RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs – (Realty News Report) – HOUSTON – Caldwell Cos. plans to develop Cadence Creek Kingwood, an active-adult rental community with about 220 residences including one- and two-bedroom apartment homes and cottages for age 55 and up. Located off Woodridge Parkway just north of Northpark Drive, Cadence Creek Kingwood will offer resort-style amenities and a lifestyle centered around social connection and wellness. Floor plans are expected to range from 700 – 1,300 SF. Construction is scheduled to begin in 2026, with first move-ins anticipated in 2027. Caldwell has developed two locations for the brand, Cadence Creek at Towne Lake and Cadence Creek at Gosling, with plans for Cadence Creek at Mission Ranch coming soon to College Station.

HOUSTON – The William A. Lawson Institute for Peace and Prosperity (WALIPP) and community partners broke ground on a 102-unit expansion of the WALIPP Senior Residences, an affordable housing development for older adults in the Third Ward. The development is a joint venture between WALIPP, Volunteers of America National Services, and Volunteers of America Texas. The $29.9 million project received a $750,000 Affordable Housing Program grant from the Federal Home Loan Bank of Dallas through Frost Bank. The expansion consists of three separate buildings at 5120 Scott St., 5134 Grantwood St. and 5141 Grantwood St. NEI General Contracting is constructing the housing,

HOUSTON – Lincoln Property Co. announced it has expanded its national partnership with Agellan Commercial REIT, assuming property management responsibilities for 12 Houston-area properties totaling 1.52 million SF and encompassing a mix of industrial, office and flex space. The new assignment follows Lincoln’s transition of Agellan’s Chicago portfolio earlier this year. The Houston portfolio is located across key submarkets including the North Sam Houston Parkway, South Loop Freeway and Northwest Houston, representing a mix of flex, light industrial and low-rise office assets.

HOUSTON – ReoTemp Instrument Corp. leased 7,094 SF of office and warehouse space at 14824 Tomball Parkway. John Hornbuckle of Cypressbrook Co. represented the tenant. Logan Greer of Insite Realty represented the landlord, East Group Properties, LP.

HOUSTON – Flowmore Services sold a 20,000 SF, 2-building industrial property at 11230 – 11238 Timber Tech Avenue, in Tomball. Flowmore will lease-back a portion of the property. The buyer was a Houston – based investor was represented by Jared Pinto at Newman Kelly Investment Services. The seller represented itself.

HOUSTON – Coolzat Properties purchased a 3,000-SF building at 2015 Bauer Drive. George Montes of Cypressbrook represented the buyer. Bradley Buerger and Sam Sammons of Winthrop Realty Group represented the seller, Entablature LLC.

HUMBLE, Texas – Colliers announced the sale of an industrial property located at 134 Wilson Road in Humble. The seller, Humble Machine Works, was represented by Tom Condon Jr. of Colliers. Ross James and David Claros of Newmark represented the buyer. The property contains 51,951 SF of office and warehouse space on a 4.56-acre lot. The site includes multiple buildings constructed between 1960 and 2009.

HOUSTON – Oxford Partners represented GYC Uniforms and/or assigns in the purchase of the 17,150-SF building located at 5250 Brittmoore. Oxford Partners’ Ryan Hartsell and DJ Hale represented the buyer while Nick Peterson & Jordan Fox of NAI Robert Lynn represented the seller.

CONROE, Texas – Oxford Partners represented Emmaus Holdings LLC in the purchase of the 5,700 SF warehouse on 5 acres of land located at 12302 Sleepy Hollow Road in Conroe. Oxford Partners’ Matt Rogers & Nathan Buckhoff represented the buyer while Corey Guerrero of RE/MAX represented the seller.

Texas

DALLAS – Mesa West Capital has provided a joint venture between Knightvest Capital and TPG Angelo Gordon with a $42 million first mortgage loan for the acquisition and renovation of a 149-unit townhome community in Dallas. The five-year, non-recourse loan is secured by Perry Row, a multifamily townhome community at 6044 E. Lovers Lane in Northeast Dallas near the Highland Park, University Park, and Preston Hollow neighborhoods. Built in 2009, the property offers a mix of one-, two-, and three-bedroom units. Community amenities include a 24-hour fitness center, resort-style pool, outdoor kitchen and business center. The financing was arranged by Mark Brandenburg out of JLL’s Dallas office.

