LEANDER, TEXAS — Marcus & Millichap has brokered the sale of The Shops at Leander, a 37,233-square-foot retail center located on the northern outskirts of Austin. The center comprises four buildings on a 3.2-acre site that are home to tenants such as DaVita, Domino’s Pizza and Bahama Buck’s. Coleman Solomon and Philip Levy of Marcus & Millichap represented the seller, The Kalantari Group, in the transaction and procured the buyer, an Alabama-based investor.
GRAND PRAIRIE, TEXAS — One World Energy LLC, a provider of renewable power solutions, has signed a 10,146-square-foot lease at Carrier Place, an industrial flex building located in the central metroplex city of Grand Prairie. According to LoopNet Inc., the building was completed in 1984 and totals 84,431 square feet. Jim Ferris of Bradford Commercial Real Estate Services represented the tenant in the lease negotiations. Walker Floyd and Maddy Coffman of Holt Lunsford Commercial represented the landlord.
By Enrique Volkmer, associate at Lee & Associates Laredo, Texas, has emerged as one of the largest ports in the world by volume and crossings, driven by its robust infrastructure and strategic location. According to 2023 data from the U.S. Census Bureau, the Port of Laredo was responsible for handling an aggregate amount of product valued at about $320 billion, the most in the country by that metric. In addition, a 2024 article from Transport Topics, citing data from the Laredo Economic Development Corp., stated that the Port of Laredo sees more than 5.5 million truck crossings per year. The article also noted that the port is home to 660 trucking and transportation companies, 250 freight forwarders and 120 U.S. Customs brokers. Recent analysis of freight costs conducted by LoadWise 3PL and OL Logistics found that shipping product from Laredo to several major destinations, including Detroit, Atlanta, Indianapolis and Pittsburgh, actually yields savings compared to shipping from Houston to those cities, all other factors being held equal. The same study revealed a cost advantage when shipping westward from Laredo instead of Dallas to select markets such as Los Angeles, Denver, Seattle, Salt Lake City and San Francisco. Freight is often …
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Lee & Associates: Tariffs Add to Q1 Industrial Challenges; All Sectors See Constrained Development
The end of the first quarter of 2025 saw market uncertainty in the face of new U.S. trade and tariff policies combined with an unclear geopolitical outlook, according to Lee & Associates’ 2025 Q1 North America Market Report. The effect of these concerns within the commercial real estate world are most evident in the industrial sector, which is also contending with oversupply and softening rent growth. Development is slow across property types. Retail, despite high-profile store closures in early 2025, remains historically tight on space as years of underbuilding keep availabilities near record lows. Office demand has stabilized in several major metros following years of contraction, though vacancy remains elevated. The pipeline of new construction is both drying up and favoring new types of tenants beyond traditional office spaces. Multifamily is seeing strong tenant demand in certain markets despite a flood of new deliveries. Lee & Associates has made their full market report available here (click through for detailed breakdowns and city-by-city information). The information below for the industrial, office, retail and multifamily sectors offers clarity on market-wide demand, rent growth trends and challenges likely to shape trajectories throughout 2025. Industrial Overview: Soft Markets Face Tariff Disruptions North America’s industrial markets …
ARLINGTON, TEXAS — Dallas-based investment firm Westmount Realty Capital has sold a 164-unit apartment complex in Arlington. Built on 7.4 acres in 1980, Westmount at Forest Oaks is a garden-style property that offers one- and two-bedroom units with an average size of 736 square feet. Amenities include a pool, playground and a fitness center. Westmount bought the property in 2016 and undertook renovations. William Hubbard, Michael Ware, Taylor Hill, Drew Kile and Joey Tumminello of Institutional Property Advisors (IPA), a division of Marcus & Millichap, represented Westmount in the transaction. The team also procured the undisclosed buyer, which plans to further implement capital improvements.
GARLAND, TEXAS — Ross Dress for Less will open a 22,000-square-foot store in the northeastern Dallas suburb of Garland. The space is located within Buckingham Plaza, a shopping center that is also home to tenants such as dd’s Discounts, DTLR Villa, Dickey’s Barbecue Pit, Burger Island and Metro by T-Mobile. Matt Luedtke, Ben Terry, Max Johnston and Bernard Shaw of Weitzman represented the undisclosed landlord in the lease negotiations. Jim Tapp of The Tapp Co. represented Ross Dress for Less.
AUSTIN, TEXAS — Archer Systems, a Houston-based provider of comprehensive legal settlement solutions, has renewed its 17,000-square-foot office lease at Stonecreek, a 76,910-square-foot building in northwest Austin. Built in 2000, Stonecreek features a conference room, lobby and a tenant break room. Matt Frizzell, Brian Liverman and Kevin Granger of Cushman & Wakefield represented the landlord, Drawbridge Realty, in the lease negotiations. Alecia Schneider and Drew Morris of Savills represented the tenant.
NORTH RICHLAND HILLS, TEXAS — Federated Mutual Insurance Co. has signed a 15,731-square-foot office lease at Corporate Centre at the Crossing in North Richland Hills, located north of Fort Worth. The 226,650-square-foot complex was built in phases between 1991 and 2003. James Stein of CBRE represented the tenant in the lease negotiations. Jake Neal, Matt Carthey and Vic Meyer of Holt Lunsford Commercial represented the landlord, Capital Commercial.
FORT WORTH, TEXAS — Marcus & Millichap has brokered the sale of an 11,760-square-foot vacant retail building in downtown Fort Worth. The three-story building at 913 Houston St. is located across from the Fort Worth Convention Center, which is undergoing a $500 million expansion. Joe Santelli of Marcus & Millichap represented the seller, a developer, and procured the buyer. Both parties were locally based entities that requested anonymity.
SAN MARCOS, TEXAS — CBRE has arranged the sale of Cottages at San Marcos, an 899-bed student housing community located near the Texas State University campus in San Marcos. Built in 2014, the community offers 194 cottage- and townhome-style units in three-, four-, five- and six-bedroom configurations. Amenities include a 12,000-square-foot clubhouse; three-tiered pool; private shuttle service to campus; a two-story gym with a locker room and Pilates and Zumba rooms; study rooms; a game room; pet washing station; walking trail; and basketball courts. Jaclyn Fitts, William Vonderfecht and Casey Schaefer of CBRE represented the seller, an undisclosed Singapore-based global real estate company. The buyer and sales price were also not disclosed.