Atlanta-based Cousins Properties’ $218 million acquisition of the Link at Uptown was the largest transaction on the books for 2025 when it was completed.
The firm has retained JLL to handle leasing from the 292,000-square-foot property, which is currently more than 93% leased.
JLL senior managing directors Blake Shipley and Trevor Franke, and executive vice president Gini Rounsaville will handle office leasing for the property.
“We are thrilled to add The Link to our growing lifestyle office portfolio in Dallas,” Cousins executive vice president of operations Richard Hickson said in a statement. “We are also excited to partner with JLL in leasing the project. JLL has assembled a fantastic team with an impressive command of the market and a proven track record of success at The Link.”
D-FW Real Estate News
Citadel Partners brokers three flex buildings in Allen
Dallas-based commercial real estate firm Citadel Partners completed the sale of three buildings at Allen Exchange, a 71,920-square-foot flex development developed by Gillett Commercial.
The largest 51,000-square-foot building was purchased by Texas Star Pharmacy. Well Go USA Entertainment, a global distributor of action and independent films, purchased a 10,600-square-foot building. The buyer of the final building was not disclosed.
Citadel senior advisor Katherine Pool and partner Mac Morse brokered the deal.
“The type of buyer who is looking for these types of properties is usually a local business owner,” Pool said. “The school districts in Allen and surrounding areas are fantastic, and the [Highway] 75 corridor is in the middle of the metro’s path of growth.”
New apartments in downtown Denton
Holt Lunsford Commercial began construction earlier this year on The Renegade, a four-story apartment complex with 104 units in downtown Denton.
Construction began in February 2025 and is expected to be finished by mid-2026.
The 120,000-square-foot building is located at 260 W. Mulberry Street.
The firm has also launched HL Communities, a vertically integrated multifamily development and construction company, with the start of this new project.
Archon Corporation of Grapevine is serving as the project architect and design consultant. HL Communities, alongside Colo Development Partners, is providing construction management and development services, with Harmony Bank as the construction lender.
Leasing and management services will be handled by Westwood Residential.
Groundbreaking on Carrollton apartments
The NRP Group has broken ground on Jackson Road, a 370-unit apartment complex in Carrollton.
The complex, located at 2255 N. Broadway St., will feature one-, two-, and three-bedroom homes with dens.
The average unit size will exceed 1,000 square feet. The 661,000-square-foot development is four stories tall.
Financial partners for Jackson Road include equity partner H.I.G. Capital and lender First Citizens Bank.
Construction commenced this month with completion and initial occupancy scheduled for late 2026.
Terrell development gets $29M in financing
Northspur, a planned residential community in Terrell, received $29 million to help fund public infrastructure construction.
The Texas Infrastructure Program, a team of consultants that helps developers receive non-recourse, early-stage financing, announced the transaction in late July.
The group issues tax-exempt bonds that are repaid through municipal utility district reimbursements.
Northspur is a 700-acre development that will hold more than 1,500 homes and a 121-acre nature preserve. The $29 million transaction was secured in partnership with Starwood Land.
Houston firm closes $25M investment fund for DFW expansion
Pagewood, a Houston real estate investment firm, has closed a $25 million investment fund and is expanding into Dallas-Fort Worth and Central Texas.
Paul Coonrod, Pagewood’s founder and managing principal, said the fund provides the liquidity the company needs to capitalize on opportunities in the region’s high-growth corridors including developments and acquisitions.
The company added multifamily veterans Susan Pohl as senior vice president and Daniel Burnum as an investment analyst to spearhead its Dallas-Fort Worth and Central Texas push.
The firm, which already manages a $300 million Houston portfolio also plans to leverage a proprietary data science platform to guide its investments in the region.