DFW Commercial Real Estate Headlines

TSMC is reportedly considering North Texas, with Sherman as a leading site, for a major new chip fabrication plant as part of a broader expansion push. Nothing is confirmed yet, but the interest adds to the region's growing semiconductor manufacturing cluster.

GGP plans to redevelop the former Dick's Sporting Goods space at Frisco's Stonebriar Centre into an open-air dining and retail district, with construction targeted for early 2027.

Dallas-Fort Worth was ranked the top U.S. real estate market to watch for the third consecutive year in ULI and PwC's Emerging Trends 2027 report, even as survey respondents' overall optimism cooled industry-wide.

Younger Partners bought the fully leased Crossroads at Terrell retail center in a deal it says works on rent growth and occupancy alone; the same roundup includes a new Hunt Realty/Prologis 780-acre logistics park JV in Terrell and a $94M refinancing on a Midlothian industrial portfolio.

Dallas-based developer KDC is seeking $3.5 billion in credit-tenant-lease debt, arranged by CGA Capital and CBRE, to finance AT&T's 2.3-million-square-foot headquarters campus under construction on 54 acres in Plano.

Panelists at Bisnow's Collin County State of the Market event said corporate relocations like AT&T and Samsung Electronics America, combined with mega-projects such as Fields in Frisco and the Dallas Stars' sports district, are driving renewed office demand north of Dallas.

Carrier Global plans to spend more than $600 million converting an existing 1.2 million-square-foot building at Hillwood's AllianceTexas park into an advanced manufacturing and engineering center, creating roughly 1,500 jobs.

Hunt Realty has begun marketing NorthEnd Tower, a proposed 30-story, roughly 670,000-square-foot office high-rise next to Goldman Sachs' $709 million Victory Park campus, though no city permits have yet been filed.

High Street Residential, a Trammell Crow Co. subsidiary, has started construction on a 435-unit apartment project at 5550 LBJ Freeway in Dallas, demolishing three vacant office buildings to make way for the mixed-income development.

Plano voters will decide in November on a package of new taxes on hotels, car rentals, tickets, and event parking to help fund up to $700 million toward a new Dallas Stars arena and surrounding $3 billion sports and entertainment district at The Shops at Willow Bend. The outcome will determine whether one of DFW's largest pending mixed-use developments, which includes nearly 2 million square feet of office space, moves forward as planned.

Dallas-Fort Worth's office vacancy rate fell to 24.6% at the end of the third quarter, down 40 basis points from Q2, as the market absorbed roughly 1 million square feet of space with zero new deliveries, according to a CBRE report. Leasing activity also picked up meaningfully, rising to 2.52 million square feet from 1.8 million square feet the prior quarter, a sign that DFW's prolonged office correction may be stabilizing.

Developers and city officials speaking at a Bisnow forum pointed to projects like Hoque Global's $1 billion University Hills development and the RedBird Mall's medical-anchored redevelopment as evidence that southern Dallas County is finally shedding its reputation as overlooked for investment. Panelists said a mix of new education, retail, and housing projects could gradually shift capital flows that have long favored northern DFW suburbs.

A Fort Worth nonprofit is raising $70M, up from an original $43M budget, to convert the city's former Ku Klux Klan headquarters into an arts and community center, with groundbreaking planned for next year and an opening targeted around 2029. The project is being positioned as a catalyst for further investment in the surrounding Historic Northside neighborhood near Panther Island.

Hines paid $170.5M for a nine-building mixed-use portfolio in Dallas' Bishop Arts district, picking up 539 apartment units and roughly 49,000 SF of largely leased retail space. The deal signals continued institutional confidence in stabilized, walkable mixed-use assets near downtown Dallas.

Bradford Commercial Real Estate Services arranged an early, long-term renewal of Test Valley LLC's HQ and lab lease at the 92K SF Royal Jetstar Tech Center in Irving, keeping the flex project's anchor tenant and full occupancy intact well ahead of the prior lease's expiration.

