A series of high-value commercial real estate transactions are signaling robust activity across key U.S. markets. In Houston, MetroNational has initiated leasing for a major West Houston office tower, while significant deals in Dallas, Kansas City, and Boston highlight strong investor confidence in the office, retail, and multifamily sectors.
These transactions, ranging from large-scale office redevelopment projects to the acquisition of fully leased retail centers, provide a snapshot of current investment trends. The deals reflect a dynamic market where companies are actively expanding, relocating, and investing in Class A properties to attract top talent and meet growing consumer demand.
Key Takeaways
- MetroNational appointed JLL to lease the 451,000-square-foot former Marathon Oil headquarters in Houston.
- Stream Realty Partners will manage the $300 million redevelopment of The Sinclair office tower in Dallas.
- Tanger acquired the 690,000-square-foot Legends Outlets in Kansas City for approximately $130 million.
- Stockbridge Capital Group purchased the Uptown Boca shopping center in Florida for $118.5 million.
- Significant leasing and sales activity is also occurring in industrial, multifamily, and smaller retail spaces across Texas and other states.
Houston's Office and Industrial Markets See Major Moves
Houston's commercial real estate landscape is experiencing a flurry of activity, led by a significant move in the office sector. Developer MetroNational has enlisted brokerage firm JLL to market and lease 990 Town and Country Blvd., a prominent 451,000-square-foot building in the CityCentre district. MetroNational acquired the mostly vacant, 15-story tower from ConocoPhillips in August.
The building, previously the corporate headquarters for Marathon Oil, is positioned as a premier office location in one of Houston's most desirable submarkets. JLL's leasing team, including Jon Dutton, Tyler Garrett, and Jack Russo, will spearhead the effort to attract new tenants.
"990 Town and Country Blvd. represents the highest quality building in the tightest submarket in the city," said Jon Dutton of JLL. "It is clear that tenants are viewing this as a once-in-a-cycle opportunity to secure space that attracts and retains top talent."
Industrial and Service Sector Growth
Houston's industrial market is also showing strong signs of growth with several companies expanding their footprints. Hospitality Solutions completed two major transactions, subleasing its 26,847-square-foot space at Interwood Business Center and signing a new lease for a larger 48,000-square-foot facility in Jersey Village. Colliers represented the company in both deals.
Other key industrial leases in the Houston area include:
- Adam’s Warehouse & Delivery expanded into a 29,419-square-foot space at 309 McCarty Street.
- A1 Plus Electrical moved into a 12,600-square-foot facility on the Northwest Freeway.
- Bedliners of Houston leased an 8,400-square-foot building in the North submarket.
- XXL Construction secured a 12,380-square-foot lease at 1655 Townhurst Drive.
Asset Living Partners with EliseAI
In a significant technology adoption, Houston-based property management firm Asset Living has partnered with EliseAI. The collaboration aims to streamline leasing, collections, and resident communications across its portfolio, which has grown from 70,000 units in 2020 to over 450,000 units today. This move highlights the increasing importance of AI and automation in managing large-scale residential properties.
Texas Real Estate Buzz Extends Beyond Houston
The dynamic real estate activity in Texas is not confined to Houston. Major transactions and developments are underway in Dallas, Fort Worth, and other key metropolitan areas, spanning office, industrial, retail, and residential sectors.
Dallas Office and Industrial Projects Take Center Stage
In downtown Dallas, Stream Realty Partners has been selected to manage leasing, property, and construction for The Sinclair. This $300 million project redeveloped the 429,000-square-foot office tower formerly known as Energy Plaza. The building, which reopened in 2024, is part of a larger mixed-use development that includes 293 multifamily units.
The Dallas-Fort Worth industrial market continues to attract institutional capital. New York-based GTIS Partners acquired a 26-acre site to develop Remington 30, a 442,000-square-foot Class A industrial facility. The project is strategically located south of DFW Airport with direct access to Interstate 30, targeting large-scale logistics and distribution tenants.
DFW Retail and Residential Development
Investor appetite for retail remains strong. Westwood Financial acquired the fully leased, 80,599-square-foot Shops at Stone Creek in Rockwall, anchored by a Tom Thumb grocery store. Meanwhile, new leases at The Sound at Cypress Waters in Dallas include restaurants and wellness spas, indicating continued demand for experiential retail.
Fort Worth and San Antonio Multifamily Growth
The multifamily sector is also expanding. In Fort Worth, Trademark Property Co. has broken ground on Westbend Residences, a 321-unit community in the University District, with completion expected in early 2027. In San Antonio, the 261-unit River House multifamily property, located along the River Walk, was sold to an undisclosed buyer. The property was 95% occupied at the time of the sale, underscoring the high demand for well-located rental housing.
National Commercial Real Estate Highlights
Beyond Texas, significant commercial real estate transactions are taking place from the Midwest to the East Coast, reflecting broader national trends in retail and office investment.
Major Retail Center Acquisitions
In a major retail deal, Tanger acquired Legends Outlets, a 690,000-square-foot open-air center in Kansas City, Kansas, for approximately $130 million. The property is 93% occupied with over 100 stores and entertainment venues. This acquisition demonstrates investor confidence in well-performing, experience-oriented retail destinations.
Similarly, in Florida, Stockbridge Capital Group purchased Uptown Boca for $118.5 million. The 194,927-square-foot shopping center is 100% leased to high-profile tenants like Whole Foods Market, REI, and Sephora, highlighting the value of grocery-anchored and necessity-based retail assets.
In Boston's prestigious Back Bay neighborhood, The Hennick Group acquired the Mandarin Oriental Retail Collection for $83 million. The 28,856-square-foot luxury retail property, located at the base of the Mandarin Oriental Hotel, is over 82% leased.
Office and Hospitality Sector Transactions
The office market also saw notable activity. In Centennial, Colorado, a suburb of Denver, NexGen Properties acquired Corporate 25, a three-building office campus totaling 134,598 square feet. The property was 90% leased at the time of the sale, indicating stable demand for suburban office space.
In the hospitality sector, several key sales were completed. The 302-key Inverness Denver, a Hilton Golf and Spa Resort, was sold by Silverwest Hotels. Additionally, the 78-key Fairfield Inn & Suites Albany Airport in New York and the 131-room Courtyard Memphis Collierville in Tennessee were also acquired by new owners, signaling continued transaction velocity in the hotel market.
