in 2013 and will be the future home of the Cameron Road Church of Christ. Marshall Durrett and Laura Fretwell of Franklin Street represented the church in the transaction. The seller was an entity doing business as Government Leases LLC.

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AcquisitionsOfficeRetailTexas

Town Lane, Gillon Property Acquire 460,000 SF Retail, Office Property in Allen, Texas

by Taylor Williams

ALLEN, TEXAS — A partnership between two investment firms, New York-based Town Lane and Dallas-based Gillon Property Group, has acquired Watters Creek Village, a 460,000-square-foot retail and office property located in the northeastern Dallas suburb of Allen. Built on 46 acres in 2008, Watters Creek Village consists of 360,000 square feet of retail space that is anchored by a Market Street grocery store and 100,000 square feet of boutique office space. Other retail tenants include Anthropologie, Barnes & Noble, Lululemon, Mi Cocina, Pure Barre, Sephora and Warby Parker. A fund backed by Ares Real Estate financed the acquisition. Kyle Minter, Conor Lalor, James Sharpe and Cole Frantz of Newmark represented the undisclosed seller in the transaction. Lalor also worked with Newmark’s Clint Frease and Bill Fishel to arrange acquisition financing on behalf of the new ownership, which plans to make capital improvements to the property.

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New-Hope-Cedar-Park-Texas
AcquisitionsIndustrialTexas

JLL Brokers Sale of 271,689 SF Industrial Campus in Cedar Park, Texas

by Taylor Williams

CEDAR PARK, TEXAS — JLL has brokered the sale of a three-building, 271,689-square-foot industrial campus in Cedar Park, a northern suburb of Austin. Built in 2024 and known as New Hope, the campus spans 28.5 acres and houses shallow-bay, rear-load buildings that feature 32-foot clear heights, 200-foot truck court depths, 17 percent office finishes and a combined 82 dock-high doors and 579 parking spaces. Trent Agnew, Witt Westbrook, Kyle Mueller, Rob Ellwood and Patrick McCord of JLL represented the seller, a joint venture between three Central Texas investment firms, Riverside, Live Oak Group and Cordova Real Estate Ventures, in the transaction. The buyer was San Francisco-based Stockbridge.

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Aloft-Hotel-Las-Colinas-Irving
AcquisitionsHospitalityTexas

Hunter Advisors Arranges Sale of 136-Room Hotel in Irving

by Taylor Williams

IRVING, TEXAS — Atlanta-based brokerage firm Hunter Advisors has arranged the sale of Aloft Hotel Las Colinas, a 136-room hospitality property in Irving. The hotel was originally built in 2008. Amenities include an outdoor pool, fitness center, business center, meeting space and an onsite bar and restaurant. Kami Burnette and Mason McDavid of Hunter Advisors brokered the deal. The buyer and seller were not disclosed. The new owner plans to implement capital improvements.

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IndustrialLeasing ActivityTexas

Finial Group Negotiates 12,500 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Local brokerage firm Final Group has negotiated a 12,500-square-foot industrial lease in northwest Houston. The deal is for the entirety of the building at 6770 Bourgeois Road, which according to LoopNet Inc. was constructed in 2012 and renovated in 2024. Christian Villarreal and Tyler Holt of Finial Group represented the tenant, Firetrol Protection Systems, in the lease negotiations. The name and representative of the landlord were not disclosed.

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IndustrialLoansTexas

Gantry Arranges $60M Loan for Refinancing of Fort Worth Industrial Building

by Taylor Williams

FORT WORTH, TEXAS — San Francisco-based intermediary Gantry has arranged a $60 million loan for the refinancing of a 1.4 million-square-foot industrial building in Fort Worth. An undisclosed insurance company provided the loan, which was structured with a fixed interest rate, interest-only payments and two one-year extensions. George Mitsanas, Tim Storey and Chad Metzger led the transaction for Gantry. The borrower was also not disclosed. The building was fully leased at the time of sale to a toy company.

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Port-45-Houston
IndustrialLeasing ActivityTexas

Alta Warehousing Signs 392,066 SF Industrial Lease in Wilmer, Texas

by Taylor Williams

WILMER, TEXAS — Alta Warehousing & Logistics has signed a 392,066-square-foot industrial lease in Wilmer, a southern suburb of Dallas. The California-based freight and storage operator will occupy the entirety of Building 2 at Port 45, a development that spans 568,868 square feet across two front-load buildings. James Friedrich of Cresa represented Alta in the lease negotiations. Ben Wallace of Colliers represented the landlord, Griffin Partners.

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