LEWISVILLE, TEXAS — Marcus & Millichap has brokered the sale of Lake Vista Center, a 21,298-square-foot retail center in the northern Dallas suburb of Lewisville. Built on 2.4 acres in 2007, the center comprises two buildings that are home to tenants such as Lucky Smiles, Lewisville Salon Suites and Spa, USCR Taekwondo, Tiff’s Treats, 4Thirteen Kitchen & Sports Bar and Lucky Smoke Shop. Chris Gainey and Philip Levy of Marcus & Millichap represented the undisclosed seller in the 1031 exchange transaction.
SAN ANTONIO — San Antonio International Airport (SAT) has broken ground on a new $1.2 billion terminal. The project will feature up to 17 gates, more than 800,000 square feet of new terminal space, 35,700 square feet of concessions and 29,000 square feet of club lounges. SAT says the groundbreaking represents a significant step in its commitment to meeting the increasing demands of global air travel. Featuring a modern, accessible design, enhanced passenger amenities and the latest technology, the terminal “will expand SAT’s capacity and deliver an elevated travel experience for millions.” The construction of the new terminal is part of the airport’s Terminal Development Program (TDP), which will guide future development of the airfield, terminal facilities, ground access and support infrastructure over the next 20 years. TDP is the cornerstone of Elevate/SAT, a $2.5 billion expansion and capital improvements plan to enhance SAT, the customer experience and the San Antonio region. Elevate/SAT is the largest capital improvement plan that the City of San Antonio has undertaken, according to a release. Over its lifespan, the economic impact of TDP is estimated to be $2.8 billion and is anticipated to generate more than 16,000 new jobs. TDP is the result of …
HOUSTON — JLL has brokered the sale of Energy Crossing II, a 327,404-square-foot office building located in the Energy Corridor area of West Houston. The building was constructed on a 5.5-acre site in 2014 and includes a fitness center. Kevin McConn and Rick Goings of JLL represented the undisclosed seller in the transaction and procured the buyer, Austin-based Capital Commercial Investments. Energy Crossing II was 30 percent occupied at the time of sale.
LITTLE ELM, TEXAS — Locally based developer Weber & Co. will build a 225,000-square-foot shopping center in Little Elm, located on the northern outskirts of Dallas. Target will anchor the center, which will be known as Bates Town Crossing in honor of the family that originally owned the site. Davidson Bogel Real Estate brokered the sale of the land on behalf of the Bates family and has been retained as the center’s leasing agent. A construction timeline was not announced, but Target plans to open by summer 2026.
MESQUITE, TEXAS — Penguin Packaging Solutions, which serves the food industry, has signed a 102,497-square-foot industrial lease in the eastern Dallas suburb of Mesquite. The space is located within Town East Logistics, a 193,800-square-foot development that was completed in 2023. James Mantzuranis and Adam Jones of Stream Realty Partners represented the landlord, Dallas-based Leon Capital, in the lease negotiations. Chase Miller with NAI Robert Lynn represented the tenant.
DALLAS — Weitzman has negotiated a 47,518-square-foot industrial lease near Dallas Love Field Airport on the city’s northwest side. The property at 7611 John Carpenter Freeway features 16-foot clear heights, four dock doors and 13,547 square feet of office space. Eddie Liebman of Weitzman represented the undisclosed landlord in the lease negotiations. Chase Miller of NAI Robert Lynn represented the tenant, Sun Commercial Roofing.
HOUSTON — Sable Offshore Co. will open a 46,500-square-foot office in downtown Houston. The space spans the 28th and 29th floors of the 47-story Texas Tower building, and the upstream energy provider plans to take occupancy in the third quarter of next year. Kevin Kushner, William Padon and Sydnee Hilburn of CBRE represented the tenant in the lease negotiations. Michael Anderson of Cushman & Wakefield represented the landlord, a partnership between Hines, Ivanhoé Cambridge and an affiliate of global investor CDPQ.
AUSTIN, TEXAS — Cousins Properties (NYSE: CUZ) is under contract to acquire Sail Tower, a trophy office building located at 601 W. 2nd St. in downtown Austin. The Atlanta-based REIT agreed to a net purchase price of $521.8 million for the 804,000-square-foot property. Sail Tower was delivered in 2022 and its offices are fully leased to a Fortune 20 company through 2038, according to Cousins. The tenant name was not disclosed, but multiple media outlets report that Google is the occupant. The seller was also not mentioned, but Dallas-based Trammell Crow Co. developed the tower, which was formerly known as Block 185. The name “Sail Tower” derives from its curved appearance. The LEED Platinum property is situated near Austin’s Second Street entertainment district and offers unobstructed views of Lady Bird Lake. “We are thrilled to add this iconic office property, with a strong investment grade customer, to our Austin portfolio,” says Colin Connolly, president and CEO of Cousins. “This exciting transaction enables Cousins to enhance the quality of our leading lifestyle office portfolio and is immediately accretive to earnings.” Cousins’ existing downtown Austin office portfolio is situated near Sail Tower and is currently 93 percent leased. The assets include 300 Colorado, …
FARMERS BRANCH, TEXAS — Texas-based developer Presidium has begun leasing Presidium Valley View, a 348-unit multifamily project located in the northern Dallas metro of Farmers Branch. Units come in studio, one-, two- and three-bedroom floor plans and range in size from 573 to 1,631 square feet. Residences are furnished with stainless steel appliances, quartz countertops, kitchen islands, built-in desks, private balconies, keyless entry mechanisms and individual washers and dryers. Indoors, the property houses a fitness center, clubroom area, coffee bar, theater lounge with a golf simulator and coworking spaces. Outdoor amenities include a pool, yoga lawns, grilling areas and a pet park/spa. Dallas-based O’Brien Architects served as the project architect. Rents start at $1,585 per month for a studio apartment.
ARLINGTON, TEXAS — California-based investment firm Bendetti has acquired two industrial properties totaling 114,390 square feet in Arlington. The building at 1173 109th St. totals 35,000 square feet, and the property at 1114-1118 W. Harris Road comprises two buildings totaling 79,390 square feet, including 1,400 square feet of office space. Both facilities were fully leased at the time of sale. Stephen Bailey of Newmark represented the seller, Dallas-based CanTex Capital, in the off-market transaction. The sales price was not disclosed.