PASADENA, TEXAS — TakeOff Adventure Park will open a 60,000-square-foot entertainment venue at Fairmont Parkway Shopping Center in Pasadena, an eastern suburb of Houston. The space was formerly occupied by Palace Social, and the venue will feature a ninja course, foam pit, climbing walls, trampolines, arcade and party rooms. David Meyers and Alyx Penland of NewQuest represented the landlord in the lease negotiations. Cesar Miranda of KW Commercial Signature Realty represented the tenant.Construction is underway, and the opening is slated for next spring.
HOUSTON — MAG Capital Partners has purchased a 37,000-square-foot industrial facility at 1187-1189 Brittmoore Road in West Houston that will serve as the new headquarters for Nessco Group Holdings Ltd., a telecommunications company that serves the energy sector. The two-building facility includes 24-foot clear heights, oversized grade-level doors and office space. Thompson Green of CBRE represented the seller, an undisclosed private investment group, in the transaction. MAG Capital Partners bought Nessco in late 2024.
FLOWER MOUND, TEXAS — Realty Capital Management has received approval from the Town of Flower Mound, located in the northern-central part of the metroplex, for the expansion of its Lakeside Village mixed-use project. The 21-acre site at the northeast corner of International and Lakeside parkways is the fourth and only remaining undeveloped corner at the intersection where Lakeside Village is located. Plans for the parcel currently call for 43,000 square feet of retail and restaurant space, up to 132 townhomes, a hotel, multiple open entertainment and gathering spaces and a public nature trail. Construction is scheduled to begin late next summer and to last about a year.
SAN ANTONIO — International developer Skanska has topped out a $35 million project at the University of Texas at San Antonio (UTSA). The 52,000-square-foot building will serve as a practice facility for the university’s men’s and women’s basketball and volleyball teams. The facility will have separate practice courts for each program, as well as locker rooms, film review rooms, team lounge areas and office space for UTSA coaching staff. Shared amenities will include strength and conditioning areas, hydrotherapy spaces and equipment and laundry rooms. Completion is slated for summer 2026.
AMARILLO, TEXAS — A limited liability company doing business as 3101 BB LLC has purchased Boulder Bay Apartments, a 224-unit multifamily property in Amarillo, for $22.4 million. Built in 2016, the property offers one-, two- and three-bedroom units that are furnished with granite countertops, black appliances and walk-in closets. Amenities include a pool, fitness center, business center, resident lounge and outdoor grilling and dining areas. The seller was not disclosed.
RICHARDSON, TEXAS — Edge Capital Markets has arranged the sale of Promenade North Plaza, a 59,355-square-foot shopping center located in the northeastern Dallas suburb of Richardson. Built in 1979, the center consists of six building on a 4.3-acre site. Brandon Beeson and John David Cobb of Edge represented the undisclosed seller in the transaction. Promenade North Plaza was 93 percent leased at the time of sale.
KATY, TEXAS — Partners Real Estate has brokered the sale of a 50,532-square-foot industrial outdoor storage facility in the western Houston suburb of Katy. The site at 29315 Highway Blvd. spans 44.6 acres. Hunter Stockard and Wyatt Huff of Partners represented the seller, BioUrja, in the transaction. The buyer was Chicago-based private equity real estate firm Timber Hill Group.
By Taylor Williams DALLAS — As a metroplex, Dallas-Fort Worth (DFW) has the physical sprawl, population density, pace of job growth and volume of housing development to fairly be labeled as one of the biggest consumer markets in the country, on par with New York City and Los Angeles. It’s the extent to which affordability has matured in New York City and Los Angeles that marks the key difference between DFW and the coastal behemoths. Aside from rental housing, no asset class within commercial real estate captures a given market’s affordability better than retail. Retail rents in the most sought-after corridors and districts of New York City and Los Angeles seemingly have no ceiling, and that is reflected in the prices of the products and services that are dispensed from those spaces. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. It’s fair to assume that for most households that have relocated from the coasts to DFW, housing and jobs have been the most decisive factors. Yet retail spending does account for a good chunk of the average family’s disposable …
FARMERS BRANCH, TEXAS — Texas-based developer Presidium has completed Presidium Valley View, a 338-unit multifamily project located in the northern Dallas metro of Farmers Branch. Units come in studio, one-, two- and three-bedroom floor plans and range in size from 573 to 1,631 square feet. Residences are furnished with stainless steel appliances, quartz countertops, kitchen islands, built-in desks, private balconies, keyless entry mechanisms and individual washers and dryers. Indoors, the property houses a fitness center, clubroom area, coffee bar, theater lounge with a golf simulator and coworking spaces. Outdoor amenities include a pool, yoga lawns, grilling areas and a pet park/spa. Dallas-based O’Brien Architects served as the project architect. Leasing began last winter, at which point rents started at $1,585 per month for a studio apartment.
WALLISVILLE, TEXAS — A joint venture between two locally based developers, Vigavi Realty and Ley Wilson Development, as well as Chicago-based Pearlmark, will develop Wallisville Logistics Center, a 262,612-square-foot industrial facility that will be located on the eastern outskirts of Houston. Wallisville Logistics Center will consist of two buildings spanning roughly 135,000 and 128,000 square feet that will feature 32-foot clear heights. Amegy Bank is financing construction of the project. JLL arranged the construction debt and equity partnership and has also been named as the project’s leasing agent.