A joint venture of Hopewell Development and MBK Industrial Properties sold a 105,675-square-foot Irving industrial building to Blue Ocean TX Industrial, while CBRE added two senior Dallas-based leasing executives, Ward Richmond in industrial and logistics and Frank McCafferty overseeing U.S. and Canada office leasing. Cadence McShane also completed the first phase of Kyle Technology Park, a 75,000-square-foot warehouse and flex industrial project.

Fort Worth approved a roughly $6 million, 10-year tax abatement to help land a $192.7 million manufacturing plant from German connector maker Harting, a project expected to bring 700 new jobs to the city. The facility, slated for three sites in southeast Fort Worth, would produce industrial connectors used in data centers, semiconductors, and robotics.

Arlington is pushing to shed its car-centric, mid-century reputation with a wave of mixed-use redevelopment, led by Trademark Property Co.'s $135 million-plus overhaul of the former Lincoln Square into the 404,000-square-foot Anthem project. City leaders are also eyeing a Cowboys-driven entertainment district near AT&T Stadium modeled on Frisco's The Star.

Dallas-based Stonelake Capital Partners closed its eighth investment fund at $1 billion, blowing past its $900 million target and marking the firm's largest fund since its 2007 founding, with proceeds earmarked largely for warehouse, distribution, and logistics properties. The firm has already acquired roughly 2.3 million square feet of logistics space over the past year for about $200 million.

Developers Mike Hoque and Mike Ablon received a 10-month extension, to July 2027, to close on their purchase of Dallas' 72-story Bank of America Plaza, preserving more than $100 million in city incentives tied to a planned $409 million conversion of the tower into a mixed-use hotel, office, and retail property. The redevelopment would shrink office space from 1.8 million to 1.5 million square feet while adding 275 hotel rooms and a rooftop restaurant.

NorthPoint Development acquired Denton Crossing, a 701,123-square-foot, roughly 90%-leased industrial portfolio in Denton, from Scannell Properties. The deal shows continued investor appetite for stabilized, well-leased industrial assets along the northern edge of the DFW Metroplex.

Scannell Properties offloaded more than 1 million square feet of DFW industrial space in two separate deals, selling the 701K-square-foot Denton Crossing to NorthPoint Development and the 335K-square-foot 820 Crossing in Haltom City to Washington Capital Management. Both properties, completed in 2023, were nearly or fully leased at the time of sale.

Buchanan Capital Partners bought the 277,268-square-foot Churchill Tower in Dallas's Park Central submarket from TXRE, picking up a 93%-leased Class A office building anchored by accounting firm Carr, Riggs & Ingram. The deal adds to a run of investor interest in well-occupied, recently renovated Dallas office towers.

A state filing shows Colovore plans a $430 million, 156,500-square-foot AI data center in Fort Worth's AllianceTexas corridor, with construction set to begin in December 2026. The project adds to a wave of large-scale data center investment competing for industrial land along the I-35W corridor.

Midas Investments and GC Land Partners closed on 102 acres in Pilot Point for a planned mixed-use development, the latest in a string of large land sales as the fast-growing Denton County city expands. Younger Partners brokered the deal, which closed September 15.

Maryland-based Montclif and FCP acquired the roughly 200,000-square-foot 2401 Cedar Springs office tower in Uptown Dallas, home to JLL's regional headquarters, from Crescent Real Estate and plan a $5-10 million renovation.

The GSA is putting the 669,000-square-foot Fritz G. Lanham Federal Building and its adjacent parking garage in downtown Fort Worth up for sale as part of a federal cost-cutting push, opening a large office asset to private buyers.

Bisnow's latest DFW deal sheet rounds up several deals beyond its multifamily headline, including Provident Industrial's sale of a 161K-square-foot Arlington logistics building and Twinrose Investments' purchase of an Addison flex/office property, plus a 168-acre land buy in Aubrey.

Dallas-Fort Worth industrial construction surged past 33 million square feet as of July 2026, more than quadrupling the prior year's pace, while investment sales approached $4 billion. Rents still climbed roughly 7% year-over-year, showing landlords retain pricing power even amid the building boom.

Lincoln Property Co. and PGIM Real Estate acquired three medical office buildings totaling roughly 117,000 square feet across Dallas-Fort Worth and Phoenix, including two DFW properties leased to health systems like Texas Health Resources. Cap rates on the deals compressed to around 6.8%, reflecting strong investor demand for healthcare real estate.

