PILOT POINT, TEXAS — NAI Robert Lynn has brokered the sale of a 35,570-square-foot industrial building in Pilot Point, located north of Dallas in Denton County. According to LoopNet Inc., the building at 926 U.S. Highway 377 was built on 3.7 acres in 1983. Jim Hancock of NAI Robert Lynn represented the seller, an entity doing business as TyGra Realty LLC, in the transaction. Michelle Hudson and Tom Hudson of Hudson Peters Commercial represented the undisclosed buyer.
TEMPLE AND BELTON, TEXAS — Dallas-based Kobalt Investment Co. has purchased a portfolio of three medical office buildings totaling 31,545 square feet in Central Texas. The buildings, which were developed in 2013, are all leased to Baylor Scott & White Health, with one facility located in Temple and the other two structures located in Belton. Seth Gilford of Transwestern represented Kobalt in the transaction. The seller and sales price were not disclosed.
ADDISON, TEXAS — Asset Living, a provider of third-party property management services, has signed a 13,168-square-foot office lease renewal in the northern Dallas metro of Addison. According to LoopNet Inc., the building at 15601 Dallas Parkway was completed in 1999 and totals 289,340 square feet. Dan Boyles, Jeremy Brubaker and Justin Utay of Partners Real Estate represented Asset Living in the lease negotiations. Chris Taylor of Cushman & Wakefield and Trey Smith of CBRE represented the landlord.
By Taylor Williams The municipalities that comprise Houston’s southeastern suburban rings are on the rise, fueled not only by the larger population growth that has defined Texas in the 21st century, but also by expanded commerce and real estate development tied to the ports of Houston and Galveston. These municipalities vary tremendously from one to the next with regard to their size, both land- and population-wise. In addition, they possess varying degrees of maturity in terms of their microeconomies and real estate markets. Yet among the four cities in this region that Texas Real Estate Business spoke with for this story — Alvin, Webster, League City and Nassau Bay — some commonalities exist within their economic development endeavors. These include drawing on growth in the hospitality sector from the Port of Galveston’s thriving cruise business, as well as preparing for future real estate opportunities that will emerge from infrastructural projects, most notably the expansion of State Highway 99, known locally as Grand Parkway. As these cities work to expand their housing inventories, recruit new businesses and provide the ideal mixes of retail, restaurant and entertainment uses, they look to both traditional and new economic drivers. In doing so, they cultivate …
FORT BEND COUNTY, TEXAS — Crow Holdings Development is underway on construction of Phase I of Hightower Business Park, a six-building, 180-acre industrial development that will be located in Fort Bend County on the southwestern outskirts of Houston. Phase I will feature three buildings that will span 343,332, 228,954 and 163,930 square feet. Two of the buildings in Phase II will total 179,311 square feet, and the final structure will encompass 737,437 square feet. Construction of Phase I buildings, which will feature 36-foot clear heights and ample trailer parking, is slated for a mid-2026 completion. CBRE has been tapped as the leasing agent.
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.
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.
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.
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.
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.