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Kirby-District-Houston
DevelopmentIndustrialTexas

Stream Realty Partners Breaks Ground on 384,509 SF Industrial Project in South Houston

by Taylor Williams

HOUSTON — Stream Realty Partners has broken ground on a 384,509-square-foot industrial project that will be located near the intersection of the Sam Houston Tollway and State Highway 288 in South Houston. Known as Kirby District, the two-building development will consist of a 117,247-square-foot rear-load structure with 32-foot clear heights and a 267,262-square-foot cross-dock structure with 36-foot clear heights. Other building features will include a combined total of 101 dock-high doors and six ramps. Ware Malcomb is the project architect, and E.E. Reed Construction is serving as the general contractor. Halff is the civil engineer, and Stream is also the leasing agent. Completion is slated for the first quarter of next year.

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AcquisitionsMultifamilyTexas

BMC Capital Arranges $24M Bridge Loan for Multifamily Property in Tomball, Texas

by Taylor Williams

TOMBALL, TEXAS — BMC Capital has arranged a $24 million bridge loan for Bridgewater Apartments, a multifamily property in Tomball, a northeastern suburb of Houston. According to Apartments.com, the property was built in 1978 and offers 206 units in one- and two-bedroom units, as well as a pool, business center, dog park and a picnic area. Grant Garlock and Noah Laredo of BMC Capital placed the two-year, interest-only loan through an undisclosed life insurance company. The borrower was also not disclosed.

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AcquisitionsRetailTexas

Partners Real Estate Brokers Sale of 43,060 SF Shopping Center in North Houston

by Taylor Williams

HOUSTON — Partners Real Estate has brokered the sale of Spring Park Village, a 43,060-square-foot shopping center in North Houston. According to LoopNet Inc., the center was built in 2015 and is home to tenants such as McAlister’s Deli, Adriatic Café, Spring Park Dentistry and J’s CBD + Vape Smoke Shop. Marc Peeler and Cobo Fajardo of Partners represented the buyer in the transaction. Additional terms of sale were not disclosed.

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DevelopmentHealthcareTexas

AP Construction Underway on 10,500 SF Healthcare Project in Marble Falls, Texas

by Taylor Williams

MARBLE FALLS, TEXAS — Adolfson & Peterson Construction is underway on a 10,500-square-foot healthcare project in the downtown area of Marble Falls, about 50 miles northwest of Austin. Designed by Seaux-Pierce Architecture, the two-building project is a build-to-suit for Heritage Oaks Dental Office and will include a 1,300-square-foot of oral surgery space. Completion is slated for the fall.

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AcquisitionsIndustrialSelf-StorageTexas

SmartStop Self Storage REIT Buys 3,800-Unit Portfolio in Greater Houston

by Taylor Williams

LADERA RANCH, CALIF. — California-based SmartStop Self Storage REIT (NYSE: SMA) has purchased a portfolio of five facilities totaling approximately 3,800 units in the greater Houston area. The portfolio totals roughly 420,000 net rentable square feet. The properties are located at 2412 W. Holcombe Blvd. on the city’s west side; 21836 Holzwarth Road in the northern suburb of Spring; 9040 Louetta Road in Spring; 32620 FM 2978 in the northwestern suburb of Magnolia; and 18250 I-45 S. in Shenandoah, about 35 miles north of downtown Houston. The seller was not formally named, but the press release identified  Kathy and Scott Tautenhahn of Amazing Spaces Storage Centers as the developers of the portfolio. The release also credited Aaron Swerdlin of Newmark as instrumental to the transaction.

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The-Carter-Grapevine
AcquisitionsMultifamilyTexas

IPA Negotiates Sale of 276-Unit Apartment Complex in Grapevine, Texas

by Taylor Williams

GRAPEVINE, TEXAS — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has negotiated the sale of The Carter, a 276-unit apartment complex in Grapevine, located in the northern-central part of the metroplex. Built in 2023, the property offers one-, two- and three-bedroom units with an average size of 1,000 square feet and amenities such as a pool, fitness center, pet park, wine lounge, wellness center, package lockers and a rooftop terrace. Drew Kile, Joey Tumminello, Taylor Hill, Michael Ware and Shelby Clark of IPA represented the seller, Integrated Real Estate Group, in the transaction. The team also procured the buyer, Rockport Equity.

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Reserve-at-Westchase-Houston
AcquisitionsOfficeTexas

JLL Brokers Sale of 194,919 SF Office Building in West Houston

by Taylor Williams

HOUSTON — JLL has brokered the sale of Reserve at Westchase, a 194,919-square-foot office building in West Houston. Built in 1999, the four-story building has undergone significant renovations in recent years and offers amenities such as a tenant lounge and conference center. Kevin McConn led the JLL team that represented the seller, Transwestern Investment Group, in the transaction. Michael Johnson and Michael King, also with JLL, arranged acquisition financing through an undisclosed insurance company on behalf of the buyer, DML Capital. The building was 76 percent leased at the time of sale.

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IndustrialLeasing ActivityTexas

Fitness Equipment Provider Signs 17,646 SF Industrial Lease in North Houston

by Taylor Williams

HOUSTON — BeFitNow Canada Inc., a wholesaler of exercise machines, has signed a 17,646-square-foot industrial lease in North Houston. The space is located within Vantage Parkway Business Park, which according to LoopNet Inc. consists of 10 buildings on a 15-acre site. Jason Gibbons, Chase Tucker and Tyler Holt of local brokerage firm Finial Group represented the undisclosed landlord in the lease negotiations. The tenant representative was not disclosed.

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Leasing ActivityRetailTexas

Spirit Halloween to Open 12,000 SF Store at Shops at Stone Park in East Houston

by Taylor Williams

HOUSTON — Spirit Halloween will open a 12,000-square-foot store at The Shops at Stone Park, a 250,000-square-foot regional power center in East Houston. The New Jersey-based seasonal retailer is backfilling a junior anchor space that was previously occupied by Party City, bringing the 23-acre development to almost full occupancy. The lease expires in mid-November. Nina Kuhn-Irwin represented the landlord, NewQuest, in the lease negotiations on an internal basis.

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SpringHill-Suites-New-Braunfels-River-Village
DevelopmentHospitalityTexas

Oldham Goodwin Breaks Ground on 150-Room Hotel in New Braunfels, Texas

by Taylor Williams

NEW BRAUNFELS, TEXAS — Oldham Goodwin Group, a Texas-based development, management and brokerage firm, has broken ground on a 150-room hotel in the northeastern San Antonio suburb of New Braunfels. Designed by Niles Bolton Associates, the eight-story, 150,000-square-foot building will be operated under the Springhill Suites by Marriott brand. The site is located along the Guadalupe River, and the hotel will connect to the adjacent 125-room Courtyard by Marriott hotel. Amenities will include a pool, fitness center, business center, meeting rooms, boat docks and an onsite restaurant and bar. Completion is slated for late 2026.

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