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Define-Living-Houston
DevelopmentMultifamilyTexas

Define Living to Develop 388-Unit Apartment Community in West Houston

by Taylor Williams

HOUSTON — Define Living, a locally based multifamily developer that specializes in wellness-themed projects, will build a 388-unit apartment community in the Energy Corridor area of West Houston. The site spans 10.4 acres in the Central Park master-planned community. The midrise building will be known as Define Living: Park Row and will offer one- and two-bedroom units that will range in size from 657 to 1,089 square feet. Amenities will include a fitness center with cycling and yoga studios, infrared sauna and cold plunge, lap pool, two pickleball courts, a dog park and direct access to walking and biking trails. Mucasey & Associates is the project architect, and Blazer Building is the general contractor. Construction is scheduled to begin in the fourth quarter. Wolff Cos., the master developer of Central Park, sold the land to Define Living.

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IndustrialLoansTexas

JLL Arranges $32.2M Acquisition Loan for Industrial Facility Leased to Tesla in Taylor, Texas

by Taylor Williams

TAYLOR, TEXAS — JLL has arranged a $32.2 million acquisition loan for a 183,340-square-foot industrial facility in the Central Texas city of Taylor that is fully leased to Tesla. Delivered in 2025, the rail-served facility features four dock-high doors, eight grade-level doors and five cranes. Melissa Rose, Jack Britton, Nicole Barba and Preston Bacon of JLL arranged the three-year, fixed-rate loan through BMO on behalf of the borrower, a managed account of Manulife Investment Management.

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DevelopmentIndustrialTexas

Hanover, TIG Break Ground on 213,425 SF Spec Industrial Project in South Houston

by Taylor Williams

HOUSTON — A partnership between local developer Hanover Co. and Transwestern Investment Group (TIG) has broken ground on Kirby 288, a 213,425-square-foot speculative industrial project in South Houston. The development will feature a cross-dock configuration, 36-foot clear heights and excess trailer storage. Powers Brown is the project architect, and Kimley-Horn is the civil engineer. Colliers is the leasing agent. Completion is slated for the second quarter of next year.

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Leasing ActivityRetailTexas

Sprouts Farmers Market Opens 29,105 SF Grocery Store in Richmond, Texas

by Taylor Williams

RICHMOND, TEXAS — Sprouts Farmers Market has opened a 29,105-square-foot grocery store in Richmond, a southwestern suburb of Houston. The Phoenix-based grocer joins LA Fitness, At Home and Academy Sports + Outdoors as the anchor tenants at Waterview Town Center, a 134-acre development located at the intersection of Grand Parkway and Harlem Road. Local developer Read King owns Waterview Town Center.

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AcquisitionsIndustrialTexas

Stream Realty Partners Brokers Sale of 27,500 SF Industrial Building in North Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has brokered the sale of a 27,500-square-foot industrial building in North Houston. According to LoopNet Inc., the building at 608 W. Richey Road was built on 5.9 acres in 1982. Jon Farris of Stream represented the seller, Superior Energy Services, in the transaction. Andrew Laycock of Partners Real Estate represented the buyer, Axis Partners.

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Icon-Austin
DevelopmentMultifamilyStudent HousingTexas

Park7 Group Completes 30-Story Student Housing Tower at University of Texas at Austin

by Taylor Williams

AUSTIN, TEXAS — Park7 Group has completed Icon, a 30-story student housing tower located near the University of Texas at Austin campus in the city’s West Campus neighborhood. The property offers 555 beds across 216 units in one- through five-bedroom configurations. Shared amenities include a rooftop pool, fitness center, media room, game and lounge spaces and study areas. The community also offers four levels of below-ground parking. The development team for the project included Hoar Construction, Rhode Partners, DCI Engineers, Blum Engineering, Wuest, Power Design, GMI, Southern Wall Systems and Kilgore Multifamily. Construction began in spring 2023 and topped out last fall.

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The-Alden-at-Cedar-Park
AcquisitionsLoansMultifamilyTexas

Newmark Brokers Sale of 349-Unit Apartment Community in Cedar Park, Texas

by Taylor Williams

CEDAR PARK, TEXAS — Newmark has brokered the sale of The Alden at Cedar Park, a 349-unit apartment community located on the northern outskirts of Austin. Built in 2020, the community offers one- and two-bedroom units and amenities such as a pool, clubhouse with a resident lounge and cocktail bar, outdoor entertainment areas with grilling stations and a 24-hour fitness center. Patton Jones and Andrew Dickson of Newmark represented the undisclosed seller in the transaction. Mitch Clarfield and Alec Newman, also with Newmark, originated Fannie Mae acquisition financing on behalf of the buyer, Washington-based Weidner Apartment Homes. The Alden was 95 percent occupied at the time of sale.

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IndustrialLeasing ActivityTexas

Colliers Negotiates 189,000 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Colliers has negotiated a 189,000-square-foot industrial lease in northwest Houston. The tenant was not disclosed. The newly constructed building at 8020 Northcourt Road features 32-foot clear heights, 48 dock‑high doors, two drive-in ramps and 180-foot truck court depths. Robert McGee, Taylor Schmidt and Austin Bartula of Colliers represented the landlord, Provident Industrial, in the lease negotiations. The deal accounts for about 77 percent of the building’s total space.

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IndustrialLeasing ActivityTexas

Wholesale Electric Supply Signs 74,880 SF Industrial Lease in East Houston

by Taylor Williams

HOUSTON — Wholesale Electric Supply has signed a 74,880-square-foot industrial lease in East Houston. According to showcase.com, the building at 615 E. Sam Houston Parkway S features a cross-dock configuration, 32-foot clear heights, 26 dock-high doors and 1,800 square feet of office space. Tyler Maner, Jon Farris and Jake Linderman of Stream Realty Partners represented the tenant in the lease negotiations. Holden Rushing and Chris Haro of Partners Real Estate represented the landlord, First Industrial Realty Trust.

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Leasing ActivityRetailTexas

AJ Madison to Open 12,500 SF Store, Showroom in West Houston

by Taylor Williams

HOUSTON — AJ Madison will open a 12,000-square-foot store and showroom in West Houston that will be the New York-based home appliance retailer’s first Texas location. The space is located within Piney Point Shopping Center, and the opening is scheduled for early next year. Eric Lestin and Michael Burgower of Cushman & Wakefield represented AJ Madison in the lease negotiations. Radkey Jolink and Greg Lee of Jolink Wallace Commercial represented the undisclosed landlord.

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