RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs – (Realty News Report) – HOUSTON – Transwestern announced the completion of Imperial Crossing, a two-building, 321,104-SF Class A industrial development at Richey Road and Imperial Valley Drive in north Houston. Building 1 totals 242,603 SF with a cross-dock configuration, 36-foot clear heights and 30-foot glass storefront entries. Building 2 offers 78,501 SF with a front-load design and 32-foot clear heights. Transwestern’s Brian Gammill, Darryl Noon, and Craig Bean are providing leasing services for the project.

HOUSTON – Brandon Brown of Marcus & Millichap Capital Corp. arranged a $54 million HUD refinance for Lakeview at Westpark, a 298-unit apartment complex at 18313 FM 1093 in Richmond on behalf of Rockstar Capital. Financing was through KeyBank at a fixed rate of 5.3% with 35 years of amortization. The property was built in 2021 and acquired the following year by Rockstar Capital, owns and manages 23 multifamily properties totaling 4,567 units in Texas.

The resident lounge at the new Boardwalk Square apartments in Katy. — The resident lounge at Boardwalk Square includes multiple gathering spaces, televisions and a gourmet coffee bar. Hugh Hargrave courtesy photo.

KATY – Houston-based developer Sueba USA has opened Boardwalk Square, a 353-unit mid-rise apartment community at Kingsland Blvd. and Katy Fort Bend Road in Katy. Located near Katy Mills Mall, units range from 496 SF to 2,088 SF. Amenities include a leisure and lap pool with tanning ledges and poolside cabanas, a Paw Spa, courtyards, an athletic club with interactive cardio equipment, a recovery room with a dry sauna and cold plunge, a co-working lounge, business conference center with catering kitchen, and resident lounge with TVs and a gourmet coffee bar. Boardwalk Square was designed by Sueba Consulting Inc., with construction services provided by SCS 221 Series, both affiliates of Sueba USA. Southhampton Management, an affiliate of Sueba, will manage the property.

HOUSTON – Palladium USA held a grand opening for Palladium Park Row Katy Living, a $33 million, 93-unit apartment complex at 19250 Park Row in western Harris County. The three-story community has 58 income-restricted affordable units for households earning between 30% and 80% of the Area Median Income and 35 market-rate units. The property is a public-private partnership with the Harris County Housing Finance Corp. and is supported by funding from Harris County, the Texas Department of Housing and Community Affairs, and PNC Bank.

HOUSTON – Closets by Design of Houston South renewed a 10,542-SF lease at 12603 Executive Drive, Stafford. Paul Viers and DJ Hale of Oxford Partners represented the tenant. The landlord, TX 12613-12603 Executive (DE) LLC, was represented by Natalie Gilbert of Stream Realty.

TOMBALL – Dick’s Sporting Goods, Ross Dress for Less, and Petco have leased 60,425 SF, 22,000 SF, and 12,500 SF of retail space, respectively, in The Grand at 249, a development of NewQuest at the Grand Parkway and TX 249/Tomball Parkway in Tomball. Lindsey McKeen and Matt Reed of Shop Cos. represented the tenants. Additionally, Dollar Tree, represented by Christie Amezquita of Shop Cos., leased 10,000 SF. Milano Nails, represented by Greg Stackhouse of New Regional Planning, leased 5,012 SF. Andrew Alvis and David Meyers of NewQuest represented the landlord in all the deals.

Texas

Newmark arranged the sale and acquisition financing of The Towers at Williams Square in Las Colinas. Newmark courtesy photo.

DALLAS – A joint venture between Vanderbilt Office Properties, Hillwood, and TriPost Capital Partners acquired The Towers at Williams Square, a four-building office campus totaling 1.4 million SF in the Las Colinas Urban Center in Irving. Newmark’s Chris Murphy, Gary Carr, Robert Hill, and Austin Sheahan represented the seller. Andrew Porteous, Clint Frease, Chris McColpin, and Josh Francis of Newmark arranged acquisition financing. The 76%-leased campus recently completed $25 million in renovations across lobbies, tenant amenities and shared spaces.

