WYLIE, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of a 23,900-square-foot warehouse in Wylie, a northeastern suburb of Dallas. According to LoopNet Inc., the property at 1141 Bozman Road comprises four buildings that were delivered in phases over the past several years, with Phase I completed in 2022 and Phase II completed in early 2024. Bryan Meyer and Jennifer Pierson of STRIVE represented the seller and procured the buyer, both of which were California-based investors that requested anonymity.
ALVARADO, TEXAS — Bradford Commercial Real Estate Services has negotiated a 16,000-square-foot lease at an industrial flex building in Alvarado, a southern suburb of Fort Worth. The tenant, Legend Conversion, which provides custom automotive build-outs, will occupy the entire building at 4209 Longhorn Drive, which features 25-foot clear heights, four grade-level doors and two dock-high doors. Todd Lambeth and Cade Navarro of Bradford represented the landlord, AAN Development LLC, in the lease negotiations.
DALLAS — Clear Technologies Inc., a provider of data storage and management services, has signed an 8,286-square-foot office lease at The Quorum, a five-story, 86,750-square-foot building in North Dallas. Michael Doherty of Lincoln Property Co. represented the tenant, which is relocating from the nearby building at 16415 Addison Road, in the lease negotiations. Sunwest Real Estate Group owns The Quorum.
By Taylor Williams Sometimes you just have to keep it real. In the world of mixed-use retail, featuring a blend of shops, restaurants and entertainment venues that is both unique in its totality and true to its surrounding market on individual levels is crucial to placemaking. As a concept, placemaking is somewhat difficult to define on paper but fairly easy to identify in the moment — the undeniable sense that the combination of what you are buying, eating, drinking and experiencing is simply not replicable anywhere else. Placemaking is, ironically, an idea that is very difficult to quantify, yet is intrinsically worth every dollar spent on design, construction and marketing — and then some. A longtime developer of mixed-use properties in Dallas once told this writer that the idea of bringing together a critical mass of residential, office and hospitality uses within one site — threaded and connected by retail, restaurants, green spaces and walkable infrastructure — is only novel to American consumers. Europeans have lived, worked and played that way for decades. And thanks to rolling swaths of land, surging population growth, rapidly evolving public infrastructure and the good-ole pro-business mindset, Texas has positioned itself as a leader in …
HOUSTON — Locally based developer McGrath Real Estate Partners has completed a 400-unit multifamily project in Houston’s Design District. Artistry Design District offers studio, one- and two-bedroom units that are furnished with quartz countertops, tile backsplashes, built-in desks, walk-in closets, stainless steel appliances and individual washers and dryers. Amenities include a pool, fitness center, resident lounges, a communal kitchen, coworking spaces and a pet park. Artistry Design District also features a stage for live music and other entertainment events. Move-ins are underway, and the property is now 57 percent occupied.
DENTON, TEXAS — S3 Capital, the lending arm of New York City-based investment firm Spruce Capital Partners, has provided a $46.5 million construction loan for a 306-unit multifamily project in the North Texas city of Denton. Phase I of the garden-style development will consist of three 12-story buildings, and the property will ultimately offer amenities such as a pool, fitness center, business center and a dog park. The sponsor is national developer Landmark Cos. Information on floor plans and a construction timeline was not disclosed.
HOUSTON — Cresa has arranged the sale of a 124,480-square-foot office building in North Houston. The building sits on a 10-acre site at 785 Greens Parkway in the city’s Greenspoint neighborhood. According to LoopNet Inc., the building was originally constructed in 2002 and recently underwent capital improvements that upgraded select areas and systems, such as lighting and restrooms. Brandon Wuntch and Drew Altmann of Cresa represented the seller, GK Investments Group LLC, in the transaction and procured the buyer, Leva Patidar Samaj.
BROOKSHIRE, TEXAS — Stream Realty Partners has negotiated a 94,931-square-foot industrial lease in the western Houston suburb of Brookshire. The space is located within the 2.3 million-square-foot Empire West Business Park development. Jeremy Lumbreras, Heath Donica, Justin Robinson and Matteson Hamilton of Stream internally represented the landlord in the lease negotiations. Abraham Richardson and Grant Wisenbaker, also with Stream, represented the tenant, Pointsmith Point-of-Purchase Management Services LLC.
MCKINNEY, TEXAS — Locally based developer KDC has broken ground on a 13,500-square-foot headquarters and training facility in the northern Dallas suburb of McKinney. The project is a build-to-suit for Hugs Café, an organization dedicated to providing training and employment for adults with disabilities, and will feature a training kitchen, four classrooms, a rooftop deck and a patio. Corgan is the architect, and Brasfield & Gorrie is the general contractor. Completion is slated for next summer.
RICHARDSON, TEXAS — Florida-based investment firm Basis Industrial has purchased a portfolio of 24 buildings totaling approximately 519,000 square feet in the northeastern Dallas suburb of Richardson. The portfolio consists of Arapaho Business Park, a 408,000-square-foot development, and the 111,000-square-foot Westwood Business Park. Basis also plans to open a new regional office within Building 7 at Arapaho Business Park. The seller and sales price were not disclosed.