RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs – (Realty News Report) – HOUSTON – Transwestern Real Estate Services has been selected as the exclusive office leasing agent for TwentyFour25, a 284,889-SF, 11-story office building at 2425 West Loop South in the Galleria area. The assignment follows the acquisition of the property by SLS Properties in early 2025. Kelli Gault, Jack Scharnberg, and Doug Little of Transwestern are leading the leasing effort.

“We jumped on the opportunity to buy this building because of its superior location, its upgrade potential and its proximity to the highly anticipated River Oaks District 2.0 site,” said Danny Sheena, founder at SLS Properties. “We’ve spent the last few months making significant upgrades to the building’s systems and with those improvements completed, we are excited to work with Transwestern to reintroduce the building to the market.”

Designed by I.M. Pei, the 100%-vacant building features large windows with panoramic views, an 11-story atrium lobby with balcony access on every floor, a fitness center, conference facilities, and a tenant lounge. It is adjacent to the under-construction Greenleigh Hotel and walking distance to River Oaks District.

HOUSTON – Ivybrook Academy, an early childhood education provider, has leased 7253 E. Capstone Circle in The Woodlands. The landlord, Celebration Church, was represented by Diana Gaines of SVN |J. Beard Real Estate. W. Loch Cook and Crystal Allen with Transwestern Real Estate Services represented the tenant.

HOUSTON – JLL Capital Markets has secured a loan to refinance 4411 San Felipe, a Class AA mixed-use project the River Oaks area. The loan has an initial funding of $33 million with additional future funding available. JLL worked on behalf of the borrower, PH 4411 Houston RE Holdings, in arranging a three-year, floating-rate loan through Tannenbaum Capital Group. The seven-story, 94,825-SF property is 100% leased and anchored by Park House Houston, a private social club that has grown to 2,000 members since opening in April 2024. Other tenants include Ciel Restaurant, a luxury fitness center tenant, Fountain Life wellness services, and Advancial Federal Credit Union. Park House Houston occupies 41,044 SF and operates under a lease extending through December 2033.

HOUSTON – Sagard Real Estate, a Denver-based real estate investment advisor, acquired a 75,225-SF industrial facility directly across from the Port of Houston’s Barbours Cut Container Terminal. Built in 2008, the Class A facility includes 28-foot clear heights and a front-load configuration with a 130-foot truck court. The transaction follows Sagard Real Estate’s recent acquisition of 225 Crossing, a 163,402-SF industrial facility in southeast Houston and complements the existing 16th Street project in LaPorte acquired in 2020.

HOUSTON – Oxford Partners represented 3330 Richmond Ave LLC in the purchase of the 3,936-SF building at 3330 Richmond Ave. Oxford Partners’ Vincent Vega represented the buyer while Mary Jayne Karimi of Cunningham Ventures represented the seller.

BAYTOWN, Texas – Gold Rush leased 1,500 SF of retail space in Baytown Plaza, 6405 Garth Rd., Baytown, from AREP Baytown Partners LP. Kevin Sims and Nick Ramsey of NewQuest represented the landlord. Chris Reyes of SHOP Companies represented the tenant.

HOUSTON – Studio Casa Vita leased 1,918 SF at 2202 Timberloch Place, The Woodlands. Kimberly DeVos of Cypressbrook Co. represented the tenant. The landlord, Timberloch, Inc., was represented by Lisa Hughes with SVN | J Beard Real Estate.

HOUSTON – Hexatronic Data Center US leased 12,365 SF at 8801 Jameel Road. Heath Donica, Jack Rathe, and Natalie Gilbert with Stream represented the landlord, Bleeker Partners. Kim Mathis with Partners represented the tenant.

