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Barker-Cypress-Distribution-Center-Houston
AcquisitionsIndustrialTexas

Colliers Brokers Sale of 142,100 SF Industrial Building in Metro Houston

by Taylor Williams

CYPRESS, TEXAS — Colliers has brokered the sale of Barker Cypress Distribution Center, a 142,100-square-foot industrial building located on the northwestern outskirts of Houston. The building sits on 12 acres and features 32-foot clear heights, 3,574 square feet of office space and parking for 124 cars and 25 trailers. At the time of sale, Barker Cypress Distribution Center was fully leased to building materials supplier 84 Lumber. Lizzy Blake led the Colliers team that represented the seller, Molto Properties, in the transaction and procured a California-based limited liability company as the buyer.

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IndustrialLeasing ActivityTexas

Bradford Negotiates 25,445 SF Industrial Lease Renewal in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — Bradford Commercial Real Estate Services has negotiated a 25,445-square-foot industrial lease renewal in the northern Dallas suburb of Lewisville. The space is located within Building 4 of the 772,000-square-foot Creekside 121 development. Joe Santaularia of Bradford represented the tenant, Atlanta-based Alpha Insulation & Waterproofing Inc., in the lease negotiations. Bob Hagewood and Eric Crutchfield of Stream Realty Partners represented the landlord, Mississippi-based EastGroup Properties.

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Leasing ActivityRestaurantRetailTexas

Nona’s Italian Grill to Open 3,500 SF Restaurant in Montgomery, Texas

by Taylor Williams

MONTGOMERY, TEXAS — Nona’s Italian Grill will open a 3,500-square-foot restaurant in Montgomery, about 60 miles north of Houston. The space is located within the Woodforest master-planned community. Jackson Cain of SVN | J. Beard Real Estate represented the undisclosed landlord in the lease negotiations. Josue Posada of Posada Realty Associates represented the tenant. The restaurant is expected to open before the end of the year.

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AcquisitionsMultifamilyTexas

Viking Capital Acquires 252-Unit Villas at Sundance Apartments in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Viking Capital, an investment firm based in Northern Virginia, has acquired Villas at Sundance, a 252-unit apartment community located northeast of San Antonio in New Braunfels. Built in 2012, Villas at Sundance features one- and two-bedroom units with an average size of 931 square feet. Amenities include a pool, fitness center, business center, grilling stations, a lounge and a pet play area. Affiliates of Maryland-based Railfield Partners sold the property for an undisclosed price. Will Balthrope and Drew Garza of Institutional Property Advisors, along with Ben Kalter of parent company Marcus & Millichap, brokered the deal.

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AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers Sale of 76-Unit Lakeside Village Apartments in Wylie, Texas

by Taylor Williams

WYLIE, TEXAS — Marcus & Millichap has brokered the sale of Lakeside Village, a 76-unit apartment complex in Wylie, a northeastern suburb of Dallas. The property was built on 2.1 acres in 1981 and offers one- and two-bedroom units. Nick Fluellen, Bard Hoover and Chris Pearson of Marcus & Millichap represented the seller and procured the buyer, both of which were limited liability companies, in the transaction.

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AcquisitionsMultifamilySeniors HousingTexas

Blueprint Arranges Sale of 52-Unit Seniors Housing Property in Oklahoma City

by Taylor Williams

OKLAHOMA CITY — Blueprint Healthcare Real Estate Advisors has arranged the sale of a 52-unit seniors housing property in Oklahoma City. The unnamed property, which opened in 2000 and was 99 percent occupied at the time of sale, offers assisted living and memory care services. The seller was a national developer and investor, and the buyer was a regional owner-operator. Both parties requested anonymity. Giancarlo Riso, Amy Sitzman and Alex Florea of Blueprint brokered the deal.

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Leasing ActivityRetailTexas

The Picklr Opens 28,016 SF Athletic Facility at Eldorado Plaza in McKinney, Texas

by Taylor Williams

MCKINNEY, TEXAS — The Picklr has opened a 28,016-square-foot athletic facility in the northern Dallas suburb of McKinney. The pickleball-based entertainment concept is taking space at Eldorado Plaza, a grocery-anchored development (Trader Joe’s), and the venue will feature nine full-sized courts and one warm-up court. Houston-based Whitestone REIT owns Eldorado Plaza, which is also home to tenants such as Starbucks, Hollywood Feed and Christina’s Mexican Restaurant.

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Leasing ActivityOfficeTexas

Boston Consulting Group Signs 4,925 SF Office Lease in Downtown Houston

by Taylor Williams

HOUSTON — Boston Consulting Group has signed a 4,925-square-foot office lease in downtown Houston. The management consulting firm is taking space at 1550 on the Green, a 28-story, 375,000-square-foot building owned by Skanska. The lease term is 12 years, and the building is now 48 percent leased. Boston Consulting Group plans to take occupancy of its space in the fourth quarter of 2025.

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DevelopmentMixed-UseTexas

Capitalize Ventures Receives Zoning Approval for $300M Mixed-Use Project in Prosper, Texas

by Taylor Williams

PROSPER, TEXAS — Locally based developer Capitalize Ventures has received zoning approval from the Town of Prosper, about 40 miles north of Dallas, for a mixed-use project that is valued at roughly $300 million and will be known as Prosper Arts District. The 35-acre site is located at the northwest corner of Dallas North Tollway and Prosper Trail. Preliminary plans call for 515 multifamily units, three hotels and a retail village centered around a water feature display, to be developed in four phases. Phase I, which will include the development of core infrastructure, a sports-themed hotel, retail space and a parking garage, is set to begin later this year and to be complete in 2026. Gensler is leading the design of Prosper Arts District, which is ultimately expected to create about 400 full-time jobs and generate more than $1 billion in economic impact for the region.

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Interchange-at-Live-Oak-San-Antonio
AcquisitionsIndustrialTexas

Black Salmon Buys 493,688 SF Spec Industrial Project in San Antonio

by Taylor Williams

SAN ANTONIO — Miami-based investment firm Black Salmon has purchased Interchange at Live Oak, a 493,688-square-foot speculative industrial project in San Antonio. The development, which is under construction and slated for an early 2025 completion, will ultimately consist of four rear-load buildings. Black Salmon acquired the property in partnership with Chicago-based investment firm Stotan Industrial. The seller and sales price were not disclosed. 

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