FORT WORTH – Bag Supply Co. has leased an 18,000-SF industrial building in Point 820, 5911 E. Rosedale St., Fort Worth, to expand and relocate its only distribution center outside its home state of Alabama. Cade Navarro of Bradford Commercial Real Estate Services represented the tenant, a division of Field Packaging Solutions in Moody, Ala. Brett Carlton and Forrest Cook of Stream Realty Partners represented the Boston-based landlord, LRF3 Dal Rosedale LLC.

IRVING, Texas – Building & Earth Sciences renewed 4,476 SF of office space in Commerce Office Park, 8420 Sterling St., Irving. Jason Finch, formerly with Bradford Commercial Real Estate Services, represented the landlord, PRE DFW Airport LLC. Michael Pruitt of Mercer Co. represented the tenant.

ADDISON, Texas – Pratt Logistics leased 4,458 SF of flex space in Parkway Business Center, 4951 Airport Parkway, Addison, from Kennington Parkway Ltd. Brian Pafford of Bradford Commercial Real Estate Services represented the landlord. Graham Cash of JLL represented the tenant.

IRVING, Texas – Gantry, an independent commercial mortgage banking firm, has secured a $10 million permanent loan to refinance Metroplex Plaza, a 105,000-SF grocery anchored retail center at the intersection of W. Airport Freeway and N. Story Road in Irving. The property recently completed a repositioning centered around the opening of a Joe V’s Smart Shop, a value-oriented grocery concept by H-E-B. Other center tenants include a mix of restaurant, needs based retail, and professional service tenants. Mark Ritchie and Austin Ridge of Gantry’s Los Angeles office represented the borrower, a private real estate operator. The 10-year, fixed rate loan was provided by one of Gantry’s correspondent life company lenders. Gantry will service the loan.

DALLAS – BKM Capital Partners, a real estate firm based in Newport Beach, Calif., expanded its Texas holdings with the acquisition of a three-asset industrial portfolio totaling 200,343 SF in the Dallas-Fort Worth and Houston markets. JLL represented the seller, Circle Industrial. The Texas Tri-Pack portfolio comprises 11 buildings across three properties: Plaza Circle II (68,043 SF across four buildings) at 11048-11056 Shady Trail in Dallas-Fort Worth’s South Stemmons submarket, GSW Circle I (73,600 SF across five buildings) at 2125-2133 S. Great Southwest Pkwy. in Grand Prairie, and Kinghurst Circle (58,700 SF across two buildings) at 10849-10899 Kinghurst Dr. in Houston’s Southwest Corridor. The assets are 98% leased to 64 tenants with an average suite size of 2,990 SF. The JLL Capital Markets team was led by Trent Agnew, Charlie Strauss, Tom Weber, Pauli Kerr, Lance Young, Brennan Fewin, and Alex Fronterhouse.

AUSTIN – Oxford Partners represented Austin Task Secure Doc Services in leasing 25,827 SF located at 6301 E Stassney, Expo 6. Oxford Partners’ D.J. Hale represented the tenant, Austin Task Secure Doc Services. The landlord, Clarion Partners, was represented by Claudia Taylor of Stream Realty.

National

GREENSBORO, N.C. – Austin-based Buchanan Capital Partners announced its recent capitalization of Rock Creek Center, a 423,852-SF industrial development in the Piedmont Triad (Greensboro-Winston Salem-High Point) market of North Carolina. The two-building project will be developed by Dallas-based Crow Holdings Development.

PHOENIX – Provident Industrial, a division of Dallas-based Provident, has acquired 27 acres in Phoenix for the development of Aldea Exchange, a three-building, 471,439-SF Class A industrial park. With direct access to Loop 101, the site is located at the southwest corner of North 99th Avenue and West Montebello Avenue within Phoenix’s Southwest Valley submarket. Construction is scheduled to begin in Q3 2026.

ATLANTA – Noble Investment Group has acquired a portfolio of 35 Sonesta Simply Suites totaling more than 4,000 rooms across 19 states and 25 markets, with concentrations in high-growth Sunbelt and corporate-demand corridors. Noble was advised by Seyfarth Shaw’s hospitality group.