FORT WORTH – Constellation Real Estate Partners acquired 44 acres at 5933 South Freeway in Fort Worth for the development of Constellation Summit 35, a 492,624-SF cross-dock speculative industrial building. Construction will start in May 2026 with completion scheduled for Q3 2027. The project will feature 40-foot clear height, 296 car parking spaces, 194 trailer parking spaces, and freeway frontage with immediate access to I-35 and I-20. Nathan Lawrence, Whit Maddox, Krista Raymond, and Will Carney with KBC Advisors will market and lease Constellation Summit 35.

The Sundance Square mixed-use district in Fort Worth. JLL courtesy photo.

FORT WORTH – JLL has been retained to handle targeted retail leasing at the Sundance Square mixed-use district and cultural center spanning 37 contiguous blocks in central Fort Worth. Anchored by a two-acre plaza, Sundance Square encompasses 3.7 million SF of premium commercial space, with select availabilities for restaurant, retail, arts, and entertainment tenants. JLL’s scope, led by Michael Wheat and Isabella Burnette, covers over 105,000 SF.

NEW BRAUNFELS – Cava leased 2,800 SF in Creekside Town Center, located at the intersection of Interstate 35 and FM 306, New Braunfels, from NewQuest. Kevin Sims and Nick Ramsey of NewQuest represented the landlord. Cole Howes and Sean Murphy of CDL Realty represented the tenant.

DALLAS – Hunter Advisors brokered the sale of the 150-room Embassy Suites by Hilton Dallas Near The Galleria, the third hotel of a portfolio that included the previously sold Embassy Austin Arboretum and Embassy Houston Galleria. Kami Burnette and Mason McDavid represented the seller, Ashford Hospitality Trust.

The Hidden Lakes apartments in Haltom City near Fort Worth. — The 312-unit Hidden Lakes apartments on Fossil Creek Boulevard in Haltom City has changed hands. Newmark courtesy photo.

FORT WORTH – Mox Living acquired the Fossil Creek Portfolio, a two-property, 586-unit multifamily portfolio in Haltom City, a northeast suburb of Fort Worth. The portfolio comprises Hidden Lakes and The Ranch at Fossil Creek. Newmark’s Richard Furr, Brian O’Boyle, Jr., and Brian Murphy represented the seller, Exponential Property Group. Braden Harmon, Hank Glasgow, and Jeff Fein of Newmark’s Debt & Structured Finance group arranged acquisition financing. Located at 5333 and 5350 Fossil Creek Boulevard, the 312-unit Hidden Lakes and 274-unit The Ranch at Fossil Creek are adjacent to the planned 50-acre H Mart–anchored mixed-use development.

Nation

ATLANTA – CP Group has been appointed as the third-party property manager and leasing advisor for 55 Allen Plaza, the 14-story office tower at 55 Ivan Allen Jr. Boulevard NW in Downtown Atlanta.

NASHVILLE – INDUS Realty Trust announced the development of INDUS Commerce Center @ 840, a four-building, 2.15 million-SF master-planned logistics park in Nashville’s Lebanon submarket. Will Goodman and Jack Armstrong with CBRE are marketing the project.

NASHVILLE – Highwoods Properties has sold Bridgestone Tower, a 513,000-SF office tower in downtown Nashville, for $255 million.

DENVER – Walker & Dunlop arranged $130 million in financing on behalf of GM Development for the redevelopment of a historic former Veterans Affairs hospital campus in Denver. The 8.22-acre campus will be redeveloped into a mixed-use community with 493 apartment units and more than 50,000 SF of retail and medical office space at 1055 N. Clermont Street.

DENVER – Brennan Investment Group acquired a 64,020-SF industrial property at 4881 Ironton Street in Denver.

BYRON, Ga. – DWG Capital Partners has acquired a 102,437-SF industrial campus in Byron, Georgia in a sale-leaseback transaction with Southern Perfection Fabrication, while also making a strategic investment in the fourth-generation family business through its affiliate, American Industrial Machining Partners. Situated on 13.6 acres, 232 GA Highway 49 S is equipped for diverse metal fabrication—including steel, stainless steel, aluminum and magnesium products. Marcus & Millichap’s Tyrell McGee represented the seller.

NORMAN, Okla. – Dallas-based Rainier Development Co. announced the groundbreaking of the Rock Creek Entertainment District, a planned $1.1 billion, 269-acre mixed-use destination in Norman, Okla. The University of Oklahoma Foundation recently announced Rainier as the mixed-use District’s master developer.

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