Friday, July 18, 2025
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Sunrise-Commerce-Center-Round-Rock
DevelopmentIndustrialTexas

IDI Logistics Completes 310,689 SF Industrial Project in Round Rock, Texas

by Taylor Williams

ROUND ROCK, TEXAS — Developer IDI Logistics has completed a 310,689-square-foot industrial project in the northern Austin suburb of Round Rock. The three-building project represents Phase I of Sunrise Commerce Center, a 465,786-square-foot speculative development that will ultimately comprise five buildings on a 37-acre site. Phase I’s rear-load buildings range in size from 59,274 to 175,170 square feet. Project partners included 5G Studio Collaborative, Pacheco Koch and Adolfson & Peterson Construction. Construction began in May 2023.

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AcquisitionsIndustrialTexas

Timber Hill Buys Four Industrial Outdoor Storage Sites Totaling 23.1 Acres in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — Chicago-based private equity real estate firm Timber Hill Group has purchased four industrial outdoor storage (IOS) sites totaling 23.1 acres in the Rio Grande Valley city of Laredo. The sites at 701 Enterprise St. and 4006 Quivira Drive will have new facilities developed from the ground up that are expected to be complete by mid-2025. Timber Hill will renovate the existing facilities at the sites at 18729 and 18701 Metropolitan Road. The seller was not disclosed.

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Leasing ActivityRetailTexas

EōS Fitness Signs 42,500 SF Retail Lease in San Antonio

by Taylor Williams

SAN ANTONIO — Dallas-based EōS Fitness has signed a 42,500-square-foot retail lease in San Antonio for its first Central Texas location. The space is located within The Shops at Redland Road in the city’s Stone Oak neighborhood, and the new facility will consist of 40,000 square feet of indoor space and 2,500 square feet of contiguous outdoor space. The opening is scheduled for 2026.

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The-Union-Dallas
LoansOfficeRetailTexas

Goldman Sachs Provides $227M Loan for Refinancing of Office, Retail Property in Uptown Dallas

by Taylor Williams

DALLAS — Goldman Sachs has provided a $227 million loan for the refinancing of The Union, a 505,994-square-foot office and retail property in Uptown Dallas. The Union’s 21-story office building was completed in 2018 and offers amenities such as a fitness center, tenant lounge and conference facility. Tenants include Salesforce, Invesco, Akin Gump and Weaver. A Tom Thumb grocery store anchors the property’s retail component, which is also home to restaurants The Henry and North Italia. Jim Curtin, Greg Napper and Rex Cruz of JLL arranged the loan on behalf of the borrower, a joint venture between KB Asset Management and RED Development. The Union also houses a 309-unit apartment community.

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Sixth-&-Blanco-Austin
DevelopmentLoansMixed-UseTexas

Riverside, MML Hospitality Break Ground on Mixed-Use Project Near Downtown Austin

by Taylor Williams

AUSTIN, TEXAS — A partnership between two locally based companies, developer Riverside and operator MML Hospitality, has broken ground on Sixth&Blanco, a mixed-use project located just west of downtown Austin. The site spans 1.6 acres at the corner of West Sixth and Blanco streets. The mass timber development will consist of 10 for-sale residences, a 57-room hotel, retail and restaurant space, art galleries and a members-only social club. Swiss architectural firm Herzog & de Meuron is designing Sixth&Blanco. Arvest Bank provided a $193 million construction loan for the project, with Prosperity Bank and Southside Bank also contributing to the financing.  

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North-Laredo-Industrial-Park
IndustrialLeasing ActivityTexas

CBRE Negotiates 432,085 SF Industrial Lease in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — CBRE has negotiated a 432,085-square-foot industrial lease in the Rio Grande Valley city of Laredo. The tenant, an undisclosed global logistics company, will occupy Building 1 at North Laredo Industrial Park, a speculative structure that features 112 dock positions, three drive-in doors, 224 trailer parking spaces and 17,000 square feet of newly constructed office space. Josh Aguilar and Rob Burlingame of CBRE represented the landlord, VanTrust Real Estate, in the lease negotiations. Kristina Madayag of KBC Advisors and Carlo Molano of Forum Commercial Real Estate represented the tenant.

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AcquisitionsRetailTexas

Disney Investment Group Arranges Sale of 57,812 SF Valley Square Shopping Center in Metro Dallas

by Taylor Williams

LEWISVILE, TEXAS — Locally based brokerage firm Disney Investment Group (DIG) has arranged the sale of Valley Square, a 57,812-square-foot shopping center located in the northern Dallas suburb of Lewisville. The center was fully leased to 21 tenants at the time of sale. David Disney and Adam Crockett of DIG represented the seller, Dallas-based LRIC Properties, in the transaction. Will Walters of DuWest Realty represented the undisclosed buyer, which purchased the asset via a 1031 exchange.

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Leasing ActivityOfficeTexas

Morgan, Lewis & Bockius Signs 29,360 SF Office Lease Renewal in Downtown Dallas

by Taylor Williams

DALLAS — Law firm Morgan, Lewis & Bockius has signed a 29,360-square-foot office lease renewal at Comerica Bank Tower, located at 1717 Main St. in downtown Dallas. The length of the new lease term was not disclosed. Rhett Miller, Patrick Cruz and Sam Bass of Stream Realty Partners represented the undisclosed landlord in the lease negotiations. Jon McNeil and Daryl Mullin of JLL represented the tenant. 

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The-Mix-Frisco
DevelopmentMixed-UseTexas

City of Frisco Approves Master Development Agreement for $3B Mixed-Use Project

by Taylor Williams

FRISCO, TEXAS — The City of Frisco, located north of Dallas, has approved a master development agreement for The Mix, a $3 billion, 112-acre mixed-use project. Under the terms of the deal, the City of Frisco, the Frisco Economic Development Corp. and the Frisco Community Development Corp. will provide $113.4 million in performance-based grants to fund Phase I infrastructure, which includes property remediation and construction of an underground parking garage. The Mix will be located at the former site of Wade Park, a mixed-use development that never materialized at the southeast corner of Lebanon Road and Dallas Parkway. Plans currently call for 2 million square feet of office space, 375,000 square feet of retail and restaurant space, two hotels and apartments and townhomes, as well as 16 acres of open green space and a park. The name of the private-sector developer behind the project was not disclosed, but D Magazine reports that New York-based JVP Management took control of the site in 2019.

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The-Timbers-San-Marcos
LoansMultifamilyStudent HousingTexas

Orion Real Estate Refinances 253-Bed Student Housing Property Near Texas State University

by Taylor Williams

SAN MARCOS, TEXAS — Orion Real Estate Partners has refinanced The Timbers, a 253-bed student housing property located near the Texas State University campus in San Marcos. The loan amount was not disclosed. The Timbers houses 155 units in one-, two- and three-bedroom configurations. Select apartments offer wood-burning fireplaces and vaulted ceilings. Shared amenities include a pool, clubhouse with an arcade, pet park, full basketball court, 24-hour fitness center and a barbecue station. Dan Kearns, Patricia Heminger, Rebecca Brielmaier and Katia Novi of JLL originated the debt.

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