ALEDO, TEXAS — Elmore Investments has purchased land in Aledo, located west of Fort Worth, with plans to open a new sports facility. The 5.4-acre site at 400 Bailey Ranch Road is adjacent to Aledo High School, and the new facility will feature pickleball courts, tennis and padel courts, softball and baseball training facilities, a pro shop and a restaurant. Kristen Fegley and Ben Gehrke of LanCarte Commercial Real Estate represented the seller, an entity doing business as The Groves of Aledo, in the transaction. A construction timeline was not disclosed.
GARLAND, TEXAS — A partnership between Canadian owner-operator Tricon Residential and Texas-based developer HHS Residential has completed a 100-unit build-to-rent residential project in Garland, a northeastern suburb of Dallas. Residences will feature three- and four-bedroom floor plans and will have attached two-car garages and fully fenced backyards. Amenities will include a dog park and multiple outdoor recreational spaces. Information on starting rents was not announced.
WICHITA FALLS, TEXAS — Dallas-based brokerage firm STRIVE has arranged the sale of Call Field Crossing, a 43,736-square-foot shopping center in Wichita Falls, located about 115 miles northwest of Fort Worth. The center was 88 percent leased at the time of sale to tenants such as Jersey Mike’s Subs and Crab Kingdom. Will Schubert and Jennifer Pierson of STRIVE represented the undisclosed seller in the transaction. The name and representative of the buyer were also not disclosed.
HOUSTON — General contractor Tellepsen Builders has completed a 10,000-square-foot life sciences facility in northeast Houston. Designed by Pfluger Architects, the facility is known as the San Jacinto College Center for Biotechnology by virtue of its location on that institution’s campus within the Generation Park master-planned development. The center was designed as a laboratory suite with an entry lobby fitted with lockers, a break room and workroom for San Jacinto College students and staff.
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Lee & Associates’ Report: Q3 Results Shaped by Market Uncertainty, Questions of Legality, Tariffs, AI Considerations
Lee & Associates’ 2025 Q3 North America Market Report examines a commercial real estate landscape experiencing some pauses as the effects of exogenous forces work their way through the market. Economic and legal questions, the second- and third-order effects of tariffs, persistently high costs, unemployment concerns and the new realities of artificial intelligence (AI) have combined to produce mixed results across all property types. Demand for office and retail has increased (and their respective pipelines remain constrained). Of the four property types covered in the report — industrial, office, retail and multifamily — only retail saw transaction momentum in the previous quarter. Meanwhile, the overbuilt industrial and multifamily sectors have witnessed weakening or negative demand in the third quarter. Lee & Associates’ full, detailed market report is available to read here. The overviews for the sectors below reveal a market that seems to be holding its breath, awaiting new information. Industrial Overview: Markets Await Tariff Clarity Net absorption of industrial space increased in the third quarter across North America, but demand was weak and failed again to keep pace with the supply of new buildings, while tenant growth remained hobbled by tariff concerns and interest rates. In the United States, following 8.1 million square feet …
IRVING, TEXAS — Wells Fargo (NYSE: WFC) has opened its 850,000-square-foot campus in Irving’s Las Colinas district that will serve as the San Francisco-based banking giant’s new regional headquarters office. Developed by KDC, the campus consists of two 10-story, 400,000-square-foot buildings and a connecting parking garage, as well as various open green spaces, all on a 22-acre site. Amenities include a dining pavilion, fitness center and walking trails. Wells Fargo expects to employ about 3,000 people at the campus, inclusive of the hiring of 650 new staffers. Corgan served as the project architect, and Austin Commercial was the general contractor. Construction began in spring 2023 and topped out about a year later. Wells Fargo first announced the project in fall 2022.
SHENANDOAH, TEXAS — A joint venture between two Houston-based companies, Buckhead Investment Partners Inc. and Juniper Investment Group, will develop a 229-unit multifamily project in Shenandoah, about 35 miles north of Houston. The 3.2-acre site is adjacent to The Woodlands master-planned community, and the development will be known as The WoodLofts. Residences will come in studio, one-, two- and three-bedroom floor plans and will be furnished with stainless steel appliances, granite countertops, in-unit washers and dryers, and private balconies or patios with optional dog yards. Amenities will include a pool, clubhouse and leasing center, fitness center, cybercafé, media room, dog park and an outdoor kitchen. Preleasing is expected to begin in late 2026, with full completion targeted for the third quarter of 2027. Johnson Capital Multifamily, a division of Oak Real Estate Partners, provided FHA-insured construction-to-permanent financing for The WoodLofts.
RHOME, TEXAS — Locally based brokerage firm LanCarte Commercial has negotiated the sale of a 136,400-square-foot warehouse in Rhome, located north of Fort Worth. According to LoopNet Inc., the building at 240 Tiger Drive was completed in 2023 and features 36- to 46-foot clear heights, 18 dock-high doors, 10 grade-level doors and 5,100 square feet of office space. Mark Boone and Sarah LanCarte of LanCarte Commercial represented the seller in the transaction. Forrest Cook and Ryan Vaughn of Stream Realty Partners represented the buyer. Both parties requested anonymity.
GEORGETOWN, TEXAS — Disney Investment Group, a Dallas-based brokerage firm, has arranged the sale of Republic Square, a 113,772-square-foot shopping center located in the northern Austin suburb of Georgetown. Built in 1986, Republic Square is home to 34 tenants, including Harbor Freight, Dollar Tree, Starbucks, Chipotle, Pizza Hut, One Main Financial and Subway. David Disney and Adam Crockett of Disney represented the seller and procured the buyer, both of which requested anonymity, in the transaction.
HOUSTON — Logistics company Yzer has signed a 28,844-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 7170 W. 43rd St. was completed in 1997 and totals 210,464 square feet. Jeremy Lumbreras and Garret Geaccone of Stream Realty Partners represented the landlord, Prologis, in the lease negotiations. Nathan Smith of Austin Tenant Advisors represented Yzer.