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.
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.
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.
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.
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.
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.
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.
ADDISON, TEXAS — Locally based investment firm Encore Enterprises has purchased a 61,356-square-foot medical office building located in the northern Dallas metro of Addison. The sales price was $7 million. The two-story building at 16980 N. Dallas Parkway was constructed on 3.1 acres in 1985 and was 58 percent leased at the time of sale to five tenants. Cadence Bank financed the acquisition of the property. The seller was not disclosed.
HOUSTON — Stream Realty Partners has brokered the sale of a 60,486-square-foot industrial building in northwest Houston. According to LoopNet Inc., the building at 6450 Bingle Road was built on 3.6 acres in 1979 and features 18-foot clear heights, seven dock-high doors and 10,000 square feet of office space. Jack Rathe, Heath Donica and Tyler Maner of Stream Realty represented the seller, RAM Interests LP, in the transaction. Bill Ginder of Caldwell Cos. and Matt Catt of Kidder Matthews represented the buyer, an entity doing business as HS Property TX3 LLC.
PLANO, TEXAS — Bradford Commercial Real Estate Services has arranged a 17,861-square-foot office lease at One Legacy Circle, located northeast of Dallas in Plano. The 214,110-square-foot building, which recently underwent capital improvements, is now fully leased. Jared Laake of Bradford represented the landlord, an out-of-state partnership managed by local investment firm Gildenson Real Estate, in the lease negotiations. Michael Griffin of Transwestern represented the tenant, mortgage services company ServiceLink of Texas, which plans to relocate in October.