Tuesday, January 27, 2026
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DevelopmentIndustrialTexas

Joint Venture Breaks Ground on 498,798 SF Spec Industrial Project in Southeast Houston

by Taylor Williams

HOUSTON — A joint venture between Trammell Crow Co. (TCC) and CBRE Investment Management has broken ground on Phase I of Gulfbelt Logistics Park, a speculative industrial project in southeast Houston that will add 498,798 square feet of space across three buildings to the local supply. Phase I will consist of one cross-dock, one rear-load and one front-load building with footprints ranging from 88,750 to 278,858 square feet and with 28- to 36-foot clear heights. Project partners include Burton Construction Co., Powers Brown Architecture and LJA Engineering. Veritex Community Bank is providing construction financing, and CBRE will handle the park’s leasing assignment on behalf of ownership. Completion is slated for next spring.

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AcquisitionsIndustrialTexas

Bixby Capital Buys 241,104 SF Industrial Park in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — California-based investment firm Bixby Capital Management has purchased a 241,104-square-foot industrial park in the northern Dallas suburb of Lewisville. Red River Business Park consists of three rear-load buildings with 28- to 32-foot clear heights that are situated on a 19.4-acre site at the intersection of I-35 and State Highway 121. Los Angeles-based PCCP financed the acquisition of the property in conjunction with Bixby’s purchase of a 222,382-square-foot warehouse near Nashville.

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AcquisitionsMultifamilyTexas

GREA Arranges Sale of 175-Unit Apartment Complex in Grand Prairie, Texas

by Taylor Williams

GRAND PRAIRIE, TEXAS — Global Real Estate Advisors (GREA) has arranged the sale of Cottonwood Park Village, a 175-unit apartment complex located in the central metroplex city of Grand Prairie. Built in the 1980s, the property offers a range of floor plans and amenities such as a pool, fitness center, outdoor grilling and dining stations and onsite laundry facilities. The buyer and seller were not disclosed. Cottonwood Park Village was 92 percent occupied at the time of sale.

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AcquisitionsIndustrialTexas

Buchanan Capital Partners Acquires 86,310 SF Warehouse in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — Austin-based investment firm Buchanan Capital Partners has acquired an 86,310-square-foot warehouse in the South Texas city of Laredo. According to LoopNet Inc., the building at 172 Interamerica Blvd. was completed earlier this year and offers 29-foot clear heights, 26 dock doors, 52 trailer parking spaces and 3,000 square feet of office space. Buchanan acquired the property in partnership with Frontier Real Estate Partners. The seller and sales price were not disclosed.

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AcquisitionsIndustrialTexas

Colliers Negotiates Sale of 66,500 SF Industrial Outdoor Storage Facility in Northeast Houston

by Taylor Williams

HOUSTON — Colliers has negotiated the sale of a 66,500-square-foot industrial outdoor storage facility in northeast Houston. Built in 2008, the facility sits on approximately 15 acres at 9803 Sheldon Road and includes 10 acres of stabilized storage space, four grade-level doors, one dock-high door and 6,000 square feet of office space. Zack Taylor and Todd Moore of Colliers represented the seller in the transaction. Mike Taetz, also with Colliers, represented the buyer. Both parties requested anonymity.

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InterFace-Austin-Industrial
Conference CoverageIndustrialMarket ReportsTexasTexas Market Reports

InterFace Panel: Austin Industrial Owners See Value in Creating Clusters

by Taylor Williams

AUSTIN, TEXAS — The concept of locating similar types of commercial real estate uses in close proximity to one another to allow those users to naturally develop synergies — clustering — is an age-old practice in certain asset classes like office, retail and hospitality. But the strategy can make sense for industrial real estate as well, especially in a time in which new subcategories of industrial uses are attracting capital and generating demand for space. Logistics and distribution users, for example, typically identify transportation costs as their top line item on the expense side of the ledger. Those companies have little choice but to pay top dollar for land or space near the rooftops of their existing customer bases so as to minimize transit costs. Editor’s note: InterFace Conference Group, a division of France Media Inc., produces networking and educational conferences for commercial real estate executives. To sign up for email announcements about specific events, visit www.interfaceconferencegroup.com/subscribe. Data center users cannot properly and profitably function without access to cheap electricity, hence the ability of Texas to land many of those deals via its deregulated power grid. Suppliers of smaller industrial parts and components are often supported by a handful of major manufacturers, and …

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DevelopmentMixed-UseTexas

Kaizen Development Begins Work on Chalk Hill Mixed-Use Redevelopment in Uptown Dallas

by Taylor Williams

DALLAS — Kaizen Development Partners has begun work on Chalk Hill, a mixed-use redevelopment project in Uptown Dallas. Kaizen is now demolishing all structures on the 2.3-acre site at the corner of Wolf and North Harwood streets, which previously served as the home of North Texas Public Broadcasting. Plans for Chalk Hill include over 400,000 square feet of Class A office space, a 217-key luxury hotel that will be developed in partnership with HN Capital Partners, 61 luxury condos and multiple food-and-beverage options. BOKA Powell is designing Chalk Hill, and Balfour Beatty is serving as the general contractor. JLL is leasing the office space.

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DevelopmentIndustrialLoansTexas

JLL Arranges Construction Financing for 377,300 SF Spec Industrial Project in San Marcos, Texas

by Taylor Williams

SAN MARCOS, TEXAS — JLL has arranged an undisclosed amount of construction financing for Phase I of San Marcos Business Park, a speculative industrial project that will add 377,300 square feet of space to the local supply. Located within the Whisper South master-planned development, the rear-load building will feature 36-foot clear heights, 75 dock doors, two drive-in doors and an ESFR fire sprinkler system. Matt Stewart, Ace Sudah, Jackson Finch, Jacob Michael and Cameron Sepahi of JLL arranged the loan through an undisclosed regional bank on behalf of the developer, Ledo Capital Group.

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DevelopmentIndustrialSelf-StorageTexas

SurePoint to Develop 90,000 SF Self-Storage Facility in The Woodlands, Texas

by Taylor Williams

THE WOODLANDS, TEXAS — SurePoint Development, a self-storage owner-operator based in San Antonio, will develop a 90,0000-square-foot (net rentable) facility in The Woodlands, about 30 miles north of Houston. The number of units has not yet been finalized. The site is located near the intersection of Six Pines Drive and Lake Front Circle within The Woodlands Town Center, and the property will feature climate-controlled space. Construction is scheduled to begin next spring and to be complete in the first quarter of 2027.

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Leasing ActivityOfficeTexas

Avison Young Negotiates 25,840 SF Office Lease in West Houston

by Taylor Williams

HOUSTON — Avison Young has negotiated a 25,840-square-foot office lease in West Houston. The tenant, Dean & Draper Insurance, is relocating and expanding its footprint from the nearby building at 3131 W. Alabama St. to the entire 10th floor and part of the eighth floor at Eleven77, an 18-story building. Anthony Squillante and Dustin Devine of Avison Young represented Dean & Draper in the lease negotiations. Kelli Gault, Doug Little and John Heard of Transwestern represented the landlord, Hicks Ventures.

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