WASKOM, TEXAS — Dallas-based brokerage firm Younger Partners has arranged the sale of an industrial development site in Waskom, located near the Texas-Louisiana border. The site spans 20 acres on the north side of I-20. Ben McCutchin of Younger Partners represented the seller, Johnson Investments, in the transaction. The buyer, JF3 Properties LLC, plans to construct an equipment yard for the existing business on the site.
KINGWOOD, TEXAS — TCGU has signed a 10,412-square-foot industrial lease in Kingwood, located north of Houston. The gaming retailer is taking space at 22001 Northpark Drive, a building that according to LoopNet Inc. was completed in 1991 and renovated in 2012. Steven Hazen and Garth Plyler of Oxford Partners represented the tenant in the lease negotiations. Kurt Weidmann of Old Vine Property Group internally represented the landlord.
WEATHERFORD, TEXAS — STRIVE has arranged the sale of Peaster Plaza, a 5,940-square-foot retail strip center located in the southern Dallas suburb of Weatherford. Tenants include Lott Cleaners and Rev 180 Fitness. Harrison Beethe and Hudson Lambert of STRIVE represented the undisclosed seller in the transaction. The buyer and sales price were also not disclosed.
DALLAS — A partnership between two developers, Dallas-based Mintwood Real Estate and New York City-based MSquared, has broken ground on Loma, a 370-unit multifamily project in the Oak Cliff area of Dallas. Approximately half (187) of the residences will be reserved as affordable housing for households earning between 50 and 80 percent of the area median income. Information on floor plans was not disclosed. Amenities will include a pool, rooftop sky lounge, sauna, coworking spaces, children’s play areas, fitness center and a dog park. WDG Architecture is designing the project, which is being developed in partnership with the Dallas Public Facility Corp. A tentative completion date was not announced.
HOUSTON — W-Industries has signed a 241,712-square-foot industrial lease in North Houston. The provider of infrastructural engineering, automation and cybersecurity solutions will use the space within Champions Business Park to support its electrical manufacturing operations. Jason Dillee, Joseph Smith and Gregory Holmes of CBRE represented the undisclosed landlord in the lease negotiations. Wes Williams of Colliers represented W-Industries.
SAN MARCOS, TEXAS — Texas State University will undertake an 85,000-square-foot stadium renovation and expansion project. Bobcat Stadium, located on the university’s San Marcos campus, will receive a new upper-level hospitality and banquet space, as well as new exterior concourses. The project team, which includes Pfluger Architects and White Construction, will also upgrade the field house, including the addition of an 8,000-square-foot weight room and 3,000-square-foot training room. Completion is slated for next fall.
AUSTIN, TEXAS — Locally based multifamily and student housing developer LV Collective, formerly known as Lincoln Ventures, will open a 59-room hotel within its Paseo mixed-use tower in downtown Austin’s Rainey Street district. The hotel will be known as ROOST Rainey and will occupy the building’s 14th through 17th floors. ROOST Rainey, which is scheduled to open before the end of the year, will offer apartment-style rooms in studio, one-, two-, three- and four-bedroom formats. Guests will have access to Paseo’s amenities.
TOMBALL, TEXAS — SVN | J. Beard Real Estate has brokered the sale of a vacant quick-service restaurant (QSR) building in Tomball, located northeast of Houston. The building was formerly home to Krispy Kreme. Jackson Cain and Brigham Hedges of SVN | J. Beard represented the seller, Wave Crest Development, in the transaction. The buyer and future occupant, a Dairy Queen franchisee, was self-represented.
HOUSTON — Texas-based developer Constellation Real Estate Partners has sold Constellation Post Oak, a 424,011-square-foot industrial complex in southwest Houston. Announced in March 2022 and developed in partnership with a fund advised by Crow Holdings Capital, the property comprises a 304,400-square-foot, cross-dock building with 36-foot clear heights and a 121,800-square-foot, front-load building with 32-foot clear heights. Nathan Wynne of CBRE represented Constellation in the sale. The buyer, LBA Realty, was self-represented.
PLANO, TEXAS — Locally based investment firm Clover Capital Partners has purchased a 232-unit multifamily property in Plano, located northeast of Dallas. The Woodlands of Plano offers one-, two- and three-bedroom units, as well as a pool and onsite laundry facilities. Clover Capital plans to implement a value-add program. The seller and sales price were not disclosed.