DALLAS — H-E-B will open a 55,000-square-foot store at 5204 S. Buckner Blvd. in East Dallas that will be operated under the San Antonio-based grocer’s Joe V’s Smart Shop brand. The opening is slated for spring 2025. The concept, which launched in 2010 in Houston, features a smaller-format space and a curated selection of products, including baked goods, prepared foods, nutritional supplements and hygiene products. Construction is also underway on another Joe V’s store in South Dallas, with an opening scheduled for summer.
HOUSTON — Just Play Sports, which provides basketball lessons and training, has signed a 17,056-square-foot lease renewal at its recreational facility at 10510 Westview Drive in Houston. Just Play Sports originally opened at the facility in 2018. Jason Whittington of Partners Real Estate represented the tenant in the lease negotiations. Greg Barra of Boyd Commercial represented the landlord, an entity doing business as JL Landco LLC.
KATY, TEXAS — Sporting goods retailer Academy Sports + Outdoors has announced plans to open 160 to 180 new stores over the next five years. Half of the new stores are expected to open in markets where the retailer has an existing footprint. The remaining 80 to 90 stores are planned for new and adjacent markets, with a focus on expanding to smaller and mid-sized markets. The company sees these locations as offering higher opportunities for profit despite lower sales volumes. These openings will increase the Katy-based retailer’s footprint from 282 stores across 18 states to between 442 and 462 nationally. The company will begin this effort by opening 15 to 17 new locations in 2024. The first of these stores recently opened in Knightdale, N.C. Another location is set to open on April 12 in Greenwood, Ind. The company, which sees 95 percent of its sales fulfilled in brick-and-mortar locations, concurrently announced plans to enhance its omnichannel shopping experience by improving its mobile application and search capabilities, increasing the speed of online check-out, and offering more payment options. Academy Sports + Outdoors was founded in 1938 and offers a full range of outdoor and sports apparel and footwear; hunting, …
WINDCREST, TEXAS — Cleveland-based investment and development firm Industrial Commercial Properties (ICP) has acquired the 1.2 million-square-foot former headquarters complex of Rackspace Technology in Windcrest, located just northeast of San Antonio. The locally based cloud computing firm originally acquired the 66-acre property in 2007. According to San Antonio Report, ICP plans to invest more than $40 million in capital improvements to the property, including redeveloped façades, parking lots and green spaces, and to feature industrial and office space that can support eight to 10 tenants. The property will also be rebranded as Windcrest International Business Park.
AUSTIN, TEXAS — Texas-based developer Presidium has broken ground on a 307-unit multifamily project that will be located within the 314-acre Velocity master-planned development in southeast Austin. Apartments will come in studio, one-, two- and three-bedroom floor plans and range in size from 375 to 1,400 square feet. Amenities will include a pool, fitness center, coworking lounge, dog park, volleyball and pickleball courts, entertainment lounge and podcast rooms. O’Brien Architects designed the four-story project, and Provident General Contractors is handling construction. Completion is slated for mid-2025.
DALLAS — Atlanta-based REIT Piedmont Office Realty Trust has sold One Lincoln Park, an approximately 257,000-square-foot building in North Dallas. The 10-story building, which was constructed in 1999, was 59 percent leased at the end of 2023. Amenities include a fitness center, conference facilities, tenant lounge and grab-and-go food service. A financial institution, which the Dallas Morning News reports is Triumph Financial, purchased One Lincoln Park in an all-cash deal and plans to use the building as its new headquarters.
SAN ANTONIO — A joint venture between two locally based firms, Headwall Investments and SageView Partners, has purchased The Colonnade Retail Center in San Antonio. The 126,549-square-foot shopping center sits on a 5.4-acre site on the city’s northwest side. Tenants at The Colonnade include Firehouse Subs, Great Clips, The Honey Baked Ham Co., First Watch and PJ’s Coffee of New Orleans. The seller and sales price were not disclosed.
MCKINNEY, TEXAS — Hospitality management firm TPG Hotels & Resorts has opened its new 7,500-square-foot office headquarters at District 121, a mixed-use development located north of Dallas in McKinney. The space occupies the fifth floor of a 190,000-square-foot building. David Rubenstein of Savills represented the tenant in the lease negotiations. Craig International owns District 121.
DALLAS — Lincoln Property Co. has acquired a four-acre site at 2500 Cedar Springs Road in Uptown Dallas. The firm plans to develop a Class A mixed-use project with approximately 400,000 to 500,000 square feet of office space, 250 luxury apartment units, a 200-room hotel, 25,000 square feet of food-and-beverage retail, and ample green space. The project site is near the Crescent office and hotel, the Ritz-Carlton hotel, the Katy Trail, Klyde Warren Park, Victory Park, the American Airlines Center and numerous restaurants. Although a seller was not disclosed, the Dallas Business Journal reports that an entity connected to Greenway Investment Co. previously owned the property, a retail strip built in the 1950s. A timeline for development has yet to be finalized, according to Chase Prospere, senior vice president and office market leader at Lincoln in Dallas. “Complex developments like this are years in the making and it’s very early in the process, but we intend to move at pace to get to groundbreaking,” says Prospere. “We are actively marketing the project to prospective anchor tenants and expect leasing activity to be strong given the unique location and amenities of the project.” The Uptown submarket of Dallas posted an office …
BROOKSHIRE, TEXAS — Houston-based Clay Development has completed Twinwood Distribution Center III, a 767,520-square-foot industrial project in the western Houston suburb of Brookshire. The cross-dock facility sits on 37.1 acres within the 200-acre Uplands Twinwood Business Park. Building features include 40-foot clear heights, 180 dock-high doors, four drive-in ramps, 130-foot truck court depths, 2,600 square feet of office space, an ESFR sprinkler system and parking for 264 cars. The site can also support the addition of parking space for up to 55 trailers. Cushman & Wakefield has been appointed as the property’s third-party leasing agency.