MAGNOLIA, TEXAS — Marcus & Millichap has brokered the sale of Windcrest Village Square, a 14,907-square-foot retail strip center in Magnolia, a northwestern suburb of Houston. Built on 1.5 acres in 2023, the center was fully leased at the time of sale to tenants such as The Toasted Yolk, Sugar Llamas, Anytime Fitness, Kitchen & Bath Shop and Ally Anne’s Kolache Kitchen. Allie Munday and Philip Levy of Marcus & Millichap represented the undisclosed seller in the transaction.
IRVING AND EULESS, TEXAS — Trammell Crow Co. (TCC) has broken ground on Passport Park West, a seven-building, 2.7 million-square-foot industrial project that will be located on Dallas-Fort Worth International Airport grounds. The site spans 180 acres across both Irving and Euless, and Phase I of the development will feature three buildings totaling approximately 1.8 million square feet. The structures will include a 455,992-square-foot, cross-dock facility with 40-foot clear heights; a 1.1 million-square-foot, cross-load facility with 40-foot clear heights; and a 219,298-square-foot, rear-load building with 36-foot clear heights. Alliance Architects is serving as the project architect, and Peinado Construction is the general contractor. CBRE is the leasing agent. Phase I is slated for a first-quarter 2026 completion.
LEWISVILLE, TEXAS — Cushman & Wakefield has brokered the sale of Heritage Towers, a 282-unit apartment complex located in the northern Dallas suburb of Lewisville. Completed in 2023, the property offers one- and two-bedroom units and amenities such as a pool, fitness center, dog park, clubhouse with a coffee bar and outdoor grilling, dining and gaming areas. Asher Hall and Grant Raymond of Cushman & Wakefield represented the seller, Dallas-based Huffines Communities, in the transaction. The buyer and sales price were not disclosed.
MCKINNEY, TEXAS —Kennedy Funding, a New Jersey-based direct private lender, has provided a $1.6 million acquisition loan for a 9.3-acre townhome development site in the northern Dallas suburb of McKinney. The borrower, OFS Ventures, acquired the parcel for $3.3 million with plans to develop 69 units, though it remains unclear whether the residences will be for rent or sale. Alex Caragiannides of CMG Home Loans placed the debt, which carried a 9 percent interest rate, with Kennedy Funding on behalf of OFS Ventures.
ALLEN, TEXAS — Chicken N Pickle, a Kansas City-based concept that combines dining with pickleball and other outdoor games, has opened a 42,000-square-foot restaurant and entertainment venue in the northeastern Dallas suburb of Allen. The venue is located at The Farm, a 135-acre mixed-use development by JaRyCo, and features dining areas on two levels, a sports bar, six indoor and two covered outdoor pickleball courts, beer gardens and other outdoor game spaces. Construction began in February 2024.
HOUSTON — Hicks Davis Wynn has renewed and expanded its office lease in West Houston. The law firm has renewed its 8,509-square-foot lease at 3555 Timmons Lane, a 230,440-square-foot building located within the Greenway Plaza development, and also taken an additional 4,863 square feet of space, bringing its total footprint to 13,372 square feet. Katy Gragg, John Heard and Eric Anderson of Transwestern represented the landlord, Dallas-based Novel Office, in the lease negotiations. Partners Real Estate represented the tenant.
PLANO, TEXAS — A partnership between Indianapolis-based Kite Realty Group (NYSE: KRG) and Singapore’s GIC has acquired Legacy West, a mixed-use development located in Plano, for $785 million. According to Kite Realty’s first-quarter earnings report that announced the transaction, Legacy West includes 344,000 square feet of retail space, 444,000 square feet of office space and 782 multifamily units. Invesco Real Estate has been the lead equity partner in Legacy West since the project’s inception in 2014, becoming the majority owner of the development in 2019. Prism Places and Mark Masinter of Open Realty Advisors handled leasing negotiations and the curation of office tenants, retailers and restauranters at Legacy West, which is now more than 95 percent leased. Tenants at the development include Louis Vuitton, Tiffany, Gucci, Tory Burch, Watches of Switzerland, Aritzia, lululemon, Chanel Beauty, Ralph Lauren and Vuori. “We’re proud to have played a role in shaping this dynamic development — one that integrates thoughtful placemaking and a carefully curated tenant mix, designed to serve the community for years to come,” says Mark Masinter, chairman of Global Retail for Newmark. Legacy West also features more than 20 various eateries, including the development’s food hall, Legacy Hall, and newer additions …
DALLAS — Dallas-based financial intermediary BMC Capital has arranged $67.6 million in financing for a multifamily property located in the greater Austin area. The name and address of the garden-style property, which totals 300 units and was built in 2024, were not disclosed. The financing consists of a $53.5 million senior bridge loan and a $14.1 million preferred equity investment. Noah Laredo led the BMC Capital team on the placement of the financing, the debt component of which was structured with a three-year term and a 97 percent loan-to-cost ratio. The names of the direct lender, a Florida-based life insurance company, and borrower, a Texas-based developer, were also not disclosed.
AUSTIN, TEXAS — General contractor Austin Commercial has broken ground on Mulva Hall, which will be the new home of the McCombs School of Business at the University of Texas at Austin. Designed by Perkins&Will, the 400,000-square-foot building will be situated next to the Robert B. Rowling Hall graduate business building and the AT&T Hotel and Conference Center. Mulva Hall will bring undergraduate classrooms, academic department suites, faculty offices, research centers, convening spaces and the dean’s office under a single roof. Completion is slated for 2028.
SAN ANTONIO — Atlanta-based brokerage firm Hunter Hotel Advisors has negotiated the sale of the 106-room Hilton San Antonio North Stone Oak hotel on the city’s north side. Rooms feature kitchenettes, and amenities include a fitness center and outdoor pool. A San Diego-based investor purchased the property from an institutional investment firm, with both parties requesting anonymity. Kami Burnette and Mason McDavid of Hunter Hotel Advisors brokered the sale. The firm’s Adeel Amin arranged acquisition financing for the deal.