CAMERON, TEXAS — DWG Capital Partners has purchased a 78,600-square-foot industrial complex in Cameron, about 80 miles northeast of Austin. The property consists of multiple buildings on a 27.8-acre site that can support manufacturing, warehouse, office and storage uses. DWG Capital Partners acquired the property in a sale-leaseback with The Butler Weldments Corp., a provider of fabricated and machined metal products that will continue to occupy the facility on a 20-year, triple-net lease. Jonathan Ameen and Mark Grossman of Northmarq represented the seller/tenant in the off-market transaction. Judd Dunning internally negotiated the deal on behalf of DWG Capital Partners.
KATY, TEXAS — Marcus & Millichap has brokered the sale of a 21,598-square-foot, newly built retail strip center in the western Houston suburb of Katy. Gaston Retail Center sits on a 2.2-acre site and was fully leased at the time of sale to nine tenants, including Dos Tacos, Vogs Coffeehouse and Molar Dental. Justin Miller and Irby Rozelle of Marcus & Millichap represented the seller, a local developer, in the transaction and procured the buyer. Both parties requested anonymity.
Port San Antonio Board of Directors Approves Next Step in Development of 300,000 SF Innovation Tower
SAN ANTONIO — The Port San Antonio Board of Directors has unanimously approved the next step in the development of Innovation Tower, an office project on the 1,900-acre Tech Port campus, located just southwest of downtown San Antonio. Port San Antonio is a public entity created to redevelop land formerly occupied by Kelly Air Force Base. Yesterday, the board approved $7.5 million to move the tower from its preliminary phase to the finalization of architectural plans, budget and schedule. The design phase is expected to last about one year, with groundbreaking slated for 2026 and completion by 2028. Project costs are estimated at roughly $275 million, according to the San Antonio Business Journal. The multi-story Innovation Tower, which will be located at the main entrance of the campus, will support growing demand by adding nearly 300,000 square feet of high-end office space. The tower will also include 27,000 square feet of amenity spaces such as a health and wellness center, sauna, locker rooms and a large conference room. Pelli Clarke & Partners designed the tower, with architect Bill Butler leading the project. The tower is a component of a broad innovation campus development strategy the organization unveiled in fall 2024. …
FRISCO, TEXAS — A public-private partnership between FC Dallas and the City of Frisco has begun the $182 million renovation of Toyota Stadium, the Major League Soccer (MLS) team’s home playing field. Upgrades will include three new clubs and a new roof structure that will provide shade for the majority of fans in the seating bowl. The partnership will also deliver expanded seating capacity, renovated entrances and new concession stands and restroom locations. HKS Architects is handling design of the project, and Manhattan Construction Group is serving as the general contractor. Toyota Stadium originally opened in 2005, which makes it the third-oldest soccer-specific venue among MLS teams, according to the partnership. The Hunt Family, which also owns the NFL’s Kansas City Chiefs, owns FC Dallas.
SAN ANTONIO — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on Talleybak Storage, a 744-unit self-storage facility in San Antonio. The three-story facility will be located in the Alamo Ranch submarket on the city’s west side and will span 82,938 net rentable square feet of space. Project partners include Alamo Architects, MBC Engineers and Independent Contractors. Completion is slated for early 2026. The project marks the eighth self-storage collaboration between Bakke and BCDC, including a 751-unit facility at the corner of SW Loop 410 and Palo Alto Road in San Antonio that is nearing completion.
THE WOODLANDS, TEXAS — Marquette Cos., an Illinois-based developer, has begun leasing The Sylvan, a 300-unit residential project located about 30 miles north of Houston in The Woodlands. The Sylvan consists of 188 single-family rentals and townhouses and 112 apartments. Single-family homes feature three- and four-bedroom floor plans, range in size from 1,495 to 1,805 square feet and include private yards and garages. Ranging from 1,456 to 1,581 square feet, townhomes have two- and three-bedroom floor plans with attached garages and private outdoor space. Apartments come in one-, two- and three-bedroom formats and range in size from 650 to 1,574 square feet. Amenities include a clubhouse, pool, fitness center and walking paths. Rents start at $1,700 per month for a one-bedroom unit. Construction of The Sylvan began in October 2023.
COPPELL, TEXAS — Tangram Interiors has signed a 109,744-square-foot industrial lease in Coppell, located in the northern-central part of the metroplex. The Dallas-based interior design firm will occupy the entirety of the building at 301 Southwestern Blvd., which according to LoopNet Inc. was completed in 2024. Building features include 32-foot clear heights, 34 dock-high doors and 3,855 square feet of office space. Travis Sapaugh, John Paul Floyd and Seth Kelly of CBRE represented the tenant in the lease negotiations. Jeremy Kelly and Lena Thomas of Stream Realty Partners represented the landlord, Chicago-based ML Realty Partners.
HUTTO, TEXAS — Jack Allen’s Kitchen, a food-and-beverage concept that specializes in Texas-based cuisine, has opened a 7,000-square-foot restaurant in Hutto, a northern suburb of Austin. The restaurant was built from the ground up within the 35-acre Hutto Co-Op District and will be able to house about 275 patrons between its indoor and patio dining spaces. Designtrait Architects designed the restaurant.
COLLEGE STATION, TEXAS — Subtext, a student housing and multifamily owner-operator based in St. Louis, has partnered with Larson Capital Management for a two-phase student housing development near Texas A&M University in College Station. The project will include EVER College Station (176 units, 545 beds) and VERVE College Station (382 units, 1,193 beds), which will be situated across the street from one another in the city’s Northgate Entertainment District, less than two blocks from campus. EVER will rise seven stories at 401 Stasney St. and include 420 parking spaces, while VERVE will rise 21 stories at 311 Stasney St. and feature 882 parking spaces. The properties will feature layouts ranging from studios to five-bedroom apartments, as well as a combined 55,000 square feet of amenity space (29,000 square feet of indoor and 26,000 square feet of outdoor). The specific amenity offerings will include open lounges, study rooms, a coffee bar, mini market, fitness center, sauna, meditation rooms, outdoor fitness spaces, multi-sport simulator, indoor/outdoor bar and kitchen. Other amenities will include a resort-style pool with poolside cabanas, a jumbotron TV and a sky lounge with a spa, as well as outdoor grilling stations, fire pits, a dog run and a game …
DALLAS — Locally based investment firm M2G Ventures has purchased Inwood Design District, a 14-building, 740,000-square-foot industrial and retail property in Dallas that also includes showroom space as part of the retail component. The 38-acre site at 1110 Inwood Road is located northwest of the downtown area in between the Dallas Design District and the West Brookhollow neighborhood. At the time of sale, Inwood Design District was 93 percent leased to tenants such as Crate & Barrel, White Glove Storage & Delivery, Community Coffee, Neiman Marcus and Granimport USA. M2G Ventures has tapped SHOP Cos. to lease the retail space and Holt Lunsford Commercial to lease the industrial space.