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Grandview-Laredo
DevelopmentIndustrialTexas

Grandview, Brennan to Develop 393,796 SF Industrial Project in Laredo, Texas

by Taylor Williams

LAREDO, TEXAS — A joint venture between Connecticut-based Grandview Partners and Chicago-based Brennan Investment Group will develop a 393,796-square-foot industrial project in the Rio Grande Valley city of Laredo. The site spans 24 acres within the 1,390-acre Pinnacle Industry Center development. Building features will include 32-foot clear heights, 195-foot truck court depths and parking for 152 cars and 199 trailers. Construction is expected to begin in the coming weeks and to last about 12 months.

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DevelopmentOfficeTexas

Skanska Completes 375,000 SF Office Building in Downtown Houston

by Taylor Williams

HOUSTON — International developer Skanska has completed construction on 1550 on the Green, a 375,000-square-foot office building in downtown Houston. Bjarke Ingels Group designed the 28-story building, which Skanska broke ground in June 2021 and topped out last February. Amenities include multiple indoor and outdoor terraces overlooking Discovery Green park, a 9,400-square-foot rooftop event space, a fitness center with space for private classes and 7,000 square feet of ground-floor retail space.

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CivicDevelopmentTexas

City of Round Rock to Renovate 35,000 SF Former Downtown Library Building

by Taylor Williams

ROUND ROCK, TEXAS — The City of Round Rock, located north of Austin, will renovate the 35,000-square-foot former library building in the downtown area. The project team will relocate office zones toward the east side of the building to utilize existing windows and create a more public face for tenants. The project also includes a redesign of the public paseo that connects to the building. McKinney York Architects is designing the project, and Braun & Butler Construction is serving as the general contractor. Construction is scheduled to begin in May.

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Leasing ActivityRestaurantRetailTexas

Three New Tenants Open Stores at LaCenterra at Cinco Ranch in Katy, Texas

by Taylor Williams

KATY, TEXAS — Three new tenants have opened stores at LaCenterra at Cinco Ranch in the western Houston suburb of Katy. Athleisure provider lululemon has opened a 4,133-square-foot store next to Sephora, and South African restaurant concept Nando’s has also debuted its 2,754-square-foot eatery next to Jamba Juice. Lastly, apparel and accessories retailer Two Tarts’ Toppers has opened a 1,113-square-foot store next to CycleBar and across from Bar Louie. Poag Development Group owns LaCenterra at Cinco Ranch.

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IndustrialLeasing ActivityTexas

Displayco USA Signs 17,055 SF Industrial Lease in Northwest Houston

by Taylor Williams

HOUSTON — Displayco USA, a provider of supplies for trade shows and custom exhibits, has signed a 17,055-square-foot industrial lease at 9350 Baythorne Drive in northwest Houston. Jon Michael and Ed Bane of Bridge Commercial Real Estate represented the landlord, TIAA, in the lease negotiations. George Montes of Cypressbrook Co. represented Displayco.

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DevelopmentHospitalityTexas

Choice Hotels, HighSide to Open Five EverHome Suites Hotels in Texas in 2025

by Taylor Williams

ROCKVILLE, MD. — Choice Hotels International, a Maryland-based operator, will open five hotels under its EverHome Suites brand in Texas throughout the course of 2025. Denver-based HighSide Cos. is developing all of the hotels, which will be located in Amarillo, Bastrop, Brownsville, El Paso and Waco. Choice Hotels will retain full ownership of the Bastrop property. Construction is underway on all five hotels, each of which will have between 114 and 122 apartment-style rooms that will feature fully equipped kitchens, spa-style bathrooms and both open and closed storage spaces.

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South-McColl-Road-McAllen
DevelopmentIndustrialSelf-StorageTexas

Bakke, Batson-Cook Break Ground on 762-Unit Self-Storage Facility in McAllen, Texas

by Taylor Williams

MCALLEN, TEXAS — A partnership between San Antonio-based Bakke Development Corp. and Atlanta-based Batson-Cook Development Co. (BCDC) has broken ground on an 762-unit self-storage facility in the Rio Grande Valley city of McAllen. The site on South McColl Road spans roughly two acres, and the building will rise three stories and house 85,825 net rentable square feet of climate-controlled space. Project partners include Alamo Architects, civil engineer Halff, general contractor Independent Contractors and construction lender Security State Bank. Completion is slated for the first quarter of 2025. The project marks the fourth self-storage collaboration between the two firms, with the most recent project, an 802-unit facility also in McAllen, beginning in early 2023.

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Station42-Killeen
DevelopmentMultifamilyTexas

NRP Group Completes 368-Unit Mixed-Income Residential Project in Killeen, Texas

by Taylor Williams

KILLEEN, TEXAS — Cleveland-based developer The NRP Group has completed Station42, a 368-unit mixed-income residential project located in the Central Texas city of Killeen. Units come in one-, two- and three-bedroom floor plans, and more than half of the residences are reserved for households earning 80 percent or less of the area median income. The amenity package comprises a pool, fitness center, clubroom, gaming area, communal kitchen, coworking lounge, dog park, outdoor dining and entertainment areas and package handling services. Project partners include The City of Killeen Public Facility Corp., J.P. Morgan and Texas Capital Bank.

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AcquisitionsMultifamilyTexas

Colliers Arranges Sale of 152-Unit Apartment Complex in Metro Houston

by Taylor Williams

TOMBALL, TEXAS — Colliers has arranged the sale of Oak Bend Place, a 152-unit apartment complex in the northern Houston suburb of Tomball that was originally built in 1984. According to Apartments.com, the property offers two-bedroom units that range in size from 834 to 907 square feet and amenities such as a pool, pet play area and outdoor grilling and dining stations. Chip Nash, Bob Heard, Kitty Wallace and Jaleel Adatia of Colliers represented the seller, Alphil Investments, in the transaction. The buyer was not disclosed.

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AcquisitionsRetailTexas

Marcus & Millichap Brokers Sale of 14,605 SF Retail Building in Cypress, Texas

by Taylor Williams

CYPRESS, TEXAS — Marcus & Millichap has brokered the sale of a 14,605-square-foot retail building in the northwestern Houston suburb of Cypress. The vacant building, which was most recently occupied by CVS, was originally constructed in 2002. James Bell and Watt Harrison of Marcus & Millichap represented the seller and procured the buyer, both of which were limited liability companies that requested anonymity, in the transaction.

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