Stillwater Capital And WoodHouse Break Ground On $750M Project In Plano: The DFW Deal Sheet
Work on a $750M mixed-use project on the largest undeveloped site in Plano got underway last week.
The Haggard family, Stillwater Capital and WoodHouse broke ground on the mixed-use Haggard Farm project situated on around 130 acres at the corner of Spring Creek Parkway and Parkwood Boulevard. The development will include 650K SF of office, 100K SF of retail, a 125-key boutique hotel, 800 multifamily units and more than 10 acres of green space on a farm that has been in the Haggard family since 1856.
“We’re delighted to lead the evolution of the property into a mixed-use development that celebrates its rich history in an authentic and community focused way,” Stillwater Capital Managing Director Clay Roby said in a statement. “Haggard Farm will offer curated hospitality experiences, thoughtful work environments, and residential spaces that feel like home.”
The first phase of the project will include 100K SF of retail, 350 residential units, 188 townhomes and extensive hiking and biking trails.
WoodHouse plans to integrate a private social club into the hotel complex. The retail space will be built in partnership with The Retail Connection and feature national and local shops.
SALES
Boulder Peak Capital sold the 300-unit Reatta Ranch multifamily property in Justin to an undisclosed buyer. The garden-style community was built in 2020 on more than 17 acres.
Institutional Property Advisors’ Taylor Hill, Michael Ware, Drew Kile, Joey Tumminello and Shelby Vosburg represented the seller and procured the buyer.
***
Fort Worth-based Lone Cypress Realty acquired the 118K SF office building at 15301 Spectrum Blvd. in Addison from DRA Advisors as part of an off-market transaction. The Class-B building was 76% occupied at the time of sale. Colliers’ Cody Payne represented both the buyer and the seller in the transaction.
***
An affiliate of Grandview Partners sold the 616K SF Core45 Building 1 industrial asset at 1401 E. Pleasant Run Road in South Dallas to LBA Logistics. The Class-A facility was completed in 2023 and sits on nearly 34 acres. The property is 48% leased to Owens Corning. JLL’s Trent Agnew, Tom Weber, Pauli Kerr and Carson Stogner represented the seller.
***
Northwood Investors sold the nearly 231K SF The Offices at Park Lane property at 8070 and 8080 Park Lane in Dallas. DFW Land purchased the two-building office assemblage. The Offices at Park Lane was constructed in 1972 and 1975 but has undergone significant modern upgrades. It was 66% leased at the time of the deal. Newmark's Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan represented the seller in the transaction.
LEASES
Transwestern Real Estate Services brokered a renewal and expansion lease totaling nearly 469K SF for home comfort product manufacturer Lasko’s expanding fulfillment operations at 900 Terminal Road in Fort Worth. Lasko renewed the 218K SF it had occupied and added the nearly 251K SF remaining in the building, bringing it to 100% occupancy. Transwestern’s Todd Hawpe, Jeff Givens and Lyndon Todd negotiated the renewal and expansion.
***
Global law firm K&L Gates LLP leased nearly 23K SF of office space at 2828 N. Harwood St. in Dallas. The firm consolidated its Fort Worth office into the new Dallas location, which occupies a whole floor in the building.
CONSTRUCTION AND DEVELOPMENT
Centurion American Development Group will open Hotel Dax in Addison during the first quarter of 2026. The 426-room hotel at 14315 Midway Road will open with Phase I renovations completed, including nearly 32K SF of meeting space, four dining and beverage venues, and interiors by Merriman Anderson Architects. A second phase of development is planned for 2027. Dallas-based Dreamscape Hospitality will manage the property.
***
Old Celina and G-Man Development partnered with Trademark Property Co. to lead the development of the 150-acre, master-planned Shawnee Trail project in Celina. The project is being built along Preston Road and the Collin County Outer Loop in collaboration with the Celina Economic Development Corp. Leasing for the project will be a joint effort between Shop Cos. and Trademark.
FINANCING
Gantry secured a $10M permanent loan to refinance the 105K SF Metroplex Plaza retail center at the intersection of West Airport Freeway and North Story Road in Irving. Gantry’s Mark Ritchie and Austin Ridge represented the borrower, a private real estate operator. Gantry will service the 10-year, fixed-rate loan.
***
Mesa West Capital provided a $42M first mortgage loan to a joint venture between Knightvest Capital and TPG Angelo Gordon for the acquisition and renovation of the 149-unit Perry Row townhome community in Dallas. The five-year, non-recourse loan is secured by the 16-year-old development at 6044 E. Lovers Lane.
The property has undergone limited capital improvements since it opened, but the new owners plan to implement a comprehensive renovation program for the exterior and common areas as well as full unit interior renovations. The financing was arranged by JLL’s Mark Brandenburg.
***
Avatar Financial Group LLC funded a nearly $9.4M loan secured by Two Forest Plaza, a repositioned office and medical office building in North Dallas. The 18-month, interest-only bridge loan, structured at 52% loan-to-value, recapitalizes the sponsor’s investment after a successful repositioning effort that brought the 196K SF asset to 51% occupancy.
Located at 12201 Merit Drive in the Park Central submarket, Two Forest Plaza is an 11-story tower that caters primarily to medical office users. The sponsor acquired the asset through the purchase of a defaulted note and has since spent more than $5M on renovations and leasing costs. Upon stabilization, the sponsor plans to refinance the property or pursue a sale.
PEOPLE
JLL announced that Torrey Littlejohn will lead its North Texas brokerage teams. Littlejohn has been with the firm for more than two decades and has led its Dallas Office Tenant Representation Group since 2022. Littlejohn will oversee business operations and provide strategic counsel and direction, focusing on leading high-performing teams, fostering talent development and furthering client relationships.
THIS AND THAT
Real estate investment and development firm M2G Ventures raised more than $500K for its Mental Health Initiative during its sixth annual fundraising gala. The funds benefit the University of Texas Southwestern’s Center for Depression Research & Clinical Care in Tarrant County and the Jordan Elizabeth Harris Foundation and its Summit for Research.
***
The Real Estate Technology & Transformation Center appointed LeaseLock CEO Janine Jovanovic as its tech vice chair.
***
Bradford Commercial Real Estate Services Executive Vice President Joe Santaularia was named 2026 president of the independent commercial real estate brokerage firms network CORFAC International.
