RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs – (Realty News Report) – HOUSTON – United Steel Structures, a provider of industrial construction, engineering, and acoustic solutions for the oil and gas, power generation, and heavy industrial sectors, leased 11,752 SF at 1401 Enclave Parkway in the Energy Corridor. Dan Boyles at Partners Real Estate represented United Steel in the relocation. Paul Frazier and Chrissy Wilson with JLL represented the landlord, FCA Fund Houston I, LLC.

PEARLAND, Texas – Fondren Orthopedic Group acquired the 13,600-SF retail property at 11713 Shadow Creek Parkway in Pearland to support its expansion and operational needs in the greater Houston market. Marc Peeler and Peyton Nichols of Partners Real Estate represented the seller.

CYPRESS, Texas – Nan & Company Properties has opened an office in Cypress office, the brokerage’s fifth in the Houston area. Led by Jenny Correa and The Jenny Correa Team, the new office reflects increasing demand for luxury and residential real estate services in Cypress.

KATY, Texas – Fogelman Properties has acquired the 301-unit Inkwell Greenhouse apartments at 2218 Greenhouse Road in Katy. The deal represents Fogelman’s sixth acquisition in the Houston market since 2022. Built in 2018, Inkwell offers one, two and three-bedroom units with rents starting at $1,253. The property is 91% occupied and managed by Fogelman, which plans a comprehensive rebrand and other improvements. Fogelman is a multifamily investment and property management company based in Memphis.

HOUSTON – SRS Real Estate Partners brokered the $12.5 million sale of an EoS Fitness property at 17990 W. Lake Houston Parkway in Atascocita. Patrick Luther and Matthew Mousavi represented the seller, an East Coast-based developer, as well as the buyer, a Midwest-based private investor. Built in 2024 and situated on 4.6 acres, the 42,000-SF property has a new 15-year corporate guaranteed triple net lease in place.

Texas

RALEIGH, N.C. — Cline, an architecture, interior design, and landscape architecture firm based in Raleigh, N.C., has joined forces with Austin-based architecture and interiors firm Mark Odom Studio. The strategic expansion strengthens Cline’s operations in Raleigh and Charlotte, while extending its services into Texas. Mark Odom Studio, led by principals Mark Odom, AIA, and Jed Duhon, AIA, is known for its architecture and interior projects across commercial, mixed-use, multifamily, residential, and adaptive reuse. Odom and Duhon will continue to lead day-to-day operations in Austin.

DALLAS – Crescent Real Estate, through its investment vehicle GP Invitation Fund IV, LP, has acquired 2100 McKinney, a 350,000-SF, Class A office tower in Uptown Dallas. Eastdil Secured advised the seller. Crescent Real Estate is a Fort Worth-based real estate operating company and investment advisor founded by Chairman John C. Goff.

NEW BRAUNFELS, Texas – SRS Real Estate Partners has completed the sale of Gruene Heights, a fully occupied, 25,767-SF retail center on FM 306 in New Braunfels. Built in 2024, the property has seven tenants including Papa Johns, Garcia’s Mexican Food Restaurant, Chicken Salad Chick, and River Smiles Dentistry. Cathy Nabours, Kyle Shaffer, and Sam Nichols of SRS Capital Markets represented the seller, a San Antonio-based developer. The buyer was a Houston-based investor.

DALLAS – Drexel Realty Partners has leased 2,429 SF of office space in Uptown Tower, 4144 N. Central Expressway, Dallas, from Bradford UPT Partners LLC. Richmond Collinsworth and Erik Blais of Bradford Commercial Real Estate Services represented the landlord. Tyler Grisham of DRP RE LLC represented the tenant. Bradford UPT Partners LLC, an affiliate of Bradford Cos., purchased the 12-story building out of bankruptcy last summer from a private REIT.

GIDDINGS, Texas – Partners Real Estate arranged the sale of the 500-unit Giddings Self Storage in Giddings. The buyer was an out-of-state investor completing a 1031 exchange. Scott Lunine, Ryan DeGennaro, and Blake Baldocchi, represented the seller.

