HOUSTON — Midway has completed the renovation of The Moran, a 244-unit hotel located within the local developer’s CITYCENTRE mixed-use destination in West Houston. As part of the renovation, all guestrooms received furnishing, bedding, lighting and technology upgrades. In addition, the development team upgraded the hotel’s meeting and event spaces, as well as the lobby and front entrance areas, and introduced multiple new food-and-beverage concepts.
BAYTOWN, TEXAS — Marcus & Millichap has brokered the sale of a 6.1-acre industrial outdoor storage facility (IOS) in the eastern Houston suburb of Baytown. The building at 12825 Upland Way was completed in 2021 and was fully leased at the time of sale to EquipmentShare, a provider of construction solutions. Peter Bauman and Tivon Moffitt of Marcus & Millichap represented the seller, a REIT, in the deal. Nick Geaneotes and Derrick Dougherty of Marcus & Millichap procured the New York-based buyer. Both parties requested anonymity. Stephen Fillipo of Marcus & Millichap Capital Corp. arranged acquisition financing for the deal through a national credit union.
FRISCO, TEXAS — Veritex Community Bank will open a new office and retail branch in Frisco. The building will span 40,000 square feet, and Veritex will occupy the ground floor, while the remainder of the space will be leased to other tenants. Amenities will include a golf simulator and putting areas, a nod to the building’s proximity to the PGA of America’s headquarters campus. The building will also house a boardroom and training areas. Locally based firm Cawley Partners is leading development of the project. The general contractor, Scott + Reid, plans to begin construction before the end of the month. Completion is slated for early 2026.
LEWISVILLE, TEXAS — Affinius Capital has provided a $34 million loan for the refinancing of Main & Mill, a 203-unit apartment complex located in the northern Dallas suburb of Lewisville. Main & Mill houses 143 one-bedroom and 60 two-bedroom units, as well as 6,400 square feet of retail space. Residences are furnished with quartz countertops, stainless steel appliances, walk-in closets and full-size washers and dryers. Select units offer private patios and balconies. Amenities include a pool, fitness center, community kitchen, coworking space and outdoor courtyards. Lauren Kaufman of JLL arranged the loan on behalf of the owner, AMAC Development.
HICKORY CREEK, TEXAS — Leon Multifamily Group, a division of Dallas-based Leon Capital Group, has completed Lakesound, a 360-unit apartment development in Hickory Creek, located north of the metroplex in Denton County. Lakesound offers studio, one-, two- and three-bedroom units that are furnished with stainless steel appliances, granite countertops, walk-in closets, individual washers and dryers and private patios/balconies. The amenity package comprises a pool, fitness center, clubroom and lounge, walking trails, work pods and outdoor grilling and dining stations. The first units are now available for occupancy, and rents start at $1,400 per month for a studio apartment.
DALLAS — Three tenants — Legacy Knight, Commit Consulting and Mitsui Fudosan America — have signed office leases at Maple Terrace, a mixed-use development in Uptown Dallas. The square footages were not disclosed. Maple Terrace features a 157,000-square-foot office building, a 22-story apartment building and retail and restaurant space. Matt Schendle and Carrie Halbrooks of Cushman & Wakefield represented the landlord, Mitsui Fudosan, which owns Maple Terrace in partnership with McNair Interests and Hines, in the lease negotiations. Grant Henson and Ryan Collier of Rockcap Co. represented Legacy Knight. Jakey Younger of Citadel Partners represented Commit Consulting.
LAREDO, TEXAS — Houston-based investment firm Triten Real Estate Partners has purchased a 30,462-square-foot industrial building in the Rio Grande Valley city of Laredo. The site at 12125 Jef Drive spans 9.6 acres within Killiam Industrial Park and offers proximity to the World Trade Bridge and I-35. Triten acquired the building via a sale-leaseback with an undisclosed owner-occupier.
ARLINGTON, TEXAS — Weitzman has negotiated a 9,122-square-foot restaurant lease in Arlington. The Original Roy Hutchins Barbeque will occupy the space at 1600 E. Copeland Road, a freestanding building that is located in the city’s entertainment district. Gretchen Miller of Weitzman represented the undisclosed landlord in the lease negotiations. Jordan Cluff and Turner Hosch of DuWest Realty represented the tenant.
HOUSTON — The James Campbell Co., a Hawaii-based investment firm, has acquired Beltway Crossing Northwest, a 663,882-square-foot industrial park in northwest Houston. The development comprises three buildings that were fully leased at the time of sale, as well as a 7.4-acre parcel that can support about 150,000 square feet of additional development. Buildings range in size from 67,200 to 441,000 square feet and feature 24- to 32-foot clear heights. The seller and sales price were not disclosed.
LAREDO, TEXAS — A partnership between industrial investment firm Axis and Silicon Valley-based Menlo Equities has broken ground on a 213,781-square-foot project in the Rio Grande Valley city of Laredo. The building will feature 32-foot clear heights, 87 dock-high doors, two drive-in ramps, 130-foot truck court depths and 354 truck trailer stalls. The site also houses 12 acres of undeveloped land for additional trailer parking or outdoor storage. Lee & Associates is leasing the project, which is slated for a third-quarter completion.
