CapRock Partners recently acquired Peachtree Distribution Center, a 396,750-square-foot, 100% leased, Class-A industrial asset in Mesquite, Texas.

The warehouse property is within a preferred distribution business center in Dallas-Fort Worth’s East Dallas/Mesquite industrial submarket.

CapRock purchased the distribution facility from a Dallas-based investor-developer. Terms of the deal are not disclosed.

Peachtree Distribution Center is located at 510 N. Peachtree Road, adjacent to the I-635 freeway, with prime visibility and accessibility. The 24-acre property is less than one mile from freeway on/off ramps via Military Parkway and W. Scyene Road and is within close proximity to regional transportation routes such as HWY 80, I-30, I-20, and I-635. Corporate neighbors include big-box industrial users such as distributors and light manufacturers and the property is surrounded by institutional ownership.

Built in 2001, the distribution facility features a cross-dock configuration with 31-foot clear height, 66 dock-high doors and three drive-ins, minimal office space (3.2% of the property), abundant power and ESFR sprinklers. The Property also features 120-foot truck courts that are expandable to 175 feet, and easy in and out access to N. Peachtree Road.

Peachtree Distribution Center is leased to three high-quality tenants. CapRock plans to make capital improvements to enhance the property’s functionality and aesthetic.

CBRE National Partners represented the seller in the transaction, led by Randy Baird, Ryan Thornton, Jonathan Bryan, Eliza Bachhuber, Nathan Wynne, and Elliott Dow.

Larkspur Capital LP has hired a general contractor and is starting vertical construction on a multifamily mid-rise that will also bring needed retail, multi-level units, and flats to the growing east end of Deep Ellum known as Exposition Park in Dallas.

Dallas-based Larkspur has tapped Austin-based OHT Partners to build its 219-unit, seven-story development on a 1.4-acre site located at 4003 Commerce St. This community is the latest Larkspur concept to move forward in the Exposition Park micromarket. The company previously built The Willow, another seven-story apartment community, just northwest of The Juniper. Nearby, it is also planning 2^nd @ Ash, a 280-unit apartment community at 705 1^st Ave., where approximately half of the complex’s 280 units will be designated for workforce housing.  

The striking architectural design, by Dallas-based Corgan, represents a modern expression of the historic Art Deco influences in the surrounding neighborhood. The brick and stone façade is paired with floor-to-ceiling windows in some areas and inset nooks in others, creating defined ways for the public to interact with different aspects of the building’s ground level.

The Juniper will offer a wide range of units, from studios to two-bedrooms, as well as penthouse suites, flat-style homes, and luxury townhome units along a newly created, private park.

Apartment units will range in size from 567 to 1,992 square feet. Similarly, 18 flat-style homes will range in size from 556 – 1,992 square feet. The penthouses offer an impressive range of 1,108 – 1,632 square feet, while six, two-story townhome units range in size from 1,814 to 1,939 square feet. Rental rate ranges will be determined closer to The Juniper’s opening.

Upon entering, residents and guests will be greeted by a grand entry curved staircase with a double-height lobby. Other shared amenities include co-working spaces with views overlooking downtown, an indoor/outdoor clubhouse and a large, ground-level private park with a dedicated dog park. The third floor features a pool deck offering breathtaking views of downtown Dallas as well as gathering areas featuring fire pits, club kitchens, and outdoor grill stations.

Inside, residents will find contemporary interior designs, with upscale features such as mud rooms, dry bars with open shelving, quartz countertops, stainless steel appliances, and Bluetooth locks.

Construction for The Juniper is scheduled to begin in early April and wrap up in mid-2026.

One of the most indispensable, yet often overlooked elements of commercial real estate construction is the building envelope. Building envelopes stand as silent guardians, protecting investments, ensuring occupant comfort and enhancing energy efficiency. By recognizing their significance and investing in their optimization, developers and builders can create properties that not only withstand the test of time, but also contribute to a more sustainable and resilient built environment.

Comprising walls, windows, roofs and foundations, the building envelope is more than just a physical barrier. It serves as the primary defense against external elements, a regulator of indoor environments and a determinant of energy efficiency. Understanding the significance of building envelopes is crucial for developers and builders aiming to create sustainable, comfortable, and structurally sound commercial properties.

At its core, the building envelope acts as a shield, protecting occupants from the vagaries of weather. Rain, snow, wind and temperature fluctuations are kept at bay, ensuring a comfortable indoor environment regardless of external conditions. But its significance extends beyond mere protection; it’s also a cornerstone of energy efficiency. With envelope technologies accounting for approximately 30 percent of the primary energy consumed in residential and commercial buildings, optimizing these structures becomes paramount in reducing energy consumption and operational costs.

