RICHARDSON, TEXAS — Topaz Labs, a provider of AI-powered photo and video enhancement technology, has signed an approximately 19,000-square-foot office lease expansion in the northeastern Dallas suburb of Richardson. The deal effectively triples the company’s footprint at its headquarters facility, which is located at 5100 Belt Line Road, to about 28,000 square feet across the top two floors of the three-story building. Nick Lee and Walker Hume of NAI Robert Lynn represented Topaz Labs in the lease negotiations. Kristi Waddell, Addie Ludwig and Jeremy Duggins of Cawley Partners represented the landlord.
AUSTIN, TEXAS — Franklin Street, a Tampa-based commercial real estate services firm, has launched a multifamily investment sales division for Texas markets. The business unit will operate as a seven-person team from the firm’s existing office in Austin, which opened about a year ago and now comprises more than 20 professionals who also offer services for land, office and industrial verticals. Patrick Strake, an Austin native and former Marcus & Millichap team member, will lead the new multifamily division.
FRISCO, TEXAS — HALL Group has opened a 224-room hotel at HALL Park, the locally based firm’s flagship campus in Frisco that is currently in the midst of a $7 billion redevelopment. The hotel, which is operated under Marriott’s Autograph Collection family of brands, features 164 traditional guestrooms and 60 suites. Amenities include a rooftop pool and bar, fitness center, restaurant and lounge, 4,000-square-foot ballroom, patio overlooking Kaleidoscope Park and a “sanctuary” space that was crafted by B2 Design Co. Construction of the hotel began in 2022.
SAN MARCOS, TEXAS — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $31.2 million bridge loan for the acquisition of The Lodge, a 696-bed student housing property in the Central Texas city of San Marcos. The 258-unit community serves students at nearby Texas State University. The Lodge offers one-, two-, three- and four-bedroom units and amenities such as a pool, fitness center, basketball and volleyball courts, outdoor grilling and dining stations, game room and a cybercafé. Walker & Dunlop arranged the floating-rate loan through Tremont on behalf of the sponsor, Palladius Capital Management.
DENTON, TEXAS — Cushman & Wakefield has arranged the sale of Granite Point Business Center, a 145,000-square-foot industrial building located in the North Texas city of Denton. The building, which was completed in 2006 and features 24-foot clear heights, was fully leased to four tenants at the time of sale. Jim Carpenter, Jud Clements, Robby Rieke and Trevor Berry of Cushman & Wakefield represented the seller, Boston-based TA Realty, in the transaction. The buyer was High Street Logistics Properties.
DALLAS — Marcus & Millichap has brokered the sale of Agave Azul on Boulder Apartments, a 66-unit building in southwest Dallas. The building was constructed in 1965 and has been extensively renovated over the past several years. Units predominantly feature two- and three-bedroom floor plans and have an average size of 950 square feet. Ford Braly, Al Silva and Dylan York of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were locally based investment groups that requested anonymity.
HOUSTON — Renewable energy provider CleanSky Energy has signed a 20,196-square-foot office lease renewal in the Greenway/Upper Kirby area of Houston. The space spans an entire floor within the 12-story, 236,932-square-foot building at 3355 W. Alabama St. Chris Nash and Rob Johnson of Hughes Marino represented the tenant in the lease negotiations. Jon Dutton and Andrew Elliott represented the landlord, Granite Properties, on an internal basis.
WESLACO, TEXAS — MAG Capital Partners has acquired a 360,000-square-foot industrial facility in the Rio Grande Valley city of Weslaco. MAG Capital Partners acquired the properties at 2300 Sugar Sweet Ave. and 501 S. Pleasantview Drive, which total 23 acres, via a sale-leaseback with locally based freight operator Commodities Integrated Logistics. The sales price was not disclosed.
ARLINGTON, TEXAS — Cushman & Wakefield has negotiated the sale of Cooper Oaks Crossing, a 86,766-square-foot shopping center in Arlington. The center sits on an 11-acre site and was 96 percent leased at the time of sale to tenants such as Planet Fitness and Red White & Blue Thrift Store. Kris Von Hohn of Cushman & Wakefield represented the seller, Houston-based Serac Capital Partners, in the transaction. The buyer was an entity doing business as Ledbetter Holdings LLC.
DALLAS — Jackson Walker LLP has signed a 26,016-square-foot office lease expansion and extension at KPMG Plaza in the Dallas Arts District. The deal brings the law firm’s footprint within the property, where it has been an anchor tenant since 2015, to 147,915 square feet across six floors. Matt Wieser, J.J. Leonard and Marissa Parkin of Stream Realty Partners represented the undisclosed landlord in the lease negotiations. Phil Puckett and Jeff Ellerman (who now works at Stream Realty) of CBRE represented Jackson Walker.