Texas

The-Meuse-Fredericksburg-Texas

FREDERICKSBURG, TEXAS — Houston-based DC Partners will develop The Meuse, a 22-acre hospitality and retail project in Fredericksburg, about 80 miles west of Austin. Named after town founder John Meusebach and designed by Merriman Anderson Architects, The Meuse will comprise a 212-room boutique hotel and 72,300-square-foot retail district. The hotel will offer a full-service restaurant, lobby bar, event venue and a pool deck and lounge. The adjacent retail district, which will be leased by Colliers, will feature boutique shops, artisanal markets and locally inspired food-and-beverage concepts, as well as open-air spaces. Construction is scheduled to begin this spring and to be complete in late 2027.

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3800-Railport-Parkway-Midlothian

MIDLOTHIAN, TEXAS — Brokerage and advisory firm Binswanger has arranged the sale of an 852,987-square-foot vacant industrial facility in the southern Dallas suburb of Midlothian. The rail-served facility sits on a roughly 94-acre site at 3800 Railport Parkway and features 50-foot clear heights throughout and ample trailer parking space. The site can also support future expansion. MPI Group LLC sold the property to CAPSTAR Real Estate Advisors for an undisclosed price. Holmes Davis of Binswanger brokered the deal. The new ownership plans to market the property to manufacturing and distribution users.

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HUFFMAN, TEXAS — Marcus & Millichap has brokered the sale of Huffman 2100 Storage, a 451-unit self-storage facility located northeast of Houston. Built in 2018 and expanded in 2023, the six-building facility totals 48,550 net rentable square feet of space across 264 climate-controlled units, 172 non-climate-controlled units and 15 outdoor parking spaces. Dave Knobler, Charles LeClaire, Mixson Staffel and Adam Schlosser of Marcus & Millichap represented the seller, a local limited liability company, in the transaction and procured the buyer, an Arizona-based REIT. Both parties requested anonymity.

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AUSTIN, TEXAS — Exacta Systems has signed a 15,908-square-foot office lease in North Austin. The South Florida-based gaming and entertainment technology company is taking space on the ground floor of Victory Plaza, a three-story, 93,128-square-foot building. Brent Powdrill, Bethany Perez and Colton McCasland of JLL represented the undisclosed landlord in the lease negotiations. Zach Ellis of Colliers represented the tenant.

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Sorrel-Phillips-Creek-Ranch-Frisco

FRISCO, TEXAS — A partnership between Atlanta-based RangeWater Real Estate and metro Philadelphia-based CenterSquare Investment Management has purchased Sorrel Phillips Creek Ranch, a 352-unit apartment community in Frisco. Built in 2015, the property offers one-, two- and three-bedroom units that range in size from 776 to 1,476 square feet. Amenities include a pool, clubhouse, bark park, media center and a fitness center. The new ownership plans to make capital improvements to unit interiors and building exteriors. The seller and sales price were not disclosed.

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HOUSTON — Lee & Associates has negotiated the sale of a 7.6-acre IOS (industrial outdoor storage) facility in North Houston. The property at 15550 Export Plaza Drive, which was fully leased at the time of sale, functions as a cross-dock truck terminal. Trey Erwin, Josh Carl and Jason Dannatt of Lee & Associates represented the undisclosed seller in the transaction. The buyer was a fund backed by New York City-based Clarion Partners.

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AUSTIN, TEXAS — Houston-based Whitestone REIT has welcomed four new tenants to Davenport Village, an open-air shopping center in northwest Austin. The tenants are Starbucks Reserve (3,274 square feet), exercise concepts Pvolve (3,126 square feet) and RVE Fitness (7,815 square feet) and flexible workspace provider CUBExec (undisclosed). The first three stores will open later this year, and CUBExec will open next spring.

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DALLAS — Aircraft Custom Interiors LLC has renewed its 19,237-square-foot lease at Quebec Business Center in Dallas. The industrial flex building is located on the city’s northwest side. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord, an entity doing business as GKI Industrial Dallas LLC, in the lease negotiations. Michael Haggar of JLL represented the tenant.

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AUSTIN, TEXAS — Kane Russell Coleman Logan PC has signed an approximately 8,000-square-foot office lease at Frost Bank Tower in downtown Austin. The new office, which is scheduled to open in the coming weeks, will be staffed by six partner and associate attorneys and three business professionals. The Dallas-based law firm has also planned for future expansion at the 33-story building. An affiliate of Endeavor Real Estate Group owns the building.

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Griffin 288/West Airport-Houston

HOUSTON — A joint venture between funds backed by Houston-based developer Griffin Partners and Chicago-based investment firm Peakline Partners will develop a 224,700-square-foot industrial project in South Houston. Known as Griffin 288/West Airport, the development will be situated on a 17.8-acre site and will offer parking for 113 cars and 61 trailers (expandable to 81). Construction is slated for a second-quarter 2026 completion. Faron Wiley of CBRE represented the joint venture, which was structured by CBRE’s Nathan Wynne, in its acquisition of the land. Wiley is also the project’s leasing agent along with CBRE colleague Billy Gold.

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