MCKINNEY, TEXAS — California-based development and investment firm CapRock Partners has acquired 15.3 acres in McKinney, located north of Dallas, with plans to construct a 250,000-square-foot industrial project. McKinney Air Business Park, named for the site’s adjacency to McKinney National Airport, will be a two-building, shallow-bay development. Construction is scheduled to begin early next year. Colliers represented the undisclosed seller in the land deal and has also been retained by CapRock as the project’s leasing agent.
Texas
SAN ANTONIO — JLL has brokered the sale of Marketplace at Encino Park, an 85,129-square-foot shopping center located at 22135 Bulverde Road in the Far North submarket of San Antonio. Sprouts Farmers Market anchors the center, which was fully leased at the time of sale. Other tenants include Pet Supplies Plus, Burger King and F45. Barry Brown, Erin Lazarus, Shea Petrick and Whitney Snell of JLL represented the seller, Birnbaum Property Co., in the transaction. The buyer was Illinois-based InvenTrust Properties Corp.
FORT WORTH, TEXAS — The Maven, a coworking concept designed specifically for female professionals and entrepreneurs, has opened a 12,000-square-foot space at Sundance Square, a shopping and dining destination in downtown Fort Worth. The space will feature furnished offices, flexible desk layouts, lounges, dining areas, a lactation room, private meeting spaces and a conference room. Local brokerage firm LanCarte Commercial Real Estate is leasing the space.
STRAWN, TEXAS — An entity doing business as Big Bear Partners LP has begun construction on Phase I of an 80-acre mixed-use project in Strawn, about 75 miles west of Fort Worth. The larger development will be known as Big Bear Crossing, and the first phase, which will be known as Big Bear Travel Center, will feature hospitality, retail and industrial uses, as well as an RV park and a 12,000-square-foot fueling station. Completion of Phase I is slated for next summer. Avison Young is marketing various parcels of Big Bear Crossing for sale and build-to-suit development opportunities.
HOUSTON — Locally based investment firm Triten Real Estate Partners has acquired a portfolio of four light industrial properties totaling 482,523 square feet in Houston. Two of the buildings are located on the city’s east side, and two buildings are located on the city’s northwestern side. The portfolio, which was fully leased at the time of sale, was acquired in an off-market transaction. Information on the seller and sales price, as well as the involvement of third-party brokers, was not disclosed.
WESLACO, TEXAS — CBRE has negotiated the sale of Valley Crossing, a 178,594-square-foot shopping center located in the Rio Grande Valley city of Weslaco. The center was 97 percent leased at the time of sale to tenants such as J.C. Penney, T.J. Maxx and Petco. Mark Witcher, Harrison Tye and Jolie Duhon of CBRE represented the seller, an entity doing business as Capcor Weslaco Ltd., in the transaction. The buyer was Otima Investments.
SAN ANTONIO — Stream Realty Partners has broken ground on 211 Crossing, a 35,000-square-foot office project that will be located in the Far West submarket of San Antonio. The development will feature six buildings with an average size of about 5,750 square feet, as well as three pad sites that will be available for purchase or build-to-suit opportunities. Completion is slated for next spring. Stream will also lease the development.
SAN ANTONIO — Partners Real Estate has brokered the sale of a 26,436-square-foot industrial outdoor storage facility (IOS) in San Antonio. The single-tenant site is located at 8034 NE Loop 410 and is leased to Mears Installation, a provider of energy infrastructure solutions. Stan Nowak and Andrew Alizzi of Partners represented the seller, Harbor Capital, in the transaction. The buyer was Base Industrial.
By Jane Witowich, business operations manager, Day One Experts In Collin County, two fast-growing Texas cities are charting a new path for economic development that prioritizes efficiency, adaptability and smart decision-making over traditional staffing models. Fairview and Melissa, a pair of suburban communities facing explosive population growth and mounting development pressure, have adopted a fractional approach to economic development. Instead of creating or adopting full-time, in-house departments, both cities have strategically partnered with outside expertise to stay visible in national site selection circles, foster new investment and keep costs in check. That decision, born out of necessity, is quickly proving to be a blueprint for others. A Model Rooted in Strategy The challenges faced by these teams in Fairview and Melissa are familiar to city leaders across Texas: developer interest is growing, expectations from residents are rising and yet budgets remain constrained. Hiring full-time economic development staff, building marketing infrastructure and funding national outreach campaigns — these initiatives often stretch beyond what smaller cities can reasonably afford. Rather than let those constraints define them, Fairview and Melissa made the deliberate choice to adopt a fractional model. Through partnerships with experienced consultants such as Day One Experts, led by veteran economic …
SHACKELFORD COUNTY, TEXAS — Vantage Data Centers will invest $25 billion to develop a 3.7 million-square-foot, large-scale data center campus in Shackelford County, which is situated near Abilene, Texas, and about 120 miles west of the Dallas-Fort Worth metroplex. Construction of the new 1.4-gigawatt (GW) campus, dubbed “Frontier,” has already begun, with the first of 10 buildings scheduled for delivery in the second half of 2026. The 1,200-acre, multi-phase project is expected to create jobs for 5,000 people across construction and ongoing operations at the campus, according to company representatives. Additionally, Vantage has pledged annual college scholarships for Shackelford County students throughout the lifespan of the project and plans to hire locally while providing training opportunities. “This investment in Texas will be a significant economic growth driver for the area as we rapidly deploy the digital infrastructure needed to support AI applications,” says Dana Adams, president of Vantage’s North America operations. The Frontier campus will be capable of supporting server racks with a power draw of more than 250 kilowatts (kW), while utilizing liquid cooling to support the next generation of graphics processing unit (GPU) loads. Vantage is also pursuing LEED (Leadership in Energy and Environmental Design) certification for Frontier, which …