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HALL-Park-Hotel-Frisco
DevelopmentHospitalityTexas

HALL Group Opens 224-Room Hotel at Flagship Campus in Frisco

by Taylor Williams

FRISCO, TEXAS — HALL Group has opened a 224-room hotel at HALL Park, the locally based firm’s flagship campus in Frisco that is currently in the midst of a $7 billion redevelopment. The hotel, which is operated under Marriott’s Autograph Collection family of brands, features 164 traditional guestrooms and 60 suites. Amenities include a rooftop pool and bar, fitness center, restaurant and lounge, 4,000-square-foot ballroom, patio overlooking Kaleidoscope Park and a “sanctuary” space that was crafted by B2 Design Co. Construction of the hotel began in 2022.

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LoansMultifamilyStudent HousingTexas

Tremont Realty Capital Provides $31.2M Acquisition Loan for Central Texas Student Housing Property

by Taylor Williams

SAN MARCOS, TEXAS — Tremont Realty Capital, a division of Boston-based investment firm RMR Group, has provided a $31.2 million bridge loan for the acquisition of The Lodge, a 696-bed student housing property in the Central Texas city of San Marcos. The 258-unit community serves students at nearby Texas State University. The Lodge offers one-, two-, three- and four-bedroom units and amenities such as a pool, fitness center, basketball and volleyball courts, outdoor grilling and dining stations, game room and a cybercafé. Walker & Dunlop arranged the floating-rate loan through Tremont on behalf of the sponsor, Palladius Capital Management.

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AcquisitionsIndustrialTexas

Cushman & Wakefield Arranges Sale of 145,000 SF Industrial Building in Denton, Texas

by Taylor Williams

DENTON, TEXAS — Cushman & Wakefield has arranged the sale of Granite Point Business Center, a 145,000-square-foot industrial building located in the North Texas city of Denton. The building, which was completed in 2006 and features 24-foot clear heights, was fully leased to four tenants at the time of sale. Jim Carpenter, Jud Clements, Robby Rieke and Trevor Berry of Cushman & Wakefield represented the seller, Boston-based TA Realty, in the transaction. The buyer was High Street Logistics Properties.

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AcquisitionsMultifamilyTexas

Marcus & Millichap Brokers Sale of 66-Unit Apartment Building in Southwest Dallas

by Taylor Williams

DALLAS — Marcus & Millichap has brokered the sale of Agave Azul on Boulder Apartments, a 66-unit building in southwest Dallas. The building was constructed in 1965 and has been extensively renovated over the past several years. Units predominantly feature two- and three-bedroom floor plans and have an average size of 950 square feet. Ford Braly, Al Silva and Dylan York of Marcus & Millichap represented the seller and procured the buyer in the transaction. Both parties were locally based investment groups that requested anonymity.

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IndustrialLeasing ActivityTexas

CleanSky Energy Signs 20,196 SF Office Lease Renewal in Houston

by Taylor Williams

HOUSTON — Renewable energy provider CleanSky Energy has signed a 20,196-square-foot office lease renewal in the Greenway/Upper Kirby area of Houston. The space spans an entire floor within the 12-story, 236,932-square-foot building at 3355 W. Alabama St. Chris Nash and Rob Johnson of Hughes Marino represented the tenant in the lease negotiations. Jon Dutton and Andrew Elliott represented the landlord, Granite Properties, on an internal basis.

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AcquisitionsIndustrialTexas

MAG Capital Partners Acquires 360,000 SF Industrial Facility in Weslaco, Texas

by Taylor Williams

WESLACO, TEXAS — MAG Capital Partners has acquired a 360,000-square-foot industrial facility in the Rio Grande Valley city of Weslaco. MAG Capital Partners acquired the properties at 2300 Sugar Sweet Ave. and 501 S. Pleasantview Drive, which total 23 acres, via a sale-leaseback with locally based freight operator Commodities Integrated Logistics. The sales price was not disclosed.

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AcquisitionsRetailTexas

Cushman & Wakefield Negotiates Sale of 86,766 SF Shopping Center in Arlington

by Taylor Williams

ARLINGTON, TEXAS — Cushman & Wakefield has negotiated the sale of Cooper Oaks Crossing, a 86,766-square-foot shopping center in Arlington. The center sits on an 11-acre site and was 96 percent leased at the time of sale to tenants such as Planet Fitness and Red White & Blue Thrift Store. Kris Von Hohn of Cushman & Wakefield represented the seller, Houston-based Serac Capital Partners, in the transaction. The buyer was an entity doing business as Ledbetter Holdings LLC.

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Leasing ActivityOfficeTexas

Jackson Walker LLP Signs 26,016 SF Office Lease Expansion, Extension in Dallas Arts District

by Taylor Williams

DALLAS — Jackson Walker LLP has signed a 26,016-square-foot office lease expansion and extension at KPMG Plaza in the Dallas Arts District. The deal brings the law firm’s footprint within the property, where it has been an anchor tenant since 2015, to 147,915 square feet across six floors. Matt Wieser, J.J. Leonard and Marissa Parkin of Stream Realty Partners represented the undisclosed landlord in the lease negotiations. Phil Puckett and Jeff Ellerman (who now works at Stream Realty) of CBRE represented Jackson Walker.

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IndustrialLeasing ActivityTexas

Holt Lunsford Negotiates 25,400 SF Industrial Lease Renewal in Fort Worth

by Taylor Williams

FORT WORTH, TEXAS — Holt Lunsford Commercial has negotiated a 25,400-square-foot industrial lease renewal in Fort Worth. The tenant, The Rios Group, which provides utilities engineering and consulting services, will remain a tenant at the 32-building, 1.4 million-square-foot Riverbend Business Park. Grayson Fleitz and George Jennings of Holt Lunsford represented the landlord, Riverbend Properties, in the lease negotiations. The tenant was self-represented.

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AcquisitionsRetailTexas

STRIVE Arranges Sale of 17,112 SF Retail Strip Center in Mansfield, Texas

by Taylor Williams

MANSFIELD, TEXAS — Locally based brokerage firm STRIVE has arranged the sale of  Village at Broad II, a 17,112-square-foot retail strip center in Mansfield, a southern suburb of Fort Worth. The center was fully leased at the time of sale to tenants such as The Mill breakfast restaurant, TeaLatte Bar, SugaringNYC and fitness concept F45 Training. Hudson Lambert of STRIVE represented the locally based seller and procured the Nebraska-based buyer in the transaction. Both parties requested anonymity.

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