Texas

MetroNational Acquires 309,144 SF Retail Component of CITYCENTRE in West Houston

by Taylor Williams October 16, 2025

HOUSTON — MetroNational has acquired the 309,144-square-foot retail component of CITYCENTRE, a 47-acre mixed-use development in West Houston. The retail portion frames a central green space at the property and is home to roughly 24 food-and-beverage concepts such as Bellagreen, Daily Gather, Eddie V’s Prime Seafood, Grimaldi’s Pizzeria, Hopdoddy Burger Bar, North Italia, Sal y Pimienta, Seasons 52, The Capital Grille and Yard House. Retailers include Allen Edmonds, Anthropologie, Kendra Scott, Sephora, Sur la Table, Tecovas, Warby Parker and West Elm. MetroNational has partnered with Radom Capital to renovate the retail portion of CITYCENTRE. JLL represented the seller, Dallas-based TriGate Capital, in the transaction. MetroNational represented itself.

October 16, 2025

Acquisitions Retail Texas

JLL Arranges Sale of 181,708 SF Retail Property in Waco

by Taylor Williams October 16, 2025

WACO, TEXAS — JLL has arranged the sale of a 181,708-square-foot retail property in Waco that is leased to tenants including Sprouts Farmers Market, Best Buy, Office Depot and Burlington. The property is part of Central Texas Marketplace, a 526,000-square-foot power shopping center that was built between 2005 and 2015. Adam Howells, Barry Brown, Erin Lazarus and Brennan Fewin of JLL represented the seller, Ball Ventures, in the transaction. The buyer was G3C Operating LLC, an entity controlled by Dallas-based investor James “Corky” Nix.

October 16, 2025

Industrial Leasing Activity Texas

Partners Real Estate Negotiates 101,968 SF Industrial Lease in Baytown, Texas

by Taylor Williams October 16, 2025

BAYTOWN, TEXAS — Partners Real Estate has negotiated a 101,968-square-foot industrial lease in Baytown, an eastern suburb of Houston. The tenant is Architectural Surfaces Group, and the space is located within Building 2 of GrandPort 99 Business Park. Travis Land of Partners represented the landlord, a partnership between Alto Real Estate Funds and Industrial Development & Ventures (IDV), in the lease negotiations. Colton Hector and Ed Frantz of CBRE represented the tenant.

October 16, 2025

Leasing Activity Office Texas

Third Coast Infrastructure Signs 20,800 SF Office Lease in Downtown Houston

by Taylor Williams October 16, 2025

HOUSTON — Third Coast Infrastructure LLC has signed a 20,800-square-foot office lease in downtown Houston. The locally based energy infrastructure company plans to move into its new space within Norton Rose Fulbright Tower, a 28-story building located at 1550 Lamar St., sometime next year. Griff Bandy of Partners Real Estate represented the tenant in the lease negotiations. Skanska owns the building.

October 16, 2025

Loans Retail Texas

JLL Arranges $1.2B Refinancing of 1.9 MSF NorthPark Center Mall in North Dallas

by Taylor Williams October 15, 2025

DALLAS — JLL has arranged the $1.2 billion refinancing of NorthPark Center, a 1.9 million-square-foot enclosed mall in North Dallas. NorthPark Center originally opened in 1965 and has subsequently undergone multiple renovations and expansions. Today, the mall is home to nearly 200 tenants, with Neiman Marcus, Nordstrom, Macy’s, Dillard’s, Eataly and AMC Theatres serving as the anchors. A consortium of lenders led by Wells Fargo, Morgan Stanley and Goldman Sachs provided the financing to the owner, NorthPark Management Co., an entity that is owned and controlled by the Nasher/Haemisegger family. Timothy Joyce, Trey Morsbach and Matt Maksymec of JLL led the debt placement efforts. NorthPark Center was 98.6 percent leased at the time of the loan closing. The financing will retire the existing mortgage, and ownership will use excess proceeds to redeem equity interests in the property and return full ownership back to the family.

October 15, 2025

Development Mixed-Use Oklahoma Texas

Rainier Development Unveils Plans for $400M Riverline Mixed-Use Project in Tulsa

by Taylor Williams October 15, 2025

TULSA, OKLA. — Dallas-based Rainier Development Co. has unveiled plans for Riverline, a 37-acre mixed-use project in Tulsa that is valued at approximately $400 million. The site is located south of Joe Creek and east of Lewis Avenue in what the development team describes as “one of Tulsa’s most dynamic growth corridors.” Plans call for approximately 650 luxury apartments that will come in one-, two- and three-bedroom floor plans, set above 200,000 square feet of retail, dining and entertainment space. Rainier is developing Riverline in partnership with the Muscogee (Creek) Nation. Construction of the first phase is scheduled to begin next year and to be complete in late 2027 or early 2028.

October 15, 2025

Civic Development Texas

American Constructors Breaks Ground on 473,338 SF Academic Project in Del Valle, Texas

by Taylor Williams October 15, 2025

DEL VALLE, TEXAS —General contractor American Constructors has broken ground on a 473,338-square-foot academic project for the Independent School District of Del Valle, located just south of Austin. The site is located within the $2 billion Whisper Valley master-planned community. The project is a new high school campus that will expand career and technical education programs and facilities for students pursuing careers in robotics, technology and manufacturing. In addition to a main academic building, the project team will also deliver a field house, concession stand and baseball/softball facilities. Pfluger Architects is designing the project, completion of which is slated for August 2027.

October 15, 2025

Acquisitions Retail Texas

Faris Lee Investments Negotiates $16.6M Sale of Retail Property in Mission, Texas

by Taylor Williams October 15, 2025

MISSION, TEXAS — California-based brokerage firm Faris Lee Investments has negotiated the $16.6 million sale of Mission Gateway, a retail property located in the Rio Grande Valley. Tenants at the property include Burlington and Murdoch’s. A Texas-based developer sold Mission Gateway to a REIT, with both parties requesting anonymity. Don MacLellan, Jeff Conover and Scott DeYoung of Faris Lee brokered the all-cash deal.

October 15, 2025

Acquisitions Office Texas

Colliers Brokers Sale of 182,506 SF Office Building in West Houston

by Taylor Williams October 15, 2025

HOUSTON — Colliers has brokered the sale of a 182,506-square-foot office building located at 11200 Westheimer Road in the Westchase area of West Houston. According to LoopNet Inc., the 10-story building was originally constructed in 1982. James Kadlick, Chris Hutcheson and Harrison Kane of Colliers represented the buyer, an entity doing business as Texas Jewelry District LP, in the transaction. The seller and sales price were not disclosed.

October 15, 2025

Development Industrial Self-Storage Texas

SurePoint Development Breaks Ground on 758-Unit Self-Storage Facility in Rosharon, Texas

by Taylor Williams October 14, 2025

ROSHARON, TEXAS — SurePoint Development has broken ground on a 758-unit self-storage facility in Rosharon, located south of Houston. The site is located along FM 521 just south of Sienna Parkway, and the facility will total approximately 95,000 net rentable square feet of space. Completion is slated for next spring. The facility will be the eighth in the greater Houston area for SurePoint, which also plans to begin construction of two other facilities in the region next spring.

October 14, 2025

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