HOUSTON – SVN J. Beard Real Estate has been awarded the leasing assignment for Building 4 at 2445 Technology Forest Blvd. in The Woodlands, following the firm’s ongoing success with Building 9 at 9709 Lakeside Blvd. Both properties are part of Research Forest Lakeside. Lisa Hughes and Liz Westcott represent RFL Management Co. in the leasing efforts for both assets. Building 4, constructed in 2013 and totaling 286,367 SF, stands as a LEED Gold-certified office tower within the 77-acre master-planned Research Forest Lakeside development. The 12-story building features a two-story granite and glass lobby, panoramic views of Lake Woodlands, and direct access to a seven-story parking garage. Amenities include a fitness center, food court, outdoor seating areas, and modern conferencing facilities.

HOUSTON – Chicago-based Pearlmark, in partnership with Houston-based Hanover Co., closed on a joint venture to develop Ella 45, a to-be-built 254,369-SF industrial building in north Houston. The property will be designed as a Class-A, tilt-wall facility featuring 36-foot clear heights, ESFR sprinklers, and 130-foot truck courts with ample employee parking and 38 additional trailer spaces. The site is about four minutes from I-45 and six minutes from Beltway 8.

HOUSTON – Pegasus Real Estate has acquired Lakeside, a 296-unit apartment complex at 9550 Meyer Forest Drive. David Mitchell of Newmark Multifamily Capital Markets represented the seller, Knightvest Capital, in the sale. Newmark’s Colin Cross secured the financing on behalf of the buyer. Built in 2001, Lakeside was 92% occupied at the time of sale.

HOUSTON – BLVD Place, a Whole Foods-anchored mixed-use development at the corner of Post Oak Boulevard and San Felipe Street in the Uptown District, has signed an agreement with flexible office and meeting space operator, CUBExec, to open in a 12,520-SF space on the sixth floor of 1700 Post Oak Blvd. CUBExec, which is now open, features 50 private modern workspaces and collaborative meeting spaces that can accommodate up to 15 people. BLVD Place is owned by Whitestone REIT. BLVD Place is home to restaurants such as North Italia, True Food Kitchen, Ninfa’s, and the recently-announced Cactus Club Cafe.

PEARLAND, Texas – Partners Development, the development platform of Partners Real Estate, has sold Phase II of Broadway Plaza, a 10,700-SF retail building at 11940 Broadway Street in Pearland. The building is fully leased to a diverse mix of tenants including Pet Supplies Plus, Kolache Shoppe, the Lash Lounge, and a local pizzeria. Partners originally purchased 2.64 acres at the southwest corner of Broadway Street and Shadow Creek H.S. in December 2020 to develop a 21,400-SF neighborhood retail center, consisting of two 10,700-SF buildings. Phase I sold in 2022. Marc Peeler, Joan Collum, and Cobo Fajardo of Partners Real Estate represented Partners Development in the transaction.

“The success of both Phase I and Phase II of Broadway Plaza underscores our strategic approach to identifying and developing prime commercial tracts in high-growth areas,” said Mitchell Hanzik, Partner and Managing Director of Development, Texas. “Broadway Street is a major thoroughfare in Pearland, which remains one of the fastest-growing economies in the Houston MSA.”

SPRING, Texas – Taco Palenque has ground-leased a 0.85-acre retail pad site in Spring Town Center, located at the intersection of FM 2920 and Kuykendahl Road, Spring, from NewQuest. Kevin Sims and Lara Lee LaMendola of NewQuest represented the landlord. Harrison Mohn of BCS Capital Group represented the tenant.

HOUSTON – Axel Hevener and Ryan Dierker of Newcor represented the seller of a 2,230-SF office condo at 25511 Budde Road in The Woodlands and a 1,754-SF office condo at 303 Longmire Road in Conroe. The buyer was represented by OnPoint Realty.

TOMBALL, Texas – Chipotle Mexican Grill has leased 2,510 SF of retail space in the Grand at 249, located at the intersection of TX 249 and Grand Parkway, Tomball, from NewQuest. Andrew Alvis of NewQuest represented the landlord. Hannah Schiro and Wade Greene of Colliers represented the tenant.

