LA PORTE, TEXAS — Colliers has brokered the sale of an 8,400-square-foot warehouse in La Porte, an eastern suburb of Houston. The building sits on a 0.8-acre site at 10819 Fairmont Parkway and was constructed in 1999. Mike Taetz, Todd Moore and Connor Duffy of Colliers represented the undisclosed seller in the transaction. The buyer was also not disclosed.
HOUSTON — Transwestern Development Co. (TDC) has broken ground on The Ro, a 17-acre mixed-use project that will be located near the River Oaks district in West Houston. The Ro will be the future home of The Birdsall Hotel & Residences, which is part of the Auberge Resorts Collection family of brands. The development will also feature a retail village with local chef-driven restaurants, boutique concepts and service-oriented shops, as well as an apartment community and Class A office space. Completion is slated for 2027.
DALLAS — Santander Consumer USA has signed a 211,087-square-foot office lease renewal at 1601 Elm St. in downtown Dallas. Under the terms of the renewal, the financial services company will retain naming rights to the 50-story, 1.4 million-square-foot building and will continue to utilize the space as its headquarters office. Robbie Baty and Travis Boothe of Cushman & Wakefield represented the tenant in the lease negotiations. Sara Terry and Reegan Busby represented the landlord, Pacific Elm Properties, on an internal basis.
HOUSTON — Newmark has brokered the sale of One & Two Westway, a 193,854-square-foot office campus in West Houston. Developed by Wolff Cos., the 15-acre complex is located within the 150-acre Westway master-planned development and was 95 percent leased at the time of sale to four tenants in the healthcare, education, energy and homebuilding sectors. Gary Carr, Robert Hill and Chris Murphy of Newmark represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
DALLAS — Maryland-based investment firm Excelsa Properties has purchased Pear Ridge, a 168-unit apartment complex in North Dallas that was originally built in 1986. According to Apartments.com, the property exclusively offers one-bedroom units and amenities such as a pool, fitness center, business center, clubhouse and outdoor grilling and dining stations. Excelsa plans to invest more than $4 million in capital improvements to unit interiors, building exteriors and amenity spaces. The seller and sales price were not disclosed.
HOUSTON — Locally based brokerage firm Oxford Partners has arranged the sale of an 84,651-square-foot industrial building located at 10610 Wyman Gordon Drive in Houston. According to Crexi, the building is part of Union Crossing Business Park, a six-building, 623,585-square-foot development on the city’s northwest side. Jeffery Arnaud and Matt Rogers of Oxford Partners represented the buyer, FJS Investments, in the transaction. Stephen Schneidau of Cushman & Wakefield represented the undisclosed seller.
SAN MARCOS, TEXAS — BWE has arranged an undisclosed amount of acquisition financing for The Junction, a 488-bed student housing property located near Texas State University in San Marcos. The community offers a mix of two-, three- and four-bedroom units. Amenities include a pool and a fitness center. The borrower, Campus Realty Advisors, will use a portion of the proceeds to fund capital improvements, including the addition of a new clubhouse, leasing center, study areas and community gathering space. Renovations will also include refreshed exterior paint, upgraded HVAC systems and water heater replacement, new property fencing and updates to the community’s security system, signage and landscaping. Chris Carroll and Max Miller of BWE arranged the financing through Byline Bank.
FRISCO, TEXAS — The Bays, in partnership with golf equipment and apparel manufacturer TaylorMade, will open The Bays at Frisco, an 18-acre golf resort that will be located on the northern outskirts of Dallas. The site is located near the PGA of America’s headquarters campus and Omni Hotel. The property will consist of a four-story, 100,000-square-foot golf lab and suites facility, restaurant and bar and a 19-room boutique hotel. The facility will also offer a custom club-fitting experience in which guests can watch their clubs being crafted onsite, as well as a 25,000-square-foot putting green, 12,000-square-foot private membership club and dedicated space for corporate events. Hotel suites will also have their own private hitting bays, and the hotel will offer a rooftop pool. The opening is scheduled for late 2025.
OUSTON — Braun Enterprises has completed the redevelopment of 53 West, a mixed-use property in the city’s Uptown neighborhood that consists of 168,000 square feet of office space and 32,000 square feet of retail space on a four-acre site. The redevelopment began in 2019 and included renovating and painting the exterior façades, remodeling the office interiors and enhancing ground-level storefronts. Braun also upgraded the property’s walkable pathways, lighting, landscaping and outdoor seating areas. Interior enhancements include upgraded common areas, restrooms, lobbies and atriums. Lastly, the development team converted one of the two office towers connected by the ground-floor retail space into Urban Office, a proprietary flexible workspace concept with private offices and shared amenities. An 11-vendor food hall opened at 53 West earlier this year as part of the repositioning, and two additional retail concepts are expected to open later this year.
SELMA, TEXAS — KW Automotive has signed a 74,880-square-foot industrial lease at 9388 Corporate Drive in Selma, a northeastern suburb of San Antonio. John Colglazier, Lindsey Tucker, Kyle Kennan and David Oldham of Partners Real Estate represented the landlord, a partnership between Atlanta-based developer Ackerman & Co. and Baltisse US Inc., in the lease negotiations. Webb Sellers and Drew Allen of SRS Real Estate Partners represented the tenant.