Bisnow reports DFW's life sciences sector is gaining momentum, with job postings up nearly 6% year-over-year and new pharmaceutical investment from Novartis in Denton and Stallion Labs in Mansfield, though the region still trails hubs like Boston and San Francisco.

Fort Worth's Zoning Commission approved Dickies' request to rezone about 22 acres near U.S. 281 for a new warehouse and distribution building next to its existing facility, pending final City Council approval.

Arlington's city council approved a partnership with Trammell Crow Company to redevelop the city's largest downtown surface parking lot into a mixed-use project with housing, office, and retail space worth at least $123 million. The city will retain the underlying land and gain a new municipal office building through a 99-year ground lease.

Developer Goldenrod topped out the Van Zandt, a mixed-use tower on Fort Worth's West Seventh Street with 100,000 square feet of office space, apartments, and retail, part of a combined $400 million investment that also includes the nearby One University project. Van Zandt is expected to deliver space for tenant buildouts in mid-2027.

A roundup of seven major DFW developments spanning transportation, life sciences, data centers, and master-planned communities, from the $12 billion DFW Airport expansion to a $4 billion hyperscale data center in Bosque County. The piece frames Dallas-Fort Worth's growth as broad-based rather than concentrated in any single property type.

Shorenstein Investment Advisers bought the 300,000-square-foot Sherry Lane Place office tower in Dallas's Preston Center, a building that was already 93% leased at closing. It's the firm's fourth DFW acquisition in two years, signaling continued institutional appetite for well-leased office assets in the submarket.

Northampton Capital Partners and Provident Data Centers are jointly developing a 54-megawatt, water-efficient data center in the North Dallas Corridor set to open in late 2027, as CBRE pegs DFW data center vacancy at just 2.8%. The project adds to a red-hot niche of the DFW industrial and land market where available power and sites are increasingly scarce.

Granite Properties sold Factory Six03, a redeveloped 1903 landmark in Dallas' West End that's 78% leased to tenants including Sam's Club and Blue Cross Blue Shield, though the sale price wasn't disclosed. The deal shows continued investor interest in adaptive-reuse, historic office product even as much of the broader Dallas office market keeps working through vacancy.

Dallas-based tenant-rep firm Mohr Partners is expanding rather than selling, hiring Kameron Schroeder as president of brokerage and pushing beyond its existing portfolio clients to chase individual North Texas transactions. The move signals continued confidence from at least one major DFW brokerage in occupier demand even as some peers pull back.

Hall Group bought a 112,000-square-foot office building at 2525 McKinnon Street in Uptown Dallas from Elliott Investment and Morning Calm Management, with plans to rebrand it as Hall Uptown and renovate the lobby and suites. The property last traded for $46.8 million in 2017, giving tenants and landlords nearby a rough marker for how far Uptown office values have moved since then.

BGO and Alliance Industrial Company teamed up in an off-market deal to buy a 266,000-square-foot Class A distribution building in Fort Worth from Nutri-Bon Distribution, adding to the wave of institutional capital chasing DFW industrial product. No price was disclosed, but the joint venture underscores continued investor appetite for well-located, modern warehouse space in North Texas.

Amazon is investing roughly $98 million in a new 1.2 million-square-foot distribution center in Terrell, on the Metroplex's eastern edge along the US-80/I-20 corridor, another sign that big-box demand keeps pushing outward from the urban core.

CBRE's latest quarterly figures show DFW industrial vacancy easing further and net absorption accelerating, the seventh straight quarter of improving fundamentals in the market.

Rockbrook Equity acquired a nearly 2.2-acre industrial-zoned tract in Grand Prairie, one more sign of how little infill land is left in the tightly built-out Great Southwest submarket.

S2 Industrial picked up a 589,000-square-foot, 31-building multitenant campus along the Loop 820 corridor in Fort Worth, rebranding it Panther City Industrial Park, a deal worth watching for tenants eyeing smaller bay sizes in that submarket.

AllianceTexas continues to be one of the most active industrial submarkets in the Metroplex, adding another 770,000 square feet as manufacturers and logistics users keep committing to North Fort Worth.