One of the primary functions of the building envelope is to maintain structural integrity. Walls, roofs and foundations form a cohesive system that not only shelters occupants but also supports the entire structure. By withstanding external forces and distributing loads effectively, the envelope ensures stability and longevity, safeguarding investments for years to come.

Moisture intrusion poses a significant threat to buildings, causing deterioration, mold growth and compromising indoor air quality. The building envelope serves as a fortress against moisture, employing various strategies such as barrier systems, drainage mechanisms and diversion systems to keep water out and maintain a dry interior environment.

Controlling air infiltration is essential for both energy efficiency and indoor comfort. The building envelope regulates the movement of air, minimizing drafts, reducing heat loss or gain and preventing moisture buildup. Through proper specification and installation of air barriers, insulations and sealants, builders can create airtight envelopes that enhance energy performance and occupant well-being.

Few regions present as unique challenges and opportunities as the state of Texas. From the blistering heat of its summers to the occasional icy chill of its winters, the Texas climate is characterized by extremes that demand careful consideration when designing and constructing building envelopes.

Texas summers are notorious for their scorching temperatures, often surpassing 100 degrees Fahrenheit. In such conditions, the importance of an effective building envelope cannot be overstated. Proper insulation, air sealing and solar control measures are essential to keeping indoor spaces cool and comfortable while minimizing reliance on mechanical cooling systems. Additionally, selecting materials with high thermal resistance helps prevent heat transfer, reducing energy consumption and utility costs.

Conversely, Texas winters, although generally milder compared to northern states, can still bring periods of cold and inclement weather. A well-designed building envelope acts as a barrier against chilly drafts and moisture infiltration, maintaining interior warmth and protecting against structural damage caused by freezing temperatures. By incorporating robust thermal barriers and moisture control measures, builders can ensure year-round comfort and resilience in the face of fluctuating weather patterns.

In commercial real estate, where every detail counts, understanding the components of a building envelope is crucial. Cladding, control layers, insulation and structural framing work together to create a robust barrier that shields against external elements and maintains optimal indoor conditions. By carefully selecting materials, considering climate factors and adhering to best practices in design and construction, developers can create buildings that are not only aesthetically pleasing but also efficient, durable and resilient.

VERSAL closed the sale of Spartan Storage in Montgomery, Texas.

Montgomery is 43 miles northwest of downtown Houston. The property has 64 units. The facility’s total square footage is 19,998 squre feet.

The VERSAL team represented the buyer in thesale, Lakewood Realty Investments, LLC. Ryan Dooley of CRD Realty represented Spartan Storage, LLC, the Texas-based seller.

JLL announced today that Chint Power Systems, a leading solar inverter manufacturer and distributor, has leased 76,433 square feet at Wylie Business Center in Wylie, Texas.

With this lease signed, the Class-A, new-construction industrial facility now has 197,983 square feet available of prime industrial space for lease.

JLL’s Kurt Griffin, Nathan Orbin, and Dalton Knipe represented the owners, Lovett Industrial and Cresset Real Estate Partners, while Mercer Company’s Christian Moore represented the tenant, Chint Power Systems.

Located at 2801 N. State Highway 78 in Wylie, the recently delivered building provides tenants with direct access to SH 78, proximity to a robust labor base, multiple access points, the ability to secure a truck court, close proximity to KCS Intermodal, a substantial 342,000 lift capacity, and access to heavy power. In addition, the state-of-the-art rear-load facility features a 36’ clear height, a 7” reinforced concrete slab, 55 dock-high doors, 185’ truck courts, 80 trailer stalls, and 154 car parks.

Cresset Real Estate Partners, a Chicago-based real estate investment firm with $4 billion of gross assets under management across industrial, multifamily, and office investments, partnered with Lovett Industrial on the development of the Wylie Business Center. 

Chint Power Systems is anticipated to occupy the building in Summer 2024.

Dallas-based Apricus Realty Capital expanded its industrial outdoor storage portfolio with the acquisition of 9987 Wallisville Road in Houston.

The 8-acre parcel provides fully secured truck parking for a freight logistics operator alongside a truck-servicing facility and office building.

Acquired in a programmatic joint venture with ABR Capital, Apricus was self-represented by Managing Principal Matt Haley, Vice President Garrett Marler and Associate Cort Martin.

This IOS acquisition follows Apricus’ most recent purchase of 12400 and 12402 Taylor Road in Houston.