RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs – (Realty News Report) – THE WOODLANDS, Texas – Colonnade of The Woodlands, a 42,030-SF neighborhood retail center, recently sold to SJBC XXIII, LLC, a private investment group assembled by Jeff Beard and Marshall Davidson of The J. Beard Real Estate Company. Colonnade of The Woodlands is located on F.M. 2978 has tenants including Gringo’s Mexican Kitchen and School of Rock. The sellers were represented by Micha van Marcke and Chace Henke of Edge Capital Markets. John Fenoglio and Brock Hudson of CBRE Capital Markets arranged financing. SVN J. Beard Real Estate will lease and manage the center.

LEAGUE CITY, Texas — Forestar has acquired 29.7 acres of entitled land along Davis Road near Marina Bay Drive in League City for the development of a community of 90 single-family homes. Chris Hutcheson, Harrison Kane, and James Kadlick of Colliers represented the seller. The land is within Clear Creek ISD. Forestar is a majority-owned subsidiary of D.R. Horton.

HOUSTON — 1740 Elmview, LLC purchased a multi-tenant light industrial property on 0.7-acres at 1740 Elmview in Houston. The 13,750-SF project is 82% leased. Greg Shaw with Shaw Commercial Properties represented the seller, Clarence R. Johnston, Jr. Hunter Brown and Nelson Ellis with Brown & Co. Realty represented the buyer.

MONTGOMERY, Texas – Newcor Commercial Real Estate’s David Alexander and Josh Cheatham represented the buyer Ken Milstead of Milstead PC Investments of 22 acres in Montgomery. Grant Wisenbaker of Stream Realty represented the seller.

HOUSTON —Intertec Instrumentation leased a 20,200-SF single-tenant industrial warehouse at 11050 West Little York Road, Building J, in Houston. Christian Villarreal and Jack Gaffney of Finial Group represented the tenant.

Texas

AUSTIN — JLL announced 75,000 SF of leases at Victory Plaza, bringing the new three-story office building in north Austin to over 80% leased. New tenants include Industrious (18,653 SF, the coworking company’s sixth Austin location); Everly Health, a digital healthcare company (relocating to the entire top floor); Exacta Systems, a gaming and entertainment technology company (15,908 SF); RealWork, a software firm (11,684 SF); Rand Construction (8,367 SF); and Key Travel Concierge, (3,717 SF). JLL’s Brent Powdrill, Bethany Perez and Colton McCasland are handling leasing. Located in the walkable Burnet neighborhood, Victory Plaza features outdoor workspaces and a 100-year-old oak tree.

AUSTIN — Houston-based Whitestone REIT, an owner and operator of shopping centers in Texas and Arizona, announced new tenants at Davenport Village in Austin. The center, 3801 North Capital of Texas Highway near several high-tech companies., serves the upscale neighborhoods of Davenport zaRanch, Westlake, Rob Roy, and Barton Creek. Starbucks Reserve will open a 3,274-SF shop this summer, offering information on coffee roasting and featuring murals by local artists. Pvolve will open a 3,126-SF fitness studio by the spring. RVE Fitness, a luxury fitness brand, will open a 7,815-SF wellness center and gym in the fall. It will be operated by franchisees and Austin-based attorneys Esteban Sandoval and Adam Mata. CUBExec will offer executive suites in the first quarter of 2026.

PLANO, Texas — Vulcan Machine Werks Inc. has leased 7,663 SF of flex space at 2600 Technology Drive, Plano, from Kennington Technology Ltd. Brian Pafford, executive vice president and managing partner of Bradford Commercial Real Estate Services, and Jared Laake, senior vice president, represented the landlord. Greg Fail of McNeff Commercial Real Estate represented the tenant.

