DALLAS — Insurance giant Chubb has signed a 50,000-square-foot office lease at Lincoln Centre, a 1.6 million-square-foot campus in North Dallas. Lincoln Centre recently underwent a multimillion-dollar renovation, and the property now offers amenities such as a food hall, lobby lounge, coffee bar, fitness center, conference facilities, a working mothers’ room and a wine lounge. Matt Schendle, Clint Madison and Zach Bean of Cushman & Wakefield represented the landlord, Nuveen Real Estate, in the lease negotiations.
HOUSTON — Target (NYSE: T) will open a 1.4 million-square-foot distribution center at Generation Park, a 4,000-acre mixed-use development in northeast Houston. California-based Panattoni Development purchased 145 acres for the Minneapolis-based retailer’s facility from the owner of Generation Park, McCord Development, in 2022. Construction is underway and scheduled for completion next year.
SAN MARCOS, TEXAS — A partnership between two California-based developers, Ledo Capital Group and St. Clair Commercial Real Estate, will develop a 663,460-square-foot industrial project in the Central Texas city of San Marcos. San Marcos Business Park will consist of three buildings ranging in size from 84,000 to 375,000 square feet that will be situated on a 45.7-acre site within the Whisper South master-planned development. All buildings will have rear-load configurations, 32- to 36-foot clear heights and ESFR sprinkler systems. The site also includes additional space for outdoor storage or trailer parking. Dallas-based ARCO/Murray is handling design and construction of the project, with Kimley-Horn serving as the civil engineer. Stream Realty Partners will market the property for lease. Construction is set to begin in the fourth quarter.
LEANDER, TEXAS — Locally based firm Freehill Development Co. will build Hero Way West, a 227,200-square-foot industrial project that will be located on a 16.8-acre site in the northern Austin suburb of Leander. The development will consist of three shallow-bay buildings with 28-foot clear heights. Charlie Strauss, Tom Weber, Trent Agnew and Josh Villarreal of JLL arranged joint venture equity with an undisclosed partner for the capitalization of the project. Michael Johnson and Chris McColpin, also with JLL, arranged floating-rate construction financing. Construction is set to begin this summer and to last about 12 months.
HOUSTON — Colliers has negotiated a 116,161-square-foot office headquarters lease at West Memorial Place I, a 331,000-square-foot building in Houston’s Energy Corridor area. The building is one of two at a complex that offers a fitness center, conference center, walking trails and an onsite restaurant and bar. David Carter and Jay Kyle of Colliers represented the tenant, MODEC International Inc., a supplier of mooring and fluid transfer systems for offshore energy companies, in the lease negotiations. Johnny Knight, Stewart Smith and Aaron Ander of Fuller Realty represented the undisclosed landlord.
HOUSTON — Houston-based energy firm Black Stone Minerals has signed a 55,082-square-foot office lease renewal at 1001 Fannin, a 47-story, 1.3 million-square-foot building in downtown Houston. Brad Beasley and Chip Colvill of Cushman & Wakefield represented the landlord, JMB Realty Corp., in the lease negotiations. Trey Strake, David Guion and Chris Oliver, also with Cushman & Wakefield, represented the tenant. The building, which includes 25,000 square feet of retail and restaurant space, recently underwent a capital improvement program that added new amenities, including a coffee shop, tenant lounge areas and a fitness center.
PEARLAND, TEXAS — Jetstream Communities, an affiliate of locally based firm CityStreet Residential Partners, has completed renovations at Jetstream RV Resort — Pearland, a 234-site park located on the southern outskirts of Houston. The 20-acre development includes four fully furnished houses that are available for rent. Renovations primarily focused on spaces that house amenities, which include a pool, clubhouses, fitness center, business center, arcade, dog park, outdoor dining and gaming areas, a beer garden and onsite laundry facilities.
GEORGETOWN AND ROUND ROCK, TEXAS — Baltimore-based St. John Properties will develop Westinghouse Crossing, a 225,000-square-foot mixed-use project that will be located on the northern outskirts of Austin. The site near the intersection of Westinghouse Road and North Mays Street lies at the southern border of Georgetown and the northern border of Round Rock. Westinghouse Crossing will feature 170,000 square feet of research-and-development facilities, 40,000 square feet of office space and 15,000 square feet of retail space. Construction is scheduled to begin this fall and to be complete in summer 2024. Joe Simmons and Leigh Ellis of Aquila Commercial represented the seller, Arizona-based Buorn Cos., in the disposition of the land.
HOUSTON — Houston-based Chord Energy (NASDAQ: CHRD) has signed a 103,405-square-foot office lease renewal at 1001 Fannin, a 47-story, 1.3 million-square-foot building in downtown Houston. The building, which includes 25,000 square feet of retail and restaurant space, recently underwent a capital improvement program that added new amenities, including a coffee shop, tenant lounge areas and a fitness center. Brad Beasley and Chip Colvill of Cushman & Wakefield represented the landlord, JMB Realty Corp., in the lease negotiations. Chad Beck, also with Cushman & Wakefield, represented Chord Energy.
PLANO, TEXAS — Lee & Associates has negotiated a 79,720-square-foot industrial lease in the northern Dallas suburb of Plano. According to LoopNet Inc., the property at 3605 E. Plano Parkway was built in 1999, totals 100,320 square feet and features 24-foot clear heights, 32 exterior dock doors and 445 parking spaces. George Tanghongs of Lee & Associates represented the landlord, an affiliate of Pennsylvania-based Equus Capital Partners, in the lease negotiations. Brett Lewis, also with Lee & Associates, represented the tenant, LiteOn, a Taiwanese provider of consumer electronics.