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Lenox-Timbergrove-Houston
DevelopmentMultifamilyTexas

OHT Partners Breaks Ground on 293-Unit Multifamily Project in Houston

by Taylor Williams

HOUSTON — Austin-based developer OHT Partners has broken ground on a 293-unit multifamily project in Houston’s Lazybrook/Timbergrove area. Lenox Timbergrove will be a five-story building that will house studio, one- and two-bedroom units ranging in size from 500 to 1,500 square feet. Residences will be furnished with stainless steel appliances, quartz countertops and various pieces of smart-home technology. Amenities will include a pool, outdoor kitchen and dining areas, a coworking lounge, indoor pet spa and an artificial turf lawn for games. Completion is slated for late 2025.

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AcquisitionsRetailTexas

2GR Equity, SHOP Development Acquire 177,000 SF Shopping Center in Metro Dallas

by Taylor Williams

RICHARDSON, TEXAS — A joint venture between two locally based firms, 2GR Equity and SHOP Development, has acquired the 177,000-square-foot Promenade North Shopping Center in the northeastern Dallas suburb of Richardson. The center was roughly 70 percent leased at the time of sale to tenants such as Verizon Wireless, Papa Murphy’s and WingStop. The seller and sales price were not disclosed. The new ownership plans to implement a value-add program that will include landscape and parking lot improvements, along with new paint, LED lighting and signage upgrades.

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Hilton-Garden-Inn-San-Marcos
AcquisitionsHospitalityTexas

Partners Capital Purchases 107-Room Hilton Garden Inn Hotel in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — Partners Capital, the investment platform of Partners Real Estate, has purchased a 107-room Hilton Garden Inn hotel in San Marcos, located roughly midway between Austin and San Antonio. The hotel offers traditional guestrooms and suites and amenities such as a fitness center, business center, pool, meeting and event space and an onsite restaurant and bar. The seller and sales price were not disclosed.

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Work-Shop-Dallas
Leasing ActivityRestaurantRetailTexas

Seven Retail Tenants Join 216,500 SF Work/Shop Mixed-Use Development in North Dallas

by Taylor Williams

DALLAS — Seven new tenants have joined the roster at Work/Shop, a 216,500-square-foot mixed-use development in North Dallas. EVO Entertainment Prestonwood debuted at the development in November, and Local Jonny’s, MAI (My Aesthetics Intelligence), Rose Couture Nail Bar and [solidcore] are slated to open later this year. Toast and juice bar Toastique will also open this month and eatery Crisp & Green is now open. Houston-based Triten Real Estate owns Work/Shop, which features 81,500 square feet of retail space in addition to 135,000 square feet of office space and 30,000 square feet of green space.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 167,120 SF Industrial Lease in Brookshire, Texas

by Taylor Williams

BROOKSHIRE, TEXAS — Lee & Associates has negotiated a 167,120-square-foot industrial lease in the western Houston suburb of Brookshire. The tenant, SOLogistics, has leased the entirety of Westside 10 Industrial Park, a front-load building that features 32-foot clear heights, 38 dock doors, two overheard doors, 145-foot truck court depths and parking for 227 cars and 15 trailers. Robert McGee, Taylor Schmidt and Austin Bartula of Lee & Associates represented the landlord, a partnership between Growth Capital Partners and Phelan Development Co., in the lease negotiations. Will Clay of JLL represented SOLogistics.

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Thompson-Road-Distribution-Center-Baytown
DevelopmentIndustrialTexas

Triten Real Estate Completes 130,755 SF Industrial Project Near Port Houston

by Taylor Williams

BAYTOWN, TEXAS — Locally based developer Triten Real Estate Partners has completed Thompson Road Distribution Center, a 130,755-square-foot industrial project located near Port Houston in Baytown. The site spans eight acres, and the building features 32-foot clear heights, 18 dock-high doors, two drive-in ramps, 80 trailer drops and 62 car parking spaces. Method Architecture designed the project, and Angler Construction served as the general contractor. Boyd Commercial is the leasing agent.

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Leasing ActivityRestaurantRetailTexas

Game Time to Open 69,105 SF Entertainment Center in North Houston

by Taylor Williams

HOUSTON — Game Time, a Florida-based entertainment concept that includes bowling, arcade games and dining will open a 69,105-square-foot center in North Houston. The space within the 140,377-square-foot Willowbrook Pavilion shopping center, which is owned by NewQuest Properties, was formerly home to IT’Z Entertainment. The theater portion of that space has since been backfilled by EoS Fitness, which plans to open this summer. Game Time signed the 10-year lease after acquiring the former anchor tenant’s furniture, fixtures and equipment.

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IndustrialLeasing ActivityOfficeTexas

Freedom Furniture & Design Signs 15,340 SF Lease at Industrial Flex Building in Irving

by Taylor Williams

IRVING, TEXAS — Freedom Furniture & Design has signed a 15,340-square-foot lease at Royal Jetstar Tech Center, a 92,052-square-foot industrial flex facility in Irving. The lease term is seven years, and the tenant plans to take occupancy in May. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as Pre DFW Airport LLC, in the lease negotiations. Daniel Rudd of Avison Young represented the tenant.

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San-Palmas-Houston
AcquisitionsMultifamilyTexas

Sueba USA Completes 370-Unit San Palmas Apartments in West Houston

by Taylor Williams

HOUSTON — Locally based developer Sueba USA has completed San Palmas, a 370-unit apartment community in West Houston. The four-story building houses studio, one-, two- and three-bedroom units that range in size from 480 to 2,196 square feet and are furnished with stainless steel appliances, tile backsplashes and nickel hardware. Amenities include a pool, fitness center, outdoor grilling and dining stations, a pickleball court, catering kitchen, coffee bar, lounges and a conference center. Rents start at $1,075 per month for a studio apartment.

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Sports-Illustrated-Resort-at-Lago-Mar
DevelopmentHospitalityTexas

Joint Venture to Develop 200-Room Sports Illustrated Hotel in Texas City, Texas

by Taylor Williams

TEXAS CITY, TEXAS — A joint venture between Sports Hospitality Ventures and Lagoon Development Co. will develop the Sports Illustrated Resort at Lago Mar, a 200-room hotel that will be located southeast of Houston in Texas City. The nine-story hotel will feature a variety of suite accommodations and sports-themed amenities, as well as a 12-acre lagoon and a beach club with cabanas, resort services and a swim-up island bar. Construction is scheduled to begin in the third quarter.

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