Tuesday, July 22, 2025
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DevelopmentIndustrialTexas

Hunt Southwest to Develop 712,900 SF Spec Industrial Project in Metro Dallas

by Taylor Williams

FORNEY, TEXAS — Dallas-based developer Hunt Southwest will build Gateway East Trade Center, a 712,900-square-foot speculative industrial project in Forney, an eastern suburb of Dallas. The 45-acre site is located at the intersection of Gateway Boulevard and U.S. Highway 80 within Gateway East Industrial Park, a master-planned development. Building features will include 40-foot clear heights, an ESFR sprinkler system and abundant trailer parking. Construction is scheduled to begin in April and to be complete in the first quarter of 2022. Cushman & Wakefield is leasing the project.

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Residences-at-Northgate-Irving
LoansMultifamilyTexas

Berkadia Provides $28.4M Agency Acquisition Loan for Irving Apartments

by Taylor Williams

IRVING, TEXAS — Berkadia has provided a $28.4 million Freddie Mac acquisition loan for Residences at Northgate, a 320-unit apartment community in Irving. The property was built in 1983, and its units offer washers and dryers and private balconies/patios. Amenities include a fitness center, dog park and picnic areas. Mitch Sinberg and Brad Williamson of Berkadia originated the floating-rate financing on behalf of the borrower, Miami-based Eagle Property Capital. The new ownership will implement a value-add program. The seller was C-III Capital Partners.

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Reserve-at-Baybrook-Friendswood-Texas
DevelopmentMultifamilyTexas

D’Agostino Breaks Ground on 291-Unit Multifamily Project in Metro Houston

by Taylor Williams

FRIENDSWOOD, TEXAS — Locally based developer D’Agostino Cos. has broken ground on The Reserve at Baybrook, a 291-unit multifamily project in Friendswood, located south of Houston. The community will feature one-, two- and three-bedroom units that average 921 square feet and are furnished with stone countertops, tile backsplashes, stainless steel appliances and individual washers and dryers. Amenities will include a pool, outdoor entertainment area, clubhouse, fitness center and a golf simulator room. Chris Bergmann Jr. of JLL represented D’Agostino Cos. in its acquisition of the land from Finwood Properties last summer. Austin-based Oden Hughes is the general contractor for the project. Completion is slated for May 2022.

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DevelopmentMultifamilyTexas

AHV Communities Begins Work on 142-Unit Duplex Rental Community in San Antonio

by Taylor Williams

SAN ANTONIO — California-based AHV Communities has begun work on Farm Haus, a 142-unit duplex rental community in northwest San Antonio. Residences will feature two-, three- and four-bedroom layouts with quartz countertops, stainless steel appliances, two-car garages and private fenced yards. Amenities will include a pool, fitness center, communal kitchen, conference room, great room, bocce court and a dog park. Construction will be carried out in five phases, with preleasing set to begin in April and full completion slated for the second quarter of 2022. Monthly rates will range from approximately $1,775 to $2,200.

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Leasing ActivityRetailTexas

Sprouts Farmers Market to Open 25,000 SF Store in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Phoenix-based grocer Sprouts Farmers Market will open a 25,000-square-foot store in Grand Prairie, located roughly midway between Dallas and Fort Worth, in the second half of the year. The opening is part of a larger rollout of 20 stores nationwide that feature the grocer’s new format, which is slightly smaller than its prototype. Sprouts currently operates 362 stores across 23 states and is also planning to open a new store in Irving.

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Lantower-Southwest-Building-Wichita-Falls
AcquisitionsOfficeTexas

Marcus & Millichap Brokers Sale of 124,356 SF Office Building in Wichita Falls, Texas

by Taylor Williams

WICHITA FALLS, TEXAS — Marcus & Millichap has brokered the sale of the Lantower Southwest Building, a 124,356-square-foot office property in Wichita Falls, located roughly midway between Dallas and Amarillo. The building is situated on 3.5 acres and was 81 percent leased at the time of sale to tenants such as Merrill Lynch, J.P. Morgan Chase, Wichita Home Health and Jacksboro National Bank. Joseph Jacques of Marcus & Millichap represented the seller, a partnership, and procured the buyer, a limited liability company. Both parties requested anonymity.

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DevelopmentHospitalityTexas

Partnership Nears Completion of 212-Room Thompson Austin Hotel

by Taylor Williams

AUSTIN, TEXAS — A partnership between BLG Capital Advisors, Magellan Development Group, Geolo Capital and Wanxiang America Real Estate Group is nearing completion of Thompson Austin, a 212-room luxury hotel that will be located in the downtown area. The property is expected to open over the summer and will house several food and beverage concepts and amenities such as a pool, fitness center, game room and indoor and outdoor meeting spaces. Thompson, which is part of the Hyatt family of brands, also recently opened flagship hotels in Dallas and in San Antonio.

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IndustrialLeasing ActivityTexas

Stream Realty Partners Negotiates 91,200 SF Industrial Lease in Metro Dallas

by Taylor Williams

MESQUITE, TEXAS — Stream Realty Partners has negotiated a 91,200-square-foot industrial lease at 1851 Big Town Blvd. in Mesquite, an eastern suburb of Dallas. According to LoopNet Inc., the property was built on 8.4 acres in 2001 and features 24-foot clear heights. Ryan Wolcott and Adam Jones with Stream Realty Partners represented the landlord, Link Logistics, in the lease negotiations. Sam Devorris, Mike McElwee and Pride Snow of Avison Young represented the tenant, medical equipment manufacturer Strukmyer.

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Affordable HousingDevelopmentLoansMultifamilySeniors HousingTexas

Bellwether Provides $28.9M Construction Loan for Affordable Seniors Housing Project in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Bellwether Enterprise Real Estate Capital has provided a $28.9 million construction loan for Legacy Riverside Senior Living Community, a 264-unit affordable project in Fort Worth. Units, which will feature studio, one- and two-bedroom options, will be reserved for renters earning 60 percent or less of the area median income. Amenities will include a clubhouse, pool and walking paths. Phil Melton, Jeff Bradley and Cindy Hamm of Bellwether originated the loan on behalf of the borrowers, Legacy Multifamily Development and RISE Residential Construction, which will develop the property in partnership with Garland Housing Finance Corp.

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Company NewsMultifamilyTexas

Roscoe Property Management, CF Real Estate Services Announce Merger

by Taylor Williams

AUSTIN, TEXAS AND ATLANTA — Austin-based Roscoe Property Management (RPM) and Atlanta-based CF Real Estate Services (CF) have merged to create an entity that will provide third-party property management services to a portfolio of more than 84,000 multifamily units across 17 states. The combined organization will have more than 1,800 employees with nine regional offices across the country. RPM, the acquiring entity, will remain headquartered in Austin. “This merger truly expands our geographic reach, strengthens our organizations and provides significant opportunities for the future,” said Jason Berkowitz, president and founder of RPM. “While we will operate under the RPM brand nationally, leaders from both companies have formed a collective executive team that will guide the organization under our shared alignment of a ‘people-first culture.’”

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