IRVING, Texas – Partners Real Estate brokered the sale of the 111-unit Embassy Apartments in Irving. The deal was led by Preston Browne and Scott Lunine of Partners Real Estate. The transaction closed at $125,000 per unit, significantly exceeding the seller’s prior pricing of the property at $95,000 per unit.

RED OAK, Texas – Cushman & Wakefield arranged the sale of a single-tenant net leased automotive service property at 134 East Ovilla Road in Red Oak. Shane Carter and Chris Hollenbeck represented the seller, Atlas Capital Partners. The property was acquired by AZNYREDOAK, LLC. The 4,092-SF building is leased to Grease Monkey International operating as Kwik Kar) under an absolute NNN lease structure with no landlord responsibilities.

The Modern Austin Residences condos under development in downtown Austin — The Modern Austin Residences in downtown Austin. Photo: courtesy JLL Capital Markets

AUSTIN – JLL Capital Markets has secured financing to recapitalize the existing construction loan for The Modern Austin Residences, a 56-story condominium development in downtown Austin. JLL’s Doug Opalka represented the borrower, Urbanspace Development, in securing financing for the 319-unit mixed-use project through a JV between Peregren Capital Group and Koch Real Estate Investments in coordination with senior-note-on-note financing from Axos Bank. Completed in 2025, the Rainey Street District property at 610 Davis St. offers floor plans spanning 600 SF to over 6,000 SF for five-bedroom penthouses. The design architect was Nelsen Partners, with Page serving as the architect of record and Flintco as general contractor.

AUSTIN – Austin-based OHT Partners has broken ground on The Martin, a 375-unit apartment property at 2730 E. 7th Street adjacent to the 15-acre Zaragoza Park. The development is privately capitalized through family, friends, and closest investors. Completion is planned in the fall of 2028. Units will range from 550 SF to 1,440 SF. Of the 375 units, 37 will be Affordable for households with incomes that are 50% of MFI (median family income) or less. The project team includes OHT Partners as general contractor, Omniplan as architect, and KW Landscape Architects.

DALLAS – Leap Applied Behavioral Services leased 11,196 SF of flex warehouse space at 5510–5520 South Westmoreland Road in Dallas. The transaction, handled by Jason Gibbons of Finial Group, brings the Finial-owned project to full occupancy. Leap Applied Behavioral Services is a regional provider of individualized behavioral health services, offering therapy and support to children with autism and related needs.

DALLAS – Shepherd’s, a made-to-measure men’s tailoring brand, is opening a Dallas location at 5622 Bell Ave. in Lower Greenville. Founded in 2023 by Kansas City Chiefs kicker Harrison Butker, along with Chris Cottrell, Nathan Price, and Austin Wright, Shepherd’s plans to expand to multiple cities over the next few years, starting in Dallas.

AUSTIN – Virga Capital, a Bozeman, Mont.–based real estate investment and development firm, has acquired The Beacon at Pfluger Farm, a 258-unit Class A apartment community in Pflugerville. The property will be managed by Valiant Residential.

GEORGETOWN, Texas – Machine Investment Group (MIG), a real estate investment platform focused on opportunistic, distressed, and special situations across the U.S., announced the off-market acquisition of Rise 120, a newly built property consisting of 227 multifamily units and 15,000 SF of retail in Georgetown. MIG completed the acquisition in partnership with Alta Real Estate Partners. Walker & Dunlop represented the seller.

MANOR, Texas – Bojangles, a Southern style restaurant founded in Charlotte, N.C. in 1977, entered the Austin market with a new location at 12432 State School Rd. in Manor. The chain has more than 850 locations in 21 states.

FARMERS BRANCH, Texas – Hanjung America Co. leased 12,978 SF in Westwood Business Park, 1801 Royal Lane, Farmers Branch, from PRE Westwood LLC. Kyle Espie of Bradford Commercial Real Estate Services represented the landlord. Eddie Yoo of Landmark Realty Group represented the tenant.