Texas

AUSTIN – Dallas-based Provident Industrial has broken ground on Eagle 35, a three-building industrial development totaling 292,884 SF at 17 Cypress Blvd., near I-35 and University Boulevard, in Round Rock. Completion is planned in early 2027. Eagle 35 is being developed in partnership with CIBC Bank USA. Brian Liverman and Matt Jacobs of Cushman & Wakefield will handle leasing.

AUSTIN – National developer Portman announced the start of construction on 2545 Brockton, a 429-unit multifamily community at 2545 Brockton Drive in north Austin. The project, developed in partnership with Austin-based Generational Commercial Properties, will offer a mix of studio, one-, two-, and three-bedroom units including 39 units with a private rooftop patio. Completion is planned in March 2028. Amenities include a rooftop pool, greenspace and 6,850 SF of ground-floor retail. The loan for 2545 Brockton was provided by investment vehicles advised by Centerbridge Partners. Portman has developed over 20,000 residential units.

RICHARDSON, Texas – Elegant Investment Group purchased two Class B office/flex buildings totaling 73,646 SF on 4.71 acres at 1200-1300 S. Sherman Street in Richardson, Texas. John Bowles, Susan Gwin Burks, and Bruce Butler of Avison Young represented the seller, Arapahoe Grande Investment, an affiliate of Mohegan Capital. The buildings are fully occupied by a single tenant who has been at the property since 2012.

AUSTIN – JT Magen, a national construction firm specializing in preconstruction, construction management, design-build, and general contracting across a variety of industries, has completed a new office space for BRR Architecture at 3218 Manor Road in Austin. JT Magen served as construction manager for the 4,117-SF buildout. JT Magen collaborated with architect / interior designer BRR Architecture and MEP engineer Salas O’Brien to deliver the space. BRR Architecture, a national architectural design firm with more than 60 years of experience, opened its Austin office in 2016. The new larger open plan office space spans one floor and features a mix of workstations and private offices, a flex room, a plot room for large-scale drawings, meeting and conference rooms, and a breakroom. JT Magen’s recent projects include Uniqlo retail stores in Arlington, Dallas, Houston and Sugar Land.

BRYAN, Texas – Hunter Hotel Advisors announced the sale of the Best Western Premier Bryan, a 100-room, five-story hotel in Bryan, Texas. The property was sold by a California investment group to an individual investor in a transaction led by Kami Burnette of Hunter’s Austin office. The buyer plans to rebrand the hotel, which was built in 2009.

ADDISON, Texas – Urban Infraconstruction acquired Midway Office Park, a 53,673-SF office building at 14665 Midway Road in Addison, Texas. Bruce Butler, Susan Gwin Burks, and John Bowles of Avison Young represented the seller, Midway Office Park LLC. Taylor Stell of Lee & Associates represented the buyer. Urban Infraconstruction is a Texas-based general contractor specializing in civil construction. The firm will use the property to expand within the building, which was 60% vacant, and plans to continue to lease space to some of the existing tenants.

DALLAS – Anthem Development, a Dallas-based institutional multifamily developer, broke ground on The Premier at Dallas Midtown, a 296-unit mixed-use project at the southwest corner of Dilbeck and Preston Road, on the site of the former Valley View Mall. The six-story building will have 13,500 SF of ground floor retail. Anthem is partnering with PLT America, a subsidiary of Prime Life Technologies Corp., which is a joint venture of Toyota Motor Corp. and Panasonic Holdings Corp., as well as Beck Ventures for equity on the first phase of this Dallas International District project. Opening is planned in 2027. The project will be financed by NexBank, designed by Cross Architects, and constructed by Anthem Commercial Construction. XIB Capital Partners and Nova Capital helped secure the equity and financing, respectively.

SAN ANTONIO – Finial Group announced the sale of a 9,380-SF industrial warehouse at 4718 Cotton Belt Drive in San Antonio. William Alcorn and Chase Tucker of Finial Group represented the seller, one of the firm’s key investment partners, in the transaction.

