Texas

990-Town-and-Country-Blvd.-Houston

HOUSTON — MetroNational, the owner and operator of the Memorial City mixed-use district in Houston, has purchased the 442,042-square-foot former headquarters building of Marathon Oil Corp. The 15-story building was constructed in 2022 on a 3.4-acre site at the southeast corner of the I-10 and Beltway 8 intersection in West Houston’s Energy Corridor area. The building features a signature amenities floor with a conference center and breakout rooms, as well as indoor and outdoor collaboration and gathering spaces. Brandon Clarke, Kevin McConn, Rick Goings, Sanford Criner and Jeff Cairns of JLL represented the seller, ConocoPhillips, which acquired Marathon Oil last year for $22.5 billion, in the transaction. MetroNational was self-represented. The building was almost completely vacant at the time of sale. MetroNational has tapped JLL as the leasing agent.

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801-Travis-Houston

HOUSTON — JLL has negotiated the sale of 801 Travis, a 222,192-square-foot office building in downtown Houston. Originally built in 1981 and most recently renovated in 2014, 801 Travis rises 21 stories with a parking garage on floors two through 11. The building was 45 percent leased at the time of sale. Rick Goings, Marty Hogan, Tom Hall, Gianna New and Dawson Hastings of JLL represented the seller, a court-appointed receiver, in the transaction. Morris Chen, who according to KHOU is a New York-based broker, represented the undisclosed buyer.

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The-Renegade-Denton

DENTON, TEXAS — HL Communities, the multifamily development arm of Holt Lunsford Commercial, is underway on construction of The Renegade, a 104-unit project that will be located in the North Texas city of Denton. Designed by Archon Corp., The Renegade will be a four-story building in the downtown area. Amenities will include a resident clubhouse, fitness facility, dedicated quiet study areas, pet recreation area and landscaped courtyard spaces. HL Communities is developing the project in partnership with Colo Development Partners. Harmony Bank is financing construction, which is expected to be complete in the second quarter of next year.

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ALLEN, TEXAS — Citadel Partners has arranged the sales of a three flex buildings totaling 71,920 square feet in the northeastern Dallas suburb of Allen. Collectively known as Allen Exchange, the buildings feature space designed for office, medical and showroom users. Katherine Pool and Mac Morse of Citadel Partners represented the seller, Gillett Commercial, in all three transactions. Jason Claunch of Catalyst Commercial represented the buyer of the largest, 50,864-square-foot building. Dave Peterson of NAI Robert Lynn represented the buyer of the second building, global film distributor Well Go USA Entertainment. The buyer of the third building was not disclosed.

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SAN ANTONIO — Project Cowork has signed a 19,060-square-foot office lease in downtown San Antonio. The space covers the second, third and fourth floors at 200 Main, a recently restored historic building that was originally constructed in 1915. Harry Adams and Talaya Frazier of Stream Realty Partners represented the undisclosed landlord in the lease negotiations. Aamil Sarfani of Sarfani Commercial Advisors and CEO of Project Cowork, represented the tenant.

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Longview-Mall

LONGVIEW, TEXAS — Fort Worth-based owner-operator Trademark Property Co. and department store retailer Dillard’s have partnered to purchase Longview Mall in East Texas, with plans to undertake a repositioning. The Wall Street Journal reports that the sales price was $34 million. The mall originally opened in 1978 and welcomes some 3.7 visitors annually. In addition to Dillard’s, tenants at the property include Dick’s Sporting Goods, J.C. Penney, HomeGoods, Bath & Body Works, Foot Locker, H&M, Kay Jewelers, Auntie Anne’s, Chick-fil-A and Chuck E. Cheese. The name of the seller, as well as specifics of the repositioning plan, were not disclosed.

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HUMBLE, TEXAS — Local developer BHW Capital has broken ground on Clayton at Tour 18, a 288-unit multifamily project that will be located in the northeastern Houston suburb of Humble. The site is adjacent to the Tour 18 golf course. Units will come in one- and two-bedroom formats and will feature stainless steel appliances and built-in workspaces. Amenities will include a pool, fitness center, outdoor biergarten, pet park and a putting green. Mucasey & Associates is the project architect, and Blazer Building Southwest is the general contractor. Southside Bank is financing construction, which is expected to be complete in late 2027.

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HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has purchased the 162-room Homewood Suites by Hilton — Houston Galleria hotel. The extended-stay hotel was originally built in 2006 and had an average nightly occupancy rate of 84 percent at the time of sale. Following the 2026 World Cup, Partners Capital will commence a multi-million dollar renovation of the hotel that will include upgrades to guestrooms, public areas and the building exterior, as well as the modernization of several building systems.  The seller and sales price were not disclosed.

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PEARLAND, TEXAS — Locally based developer Welcome Group has delivered Crossroads at Pearland, an 88,670-square-foot industrial project located on the southern outskirts of Houston. The site spans 4.8 acres and includes frontage along Beltway 8. The building features 30-foot clear heights, 15 dock-high doors and two drive-up ramps. Frost Bank financed construction of the facility, which is now roughly 30 percent leased to satellite communications services provider Speedcast.

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KELLER, TEXAS — Locally based brokerage firm STRIVE has negotiated the sale of a 2,996-square-foot office building in Keller, located north of Fort Worth. The building is known as Keller Parkway Office and was fully leased at the time of sale. Parker Tims of STRIVE represented the undisclosed, locally based seller in the transaction. The buyer and sales price were also not disclosed.

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