Wednesday, March 4, 2026
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LoansMultifamilyNorthmarqTexas

Northmarq Provides $129.7M Agency Loan for Refinancing of Dallas Apartment Tower

by Taylor Williams

DALLAS — Northmarq has provided a $129.7 million Fannie Mae loan for the refinancing of The Victor, a 39-story apartment tower in the Victory Park area of Dallas. Completed in 2022, The Victor features studio, one-, two- and three-bedroom units that are furnished with stainless steel appliances, quartz countertops and floor-to-ceiling windows, as well as built-in desks in select residences. Amenities include a pool, fitness center, game lounge, skyline terrace and a dog park. The Victor also houses 9,500 square feet of retail space. Kevin McCarthy, Jeff Frankel and Alex Czachor of Northmarq originated the financing, which was structured with a fixed interest rate and a 35-year amortization schedule, on behalf of the borrower, a joint venture between Houston-based Hines and Chicago-based Diversified Real Estate Capital.

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DevelopmentIndustrialTexas

Jackson-Shaw to Develop 347,387 SF Industrial Project in North Houston

by Taylor Williams

HOUSTON — Jackson-Shaw will develop R45 Distribution Center, a 347,387-square-foot, cross-dock industrial project in North Houston. The North Texas-based developer closed on the 29-acre site at the northeast corner of Ella Boulevard and West Richey Road earlier this summer, and construction will begin in the coming days and last about 12 months. Project partners include Compatriot Capital as the equity partner and Inwood National Bank as the lender. ARCO Design Build is serving as the general contractor, and Kimley-Horn is the civil engineer. Colliers has been named the leasing agent.

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DevelopmentRestaurantRetailTexas

GTP Food Group to Open Three New Restaurants in Anna, Texas

by Taylor Williams

ANNA, TEXAS — Hospitality owner-operator GTP Food Group will open three new restaurants in the North Texas city of Anna. The Gin will feature Southern cuisine, and Tenders Smokehouse will be a barbeque concept. The third restaurant will be Papa Gallo’s Mexican Grill & Margarita Bar. Combined, the restaurants represent a capital investment of about $10 million in the city’s downtown area, as well as the potential creation of about 100 new jobs. Construction is scheduled to begin in early 2026 and is expected to last about one year.

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IndustrialLeasing ActivityTexas

Cummings Electrical Signs 66,882 SF Industrial Lease in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Cummings Electrical has signed a full-building, 66,882-square-foot industrial lease in Fort Worth. The electrical engineering and contracting firm is relocating from the nearby building at 14900 Grand River Road to Centreport Tech Center, a two-building complex on the city’s northeast side, via a 10-year deal. Jason Finch, Erik Blais and Michael Spain of Bradford Commercial Real Estate Services represented the landlord, Fort Capital, in the lease negotiations. The deal brings Centreport Tech Center to full occupancy.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 23,820 SF Shopping Center in Webster, Texas

by Taylor Williams

WEBSTER, TEXAS — Marcus & Millichap has brokered the sale of a 23,820-square-foot shopping center located in the southeastern Houston suburb of Webster. Built in 2004, Webster Shopping Center was 94 percent leased at the time of sale to tenants such as Freebirds and Buffalo Wild Wings. Justin Miller of Marcus & Millichap represented the seller, an out-of-state investor that acquired the center 20 years ago, in the transaction. Marcus & Millichap also secured the buyer, a local investor.

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AcquisitionsIndustrialSelf-StorageTexas

Spartan Investment Group Agrees to Buy 3,497-Unit Self-Storage Portfolio in Metro Houston

by Taylor Williams

HOUSTON — Metro Denver-based Spartan Investment Group has agreed to purchase a portfolio of seven self-storage facilities totaling 3,497 units in the Houston area. The portfolio totals 463,185 net rentable square feet and includes four properties in Houston proper, as well as facilities in Katy, Rosenberg and Sugar Land. The seller and sales price, as well as the names of the operating entities of the facilities, were not disclosed. Spartan says that the formal closing date is imminent.

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Crest-Manor-Apartments-Lewisville
AcquisitionsMultifamilyTexas

SPI Advisory, FCP Buy 600-Unit Crest Manor Apartments in Lewisville, Texas

by Taylor Williams

LEWISVILLE, TEXAS — A partnership between Texas-based investment firm SPI Advisory and Maryland-based FCP has acquired Crest Manor Apartments, a 600-unit multifamily community in Lewisville, located about 25 miles north of Dallas. Crest Manor was developed in two phases between 2010 and 2016. Units come in one-, two- and three-bedroom floor plans. Amenities include two pools, a clubhouse, fitness center, tennis courts and walking trails. The joint venture plans to upgrade amenities and some unit interiors. The seller and sales price were not disclosed.

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Uptown-Tower-Dallas
AcquisitionsLoansOfficeTexas

Bradford Acquires 254,000 SF Office Building in Uptown Dallas

by Taylor Williams

DALLAS — An affiliate of Bradford Cos. has acquired Uptown Tower, a 254,000-square-foot office building in Dallas. According to LoopNet Inc. the 12-story building at 4144 N. Central Expressway was originally constructed in 1982 and last renovated in 1994. The new ownership plans to implement a value-add program that will feature a redesigned lobby and a new fitness center and coworking lounge. The building was roughly 54 percent leased at the time of sale. Creighton Stark of Weitzman represented the seller, a private REIT, in the transaction. Richmond Collinsworth and Kevin Santaularia represented Bradford internally. HALL Structured Finance provided a $30.8 million acquisition loan for the deal that was arranged by Adam Hyman of Metropolis AMA Advisors.

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Build-to-RentDevelopmentSingle-Family RentalTexas

Legacy Partners, Resmark Begin Leasing 133-Unit Build-to-Rent Project in Melissa, Texas

by Taylor Williams

MELISSA, TEXAS — A partnership between two California-based firms, developer Legacy Partners and investment manager The Resmark Cos., has begun leasing Harlow, a 133-unit build-to-rent residential project in Melissa, located in Collin County. Designed by UD Architects and built by Blackland Partners, the development offers one-, two- and three-bedroom homes that range in size from 780 to 1,500 square feet. Amenities include a pool, fitness center, coworking space, an outdoor kitchen and a dog park. Rents start in the mid-$1,600s for a one-bedroom home.

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IndustrialLeasing ActivityTexas

Representative Materials Co. Signs 119,355 SF Industrial Lease in Northeast Houston

by Taylor Williams

HOUSTON — Representative Materials Co. has signed a 119,355-square-foot industrial lease in northeast Houston. The manufacturer and distributor of conduit raceway systems is taking space within the building at 1055 W. Lake Houston Parkway, which is located within Generation Park Distribution Center. Jarret Venghaus, Jeff Venghaus and David Holland of JLL represented the owner, Outrigger Industrial, which recently bought the property, in the lease negotiations. Ryan Fuselier and David Buescher, also with JLL, represented the tenant. The deal brings the building to 46 percent occupancy.

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