SAN MARCOS, TEXAS — Partners Capital, the investment arm of Partners Real Estate, has sold San Marcos Place, a 73,882-square-foot shopping center located roughly midway between Austin and San Antonio. Built in 1985 and renovated in 2017, the center was 82 percent leased at the time of sale to tenants such as grocer Poco Loco. Cathy Nabours and Kyle Shaffer of SRS Real Estate Partners represented Partners Capital, which purchased the property in 2018, in the transaction. The buyer and sales price were not disclosed.
RICHARDSON, TEXAS — Pepperidge Farm has signed a 45,406-square-foot industrial lease in the northeastern Dallas suburb of Richardson. The Connecticut-based commercial baker is taking space at the building located at 1405 E. Lookout Drive. Josh Barnes, Blake Troiani and Weston Porter of Holt Lunsford Commercial represented the landlord, Crow Holdings, in the lease negotiations. Micheal Paine of Cushman & Wakefield represented Pepperidge Farm.
HOUSTON — Stream Realty Partners has negotiated a 40,033-square-foot industrial lease in the Brookhollow neighborhood of northwest Houston. The tenant, Lindsey’s Office Furniture, is taking space at 7049 Brookhollow West Drive, which according to LoopNet Inc. totals 108,000 square feet and features 26-foot clear heights. Boone Smith and Garret Geaccone of Stream represented the landlord, STAG Industrial Holdings, in the lease negotiations. Patrick Wolford of Lee & Associates represented the tenant.
RICHARDSON, TEXAS — Locally based brokerage firm Holt Lunsford Commercial has arranged a 22,332-square-foot industrial lease renewal in the northeastern Dallas suburb of Richardson. The tenant is TJ Inspection Inc., which provides services for the energy industry. Josh Barnes and Weston Porter with Holt Lunsford represented the landlord, Dallas-based ATCAP Partners, in the lease negotiations.
PLANO, TEXAS — Minneapolis-based developer Ryan Cos. has completed a 23-story, 409,000-square-foot office building within the Legacy West mixed-use development in Plano. Global tax firm Ryan LLC plans to occupy about half of the building as its new headquarters, and JLL is marketing the remaining space for lease. The developer and tenant are not affiliated. ACORE Capital provided construction financing for the project, which Ryan Cos. developed in a joint venture with the real estate investment arm of Kansas-based conglomerate Koch. Amenities include a fitness center, multiple conference rooms, tenant lounge, pickleball courts and a café. Gensler served as the project architect. Construction began in summer 2022 and topped out last fall.
HOUSTON — General contractor Gallant Builders is underway on the renovation of Four Westlake, a 564,291-square-foot office building located within the Energy Corridor area of West Houston. Energy giant BP formerly occupied the property, which according to LoopNet Inc. was built in 1992 and previously renovated in 2004. The centerpiece of the renovation is the transformation of the lobby. The project team will also upgrade the fitness center and add a new food hall. IA Interior Architects served as the project architect. JLL is providing project management and leasing services. Completion is slated for May 2025. The owner was not disclosed.
SAN MARCOS, TEXAS — Cleveland-based multifamily developer The NRP Group has delivered Centro35, a 330-unit affordable housing community in San Marcos, located roughly midway between Austin and San Antonio. Centro35 offers one-, two-, three- and four-bedroom units that are reserved for households earning 60 percent or less of the area median income. The amenity package comprises a pool, fitness center, conference center with individual work pods, children’s activity room and a game room. NRP Group developed the property in partnership with Capital Area Housing Finance Corp.
HOUSTON — Lebco Industries has signed an 80,260-square-foot industrial lease in northwest Houston. The furniture manufacturer is taking space at 6913 Guhn Road, a single-tenant building that features 32-foot clear heights, 18 dock-high doors, 185-foot truck court depths and parking for 61 cars and 32 trailers. Jeremy Lumbreras and William Carpenter of Stream Realty Partners represented the landlord, Chicago-based First Industrial Realty Trust, in the lease negotiations. David Buescher and Geoff Perrott of JLL represented the tenant.
DALLAS — Marcus & Millichap has brokered the sale of a 13,265-square-foot mixed-use building in Uptown Dallas. The three-story building at 3203 McKinney Ave. consists of 5,829 square feet of office/retail space and 7,436 square feet of residential space. Joe Santelli of Marcus & Millichap represented the seller and procured the buyer, both of which were private investors that requested anonymity, in the transaction.
FORNEY, TEXAS — Texas-based developer StreetLevel Investments has broken ground on Village at Gateway, a 120-acre mixed-use development in Forney, an eastern suburb of Dallas. The site is located at North Gateway Boulevard and U.S. Highway 80 within the 2,000-acre Gateway master-planned development. Phase I of the project will feature 500,000 square feet of retail space that will be anchored by Target (144,000 square feet), Home Depot (135,000 square feet) and grocer H-E-B (131,000 square feet). Dallas-based GFF is the project architect, and Ridgemont Commercial Construction is serving as the general contractor. Phase I is slated for a summer 2026 completion. Village at Gateway will also feature a multifamily component, although details on that element of the project are not yet available.