Texas

Cannon-Beach-McKinney

MCKINNEY, TEXAS — A partnership between the City of McKinney, located north of Dallas, and developer Cole Cannon will build a $200 million water-themed mixed-use project on a 35-acre site at the northeast corner of Stacy Road and State Highway 121. Known as Cannon Beach, the development will comprise a four-acre surf lagoon and resort-style hotel, as well as dining, entertainment and other commercial spaces. The hotel will feature a rooftop pool area that can support private events, as well as lounge areas and cabanas with food service and will connect to the surf lagoon and other water-focused attractions, including cliff diving and a stationary surf wave. The McKinney Economic Development Corp. and the McKinney Community Development Corp. are also partners on the project, conceptual terms of which are being finalized along with a site plan and agreements for infrastructure assistance, tax rebates and land acquisition. The first phase of Cannon Beach could open as early as 2026, and the development team estimates that the project could create as many as 700 new jobs and generate as much as $2 billion in regional economic impact over the next 20 years.

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Hard-Rock-Hotel-&-Residences-Lake-Texoma

KINGSTON, OKLA. — Pointe Vista Holding Co. and Hard Rock International have unveiled plans for Hard Rock Hotel & Residences Lake Texoma, a hospitality project that will be located near the Oklahoma-Texas border in Kingston. The development represents the first hospitality component within the 2,700-acre Pointe Vista master-planned community, which fronts Lake Texoma, and will have 189 hotel rooms (including 25 dedicated suites), an 18,000-square-foot conference center and an event lawn. The property’s residential component will entail 306 residences. Pointe Vista will ultimately comprise more than 2,000 lakefront homes, three destination resort hotels, an 11-acre Caribbean Bay, indoor waterpark, adventure park, family entertainment center and a waterfront town center.

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BENBROOK, TEXAS — Aaron’s has signed a 170,509-square-foot industrial lease in Benbrook, located southwest of Fort Worth. The home appliances, furniture and electronics retailer relocated and expanded from Grand Prairie to Building 2 of Chisholm 20, a four-building, 917,374-square-foot development. Steve Koldyke, Kacy Jones and Brian Gilcrest of CBRE represented the landlord, locally based developer Jackson-Shaw, in the lease negotiations. David Eseke and Andrew DeLamielleure with Cushman Wakefield represented Atlanta-based Aaron’s, which operates 144 stores in Texas.

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FRISCO, TEXAS — Balcones Recycling will open a 134,905-square-foot materials recovery facility in Frisco. Located on PGA Parkway between Dallas North Tollway and Preston Road, the facility will integrate modern recycling technology with employee wellness features and community engagement programs. Houston-based design-build firm KDW is handling the architectural and general contracting aspects of the project, construction of which began recently and is expected to be complete in spring 2026. Balcones Recycling first opened in the metroplex in 1995 with a facility in Farmers Branch.

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CONROE, TEXAS — Avison Young has negotiated a 57,120-square-foot industrial lease in Conroe, about 40 miles north of Houston. The tenant is industrial machinery provider Unimacts, and the space is located within NorthStar Industrial Park, a five-building, 79-acre development. Drew Coupe and Dawson Smith of Avison Young represented the landlord, BAUER Group, in the lease negotiations. The tenant was self-represented.

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Southport-Logistics-Park-Wilmer

WILMER, TEXAS — Logistics Property Co. has landed a full-building tenant at Building 1 of Southport Logistics Park, the Chicago-based developer’s 1 million-square-foot warehouse in the southern Dallas suburb of Wilmer. The tenant is CJ Logistics America, the supply chain subsidiary of South Korean conglomerate CJ Group. Rob Wheeler, Trevor Ragsdale, Melissa Holland and J.M. Priddy of JLL represented the tenant in the lease negotiations. Kacy Jones and John Hendricks of CBRE, along with internal agents Max Mueller, Daniel Davidson, Jonathan Snow and J.C. Hay, represented the landlord. Southport Logistics Park comprises three buildings on a 252-acre site.

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GARLAND, TEXAS — Rise48 Equity, an investment firm with offices in Phoenix, Dallas and Charlotte, has acquired Gateway Place Apartments, a 142-unit multifamily complex in the northeastern Dallas suburb of Garland. According to Apartments.com, the property was built in 1983, features one-, two- and three-bedroom units and offers amenities such as a pool, dog park and outdoor grilling and dining stations. The new ownership plans to invest $3.4 million in capital improvements to the unit interiors and building exteriors and rebrand the property as Rise Gateway. The seller and sales price were not disclosed.

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BENBROOK, TEXAS — Mooring, a provider of disaster recovery and commercial restoration services, has signed a 62,391-square-foot industrial lease in Benbrook, located southwest of Fort Worth. The space is located within Building 1 of Chisholm 20, a four-building, 917,374-square-foot development. Steve Koldyke, Kacy Jones and Brian Gilcrest of CBRE represented the landlord, locally based developer Jackson-Shaw, in the lease negotiations. Jeff Rein and Charles Brewer of Stream Realty Partners represented the tenant, which is relocating and expanding from Grand Prairie and will move in during the first half of 2025.

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COLLEGE STATION, TEXAS — Dallas-based Carbon Shepherd Development has completed an 60-unit multifamily project in College Station. The property, which is operated under the company’s Woodland Cottages brand, offers one- and two-bedroom units, with private balconies/patios and attached garages available in select residences. Amenities include a pool, fitness center and a clubhouse with a game room. Rents start at $2,600 per month for a one-bedroom unit.

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HOUSTON — Sheppard Mullin will open a 29,800-square-foot office in downtown Houston. The space is located on the 25th floor of the 47-story Texas Tower building, and the law firm plans to take occupancy in the fourth 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.

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