Lumicre

DRA Advisors acquired an eight-building, 846,261-square-foot infill industrial portfolio in Plano, Texas, with New York Life providing $79 million in acquisition financing. The fully leased portfolio, sold by Link Logistics and arranged by Cushman & Wakefield, includes tenants such as Samsung, Unicom Engineering, and Beckett, with an average tenure of 10 years. https://lnkd.in/gVksVSfV

Kobalt Investment Co. has acquired a controlling interest in Rio Norte Shopping Center, a 222,291-square-foot Class A retail center in Laredo, Texas, partnering with Stonefield Investment Advisors LLC and Espada Real Estate. JLL brokered the transaction on behalf of the seller, a joint venture between Auerbach Opportunity Fund I LP and Elevation Real Estate; the center is anchored by Ross Dress for Less and includes retailers like Michael’s, Petco, and Dollar Tree. https://lnkd.in/gvRvgEDi

The family investment partnership that owns Highland Park Village in Dallas has completed the purchase of Kansas City's iconic Country Club Plaza, with plans for a $100 million infrastructure overhaul. HP Village Management LLC closed the deal on June 28 after several months of evaluation, and while the transaction terms were not disclosed, significant improvements are planned for the century-old, 1-million-square-foot shopping and dining district. https://lnkd.in/gqTztYWm

The 2024 Commercial Real Estate Awards for the Austin area, hosted by the Austin Business Journal at the Four Seasons Hotel, celebrated notable achievements despite supply chain issues, labor shortages, and financial complexities. Winners included a new skyscraper, an unexpected Tesla workspace, and an impressive suburban library, selected by a panel of industry leaders based on size, complexity, and community impact. https://lnkd.in/geaJufCf

St. John Properties, a commercial real estate development and management company with a portfolio exceeding $5 billion, has opened an office in Plano, Texas. This expansion marks the firm's entry into the Dallas-Fort Worth market. https://lnkd.in/gY5yib85

Dallas-based Megatel Austin Taylor LLC, a subsidiary of Megatel Group, is planning a 330-acre project in Taylor, near the new Samsung Electronics factory. The development is set to include over 1,000 residential units and 2 million square feet of industrial space, located east of the city, west of Carlos G. Parker Boulevard, and north of Highway 79. https://lnkd.in/gayuFwR2

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Denholtz Properties has entered the Central Texas market by acquiring its first property in the region, a newly-constructed industrial facility with over 200,000 square feet of leasable space. The New Jersey-based real estate investor and developer purchased the 213,000-square-foot Clovis Crossing property in San Marcos from Freehill Development Co. for an undisclosed price, marking Denholtz's debut in Texas as it expands into new markets. https://lnkd.in/g8H2YuAA

Oregon-based Western Pacific Building Materials Inc., a supplier of doors and windows, has leased 101,900 square feet of industrial office space at Prologis Freeport Distribution Center in Irving, North Texas. This move, which took place in mid-June, brought building two in the industrial park to full occupancy, about 3 miles north of Dallas-Fort Worth International Airport. https://lnkd.in/gtFqK8kD

Dallas-based Jackson Shaw Co. has secured new leases at its 224-acre Crosspoint Business District in Georgetown, north of Austin, bringing the first phase of the development to 85% occupancy. Austin-based Control Panels USA Inc. leased the entire 146,000-square-foot building 2, and Ohio-based Clopay Corp. leased 23,000 square feet in building 3, with Control Panels USA moving in January and Clopay this summer. https://lnkd.in/gWRmRGZ9