FORT WORTH – B&A Parts Direct leased 8,100 SF in Blue Smoke Industrial Park, 2402 Blue Smoke Court S., Fort Worth, from WMGSA Blue Smoke LLC. Cade Navarro of Bradford Commercial Real Estate Services represented the landlord. Schaefer Amos of Lee & Associates DFW represented the tenant.

Nation

CHICAGO – Transwestern Real Estate Services will relocate its Chicago office to 123 N. Wacker Drive this fall, signing a 35,000-SF lease for the 30-story tower’s top three floors. The firm, which also has an office in Rosemont, is departing its 200 W. Madison St. location after nearly 20 years. Transwestern’s Agency Leasing team, led by Executive Vice President Eric Myers, will partner with Sterling Bay in representing office leasing at 123 N. Wacker Drive. Larry Serota of Transwestern represented his firm in the lease. Russ Cora and Austin Lusson of Sterling Bay represented the landlord.

ATLANTA – Portman, a full-service real estate investment, development and management firm, executed over $680 million in hospitality financing activity in 2025 across acquisitions, refinancing and loan modifications. Among the activity was a $237.5 million refinancing of the 700-key Hyatt Regency Salt Lake City, which opened in 2022. The original construction loan was refinanced with a SASB CMBS loan while maintaining the existing CPACE loan from the original financing. Last summer, Portman completed its first hotel acquisition with the purchase of the 456-key Westin Cincinnati.

CHINO, Calif. – Brixmor Property Group has acquired Chino Spectrum Towne Center, a 461,269-SF H Mart-anchored power center in Chino, Calif. Jimmy Slusher, Preston Fetrow, James Tyrrell, Mark Damiani, and Shaya Northrup of CBRE’s National Retail Partners – West represented the seller, MetLife Investment Management. The center, located at 3801–4097 Grand Ave., is 95% leased with tenants newly opened H Mart, Kohl’s, Five Below, Best Buy, and Nordstrom Rack.

“We are excited to advance our external growth strategy with the addition of two vibrant grocery-anchored assets in high-barrier-to-entry markets that offer compelling, accretive opportunities for long-term growth and value creation. These strategic acquisitions continue our clustering strategy by further strengthening our presence in suburban Denver and Southern California,” said Mark T. Horgan, Brixmor’s chief investment officer. “Building on the momentum from 2025, we are excited to continue pursuing similar value-add opportunities to put our operating platform to work in the year ahead.”

SPARKS, Nev. – Dallas-based Westmount Realty Capital has acquired the Lillard Drive Industrial portfolio, a three-building, Class A industrial portfolio totaling 809,138 SF in Sparks, Nev. Located on Lillard Drive, the portfolio is 90% leased to a strong roster of international and regional logistics and supply chain tenants.

FRANKLIN, Tenn. – Embrey, a vertically integrated real estate investment company based in San Antonio, has acquired six acres for Phases II and III of Aureum, a multifamily development within SouthStar’s 22-acre Aureum mixed-use master plan in the Cool Springs Market of Franklin, Tenn. The two phases are planned to deliver 604 units across two sites near Carothers Parkway and East McEwen Drive, adjacent to Interstate 65. Phase II is expected to total 281,000 SF. The projects represent Embrey’s fifth and sixth multifamily developments in Franklin and its 13th and 14th projects in Tennessee. Embrey began construction on Phase I, Thatcher at Aureum, in late 2025.

ATLANTA – Axis Partners, a real estate investment platform headquartered in Atlanta, in partnership with Sweetwater Holdings, announced the $111 million sale of an 85-acre portfolio comprised of 22 industrial outdoor storage facilities located primarily throughout the Sunbelt region of the U.S. The portfolio was sold to Realterm. Eastdil Secured represented the seller.

Feature Photo Caption: Fogelman Properties has acquired Inkwell Greenhouse in Katy.

Feature Photo credit: Fogelman Properties