RICHMOND, TEXAS — Local developer NewQuest has broken ground on an 87,502-square-foot retail project in Richmond, a southwestern suburb of Houston. The project is an expansion of The Grand at Aliana, a 650,000-square-foot retail power center, and the new space is preleased to Dick’s Sporting Goods (60,249 square feet) and Havertys Furniture (27,253 square feet). Both stores are expected to open before the end of the year. Matt Reed and Greg Bracchi of SHOP Cos. represented Dick’s Sporting Goods in the lease negotiations. Mark Reeder, Ed Heap, Jonathan Probst and Ryan Johnson of SRS Real Estate Partners represented Havertys. Josh Friedlander internally represented NewQuest in both sets of lease negotiations and partnered with the firm’s David Meyers on the Havertys deal.
HOUSTON — JLL has brokered the sale of a portfolio of three industrial properties in Houston: Central Green Corporate Center (516,134 square feet), North Houston Logistics Center Building G (351,400 square feet) and West Little York (153,188 square feet). Known as the NxNW Houston Class A Logistics Portfolio by virtue of the properties’ locations on the city’s north and northwest sides, the approximately 1 million-square-foot portfolio comprises six buildings with an average vintage of 2016 and clear heights that range from 26 to 36 feet. Trent Agnew, Charlie Strauss, Lance Young, Brooke Petzold and Dawson Hastings of JLL represented the undisclosed seller in the transaction. The buyer was a fund backed by Ares Management Corp. The portfolio was 95 percent leased to 10 tenants at the time of sale.
AUSTIN, TEXAS — A joint venture led by local investment firm Seamless Capital has received a bridge loan of an undisclosed amount for the refinancing of a newly built, mixed-use property in the South Lamar submarket of Austin. The property consists of The Bouldin, a 309-unit multifamily community, and a 138,612-square-foot commercial building. The Bouldin offers studio, one- and two-bedroom units and amenities such as a pool, courtyards, indoor and outdoor lounges, a fitness center and club area with a bar. Doug Opalka, Kyle Spencer and Patrick McCord of JLL arranged the loan through Canyon Partners Real Estate on behalf of the borrower.
CELINA, TEXAS — Aquarian Real Estate Partners (AREP), the real estate investment arm of Aquarian Holdings, and PACE Equity LLC have provided financing for Jefferson Ownsby, a 436-unit multifamily project in the North Texas city of Celina. The financing consists of a senior construction facility from advisory clients of AREP and $23.5 million in C-PACE financing from PACE Equity. Jefferson Ownsby will be a four-story, garden-style property that will offer amenities such as a pool, fitness center, dog park and a clubhouse. The borrower is JPI. The groundbreaking of the project took place in early December, and completion is slated for late 2027.
DENTON, TEXAS — Mexico-based investment firm Vazma Capital has purchased a 73,104-square-foot industrial building in the North Texas city of Denton. The building at 2801 N. I-35 was built in 1979 and was formerly occupied by the seller, food and beverage distributor Ben E. Keith Co. Andrew Clark of Bradford Commercial Real Estate Services represented the buyer, which plans to use the building to expand its auto parts distribution network, in the transaction. David Walters and Brice Wells of CBRE represented the seller.
BROOKSHIRE, TEXAS — Kansas City-based investment firm NorthPoint Development has purchased three industrial buildings totaling approximately 1 million square feet in Brookshire, a western suburb of Houston. The structures are Buildings 1,3 and 8 within Empire West, a 10-building, 3.9-million-square-foot development by Stream Realty Partners that is fully leased to tenants such as Pro Pac, Tesla, H-E-B and Ferguson Enterprises. All three buildings were completed between 2021 and 2025. Seth Koschak, Matteson Hamilton, Mustafa Ali, Adam Jackson and Justin Robinson of Stream, in coordination with Eastdil Secured, brokered the deal.
CORINTH, TEXAS — New York City-based Dwight Capital has provided a $31 million, HUD-insured construction loan for a 172-unit multifamily project that will be located in the North Texas city of Corinth. The project represents Phase II of a larger development known as Oxford at the Boulevard and will consist of five garden-style residential buildings, four parking garages, a dog park and onsite storage units. Phase I of Oxford at the Boulevard delivered 193 units. Brandon Baksh and Brian Yee of Dwight originated the nonrecourse loan through HUD’s 241(a) program for the borrower, Oxford Enterprises.
HOUSTON — Stream Realty Partners has broken ground on Summit Grove Business Park, a 217,120-square-foot industrial project in North Houston. The development will consist of two rear-load buildings spanning 125,600 and 91,520 square feet. Building features will include 32- and 36-foot clear heights, respectively, and a combined total of 78 dock-high doors. Project partners include E.E. Reed (general contractor), Ware Malcomb (architect) and Halff (civil engineer). Completion is slated for late summer. Stream will also handle leasing of the property.
HOUSTON — BMC Capital has arranged $7.7 million in financing for an unnamed multifamily property in Houston. The debt was structured with an interest rate of 6.16 percent, a 54 percent loan-to-value ratio, 10-year term and a 30-year amortization schedule. Keith Van Arsdale led the BMC team on the transaction. The direct lender and borrower were also not disclosed.
WACO, TEXAS — Cromwell Commercial Group, an affiliate of brokerage firm Coldwell Banker Commercial APEX, Realtors, has arranged the sale of a 1 million-square-foot industrial facility in Waco. The facility, which spans 56 acres at 5200 Beverly Drive, was operated as a glass bottle manufacturing facility for 80 years. The new owner, Dallas-based investment firm Keating Resources, plans to reposition the facility’s 907,000‑square‑foot distribution component for lease or sale and has rebranded the property as Waco I-35 Logistics Center. Jordan Beard of Cromwell Commercial brokered the sale of the property, and the firm has also been retained to direct and market the repositioning strategy.