Wednesday , 21 August 2019
Breaking News

Real Estate Briefs from Ralph Bivins’ Realty News Report

Transwestern Commercial Services announced that CAM Integrated Solutions, LLC, has signed a new lease for 59,220 SF at 17000 Katy Freeway for its headquarters. Justin Leighton, Branon Pesnell and Lonna Dorman provided represented the tenant while Eric Anderson and Parker Burkett, all of TCS, provided office leasing services for the landlord, Insite Realty Partners, LP.

………………….

NAI Partners recently arranged a 3,200 SF lease for Brookdale Home Health at 5751 Blythewood St. Trey Martin of NAI Partners represented the tenant. Brookdale provides in-home health services and senior care.

………………….

EDGE Realty Capital Markets brokered the sale of Citywest Retail Center at 2550 Citywest Blvd. and 10550 Westheimer Road in Houston’s Westchase District. Micha van Marcke and Chace Henke of EDGE represented the seller.

………………….

Pomona Phase 2A, LLC, has sold 2.67 acres at Pomona Parkway and Croix Road in Manvel to MJA Development Partners. Brad LyBrand and Dave Ramsey of NewQuest Partners represented the seller. Kimberly Morris of KW Signature Realty represented the buyer.

………………….

Fresnius Kidney Care has leased 4,203 SF in the Shoppes at Fry Road, at TX 290 and Fry Road, from 290 Real Estate Fund, LP. Rebecca Le of NewQuest Properties represented the landlord. Carlos Izquierdo of Bayou City Commercial represented the tenant.

………………….

Sacred Leaf Zero CBD has leased 1,431 SF in Hearthstone Professional Plaza, 15003 FM 529, from SGRE Stone Center Ltd. Chris Dray and Rachael Keener of NewQuest Properties represented the landlord. Brett Harris of Landmark Real Estate represented the tenant.

………………….

Cabo Bob’s has leased 2,956 SF in the Fountain View Square Shopping Center at Fountain Viewand San Felipe. Travis Waltmon and Debbie Adams of EDGE Realty Partners represented the tenant and Bernstein Investments is the landlord.

………………….

Eastern Union arranged a $26 million bridge loan to acquire and redevelop a 587-unit multifamily property, Park Texas Apartments, 11911 Martin Luther King Jr. Blvd. The project is owned by a joint venture between the Auerbach Opportunity Fund II, LP, and Blue Magma Residential.

………………….

Valvoline, a worldwide supplier of automotive services and lubricants, has acquired two quick lube locations now operating as Valvoline Instant Oil Change service facilities at 5307 Louetta Road in Spring and 9865 Louetta Road in Houston.

………………….

TEXAS NEWS

Team ProMark, a supplier of licensed sports merchandise, has relocated from Colorado to 5001 North Freeway, north Fort Worth, signing a seven-year lease for 24,506 SF of office/warehouse space for its headquarters and national fulfillment center. Nick Talley, from the Fort Worth office of Dallas-based Bradford Commercial Real Estate Services, represented Team ProMark.

………………….

TerraCap Management, LLC, a privately held investment firm, has acquired Preston Park Financial Center in Plano. The property is comprised of two multistory office buildings measuring 367,500 SF. Dallas-based Lincoln Property Company will lease and manage it.  The seller was represented by Gary Carr and Robert Hill of CBRE. IberiaBank provided debt financing.

………………….

ClearWorth Capital, LLC, of Houston has acquired Arbors on Saratoga, a 252-unit multifamily property in Corpus Christi. It’s the 10th renovation undertaken by principals of ClearWorth Capital, a partnership of Dallas-based Seneca Investmentsand Houston-based NOI Property Management.

………………..

Transwestern Commercial Services has been retained by David Z. Mafrige Interests to provide leasing for Corpus Christi Medical Tower, a 105,000 SF building on Staples Street in Corpus Christi. Transwestern’s Ken Adams and ‘Licia Shreves are leasing it.

………………….

NATIONAL

United Airlines has announced it will keep its 850,000 SF headquarters at the Willis Tower in the airline’s hometown of Chicago while partnering with the building’s owner, Blackstone, in making investments to transform the current workspace and experience.

March 22, 2019 Realty News Report Copyright 2019

Leave a Reply

Scroll To Top
%d bloggers like this: