Texas

JLL Arranges Construction Loan for 218-Unit Multifamily Project in Houston

by Taylor Williams August 29, 2025

HOUSTON — JLL has arranged a construction loan of an undisclosed amount for Clock Tower Residences, a multifamily project that will be located in the Heights area of Houston. Clock Tower Residences will consist of 214 traditional residential units, four live-work units and a food-and-beverage concept on the ground floor. Residential amenities will include multiple lounges, coworking spaces and media rooms, as well as a fitness and wellness center. Colby Mueck, Michael Johnson, Davis Burnett and James Lovell of JLL arranged the four-year loan through Veritex Community Bank on behalf of the borrower, a joint venture between Houston-based Radom Capital and Charlotte-based Asana Partners.

August 29, 2025

Acquisitions Northmarq Retail Texas

Northmarq Brokers Sale of 82,073 SF Shopping Center in North Houston

by Taylor Williams August 29, 2025

HOUSTON — Northmarq has brokered the sale of Ella Plaza, an 82,073-square-foot shopping center in North Houston. The center was 90 percent leased at the time of sale, with Advance Auto Parts, CSL Plasma and the Harris County Public Health Department serving as the anchor tenants. Riley Sharman led the Northmarq team that represented the buyer, Sega Development LLC, which acquired the asset in a 1031 exchange, in the transaction. Dakota Workman of NewQuest represented the seller, locally based firm True Saga LLC. The sales price was not disclosed.

August 29, 2025

Affordable Housing Development Multifamily Texas

Partnership Completes 56-Unit Affordable Housing Project in West San Antonio

by Taylor Williams August 29, 2025

SAN ANTONIO — A partnership between OCI Development, an affiliate of Atlantic Pacific Cos. and Opportunity Home San Antonio has completed Vista at Reed, a 56-unit affordable housing project on the city’s west side. Vista at Reed features two- and three-bedroom units, almost all of which are reserved for households earning 60 percent or less of the area median income. Residents have access to business and fitness centers, laundry facilities, arts and recreational activities and health and wellness programming. PNC Bank financed construction of the project, which began in spring 2024.

August 29, 2025

Acquisitions Healthcare Texas

STRIVE Negotiates Sale of 6,000 SF Healthcare Building in Haslet, Texas

by Taylor Williams August 29, 2025

HASLET, TEXAS — Dallas-based brokerage firm STRIVE has negotiated the sale of Medical City ER — Haslet, a 6,000-square-foot healthcare building located north of Fort Worth. The building is situated on a pad site of a Walmart Supercenter along State Highway 287. Parker Tims and Jason Vitorino of STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.

August 29, 2025

Development Industrial Retail Texas

Hillwood, SGS Studios Launch 450,000 SF Film, TV Production Campus in North Fort Worth

by Taylor Williams August 28, 2025

FORT WORTH, TEXAS — Hillwood and SGS Studios, a venture backed by screenwriter Taylor Sheridan, have launched a 450,000-square-foot film and TV production campus at AllianceTexas in North Fort Worth. Hillwood and SGS Studios are launching the campus in collaboration with Paramount Television, the network that airs Sheridan-created shows like Yellowstone and Landman. Filming at the purpose-built, two-building campus began in March 2025, led by Paramount and 101 Studios for the second season of Landman. The campus features fully HVAC-equipped and power-optimized facilities that combine sound stages, mill space, wardrobe and green screen capabilities.

August 28, 2025

Acquisitions Multifamily Texas

JLL Negotiates Sale of 232-Unit Apartment Complex in South-Central Austin

by Taylor Williams August 28, 2025

AUSTIN, TEXAS — JLL has negotiated the sale of Wildcreek Apartments, a 232-unit multifamily complex located in south-central Austin. Built in 1984, Wildcreek Apartments spans 14.2 acres and offers one- and two-bedroom units with an average size of 660 square feet. Amenities include two pools, onsite laundry facilities and open green spaces. Ryan McBride, Robert Wooten and Robert Arzola of JLL represented the seller, private investor Bob Reeve, in the transaction. The buyer, Colorado-based investment firm Continental Realty Group, plans to implement a value-add program. Wildcreek Apartments was 63 percent occupied at the time of sale.

August 28, 2025

Civic Development Texas

Jackson Construction Completes 106,000 SF Academic Project in Palestine, Texas

by Taylor Williams August 28, 2025

PALESTINE, TEXAS — General contractor Jackson Construction has completed a 106,000-square-foot academic project in Palestine, about 115 miles southeast of Dallas. Designed by Fitzpatrick Architects and Pfluger Architects, the building houses a new middle school and administration offices of the Westwood Independent School District (ISD). The school will ultimately be able to support about 650 students in grades 6 through 8. Construction of the middle school component of the project was financed in part by a $38 million bond to fund campus repairs and upgrades, as well as new facilities, across the Westwood ISD.

August 28, 2025

Acquisitions Northmarq Retail Texas

Boomslang Ventures Sells 13,949 SF Retail Strip Center Near San Antonio

by Taylor Williams August 28, 2025

CONVERSE, TEXAS — Locally based firm Boomslang Ventures has sold Autumn Heights, a 13,949-square-foot retail strip center located in Converse, roughly 14 miles northeast of San Antonio. Built in 2020, the center was fully leased at the time of sale to tenants such as Great Clips, Marco’s Pizza, Stella Nails & Spa and Verizon Wireless. Riley Sharman of Northmarq represented the buyer, a Brooklyn-based 1031 exchange investor, in the transaction.

August 28, 2025

Development Retail Texas

PrimeSpot to Open 8,200 SF Fueling Station, Convenience Store in Hockley, Texas

by Taylor Williams August 28, 2025

HOCKLEY, TEXAS — PrimeSpot will open an 8,200-square-foot fueling station and convenience store in Hockley, located northwest of Houston. PrimeSpot purchased 2.1 acres within The Grand Prairie, a master-planned community that is being developed by EMBER Real Estate Investment & Development, at the corner of Warren Ranch and Baethe roads. Construction is scheduled to begin in October and will be carried out in two phases, the second of which will add more retail space. Completion is slated for fall 2026. The Grand Prairie will ultimately feature about 6,000 single-family homes on 1,730 acres.

August 28, 2025

Acquisitions Office Texas

MetroNational Buys 442,042 SF Former Marathon Oil Headquarters Building in West Houston

by Taylor Williams August 27, 2025

HOUSTON — MetroNational, the owner and operator of the Memorial City mixed-use district in Houston, has purchased the 442,042-square-foot former headquarters building of Marathon Oil Corp. The 15-story building was constructed in 2022 on a 3.4-acre site at the southeast corner of the I-10 and Beltway 8 intersection in West Houston’s Energy Corridor area. The building features a signature amenities floor with a conference center and breakout rooms, as well as indoor and outdoor collaboration and gathering spaces. Brandon Clarke, Kevin McConn, Rick Goings, Sanford Criner and Jeff Cairns of JLL represented the seller, ConocoPhillips, which acquired Marathon Oil last year for $22.5 billion, in the transaction. MetroNational was self-represented. The building was almost completely vacant at the time of sale. MetroNational has tapped JLL as the leasing agent.

August 27, 2025

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