FORT WORTH – Transwestern Investment Group acquired Lone Star Commerce Center, a logistics park comprised of three shallow-bay industrial buildings totaling 380,020 SF at I-820 and SH-199 in northwest Fort Worth. Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke, Emily Brandt, and Trevor Berry represented the seller, a fund backed by Brookfield Asset Management. Completed in 2021, Lone Star Commerce Center is 100% leased.

NEW BRAUNFELS, Texas – Chipotle Mexican Grill leased 2,522 SF of retail space 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. Buck Cody of Endeavor Real Estate Group represented the tenant.

LEWISVILLE, Texas – Trammell Crow Co. and joint venture partner PGIM have broken ground on Lake Vista Technology Park, a three-building, 316,333-SF industrial park near Dallas Fort Worth International Airport in Lewisville. The development, on 20 acres at the southwest corner of Interstate 35 West and State Highway 121, is expected to deliver by the fourth quarter of 2026. Comerica Bank is providing construction financing. Alliance Architects is serving as the project’s architect, Peinado Construction is the general contractor, Halff is the civil engineer, Studio Green Spot is the landscape architect, and SSI is the geotechnical engineer. Steve Trese and Wilson Brown of CBRE are marketing and leasing the project.

GRAND PRAIRIE, Texas – Strive announced the sale of Shops at Camp Wisdom in Grand Prairie. The 10,000-SF property is located on West Camp Wisdom Road. Jack Hicks and Hudson Lambert of Strive represented the seller.

DALLAS – Ashcroft Capital and Pearlmark Real Estate have acquired Jefferson Cedar Ridge, a 360-unit multifamily community in southwest Dallas. Richard Furr, Brian Murphy, and Brian O’Boyle, Jr. of Newmark Multifamily Capital Markets represented seller TDI in the transaction. Newmark’s Braden Harmon, Hank Glasgow, and Jeff Fein arranged acquisition financing on behalf of buyer. Located near I-20, I-35 and Highway 67, the property was completed in 2024.

BRYAN, Texas – Bayview PACE, a division of Bayview Commercial Mortgage Finance based in Coral Gables, Fla., announced the closing of $15.6 million in total C-PACE (Commercial Property-Assessed Clean Energy) financing for The Lumin, a five-story office building with ground-floor retail in the Lake Walk community of Bryan, Texas. The 103,000-SF Class-A office building is under construction at 4100 Lumin Way with completion planned in Spring 2027. The project’s owner developer is Bryan-based William Cole Cos., a real estate development and management firm with a focus on hospitality, residential, and master planned communities including the 350-acre Lake Walk master development. Lake Walk is home to companies such as FUJIFILM Biotechnologies, Capital Farm Credit, and BlueForge Alliance. Vaughn Construction is the general contractor and Cushman & Wakefield is handling leasing. Foundry Commercial’s Investment Advisory Group assisted with the financing.

WEATHERFORD, Texas – Peaster Plaza, a 5,940-SF property on FM 920 in Weatherford, Texas, has changed hands. Harrison Beethe and Hudson Lambert of Strive represented the seller.

Nation

CHICAGO –   Artemis has acquired EQT Core II REIT I portfolio, comprising 25 modern, institutional-grade industrial assets totaling more than 8.7 million SF across 13 key logistics hubs in the U.S. John Huguenard, Trent Agnew, and William McCormack of JLL Capital Markets represented the seller, EQT Real Estate. The properties are located in regional distribution markets, including New York, Chicago, Atlanta, Phoenix, and Texas. The assets are more than 95% leased to 25 tenants active in distribution, e-commerce, food and beverage, and manufacturing.

“Prime infill locations, exceptional building quality and a diversified tenant base made this a rare institutional-scale offering,” said Huguenard. “These properties combine everything investors seek – connectivity to population, access to major transportation nodes and room for future expansion. The underlying market demographics and city-adjacent sites will support lasting demand and above-market rent growth.”

SAVANNAH, Ga. – Transwestern Development Co. and its JV partner Transwestern Investment Group, on behalf of a separately managed account, has acquired 30.65 acres in the Effingham County submarket of Savannah with plans to develop two industrial warehouse buildings totaling 528,560 SF. The project consists of Buildings 5 and 6 at North Gate Industrial Park within the Old Augusta Road corridor. The team includes The Conlan Co., Randall-Paulson Architects, and Kern & Co. JLL will provide leasing services.

