IRVING, TEXAS — Nuveen Green Capital and Lone Star PACE have provided $5.5 million in C-PACE financing for the recapitalization of a 1.1 million-square-foot office building in Irving’s Las Colinas district. The 22-story building at 600 E. Las Colinas Blvd. underwent upgrades in the form of HVAC and automation controls in 2024, allowing the property to qualify for C-PACE financing. The upgrades are expected to reduce the building’s annual electricity consumption by 10 percent. The borrower is Convergent Capital Partners.
AUSTIN, TEXAS — Chicago-based Brennan Investment Group has purchased an industrial outdoor storage (IOS) facility in North Austin. The facility at 505 W. Yager Lane consists of an 18,982-square-foot building with grade-level loading doors, 20 grade-level doors with drive-thru access and 1.5 acres of outdoor storage space. The seller and sales price were not disclosed.
SAN ANTONIO — TruFit Athletic will open a 35,000-square-foot fitness club in North San Antonio. The space, which is located within Lockhill Village Shopping Center and was formerly home to Gold’s Gym, will house a kids club, group workout spaces, personal training spaces and a recovery zone. The club will be TruFit’s eighth in the San Antonio area and is expected to open before the end of the year.
DALLAS — Neuberger Berman has signed a 17,787-square-foot office lease in Uptown Dallas. The investment management firm will consolidate two existing offices in Dallas into a single space at Rosewood Court, a 19-story building. Mike Quint and Jim Cooksey of Newmark represented the tenant in the lease negotiations. Scott Walker, Kim Brooks and Laney Delin of Transwestern represented the landlord, Rosewood Property Co.
By Jamee Jolly, president and CEO, The Real Estate Council With record population growth and a $2.7 trillion economy, Texas faces mounting pressure to expand its housing supply and affordability. New legislation from the 89th legislative session gives developers, cities and investors new tools to build sustainable communities through stronger collaboration between the public and private sectors. From established patterns of corporate relocations, job creation and direct foreign investment to fostering emerging industries like renewable energy, semiconductor manufacturing, aerospace and financial services, Texas has a long history of economic strength, industry diversification and innovation. That track record makes it one of the nation’s premier destinations for both businesses and residents. Last year, according to U.S. Census Bureau data, Texas led the nation in population growth for the 14th consecutive year, adding more than 560,000 people to reach over 31 million statewide. In North Texas, the population in Dallas-Fort Worth (DFW) alone is expected to grow from 8 million to 12 million residents by 2050. While this growth fuels one of the world’s largest economies, it has also created a shortage of more than 320,000 homes and a rising challenge of housing affordability statewide, particularly at the entry-level price point, where …
HOUSTON — Busycon Properties has begun the multimillion-dollar repositioning of 910 Louisiana, a 50-story, 1.2 million-square-foot office tower in downtown Houston. Capital improvements will cover various parts of the building’s exterior and will introduce new amenities, including a 9,000-square-foot conference center, fitness and wellness center and a 5,000-square-foot tenant lounge. Hines manages 910 Louisiana, and Partners Real Estate is the leasing agent. Gallant Commercial has been named as the general contractor for the project, which was designed by architecture firm HOK.
SHAWNEE, OKLA. — GF Central Plastics has opened a 150,000-square-foot metals manufacturing facility in Shawnee, an eastern suburb of Oklahoma City. The facility will complement GF Central’s existing 500,000-square-foot plastic and metals manufacturing plant in Shawnee. Project partners included TAP Architecture, Entegrity Energy Partners, Coalign Group, Cedar Creek Inc. and Evans General Contractors. A grand opening ceremony took place in mid-October, and the facility is expected to be fully operational by next April.
SNYDER, TEXAS — Hospitality brokerage firm Mumford Co. has arranged the sale of a Marriott-branded hotel in Snyder, located in Scurry County in West Texas. The Fairfield Inn & Suites Snyder includes 80 suites and offers amenities such as an outdoor pool, fitness center, convenience mart and onsite laundry services. Ryan Patterson of Mumford Co. represented the undisclosed, Houston-based seller in the transaction. The buyer and sales price were also not disclosed.
CELINA, TEXAS — Metro Nashville-based GBT Realty Corp. will develop Preston Crossroads, a 56,000-square-foot neighborhood shopping center that will be located in the North Texas city of Celina. Sprouts Farmers Market will anchor the center with a 23,262-square-foot grocery store. Preston Crossroads will feature an additional 33,000 or so square feet of inline retail space across three buildings. Construction is scheduled to begin in January and to be complete in summer 2027.
HOUSTON — Colliers has negotiated a 12,192-square-foot industrial lease in East Houston. According to LoopNet Inc., the single-tenant building at 1401 Boyles St. was originally constructed in 1965. Christopher Klein and Judy Garza Beebe of Colliers represented the undisclosed landlord in the lease negotiations. The name and representative of the tenant were also not disclosed.