Tuesday, July 15, 2025
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Constellation-Rosslyn-Houston
DevelopmentIndustrialTexas

Constellation to Develop 284,960 SF Industrial Project in Northwest Houston

by Taylor Williams

HOUSTON — Constellation Real Estate Partners has acquired 23.3 acres at 11891 N. Houston Rosslyn Road on the city’s northwest side for the development of a 284,960-square-foot industrial project. The development, which will be known as Constellation Rosslyn, will feature 36-foot clear heights and parking for 172 cars and 78 trailers, as well as 1.7 acres for additional trailer parking or outdoor storage. Construction is scheduled to begin before the end of the year and to be complete in the third quarter of 2025.

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Coronado-Apartment-Homes-Dallas
AcquisitionsMultifamilyTexas

Archway Equities Buys 264-Unit Apartment Complex in Northeast Dallas

by Taylor Williams

DALLAS — California-based investment firm Archway Equities has purchased Coronado Apartment Homes, a 264-unit multifamily complex located in the Lakewood area of northeast Dallas. Built on 6.8 acres in 1984, the property comprises 11 three-story buildings that house one- and two-bedroom units. Amenities include a pool, fitness center and a clubhouse. Rob Key, David Austin and William Jennings of JLL represented the undisclosed seller in the transaction. Archway plans to implement a value-add program.

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DevelopmentRetailTexas

GBT Realty Breaks Ground on 42,000 SF Retail Project in Kyle, Texas

by Taylor Williams

KYLE, TEXAS — GBT Realty Corp., a developer based in metro Nashville, has broken ground on The Shops at The Brick & Mortar District, a 42,000-square-foot shopping in the southern Austin suburb of Kyle. A 23,250-square-foot Sprouts Farmers Market will anchor the center, which will be situated within the 2,200-acre Plum Creek master-planned development. BRR Architecture is designing the grocery store, and MJM Architects is designing the retail shops. Arch-Con is the general contractor. Completion is slated for late next summer.

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IndustrialLeasing ActivityTexas

PG Sealing Technologies Signs 13,093 SF Industrial Lease in Pasadena, Texas

by Taylor Williams

PASADENA, TEXAS — PG Sealing Technologies, a manufacturer of gaskets and other industrial sealing devices, has signed a 13,093-square-foot industrial lease in Pasadena, an eastern suburb of Houston. According to LoopNet Inc., the single-tenant facility at 909 Shaver St. was built in 1976 and renovated in 2001. Garth Plyler of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Jason Kieschnick of Zann Commercial represented the landlord.

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SportsPark-Center-Greenville
CivicDevelopmentTexas

AP Construction Begins $56M Civic Renovation, Expansion Project in Greenville, Texas

by Taylor Williams

GREENVILLE, TEXAS — Adolfson & Peterson (AP) Construction has begun a $56 million civic renovation and expansion project in Greenville, located northeast of Dallas. The SportsPark Center will be a 120,390-square-foot recreation and athletic center with six basketball courts and an area designated for an interchangeable turf field. The facility will also house recreation and lap pools, locker rooms, a dry sauna, two party rooms, a childcare center, lounge and office spaces. The second floor will offer an indoor track, designated workout spaces, group fitness rooms and an outdoor fitness terrace. BRS Architecture is leading design of the project, which will also include the updating and remodeling of the 18,177-square-foot Reecy Davis Center. In addition to improvements to athletics spaces and equipment throughout this facility, the project team will construct a new, 13,655-square-foot building with an additional gym, game room and multi-purpose space. Completion of both projects is slated for May 2026.

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Winsted-at-White-Rock-Dallas
AcquisitionsMultifamilyTexas

SPI Advisory Acquires 314-Unit Apartment Community in Northeast Dallas

by Taylor Williams

DALLAS — Texas-based investment firm SPI Advisory has acquired Winsted at White Rock, a 314-unit apartment community located in the Lakewood area of northeast Dallas. Built in 1996, the property offers studio, one- and two-bedroom units that are furnished with stainless steel appliances, granite countertops and private balconies/patios. Select units also have full-size washers and dryers. Amenities include a pool, fitness center, outdoor grilling and dining stations, coworking lounge and a resident clubhouse. The seller was not disclosed. SPI Advisory plans to fully renovate the remaining classic units to premium levels, enhance common areas and amenity spaces and finish installing washers and dryers in all residences.

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4265-San-Felipe-St.-Houston
AcquisitionsOfficeTexas

Colliers Brokers Sale of 209,000 SF Office Building in West Houston

by Taylor Williams

HOUSTON — Colliers has brokered the sale of a 209,000-square-foot office building located at 4265 San Felipe St. in the River Oaks area of West Houston. According to LoopNet Inc., the 14-story building was originally constructed in 1984 and renovated in 2021. David Carter and Todd Moore of Colliers represented the undisclosed seller in the transaction. The buyer, DML Capital, has tapped Stream Realty Partners as the leasing agent.

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AcquisitionsRetailTexas

Woodmont Co. Negotiates Sale of 44,827 SF Shopping Center in Weatherford, Texas

by Taylor Williams

WEATHERFORD, TEXAS — Locally based brokerage firm The Woodmont Co. has negotiated the sale of The Village at Weatherford, a 44,827-square-foot shopping center located roughly 30 miles west of Fort Worth. Tenants include Dollar General and Rent-A-Center. Russel Wehsener of The Woodmont Co. represented the seller, Sinclair Investments, in the deal. Gibson Duwe and Kyle Poulson of Transwestern represented the undisclosed buyer.

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Leasing ActivityOfficeTexas

Three New Tenants Sign Leases at Houston’s Ion District

by Taylor Williams

HOUSTON — Three new tenants have signed leases at The Ion, a 266,000-square-foot office, life sciences and innovation hub in Midtown Houston. The tenants are energy giant Occidental Petroleum Corp. (6,500 square feet), venture capital group Fathom Fund (1,200 square feet) and tech firm Activate (2,000 square feet). Rice Management Co., the entity that acts as steward of Rice University’s endowment, owns The Ion District.

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Extra-Space-Storage-Denton
AcquisitionsIndustrialSelf-StorageTexas

Marcus & Millichap Brokers Sale of 493-Unit Self-Storage Facility in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Marcus & Millichap has brokered the sale of a 493-unit self-storage facility in the North Texas city of Denton. Extra Space Storage operates the property, which was built in the early 1980s. The unit mix comprises 84 interior non-climate-controlled units, 294 drive-up non-climate-controlled units, 13 multi-door interior units and two multi-door drive-up units for a total of 58225 net rentable square feet. Brandon Karr of Marcus & Millichap represented the seller, a locally based investor, in the transaction and procured the buyer, a publicly traded self-storage REIT. Both parties requested anonymity.

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