Tuesday, February 10, 2026
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DevelopmentIndustrialTexas

Lovett Industrial, Cresset Partners Break Ground on 1.2 MSF Logistics Project in Conroe, Texas

by Taylor Williams

CONROE, TEXAS — A partnership between locally based developer Lovett Industrial and private investment firm Cresset Partners has broken ground on NorthPort Logistics Center, a 1.2 million-square-foot logistics project in Conroe, about 40 miles north of Houston. The Class A facility will be situated on a 75-acre site within Conroe Park North and will feature 40-foot clear heights, 224 dock-high doors, 190-foot truck court depths and a minimum of 273 trailer parking stalls. Powers Brown Architecture is designing the project, and Alston Construction is serving as the general contractor. CBRE is the leasing agent, and Citizens Bank provided construction financing. Completion is slated for the second quarter of 2023.

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Affordable HousingDevelopmentMultifamilyTexas

Olive Tree Holdings Underway on $10M Renovation at Metro Houston Affordable Housing Community

by Taylor Williams

PASADENA, TEXAS — New York City-based Olive Tree Holdings is underway on a $10 million renovation at The Life at Park View, a 309-unit affordable housing community in the eastern Houston suburb of Pasadena. The property houses one-, two- and three-bedroom units for households earning 60 percent or less of the area median income. Renovations will include new flooring, kitchen and bathroom countertops, cabinets and appliances. To date, 59 residences have been completed, with an additional 50 in progress. Exterior improvements will include new roofing and windows, as well as plumbing and HVAC upgrades. Completion is slated for the second quarter of 2023.

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AcquisitionsIndustrialTexas

JLL Arranges Sale of 219,000 SF Industrial Property Leased to Amazon in Irving

by Taylor Williams

IRVING, TEXAS — JLL has arranged the sale of DFW Park 161 AMZL, a 219,000-square-foot industrial property in Irving that was constructed in 2022 as a build-to-suit for Amazon. The property sits on 55.7 acres and features 32-foot clear heights, 1,440 parking spaces and a 9.3 percent office finish. Dustin Volz, Stephen Bailey, Dom Espinosa, Zach Riebe and Jack Copher of JLL represented the seller, a joint venture between Invesco Real Estate and Perot Development Co., in the transaction. The buyer was not disclosed.

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Leasing ActivityRestaurantRetailTexas

Northwood Retail Adds Five New Tenants to Prestonwood Place in Metro Dallas

by Taylor Williams

ADDISON, TEXAS — Locally based shopping center owner Northwood Retail has added five new tenants to Prestonwood Place, a 107,000-square-foot center located in the northern Dallas suburb of Addison. One Medical, a membership-based primary care practice, is now open, and Loro Asian Smokehouse & Bar will open later this year. Two other food-and-beverage concepts, Thai restaurant Asian Mint and fast-casual eatery Sweetgreen, are also slated to launch before year’s end. Buff City Soap will open its store in 2023.

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AcquisitionsRetailTexas

STRIVE Negotiates Sale of 32,116 SF Shopping Center in Melissa, Texas

by Taylor Williams

MELISSA, TEXAS — Dallas-based retail brokerage firm STRIVE has negotiated the sale of Melissa Village, a 32,116-square-foot shopping center located about 40 miles north of Dallas. Hudson Lambert of STRIVE represented the seller, a Dallas-based developer, in the transaction, and procured the buyer, a 1031 exchange investor. Both parties requested anonymity. Melissa Village was fully leased at the time of sale to tenants such as Smoothie King, Wingstop, Jersey Mike’s Subs and Jeremiah’s Italian Ice.

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DevelopmentHospitalityTexas

Winston Hotels Nears Completion of 343-Room Conversion Project in Downtown San Antonio

by Taylor Williams

SAN ANTONIO — Hospitality development and management firm Winston Hotels is nearing completion of a project in downtown San Antonio that will convert an office building into a 343-room dual-branded hotel. The AC by Marriott component will total 181 rooms and is scheduled to launch in early October, and the Element by Westin brand will comprise 162 rooms that are slated to come on line before the end of the year. Guests of both hotels will have access to multiple bars and lounges, a fitness center, business center and 4,000 square feet of meeting space.

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DevelopmentIndustrialTexas

Lineage Logistics Signs 315,111 SF Lease at Cold Storage Facility Near Port Houston

by Taylor Williams

HOUSTON — Lineage Logistics, a third-party provider specializing in cold storage real estate, has signed a 315,111-square-foot lease at Houston ColdPort, a newly built facility located near Port Houston. The facility sits on 22.5 acres and features 50-foot clear heights, 200-foot truck court depths and the capacity to support 40,000 pallet positions. The developer, a partnership between CenterSquare Investment Management and Boomerang Interests, broke ground on the facility in April 2021.

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Company NewsNAITexas

Partners Announces Split From NAI Global Affiliation, Will Open New Dallas Office

by Taylor Williams

HOUSTON — The Houston-based brokerage and advisory firm formerly known as NAI Partners has elected not to renew its affiliation with NAI Global and has rebranded the entire organization as Partners. All of the organization’s business lines, including brokerage services, investor services and valuation, will operate under this brand, as will Partners Capital, the company’s commercial investment arm. In addition, Partners, which already has additional offices in Austin and San Antonio, will open a new office in Dallas in the coming months.

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DevelopmentIndustrialSelf-StorageTexas

Spartan Investment Group Begins 303-Unit Self-Storage Expansion Project in Huntsville, Texas

by Taylor Williams

HUNTSVILLE, TEXAS — Colorado-based Spartan Investment Group has begun a 303-unit expansion project at the FreeUp Storage facility in Huntsville, about 70 miles north of Houston. The facility currently comprises 45,000 net rentable square feet of climate- and non-climate-controlled space across 320 units. On a net rentable basis, the expansion will add 31,700 square feet of climate-controlled space and 12,940 square feet of non-climate-controlled space. Spartan Investment Group expects to complete the project before the end of the year.

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AcquisitionsIndustrialTexas

Colliers Negotiates 127,046 SF Industrial Lease in East Houston

by Taylor Williams

HOUSTON — Colliers has negotiated a 127,046-square-foot, full-building industrial lease at 2425 Turning Basin Drive in East Houston. The property features 23-foot clear heights, 12 dock-high doors and 20,292 square feet of office space. John Nicholson, Zack Taylor and Trey Horne of Colliers represented the landlord, Macey Family Properties, in the lease negotiations. John Garza of Windsor Hill Real Estate Group represented the tenant, an entity doing business as LTR Intermediate Holdings Inc.

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