AUBREY, Texas — SPI Advisory, a multifamily investment firm with offices in Dallas and Austin, announced the acquisition of Encore 380 Apartments, a 416-unit garden-style apartment complex the suburb of Aubrey. The deal markets SPI’s 50th investment in the Dallas-Fort Worth metroplex since its inception in 2014. The property, formerly known as Century 380 Apartments, was acquired as an individual asset from a larger portfolio sale. Eastdil Secured represented the seller. SPI Advisory’s portfolio now encompasses 8,000 units across Texas, including over 4,250 in the D-FW region.

COLLEGE STATION, Texas — Pinecrest Developers announced the groundbreaking of The Penny on College Main, a 605-bed luxury student community at 415 College Main St. near Texas A&M University. The community will residences ranging from studio units to five-bedroom townhomes, all with full kitchens and private bathrooms. Planned amenities include a resort-style pool, pickleball court, fitness center, EV charging stations, water bottle filling stations, and a community recycling program. Opening is planned for the 2027-2028 school year.

PFLUGERVILLE, Texas — Chicken Salad Chick announced the upcoming opening of its 37th restaurant in Texas. The quick-service restaurant will open at 18900 Limestone Commercial Drive in Pflugerville on March 25.

National

CANTON, Georgia – Miami-based Atlantic Pacific Companies, via its Blue Atlantic Partners affiliate, announced the acquisition of the 212-unit Canterbury Ridge Apartments in Canton, Ga. The property, which will be renamed The Atlantic Canton Ridge, expands Atlantic Pacific’s Georgia portfolio to 19 properties, totaling over 4,500 units.

Etc.

RICHARDSON, Texas – CBRE is assisting the City of Richardson in seeking a private development partner to develop a transit-oriented, mixed-use development at Dallas Area Rapid Transit (DART)’s 14.47-acre Arapaho Center Station at 200 Woodall Drive in Richardson. The station, located between US Highway 75, Interstate 635, and President George Bush Turnpike, is a key gateway to the Richardson Innovation Quarter, a 1,200-acre innovation and technology hub with over 19,000 workers and more than 1,000 businesses.

The Arapaho Center Station project “will offer dynamic, multi-modal connectivity and serves as a model for other communities seeking to integrate transportation, high-tech jobs, and vibrant live-work spaces in a single, cohesive development,” said Richardson City Manager Don Magner. CBRE’s Josh White and Renee Castillo along with Peter Jansen of CBRE’s Public Institutions and Education Solutions are representing Richardson in efforts to solicit, negotiate and engage a developer.

NEW YORK — Flatiron Realty Capital, a private equity firm specializing in real estate lending, announced the closing of $1 billion in new credit facilities to support the growth and financing of luxury single-family homes across the United States. The company, led by founding partners Robert Talas, Michael Ostad and Edward Ostad, will provide capital for brokers, mortgage loan originators, and luxury homebuilders. Flatiron is expanding its real estate lending portfolio across key U.S. markets, including New York, New Jersey, Connecticut, Pennsylvania, Florida, Texas, California, Arizona, and Colorado.

LAS VEGAS, Nevada —Lee & Associates announced the opening of a Las Vegas office at 8708 Spanish Ridge Avenue. Led by John Sharpe as president, the office will specialize in industrial owner/tenant representation, investment sales, and land sales, with plans to recruit teams to grow their capabilities in office, retail, and multifamily. The founding team includes Principals Danielle Steffen and Geoffrey West. April Wesley serves as office manager.

GRAND CAYMAN — Nan and Company Properties has been named the exclusive Texas sales and marketing partner for Mandarin Oriental Residences, a development in Grand Cayman by partners Melkonian Capital Management and RAL Development Services. With residences starting at $6 million, the project broke ground in February on 70 acres of tropical forest at St. James Point on the island’s southernmost tip. Offerings include The Beach House, with 20 residences situated atop the 91-key ultra-luxury resort, and Ocean House Residences, with 22 residences within a private residential building. Nan and Company is collaborating with Houston-based luxury real estate development, sales, and marketing firm Skylla Group.

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