Tuesday, July 22, 2025
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Triad-820-Haltom-City
DevelopmentIndustrialTexas

Creation Breaks Ground on 137,000 SF Industrial Project in Haltom City, Texas

by Taylor Williams

HALTOM CITY, TEXAS — Creation, a developer with offices in Dallas and Phoenix, has broken ground on Triad 820, a three-building, 137,000-square-foot industrial project in Haltom City, a northern suburb of Fort Worth The 9-acre site is located along Anderson Road, and the buildings will feature 28-foot clear heights, 125-foot truck court depths, electrical vehicle charging stations and a secured yard. LGE Design Build is handling the architectural and general contracting aspects of the project, with construction scheduled for a fourth-quarter completion. NAI Robert Lynn has been tapped as the leasing agent.

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DevelopmentLoansMultifamilyTexas

David B. Norton Arranges $35.4M in Construction Financing for Multifamily Project Near San Antonio

by Taylor Williams

UNIVERSAL CITY, TEXAS — Capital advisory firm David B. Norton Inc. has arranged $35.4 million in construction financing for a 268-unit multifamily project in Universal City, a northeastern suburb of San Antonio. The development will consist of 10 buildings on a 14-acre site. The financing, which represents about 77 percent of the total project capitalization, includes both debt from an undisclosed regional bank and preferred equity from an undisclosed institutional investor. The name of the developer was also not released.

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Leasing ActivityOfficeTexas

ECR Negotiates 30,884 SF Office Lease in Southeast Austin

by Taylor Williams

AUSTIN, TEXAS — Equitable Commercial Realty (ECR) has negotiated a 30,884-square-foot office lease in southeast Austin. The tenant, Prometheus Security Group Global, will occupy space at Bergstrom Tech Center, a 208,374-square-foot facility that was originally constructed in 1986 for defense contractor Lockheed Martin. ECR represented the landlord, Boyd Watterson Asset Management, in the lease negotiations. Endeavor Real Estate Group represented the tenant.

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IndustrialLeasing ActivityTexas

Coated Metals Group Signs 27,075 SF Industrial Lease in Buda, Texas

by Taylor Williams

BUDA, TEXAS — Coated Metals Group has signed a 27,075-square-foot industrial lease in Buda, a southern suburb of Austin. The manufacturer of prefinished steel products is taking space at Building 7 of Buda Midway, a development whose second phase comprises four buildings totaling 382,000 square feet. Phase II buildings feature 30- to 32-foot clear heights and speculative office space. Leigh Ellis, Blake Patterson and Omar Nasser of AQUILA Commercial represented the landlord, United Properties, in the lease negotiations.

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AcquisitionsIndustrialTexas

Stonepeak Acquires 2.3 MSF Industrial Portfolio Near Port Houston

by Taylor Williams

HOUSTON — Global investment firm Stonepeak, which is headquartered in New York City, has acquired a portfolio of six industrial properties totaling 2.3 million square feet in Houston. The properties, the names and addresses of which were not disclosed, serve tenants in the logistics sector and are all located within eight miles of Port Houston. JLL acted as Stonepeak’s financial advisor in the transaction. The seller and sales price were not disclosed.

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635-Exchange-Dallas
DevelopmentIndustrialTexas

Creation to Develop 600,000 SF Industrial Project in North Dallas

by Taylor Williams

DALLAS — Creation, a developer with offices in Dallas and Phoenix, will build 635 Exchange, a three-building, 600,000-square-foot industrial project in North Dallas. The 36-acre site at the intersection of Interstates 35E and 635 formerly housed a City of Dallas landfill, and the new buildings will feature 32- to 36-foot clear heights. LGE Design Build is handling the architectural and general contracting aspects of the project, with construction scheduled to begin over the summer. Stream Realty Partners has been tapped as the leasing agent.

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Infinity-on-Yorktown-Dallas
AcquisitionsLoansMultifamilyTexas

ShainRealty Capital Buys Dallas Apartment Complex for $39.5M

by Taylor Williams

DALLAS — Los Angeles-based investment firm ShainRealty Capital has purchased Yorktown Luxury Apartments, a 226-unit complex located in the Kessler Park area of Dallas, for $39.5 million. Built in 2016, the property offers studio, one-, two- and three-bedroom units and amenities such as a pool, lounge and outdoor grilling and dining stations. Eric Calub, Caleb Jones and Paul Harris of Berkadia brokered the sale. The seller was Nuveen Real Estate. Arbor Realty Trust provided a $27.6 million CMBS acquisition loan to ShainRealty Capital that was structured with a five-year term, fixed interest rate of 5.88 percent and a 70 percent loan-to-value ratio. The new ownership will make capital improvements and has rebranded the property as Infinity on Yorktown.

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AcquisitionsRetailTexas

CBRE Brokers Sale of 189,334 SF Shopping Center in Webster, Texas

by Taylor Williams

WEBSTER, TEXAS — CBRE has brokered the sale of Baybrook Passage, a 189,334-square-foot shopping center in Webster, a southeastern suburb of Houston. Best Buy and Staples anchor the center, which was built in 2003 and was 97 percent leased at the time of sale. Other tenants include Boot Barn, Skechers and healthcare provider Memorial Hermann. Mark Witcher, Jolie Duhon, Chris Cozby, Jim Batjer and Harrison Tye of CBRE represented the seller, Gulf Coast Commercial Group, in the transaction. The local buyer, SLS Properties, was self-represented.

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IndustrialLeasing ActivityTexas

Cintas Corp. Signs 32,880 SF Industrial Lease in Buda, Texas

by Taylor Williams

BUDA, TEXAS — Cintas Corp. has signed a 32,880-square-foot industrial lease in Buda, a southern suburb of Austin. The Ohio-based provider of uniforms and cleaning supplies is taking space at Building 6 of Buda Midway, a development whose second phase comprises four buildings totaling 382,000 square feet. Phase II buildings feature 30- to 32-foot clear heights and speculative office space. Leigh Ellis, Blake Patterson and Omar Nasser of AQUILA Commercial represented the landlord, United Properties, in the lease negotiations.

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Belt-&-Main-Richardson
LoansMultifamilyTexas

Affinius Capital Provides $81.3M Loan for Refinancing of Metro Dallas Apartment Community

by Taylor Williams

RICHARDSON, TEXAS — Affinius Capital has provided an $81.3 million loan for the refinancing of Belt & Main, a 350-unit apartment community located in the northeastern Dallas suburb of Richardson. Belt & Main houses 269 one-bedroom residences and 81 two-bedroom apartments, as well as 17,000 square feet of retail space. Units feature quartz countertops, wood-style flooring, stainless steel appliances, custom cabinetry, floor-to-ceiling windows and full-size washers and dryers. Select units also offer patios and balconies. Amenities include a pool, grilling stations with open-air dining areas, coffee and coworking spaces with Wi-Fi connectivity, onsite storage units and a fitness center.  Jeremy Sain of JLL arranged the loan on behalf of the borrower, Catalyst Urban Development.

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