CHARLOTTE, N.C. – Crescent Communities, a developer and operator of mixed-use communities, and Heitman, a real estate investment management firm, have formed a second joint venture to invest in Crescent Communities’ single-family build-to-rent platform across key strategic growth markets. This second venture will begin with an initial commitment of $240 million, with the ability to expand up to $340 million, and will fund approximately six communities across attractive Sunbelt and emerging growth states. The first venture, which launched in 2024, invested $345 million in six Harmon communities across North Carolina, Georgia, Florida, Tennessee, Texas, and Arizona.

DENVER – Chicago-based Evergreen Real Estate Group announced it has received the first tax credits as part of Colorado’s Middle-Income Housing Tax Credit (MIHTC) program, awarded through the Colorado Housing and Finance Authority. The firm will use the $1.65 million allocation to develop Park Place Apartments, a five-story, 80-unit income-restricted rental community at 1275 Decatur St. in Denver’s Sun Valley neighborhood. The firm expects to break ground on the project in fall 2026. The MIHTC pilot program establishes a public-private partnership that leverages state resources with private investment to produce affordable rental housing. An obsolete commercial building will be torn down to make way for the project. The project team includes Lorcan O’Herlihy Architects and Shaw Construction as general contractor.

Etc.

HOUSTON – Howard Hughes Communities announced the opening of 1 Riva Row, a 13-story apartment building along The Woodlands Waterway in The Woodlands. The 268-unit property, which is the first apartment high-rise in The Woodlands, offers a variety of floorplans, including penthouses, ground-level two story townhomes, studios and expansive three-bedroom flats. The four-story amenity center has a resort-style pool, sky lounge, fitness center, coworking spaces, bike and kayak storage, and a sports lounge with golf simulator and billiards. Howard Hughes Communities, owner and developer of 1 Riva Row, partnered with design architect Allford Hall Monaghan Morris, interior designer MaRS Culture, landscape architect TBG, and general contractor Hoar Construction on the project. The property is managed by Morgan Group.

“We have built our reputation on raising the bar with developments that meet the needs of the most discerning residents, and 1 Riva Row is a reflection of that commitment,” said Jim Carman, President of the Texas Region for Howard Hughes Communities. “It’s designed to deliver the ease of rental living with the architectural sophistication, curated interiors, and hospitality-caliber amenities typically associated with a custom home.”

BASTROP, Texas – Del Webb, a developer of active adult communities for those 55 and older, announced starting pricing for homes at Del Webb Lost Pines, the builder’s first 55+ community to open in the Austin area in over 30 years. The first phase of the community, which broke ground in July, will include 260 residences with pricing starting in the low $300,000s. Home sales are expected to begin in January 2026, with a grand opening planned for late Q1 2026. Prospective homebuyers can choose from several one-story homes with open designs and spacious kitchens.

“Given the growing price of homes in and around the Austin metro area, we’re pleased to be able to offer this collection of new homes for active adults at a competitive and attainable price,” said Pablo Rivas, Division President of PulteGroup Central Texas. “In choosing the charming city of Bastrop as the location for Lost Pines, it was our goal to offer homes close to everyday conveniences like shopping and medical services, but at a more attainable price point than similar homes closer to downtown Austin.”

DENVER – Cross Street Real Estate announced the acquisition of Toprock Real Estate, a Denver-based firm known for its expertise in assisting first-time homebuyers, sellers, and renters. As part of the acquisition, Toprock founder John Galloway joins Cross Street’s Denver office as managing broker. As the leader of Cross Street’s Denver office, Galloway will continue supporting buyers, renters and investors while mentoring agents and expanding the brokerage’s reach across the Denver market. With offices in Denver, Chicago, and Cleveland, Cross Street is a full-service real estate company with expertise in multifamily leasing, residential sales and developer partnerships.