FORT WORTH, TEXAS — SQUAN Construction Services, a New Jersey-based infrastructure design-build firm, has signed a lease at Sun Valley Industrial Park in Fort Worth. The square footage was not disclosed. Todd Hubbard and Joe McLiney of NAI Robert Lynn represented the landlord, Empire Holdings, in the lease negotiations. Landon Brune of CBRE represented the tenant.
DALLAS — General contractor Balfour Beatty has broken ground on a $95.5 million mixed-use development that will be located in the Knox-Henderson area of Dallas. The site spans a quarter-mile stretch of North Henderson Avenue between Glencoe Street and McMillan Avenue that has been vacant for decades. The 161,000-square-foot development will have 10 buildings, and plans currently call for 12,000 square feet of restaurant space, 75,000 square feet of retail space, 74,000 square feet of office space and 500 subgrade parking spaces. A partnership between New York-based Acadia Realty Trust and Dallas-based Ignite-Rebees is leading the development, which will also deliver new street paving, decorative crosswalks, enriched landscaping and buried utility lines. Dallas-based GFF is the project architect. A groundbreaking ceremony took place earlier this month, and completion is slated for fall 2026.
CARROLLTON, TEXAS —Marcus & Millichap has brokered the sale of Cantera Apartment Homes, a 172-unit multifamily complex located in the northern Dallas metro of Carrollton. Built in 1969, the property consists of 12 buildings on a 6.2-acre site at 1910 S. Josey Lane. Units come in one- and two-bedroom floor plans. Amenities include a pool and onsite laundry facilities. Wesley Racht, Joey Murry, Nick Fluellen and Bard Hoover of Marcus & Millichap represented the seller, a partnership between Touro Co. and Catalyst Equity Partners, in the transaction. The team also procured the buyer, an entity doing business as Cantera CRG LLC. Fritz Waldvogel of Colliers Mortgage originated an undisclosed amount of Fannie Mae acquisition financing for the deal.
PEARLAND, TEXAS — Los Angeles-based PCCP LLC is underway on construction of a 109-unit build-to-rent residential project in the southern Houston suburb of Pearland. Skymor at Pearland will consist of 58 four-bedroom homes with an average size of 1,938 square feet; 29 three-bedroom residences with lofts that will average 1,866 square feet; and 22 three-bedroom units with no lofts that will span 1,763 square feet on average. All homes will include two-car garages. Communal amenities will include a playground, dog park and nature trails. PCCP has partnered with Integrity Community Builders on the project, and the first homes are expected to be available for occupancy by February 2025. Barkley Development sold the 13-acre site on which the project will be developed after acquiring the acreage in 2023 and handling the entitlement process and establishing infrastructure.
MCKINNEY, TEXAS — Cytracom has signed a 30,000-square-foot office lease in the northern Dallas suburb of McKinney. The provider of cloud-based communication and networking services will occupy the entire top floor of the building at 7300 State Highway 121 for its new headquarters. The building is part of District 121, a $250 million mixed-use development by Craig International. Kent Smith of NAI Robert Lynn represented Cytracom, which plans to move into its new space in January, in the lease negotiations.
PLANO, TEXAS — Bradford Commercial Real Estate Services has negotiated a seven-year, 26,828-square-foot lease at Plano Office Commons, an industrial flex property located northeast of Dallas. The tenant, Aither Systems LLC, a provider of renewable energy solutions, is relocating from nearby Allen to an endcap space at 605 Shiloh Road. Brian Pafford and Richmond Collinsworth of Bradford represented the landlord, an entity doing business as GH Plano Tech Center Inc., in the lease negotiations.
FORT WORTH, TEXAS — Industrial Realty Group (IRG) has acquired a 364,667-square-foot manufacturing and distribution facility in Fort Worth. The address of the property was not disclosed, but the site spans 10.4 acres and houses three buildings that were formerly owned by industrial equipment supplier S&B Technical Products, which will lease back a portion of the space. Lee & Associates is marketing the remainder of the space for lease. The new ownership plans to implement capital improvements to the property.
SAN MARCOS, TEXAS — Oklahoma City-based developer Olive Co. has broken ground on a 343,729-square-foot industrial project in San Marcos, located roughly midway between Austin and San Antonio, that represents Phase I of a 100-acre development known as McCarty Park. Phase I will comprise three rear-load buildings on 48.6 acres that will range in size from 94,648 to 127,480 square feet and feature 28- to 32-foot clear heights. Completion is slated for late 2025. CBRE is marketing the property for lease.
PEARLAND, TEXAS — Locally based developer Sueba USA has completed Ivy Lofts, a 335-unit apartment community in the southern Houston suburb of Pearland. The property offers studio, one-, two- and three-bedroom floor plans ranging in size from 480 to 1,280 square feet. Amenities include a pool, fitness center, coffee bar, multimedia center, catering kitchen and package lockers, as well as 10,707 square feet of retail space. Rents start at $1,275 per month for a studio apartment. Construction began in December 2022.
MANOR, TEXAS — Grocer H-E-B will open a 101,000-square-foot store in Manor, an eastern suburb of Austin. The store will feature pharmacy pick-up spaces, a curbside service area, seven-pump fuel station and a car wash. Construction is underway, and the opening is scheduled for late 2025. The San Antonio-based grocer operates about 435 stores throughout Texas and Mexico.