SCHERTZ, TEXAS — Regional firm Titan Development has broken ground on Building 1 of Schertz35 Business Park, an industrial project that will add 196,519 square feet of space to the northeastern San Antonio suburb’s supply. The site spans 11 acres, and the building will feature 32-foot clear heights, two drive-in ramps, 43 docks, an ESFR sprinkler system and parking for 136 cars and 50 trailers. Construction is slated for a fourth-quarter completion.
BEDFORD, TEXAS — Marcus & Millichap has arranged the sale of a portfolio of two multifamily properties totaling 195 units in Bedford, located northeast of Fort Worth. Avanti on Central and Avanti on Pipeline total 137 units and 58 units, respectively, and offer one-, two- and three-bedroom floor plans. Al Silva and Ford Braly of Marcus & Millichap represented the seller, a local private investor, in the transaction and procured the buyer, a Dallas-based partnership. Both parties requested anonymity.
HOUSTON — Three new tenants have opened stores at Post Oak Plaza, a retail power center in Houston’s Uptown area. The 22,201-square-foot store of home furnishings retailer Arhaus is now open, as is the 9,597-square-foot store of Bassett Furniture and the 4,036-square-foot kitchen and bath showroom of Kohler. Locally based developer Levcor owns Post Oak Plaza, which recently underwent a capital improvement program and is now 98 percent leased.
LEWISVILLE, TEXAS — BT Dealz, which sells liquidated consumer products directly to customers, has signed a 15,477-square-foot retail lease for its first brick-and-mortar store in the northern Dallas suburb of Lewisville. David Zoller of Weitzman represented the undisclosed landlord in the lease negotiations. Al Paniagua of Swearingen Realty Group represented BT Dealz, which is taking a junior anchor endcap space at a center that is also home to Marshalls, Old Navy, Five Below and PetSmart.
HOUSTON — Howard Hughes Holdings (NYSE: HHH) is underway on construction of Village Green at Bridgeland Central, a 70-acre retail development in northwest Houston. Located within the 925-acre Bridgeland master-planned community, Village Green will comprise a 100,000-square-foot H-E-B grocery store and 28,000 square feet of inline retail and restaurant space. The development will also feature multiple outdoor dining spaces and connectivity to Bridgeland’s network of walking trails. H-E-B is scheduled to open by the end of the year, and the inline space is slated for a spring 2025 delivery. Tal McIver of McIver Properties represented H-E-B in the lease negotiations, and Eric Walker of Capital Retail Properties represented Howard Hughes.
LAVON, TEXAS — ONM Living will develop The Cottages at Lavon Lake, a 268-unit build-to-rent residential project in Lavon, located northeast of Dallas in Collin County. The development will feature cottage-style homes in one-, two- and three-bedroom formats that will range in size from 340 to 1,230 square feet. Residents will have fenced backyards, detached garages and open surface spaces. Communal amenities will include a pool, fitness center, dog park and pickleball courts. Vertical construction is scheduled to begin in May 2025, and full completion is slated for early 2027.
AUSTIN, TEXAS — Houston-based developer Alliance Industrial has broken ground on Connor Lane Business Park, a 170,959-square-foot industrial project in northeast Austin. The development will consist of two buildings totaling 87,467 and 83,492 square feet, with depths of 120 feet and 175 feet, respectively. Both buildings will feature 32-foot clear heights and 130-foot truck court depths, and the complex will offer a total of 70 dock doors. Construction is slated for a fourth-quarter delivery. Alliance Industrial has tapped Colliers as the leasing agent.
ODESSA, TEXAS — Bass Pro Shops will open a 100,000-square-foot store in the West Texas city of Odessa. The store, which will be the outdoor apparel and equipment retailer’s 17th in Texas, will anchor the 158-acre Dorado Destination Center along State Highway 191 between Yukon Road and Mission Boulevard. Construction will begin in the coming months, with Bass Pro Shops targeting a spring 2025 opening. ICA Properties owns the development, which is also home to a Cinergy movie theater and entertainment complex. The Retail Coach worked on behalf of the tenant and landlord, as well as the City of Odessa, to facilitate the deal.
LEWISVILLE, TEXAS — Bright Realty has welcomed eight new food-and-beverage users to The Realm at Castle Hills, the locally based developer’s 324-acre mixed-use destination in the northern Dallas suburb of Lewisville. The tenants that have either recently opened or signed leases include: Marble Slab Creamery/Great American Cookies (1,600 square feet); Chinese and Indian restaurant The Monk’s (3,869 square feet); RT Bakery (1,507 square feet); Voodoo Brewing Co. (4,346 square feet); Bagel Bar (1,186 square feet); Ked’s Artisan Ice Cream & Treats (1,893 square feet); Cocinero Mexican Restaurant (3,800 square feet); and Bluebonnet Brunch House (2,479 square feet).
HOUSTON — Fertitta Entertainment Inc., an entity controlled by Houston Rockets owner Tilman Fertitta, has purchased River Oaks District, a 664,308-square-foot mixed-use development on Houston’s west side. Multiple local news sources, including the Houston Chronicle, report that the sales price was $450 million. As a shopping and dining destination, River Oaks District features 302,668 square feet of retail and restaurant space. Tenants include Hermes, Cartier, Dior, Harry Winston, Van Cleef & Arpels, Brunello Cucinelli, Balmain, Le Colonial, Toulouse, Bari, Steak48 and Little Hen. River Oaks also houses an Equinox fitness facility and an IPIC Theaters location. River Oaks is also home to the five-story Grey House Apartments, which consists of 279 units in one- and two-bedroom floor plans. Residences feature stainless steel appliances, quartz countertops and European cabinetry. Amenities include a pool, fitness center, screening room, conferencing facilities and onsite concierge service. River Oaks, which also features 67,060 square feet of boutique office space, is located at 4444 Westheimer Road. The 14-acre development benefits from a surrounding population in excess of 200,000 people — with an average annual household income of $158,600 — within a three-mile radius. Barry Brown, Erin Lazarus, Colby Mueck, Ryan West, Jeff Hollinden and Dustin Selzer …