ASHEVILLE, N.C. – Milan Hotel Group acquired a two-property hotel portfolio in Asheville, N.C. comprising the 88-room SpringHill Suites by Marriott Asheville (built 2002) and the 78-room Courtyard by Marriott Asheville (built 1996), located along Buckstone Place just off Tunnel Road. The portfolio was sold by an institutional seller to in an off-market transaction brokered by Sophia Pittaluga of Hunter Hotel Advisors. The properties benefit from proximity to the Biltmore Estate, Biltmore Village, the Blue Ridge Parkway, Tunnel Road retail corridor, and the area’s robust medical and education sectors.

FORT SMITH, Ark. – DWG Capital Partners acquired a 256,314-SF, 25-acre urban infill industrial property at 4115 S. Zero St. in Fort Smith, Ark. The manufacturing and distribution facility has been leased by Stryten Energy, a U.S.-based energy storage solutions provider, since its construction in 1975. DWG Capital Partners, with $125 million in assets under management, aims to double its sale-leaseback activity in 2026. Transwestern’s Mike Salmen and Andrew Watson represented the seller, a private ownership group, in the off-market transaction.

SAN BERNARDINO, Calif. – Overton Moore Properties acquired 890 E. Mill St., an institutional-quality industrial warehouse totaling 525,756 SF in the Inland Empire East submarket. Cushman & Wakefield’s Jeffrey Cole, Jeff Chiate, Rick Ellison, Matthew Leupold, Aubrie Monahan and Kristen Schottmiller represented the seller, a Brookfield-backed fund. Cushman & Wakefield’s Rob Rubano and Brian Share arranged financing. The property is 100% leased.

PHOENIX – Dallas-based Westmount Realty Capital announced the sale of Mountain Vista Commerce Center, a three-building industrial flex property totaling 134,713 SF at 14647 South 50th Street in Phoenix’s Silicon Desert. Built in 1999, the property is positioned at the Interstate 10 and Loop 202 interchange, south of Sky Harbor International Airport. The portfolio is 100% leased to 10 tenants.

MIAMI – Boulevard Step Ventures LLC purchased the Esplanade at Aventura, a 219,000-SF mixed-use project in Aventura, Fla., in a $131 million transaction. Danny Finkle, Chris Angelone, Jorge Portela, and Kim Flores of JLL represented the seller, Seritage Growth Properties. Esplanade at Aventura is strategically positioned at 19505 Biscayne Blvd., adjacent to the 2.8 million-SF Aventura Mall. Delivered in 2023, the three-level Esplanade project sits on a 12.3-acre site and features an open-air design with a pedestrian-friendly layout.

NEW YORK – JLL’s Capital Markets group announced has arranged a $515 million acquisition financing for the Artemis National Logistics Portfolio, a 25-property industrial portfolio totaling 8.7 million SF. JLL represented the borrower, an affiliate of Artemis Real Estate Partners, to secure a five-year balance sheet loan through Wells Fargo. The portfolio spans top U.S. logistics markets, including Central Florida, Central Pennsylvania, Dallas-Fort Worth, Houston, Greenville, Northern New Jersey, and Chicago. Property sizes range from 84,000 SF to 892,000 SF, with an average suite size of 264,000 SF. The portfolio is more than 95% leased to 25 tenants. The JLL Debt Advisory team was led by Capital Markets President Kevin MacKenzie, Senior Managing Director Steven Klein and Director Christopher Pratt.

Etc.

RIYADH, Saudi Arabia – The Real Estate General Authority in the Kingdom of Saudi Arabia has announced the launch of a new national platform under the name “Saudi Properties.” It will serve as the official platform for all real estate ownership transactions by non-Saudis within the Kingdom, as part of the ongoing preparations for the Non-Saudi Property Ownership Law to enter into force in mid-January 2026. “Saudi Properties” aims to serve as the official gateway for all ownership processes. This includes browsing real estate opportunities, communicating with developers, submitting applications, verifying eligibility, and connecting with relevant entities within an integrated ecosystem. This will provide investors with a simple, seamless, and reliable digital journey to purchase property in the Kingdom.

Cadence Creek image: Courtesy: Caldwell Cos.

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