Texas

StreetLights Residential Plans $3B The Mix Development in Frisco, Texas

by Katie Sloan December 1, 2022

FRISCO, TEXAS — Dallas-based developer StreetLights Residential and its partners have unveiled plans for The Mix, a $3 billion mixed-use development that will be located at the intersection of Dallas Parkway and Lebanon Road in Frisco. The 112-acre project is set to include 2 million square feet of office space; 375,000 square feet of retail space, including a grocery store; a 400-key business hotel and 200-key boutique hotel; and 3 million square feet of residential development. The development will also include a central park designed by OJB Landscape Architecture, the landscape firm behind Klyde Warren Park in Dallas. The park will include an event lawn and performance pavilion, playground, promenades and a pond for a total of 20 acres of communal green space. The development team includes master architects Torti Gallas + Partners and CallisonRTKL, with Kimley-Horn providing planning and design engineering services. The Retail Connection will handle leasing for the retail component, and JLL has been appointed to lease the office and medical space. The groundbreaking of Phase I took place in December, and full completion of the project is slated for 2026. The Mix joins a number of large-scale mixed-use developments underway in the Dallas/Fort Worth metroplex, …

December 1, 2022

Acquisitions Office Texas

Morning Calm Management Buys 875,000 SF Office Complex in North Dallas

by Taylor Williams November 30, 2022

DALLAS — Morning Calm Management, an investment and management firm based in South Florida, has purchased Towers at Park Central, an 875,000-square-foot office complex located at the corner of LBJ Freeway and U.S. Highway 75 in North Dallas. Towers at Park Central features a conference facility with training rooms, fitness center, tenant lounge and onsite food options, and the undisclosed seller previously invested more than $7 million in capital improvements during its hold period. Tenants include SCP Health, foodmaker Daisy Brand and insurance company Arthur J. Gallagher. Morning Calm Management has tapped Newmark to lease the complex.

November 30, 2022

Campus-Crossings-on-Marion-Pugh-College-Station

Acquisitions Multifamily Student Housing Texas

Tailwind Group Acquires 628-Bed Student Housing Property Near Texas A&M University

by Taylor Williams November 30, 2022

COLLEGE STATION, TEXAS — Tailwind Group has acquired Campus Crossings on Marion Pugh, a 628-bed student housing property located near Texas A&M University in College Station. The community comprises 30 residential buildings offering a mix of one- and two-bedroom units. Shared amenities include two pools, a clubhouse, business center, dog park, fire pits and barbecue grills, as well as sand volleyball, tennis and basketball courts. The new ownership has plans to rebrand the property and invest in significant capital improvements. Campus Apartments sold the property. Brandon Buell of Berkadia brokered the deal.

November 30, 2022

Acquisitions Industrial Self-Storage Texas

Marcus & Millichap Brokers Sale of 276-Unit Self-Storage Facility in Azle, Texas

by Taylor Williams November 30, 2022

AZLE, TEXAS — Marcus & Millichap has brokered the sale of Azco Center Point Storage, an 276-unit facility in Azle, located northwest of Fort Worth. The facility spans 37,228 net rentable square feet. Danny Cunningham and Brandon Karr of Marcus & Millichap represented the seller, a local investment group, and procured the buyer, a private partnership, in the transaction.

November 30, 2022

Industrial Leasing Activity Texas

SPM Oil & Gas Signs 168,017 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams November 30, 2022

FORT WORTH, TEXAS — Locally based energy firm SPM Oil & Gas has signed a 168,017-square-foot industrial lease renewal at Railhead Industrial Park in Fort Worth. The 633-acre development is located at the corner of Northeast Loop 820 and Blue Mound Road on the city’s north side. George Jennings and Matt Carthey with Holt Lunsford Commercial represented the landlord, James Campbell Co., in the lease negotiations. George Curry of JLL represented the tenant.

November 30, 2022

Anne-Burnett-Marion-School-of-Medicine-TCU

Civic Development Texas

TCU Breaks Ground on 95,000 SF Medical Education Building in Fort Worth

by Taylor Williams November 30, 2022

FORT WORTH, TEXAS — Texas Christian University (TCU) has broken ground on a 95,000-square-foot medical education building in Fort Worth. The Anne Burnett Marion School of Medicine, named after a late area philanthropist, will be located in the Near Southside District and will be able to support 240 students. Project partners include design firms CO Architects and Hoefer Welker, engineering firms Dunaway and SSR Inc. and construction manager Linbeck. Completion is slated for July 2024.

November 30, 2022

Acquisitions Industrial Texas

CBRE Negotiates Sale of 900,000 SF Industrial Complex in Lewisville, Texas

by Taylor Williams November 29, 2022

LEWISVILLE, TEXAS — CBRE has negotiated the sale of Bison Grove Business Park, a 900,000-square-foot industrial complex located in the northern Dallas suburb of Lewisville. The development consists of four buildings on a 62-acre site that were 78 percent leased at the time of sale. Building features include 32-foot clear heights and ESFR sprinkler systems. The buyer, Chicago-based investment and development firm CenterPoint Properties, also plans to add speculative office space. Randy Baird led the transaction for CBRE. The seller was not disclosed.

November 29, 2022

Development Multifamily Texas

Wood Partners Breaks Ground on 330-Unit Multifamily Project in Metro Houston

by Taylor Williams November 29, 2022

CYPRESS, TEXAS — Atlanta-based multifamily developer Wood Partners has broken ground on Alta Cypress Springs, a 330-unit project that will be located on the northwestern outskirts of Houston. Alta Cypress Springs will feature one-, two- and three-bedroom apartments that will be furnished with stainless steel appliances, granite countertops, tile backsplashes and full-size washers and dryers. Amenities will include a pool, fitness center, dog park, business center, clubroom and an outdoor kitchen. Completion is slated for August 2023.

November 29, 2022

Acquisitions Office Texas

Vertical Ventures Acquires 233,110 SF Office Portfolio in Dallas

by Taylor Williams November 29, 2022

DALLAS — California-based investment firm Vertical Ventures has acquired the DFW Financial Services Office Portfolio, a duo of buildings totaling 233,110 square feet in Dallas. The buildings are located at 4950 Amon Carter Blvd. and 14800 Trinity Blvd. in the CentrePort submarket. Mike Hardage, Brooks Creech and Angela Heidman of Transwestern brokered the deal. The seller was not disclosed.

November 29, 2022

Acquisitions Industrial Northmarq Texas

MAG Capital Partners Buys Four Industrial Buildings Totaling 66,680 SF in Lubbock

by Taylor Williams November 29, 2022

LUBBOCK, TEXAS — Fort Worth-based investment firm MAG Capital Partners has purchased a quartet of industrial buildings totaling 66,680 square feet in Lubbock in a sale-leaseback. The undisclosed seller had concurrently purchased the operations of the occupant, Lubbock Electric Co., which will remain onsite. Scott Briggs and David Read of Northmarq brokered the deal.

November 29, 2022

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