HOUSTON — Goree Architects has signed a 21,392-square-foot office lease expansion at Sage Plaza, a 25-story building in Houston’s Galleria district. Sage Plaza spans 530,977 square feet and offers a fitness center, auditorium, coffee bar and an outdoor lounge area. Jessica Ochoa of CBRE represented the landlord, institutional investment firm BlackRock, in the lease negotiations. Anthony Squillante and Collin Roach of Avison Young represented the tenant, which is doubling its space and will now occupy the entire 16th and 17th floors.
FORNEY, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager Resmark Cos., has broken ground on Legacy Gateway, a 336-unit multifamily project in the eastern Dallas suburb of Forney. The community will consist of five three-story buildings on a 14-acre site. Units will come in studio, one- and two-bedroom formats and will range in size from 540 to 1,360 square feet. Amenities will include a pool, outdoor kitchen and gaming courtyard, fitness center, coworking lounge, coffee bar and two dog parks. JHP Architecture is designing the project, and BBL Building Co. is serving as the general contractor. Full completion is slated for spring 2025.
FORT WORTH, TEXAS — Atlanta-based investment firm MDH Partners has acquired Fort Worth Logistics Hub Building 1, a 670,914-square-foot industrial property, for $67.5 million. Built on 39 acres in 2022, the building was fully leased to Samsung SDS America at the time of sale and features 36-foot clear heights and 245 parking spaces. Eastdil Secured represented the undisclosed seller in the transaction. Joe DeHaven negotiated the deal for MDH Partners on an internal basis.
DALLAS — Locally based investment firm Apricus Realty Capital has acquired a nine-acre industrial outdoor storage facility located at 11801 C.F. Hawn Freeway in southeast Dallas. The fenced facility, which was fully leased at the time of sale, houses more than 200 truck/trailer parking spaces as well as a 12,950-square-foot building for repairs and maintenance. The seller and sales price were not disclosed.
HOUSTON — Ocean Edge Services, a provider of subsea hydraulic controls for the energy sector, has signed a 19,755-square-foot, full-building industrial lease in northwest Houston. According to LoopNet Inc., the single-tenant property at 8430 N. Sam Houston Parkway W was built in 2003. Travis Land of Partners Real Estate represented the undisclosed landlord in the lease negotiations. Will Austin of Bridge Commercial Real Estate represented the tenant.
KAUFMAN, TEXAS — SHOP Cos. has arranged the sale of The Shops at Kings Fort, a 10,763-square-foot retail strip center located on the southeastern outskirts of Dallas in Kaufman. The center was built in 2022 and was fully leased at the time of sale to T-Mobile, Wing Stop, HTeaO and Integrity Urgent Care. Tim Axilrod and Tayler Rose of the SHOP Cos. represented the seller, a local developer, in the transaction. The buyer was a private 1031 exchange investor. Both parties were Texas-based entities that requested anonymity.
DALLAS — Dallas-based Entos Design has begun construction on a multimillion-dollar capital improvement program at Chateau Plaza, a 178,970-square-foot office building in Dallas’ Uptown neighborhood. Capital improvements will include upgrades to the lobby, tenant lounge, public corridors and boardroom, as well as the addition of a fitness center and outdoor patio. Chateau Plaza was originally built in 1985 and last renovated in 2011. A group of institutional investors advised by J.P. Morgan Global Alternatives owns the 18-story building and will rebrand it as 2515 McKinney. Stream Realty Partners manages the property and will market the newly renovated space for lease. Completion is slated for the fall.
AUSTIN, TEXAS — Expansive, a provider of flexible workspace solutions formerly known as Novel Coworking, will open a 48,000-square-foot space in Austin’s Highland neighborhood on Thursday, May 4. The space, which will be the company’s second in the state capital, will be located within a five-story building at 305 E. Huntland Drive and will offer private offices, training and meeting rooms and outdoor amenity areas. Users will also have access to an onsite biergarten and indoor/outdoor lounge areas at the building.
HOUSTON — Partners Real Estate has negotiated a 14,000-square-foot industrial sublease at 4555 Brittmoore Road in northwest Houston. According to LoopNet Inc., the property was originally constructed on 1.8 acres in 2002 and features 20-foot clear heights. Travis Land and Braedon Emde of Partners represented the sublessor, IA Manufacturing LLC, in the lease negotiations. The name and representative of the sublessee were not disclosed.
ALEDO, TEXAS — SHOP Cos. has arranged the sale of a 12,428-square-foot retail strip center located on the western outskirts of Fort Worth. Aledo Retail Center, which was fully leased at the time of sale, is located adjacent to the site of the newly announced, 1,825-acre Dean Ranch master-planned development. Tim Axilrod and Tayler Rose of SHOP Cos. represented the seller, a limited liability company, in the transaction. The buyer was a private investor. Both parties were Texas-based entities that requested anonymity.