Triten Real Estate Partners closes sale of industrial outdoor storage portfolio in Houston market

Triten Real Estate Partners completed the sale of an infill industrial outdoor storage (IOS) portfolio in the Houston market.

Marketed by CBRE, the “Houston Infill IOS Portfolio” is comprised of 11 properties across 117 improved acres strategically located just east of Downtown Houston. The assets offer direct access to major freight corridors – including the Inner 610 Loop, I-10, and Hwy 90 – and critical regional infrastructure, such as the Port of Houston terminals and the UP/BNSF intermodals.

Triten acquired the portfolio in 2022 from a local family, identifying significant upside in a fragmented submarket with high barriers to entry. Triten’s strategy centered on professionalizing operations, activating tenant relationships, and repositioning sites to meet the needs of IOS users.

Colliers report: Industrial sales activity on the rise

Investors are still sinking their dollars in U.S. industrial real estate, even with the threats of tariffs and other uncertainties facing the country’s economy.

That’s the most recent news from Colliers, which recently released its May Capital Markets report charting the performance of the main commercial real estate sectors in the United States.

And in good news for industrial real estate professionals, Colliers reported that the U.S. industrial sectors remains a favored destination for investment dollars. This isn’t overly surprising: U.S. real estate, despite its challenges, is still known as one of the safest investments. And the industrial sector, though not nearly as hot as it was during the days of the COVID pandemic, remains a solid performer.

How strong is the country’s industrial sector? Colliers reported that the U.S. industrial sector recorded $7.9 billion in sales volume in March. That’s a solid figure and is up 27% from a year ago and up 26% from February.

Other U.S. commercial sectors recorded strong performances, too.

The hospitality industry saw strong sales volume, too, recording $2 billion in sales volume in March. That is up 9% from March of 2024 and up 30% from February of this year.

The U.S. multifamily sector saw $9.2 billion in sales volume in March, up 20% on a year-over-year basis. That sales volume, though, was down 10% when compared to February.

The U.S. retail sector held steady, too, registering $4.5 billion in sales volume in March, up 30% year from the same month a year earlier. That figure was down 40%, though, from February.

The big laggard? Not surprisingly, it’s the office sector, which continues to face challenges from the work-from-home movement. According to Colliers, the U.S. office sector recorded $3.5 billion in sales volume during March. That is down 67% from the same month a year earlier and down 11% from February.

Whitestone REIT acquires 31,832-square-foot retail center in Austin

Whitestone REIT acquired the 31,832-sqaure-foot, restaurant-anchored San Clemente at Davenport retail center in Austin, Texas, which is just minutes from the Apple and Tesla campuses and situated amidst the bustling hub of the area’s several technology companies.

The San Clemente acquisition complements Whitestone’s existing Davenport Village retail center at the same intersection along Loop 360, one of Austin’s most traveled corridors, and marks the fifth neighborhood shopping center in Whitestone’s portfolio that is located in Texas’s capital city.

Whitestone plans to leverage its institutional knowledge of and strong position in the market to strengthen the performance of the asset and unlock its significant upside potential. Whitestone expects to capitalize on the center’s very strong dynamics and its own retailer relationships to position the property for long-term growth and relevance within the upscale neighborhoods it serves: Davenport Ranch, Westlake, Rob Roy and Barton Creek.

The center tenant mix includes Fresa’s, a local Mexican favorite with a welcoming atmosphere and outdoor patio that anchors the property, Iron Fitness, a state-of-the-art training and fitness facility and Greenlake Energy, an emerging energy technology company.

Walton Global closes sale of more than 1,500 acres for data center development in Austin market

Walton Global, a real estate investment and land asset management company, announced the sale of 1,515.9 acres in Caldwell County, Texas, to Tract Management Company. The site will become home to a future data center development.

This strategically located site is well positioned to anchor a growing digital ecosystem in the fast-growing Austin-San Antonio corridor.

Caldwell Valley is divided into two adjacent parcels. The first parcel, sprawling 1,088.37 acres, offers direct frontage along Highway 235 and Highway 230. The second parcel, consisting of 426.85 acres, contains frontage along Highway 270. These parcels provide exceptional access and proximity to critical infrastructure, further enhancing their appeal for future development.

Marcus & Millichap closes sale of 14,907-square-foot retail center in Magnolia

Marcus & Millichap negotiated the sale of Windcrest Village Square, a 14,907-square-foot multi-tenant retail center at 9533 FM 1488 in Magnolia, Texas. 

Allie Munday and Philip Levy, investment specialists in Marcus & Millichap’s Dallas office, represented the seller in the transaction. 

Built in 2023, the 1.56-acre property is fully leased to a complementary mix of national, regional, and local retailers, including The Toasted Yolk, Sugar Llamas, Anytime Fitness, Kitchen & Bath Shop, and Ally Anne’s Kolache Kitchen. The center is near major national retailers and is supported by an average household income of more than $180,000 within a one-mile radius. 

Cushman & Wakefield brokers sale of 282-unit multifamily community in Lewisville

Cushman & Wakefield represented locally based Huffines Communities in its sale of Heritage Towers in Lewisville, Texas.

Cushman & Wakefield’s Asher Hall and Grant Raymond represented Huffines in its sale to an undisclosed buyer.

Located at 1600 N Summit Ave., Heritage Towers is a 282-unit luxury multifamily community that was built in 2022.

Lewisville, Texas, continues to establish itself as a dynamic submarket within the Dallas-Fort Worth Metroplex, offering strong connectivity to major employment hubs in both Dallas and Fort Worth. The area has experienced sustained population and job growth, underpinned by high-quality schools, a skilled labor pool, and significant nearby commercial developments like Grandscape and the revitalization of Old Town Lewisville. Its proximity to lifestyle amenities such as Lake Lewisville and expansive outdoor recreation further enhances its appeal to residents and investors alike.