Logistics Property Company, also known as LogiPropCo, has executed a full-building lease totaling 1,004,000 square feet at 114 Logistics Park in Justin, Texas, with a packaging company as the tenant. The transaction fills the entire building and underscores ongoing demand for large-format logistics facilities in the region.
Earlier this year, LogiPropCo also closed on land for its newest Texas industrial development, Bear Creek Logistics Park. Construction on the first phase is underway. Phase 1 is planned to include two buildings: a 144,000-square-foot Building A and a 390,000-square-foot Building B. Both assets are scheduled for delivery in early 2028, adding new Class A industrial capacity to the Texas logistics pipeline.
On the corporate front, STAG Industrial, a real estate investment trust focused on single-tenant industrial properties across the United States, has expanded its leadership team in Texas. The company hired Ryan Grove as Vice President of Asset Management in Dallas, TX. In this role, he is responsible for the overall performance of a regional portfolio of institutional-quality assets in Dallas and selected markets across the Midwest and Southeast. Grove previously served as Vice President of Real Estate Development for Ryan Companies. Executive search firm RETS Associates handled the recruitment.
Office fundamentals in Dallas continued to improve through the first half of 2026, according to JLL’s Dallas Office Market Dynamics and Statistics, Q2 2026 report. The market recorded 500,551 square feet of year-to-date net absorption through the end of the second quarter, marking another period of positive absorption. JLL noted that companies are continuing to favor newer, high-quality office space, signaling a gradual return of demand despite broader economic uncertainty.
In the multifamily sector, Endeavor Real Estate Group, in partnership with Canyon Partners Real Estate, has secured construction financing for Lucille, a new luxury multifamily tower planned for Uptown Dallas. The project is located at 2700 McKinney Avenue. Lender Helaba is providing the construction financing for the development. Endeavor expects to start construction later this summer, with the community anticipated to open to tenants in the fourth quarter of 2028.
Taken together, the large industrial lease, new logistics development activity, strengthening Dallas office absorption, and the launch of a financed multifamily tower illustrate the breadth of ongoing commercial real estate activity across Texas heading into the second half of 2026.
