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AcquisitionsMultifamilyTexas

TruAmerica Multifamily Acquires 280-Unit Dominion Park Apartments in San Antonio

by Taylor Williams

SAN ANTONIO — TruAmerica Multifamily, a Southern California-based investment firm, has acquired the 280-unit Dominion Park Apartments in San Antonio. Built in 2002 on the city’s northwest side, the garden-style community offers a mix of one-, two- and three-bedroom units with an average size of 866 square feet. Amenities include a pool, fitness center, business center, dog park, clubhouse and grilling stations. Approximately 96 units have undergone prior renovations, and TruAmerica plans to renovate the remaining residences. Northmarq arranged both the sale of the property and acquisition financing for the deal. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

Partners Brokers Sale of Five Industrial Buildings Totaling 75,000 SF in Friendswood, Texas

by Taylor Williams

FRIENDSWOOD, TEXAS — Partners Real Estate has brokered the sale of five industrial buildings totaling approximately 75,000 square feet in Friendswood, a southeastern suburb of Houston. The buildings are located within the 120,000-square-foot Rex Road Industrial Business Park. Michael Keegan and Andrew Laycock of Partners represented the seller, Rex Industrial Partners, in the transaction. The buyer and sales price were not disclosed. Partners was also involved in recently negotiating leases at two of the property’s eight buildings.

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AcquisitionsRetailTexas

NewQuest Arranges Sale of 28,322 SF Retail Center in Corsicana, Texas

by Taylor Williams

CORSICANA, TEXAS — Houston-based brokerage firm NewQuest has arranged the sale of Southland Center, a 28,322-square-foot retail center located south of Dallas in Corsicana. The center was developed in the mid-1980s and was fully leased at the time of sale to tenants such as Scrappin Goodtimes and Anytime Fitness. Dakota Workman of NewQuest represented the sellers, private investors Robert Gegenheimer and Joanna Hunt, in the transaction. Daniel Wenz Jr. of Wenz Investment Group represented the buyer, Dallas-based Audax Enterprises.

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IndustrialLeasing ActivityTexas

LFD Forwarding Signs 12,070 SF Industrial Lease in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — California-based logistics company LFD Forwarding has signed a 12,070-square-foot industrial lease in the central metroplex city of Grand Prairie. The space is located within Building 3 at Woodlands Business Center, a 91,854-square-foot complex. Jason Finch and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, Stonelake Capital Partners, in the lease negotiations. Collin Hu of eXp Commercial represented the tenant.

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DevelopmentMultifamilyOklahomaTexas

Milhaus, Humphreys Capital Complete 276-Unit Oxlley Apartments in Edmond, Oklahoma

by Taylor Williams

EDMOND, OKLA. — A partnership between Indianapolis-based developer Milhaus and locally based investment firm Humphreys Capital has completed Oxlley Apartments, a 276-unit multifamily community in Edmond, about 15 miles north of Oklahoma City. Located at 101 W. Main St. in the historic downtown area, Oxlley features studio, one-, two- and three-bedroom units. Amenities include a 24-hour fitness center, electric vehicle charging stations, conference rooms for remote workers, a dog park and a pet spa. Rents start at $1,225 per month for a studio apartment.

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CivicDevelopmentTexas

AP Construction Begins Renovation of McCallum High School in North Austin

by Taylor Williams

AUSTIN, TEXAS — Adolfson & Peterson (AP) Construction has begun the renovation of McCallum High School, which is part of the Austin Independent School District and located on the city’s north side. The school originally opened in 1955 and serves roughly 1,500 students. The project team will demolish the existing 30,000-square-foot science wing and deliver a 50,000-square-foot facility with computer labs, robotics, a wood shop and spaces for biology, chemistry and physics classes. In addition, the entry vestibule and front office will be reconfigured/remodeled for enhanced security. PBK Architects is leading design of the renovation, which is expected to begin in May 2025 and to be complete in fall 2026.

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AcquisitionsRetailTexas

Whitestone REIT Acquires 86,907 SF Shopping Center in Southwest Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Houston-based Whitestone REIT (NYSE: WSR) has acquired 5000 South Hulen, an 86,907-square-foot shopping center in southwest Fort Worth. Built in 2005, the center is adjacent to Hulen Mall and was 96 percent leased at the time of sale to tenants such as Sephora, Old Navy, Barnes & Noble, Potbelly, Sports Clips, Kincaid’s Hamburgers and Jamba Juice. Chris Gerard, Adam Howells and Erin Lazarus of JLL represented the seller, a partnership between Trademark Property Co. and Alto Real Estate Fund, in the transaction.

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Leasing ActivityRetailTexas

EōS Fitness to Open 45,000 SF Gym at Spring Creek Plaza in Plano

by Taylor Williams

PLANO, TEXAS — EōS Fitness will open a 45,000-square-foot gym in Plano. The locally based operator will backfill a space previously occupied by LA Fitness at The Plaza at Spring Creek, a 26-acre lifestyle center that is also home to tenants such as Starbucks, Five Guys and Capital One. Segovia Partners represented EōS Fitness in the lease negotiations. Rosebriar Properties represented the undisclosed landlord. The opening is scheduled for 2027.

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IndustrialLeasing ActivityLee & AssociatesTexas

Lee & Associates Negotiates 44,648 SF Industrial Lease in Round Rock, Texas

by Taylor Williams

ROUND ROCK, TEXAS — Lee & Associates has negotiated a 44,648-square-foot industrial lease in the northern Austin suburb of Round Rock. The tenant was not disclosed. The space is located within Greenhill Distribution Center, which according to LoopNet Inc. was built in 1999. Adam Green and Will Sallis of Lee & Associates represented the landlord, Mississippi-based REIT EastGroup Properties, in the lease negotiations.

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DevelopmentMultifamilyTexas

Wood Partners Breaks Ground on 365-Unit Multifamily Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Atlanta-based developer Wood Partners has broken ground on Alta River Park, a 365-unit multifamily project in Fort Worth. Located just west of the Chisholm Trail Toll Road on the city’s southwest side, the property will offer studio, one-, two- and three-bedroom units. Amenities will include a pool, pet facilities, pickleball court, outdoor activity space, bike storage, a sky deck and direct trail access to the Trinity Clearfork trail system. The first units are expected to be available for occupancy next fall, with full completion slated for spring 2027.

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