SPRING, TEXAS — New Promise Neuropathy will open a 3,000-square-foot wellness clinic in Spring, a northern suburb of Houston. The space is situated within Spring Oaks Plaza, a newly developed, 10,188-square-foot retail strip center located at 4544 Spring Stuebner Road. Diana Gaines and Jackson Cain of SVN | J. Beard Real Estate represented the landlord, an entity doing business as Spring Oaks Investments LLC, in the lease negotiations. D.J. Hale of Oxford Partners represented the tenant.
HOUSTON — Transwestern has broken ground on a mixed-use project in Houston’s River Oaks neighborhood that represents the next phase of The Ro, a 17-acre development located at the intersection of West Alabama Street and Buffalo Speedway. The ensuring phase of The Ro will feature The Birdsall, Auberge Collection, which will consist of 44 residences and 105 boutique hotel rooms; The Clayton, a 317-unit apartment community; 80,000 square feet of retail and restaurant space; and office space. The previous phase of The Ro featured a 145,000-square-foot office building that is nearing completion and scheduled for tenant occupancy in June 2026. The Birdsall and The Clayton, as well as the retail component of the next phase, are expected to be delivered in late 2027.
LIBERTY HILL, TEXAS — NexMetro, a Phoenix-based build-to-rent (BTR) developer, has begun leasing Avilla Rio Oaks, a 260-unit community located about 35 miles northwest of Austin in Liberty Hill. The gated community sits on 25 acres and features one-level homes in one-, two- and three-bedroom formats with garages or covered parking. Amenities include a pool, grilling stations, lounge areas, a dog park and walking paths. Rents start at roughly $1,400 per month for a one-bedroom home.
HOUSTON — Locally based brokerage and investment firm Baker Katz has purchased Lakewood Forest Shopping Center, a 108,016-square-foot shopping center located in northwest Houston. According to LoopNet Inc., the center was originally built in 1984. Current tenants include Planet Fitness, Dollar Tree, First Watch, Taco Cabana and KFC. Jason Baker, Kenneth Katz, Ben Brown and Jack Moody led the transaction internally for Baker Katz. The seller and sales price were not disclosed.
HOUSTON — Chicago-based Brennan Investment Group has purchased an industrial outdoor storage (IOS) facility in South Houston. The 7.5-acre facility at 55 Southbelt Industrial Drive features a 32,025-square-foot building with 17 grade-level doors in a cross-dock configuration, as well as a single 30-ton exterior crane and 4 acres of outdoor storage space. The seller and sales price were not disclosed.
LITTLE ELM, TEXAS — Chipotle Mexican Grill has opened a 2,325-square-foot restaurant in Little Elm, located north of the metroplex in Denton County. The restaurant is located within Little Elm Marketplace, a 180,000-square-foot, Kroger-anchored development by Dallas-based Rosebriar Holdings. Preston Pierce Construction spearheaded the build-out of the space in conjunction with Rosebriar.
WACO, TEXAS — The City of Waco has unveiled plans for a $1.4 billion redevelopment of its downtown area. The project is a 12- to 20-year initiative that spans five districts and more than 100 acres along the Brazos River. Key components will include the development of a new building that will jointly house the operations of Waco City Hall and the Waco Independent School District. The plan also encompasses a new convention center, performing arts venue, town square/central events lawn, ballpark and enhanced green spaces. The first phase of the development will focus on infrastructure improvements, including floodplain remediation, water/sewer system upgrades, street enhancements and the establishment of a new public plaza.
DENTON, TEXAS — General contractor Balfour Beatty has completed construction of three elementary schools in the North Texas city of Denton. Designed by Pfluger Architects, Hill Elementary, Martinez Elementary and Reeves Elementary are all part of the Denton Independent School District (ISD) and can each support about 750 students. At each school, a central hub merges the library, dining and outdoor spaces and functions into one open core from which classrooms and areas for special programs extend.
DALLAS — JLL has arranged the refinancing of 3100 Monticello, a 175,193-square-foot office building in the Highland Park area of Dallas. The loan amount was not disclosed. The nine-story building was 90 percent leased at the time of sale. Built in the 1980s, the property has been the beneficiary of more than $4 million in upgrades to the lobby, tenant spaces, amenity areas and HVAC systems throughout the hold period of the borrower, Dallas-based Prescott Group. Trey Morsbach, Jarrod McCabe, Jordan Buck and Riley Alam of JLL arranged the five-year loan through an unnamed local bank.
FORT WORTH, TEXAS — Kroger has opened a 128,000-square-foot store as the anchor tenant at Bonds Ranch Marketplace in northwest Fort Worth. The center also features 45,000 square feet of small-shop and freestanding retail space that is home to tenants such as Starbucks, Chase Bank, Whataburger, Hollywood Feed, ATI Physical Therapy, Emerald Custom Pools, Park Village Nails, Texas Health Breeze and Heartland Dental. Weitzman is the developer and operator of Bonds Ranch Marketplace.