Recent activity in Texas commercial real estate highlights a mix of talent moves, retail investment and new industrial development. Dallas-based Holt Lunsford Commercial Investments has added Brad Davey as managing principal, tasking him with leading acquisition efforts with an emphasis on shallow-bay industrial opportunities. Davey brings more than two decades of experience acquiring and managing industrial, multifamily, retail and office properties across the United States, and most recently served as managing director and senior acquisitions officer for Clarion Partners’ Central Region, where he led more than $2.5 billion in acquisitions.
On the investment sales front, NAI Legacy has expanded its footprint into Texas with the acquisition of a new-construction Tom Thumb grocery store in Sunnyvale. The firm purchased the 59,000-square-foot property for $18 million at 3400 N. Belt Line Road, approximately 15 miles east of downtown Dallas. The store, which opened in December 2025, is Sunnyvale’s first major grocery store and serves as the anchor for the town’s Gateway Park retail development, underscoring the location’s role as a key retail node for the community.
In the industrial sector, Welcome Group has started construction on Lower Kirby Business Park, a 25-acre master-planned industrial campus in Pearland, Texas. Located at 15020 Kirby Drive near the southwest corner of Beltway 8 and State Highway 288, the project is planned to deliver 250,450 square feet of Class A industrial space across four buildings. As construction gets underway, Welcome Group has also secured an 87,450-square-foot lease with Thorpe Plant Maintenance & Engineering, which will serve as the development’s first tenant and help establish initial occupancy momentum for the new business park.
Together, these updates point to ongoing capital deployment and development across Texas, ranging from institutional-grade grocery-anchored retail in the Dallas area to new Class A industrial capacity in Pearland. The leadership addition at Holt Lunsford Commercial Investments further signals continued appetite for acquisitions, particularly in the shallow-bay industrial segment, even as investors and operators remain selective about location, tenancy and asset quality.
