CRE Transactions in the Southwest (Week of September 28)

There’s been plenty of transactions to focus on in the Southwest last week, across office, industrial, retail, land and mixed-use real estate! See below our selection of the most recent commercial real estate transactions for Austin, Dallas, Houston and other markets in the region.

Texas

LCN Capital Partners has sold a five-property retail portfolio to PlaceMKR for $31.9 million. The 534,000-square-foot collection includes three Texas properties in the Dallas, San Antonio and McAllen markets and one each in Mississippi and Ohio. Northmarq brokered the sale.

Austin

A joint venture of Palmatum Ventures, AQUILA and Glendon Capital Management has acquired 515 Congress, a 267,956-square-foot office tower in downtown Austin, from KBS Real Estate Investment Trust III. JLL represented the seller.

Dallas

Midas Investments and GC Land Partners have acquired 102 acres in Pilot Point, Texas, from Gene McCutchin LTD III for a planned mixed-use development. Younger Partners represented the seller, while Rex Real Estate represented the buyers.

Scannell Properties has sold Denton Crossing, a 701,123-square-foot industrial portfolio in Denton, Texas, to NorthPoint Development. Cushman & Wakefield arranged the transaction for the seller; the two-building property was 90 percent leased.

Invesco Real Estate has purchased Horizon at Premier, a 122-unit built-to-rent community in Plano, Texas. Institutional Property Advisors procured the buyer and represented the seller of the 2017-built property.

Buchanan Capital Partners has acquired Churchill Tower, a 277,268-square-foot office tower in Dallas. The 12-story property, renovated in 2025, was 93 percent leased to about 50 tenants.

Houston

Fat Property has bought 220 and 230 West Alabama, a 131-unit multifamily portfolio in Houston, from an affiliate of Realty Center Management. Berkadia represented the seller in the off-market transaction.

Lincoln and New York Life Investment Management have acquired the former Greenspoint Mall site in Houston for CityNorth Industrial Park, a planned $150 million industrial redevelopment spanning 1.2 million square feet.

Leifer Properties and Endeavor Capital have purchased a fully occupied, 36,000-square-foot industrial campus in Houston, marking the partners’ first deal in the market. The off-market transaction was their fourth joint acquisition.

Alterra IOS has acquired four industrial outdoor storage properties in the Houston metropolitan area, totaling 12.2 usable acres and 119,808 square feet of warehouse space. Partners Real Estate, Virtue Real Estate Partners, Lee & Associates and CBRE introduced the respective transactions to Alterra.

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