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Texas Real Estate Briefs from Realty News Report

Houston real estate news items from Realty News Report – (see Texas statewide briefs below)

Mike Spears

Lee & Associates – Houston represented 6811-6815 Gant Road LLC in the lease of a 13,280 SF industrial manufacturing building on Gant Road. Mike Spears, Robert McGee and Mason Alsbrooks of Lee & Associates – Houston represented the landlord. The tenant was Black Diamond Real Estate, Inc.

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Lee & Associates Houston represented Opicoil Houston Inc. in the lease of a 7,497 SF office space at 3040 Post Oak Blvd. Travis Taylor of Lee & Associates – Houston represented the tenant and Matthew Volz and Ryan Barbles with Stream Realty represented the landlord, MCP 3040 Post Oak, LLC.

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Chris Caudill, NAI Partners

NAI Partners recently arranged a 46,150 SF industrial lease for Flo Trend at 1400 Kowis St. NAI’s Chris Caudill and Joel Michael represented the landlord, NRE LLC. Stephen Schneidau with Cushman and Wakefield and Bill Schneidau with Independent Real Estate Commercial represented the tenant, Flo Trend, which designs and fabricates specialty products for the municipal, industrial, oil and gas sectors.

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NAI Partners is selling the fully operational Town In City Brewing Co. in the Heights. The 3,749 SF building at 1125 W. Cavalcade and 10,000 SF of land are available, with or without brewing equipment. The asking price without the apparatus is $1 million. NAI Partners’ Nick Terry and Joe Bright represent Town In City. The firm’s Larry Koestler helped pursue the listing. Town In City Brewing must move and expand to accommodate its cider-producing arm, Houston Cider Co.

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Lee & Associates-Houston represented Griffin Partners in the lease of a 2,299-square-foot office space at 2001 Kirby. Chris Lewis and Jill Nesloney of Lee & Associates-Houston represented the landlord, and Christian Connell with Transwestern represented the tenant, Stylesco.

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Tyler Garrett

Transwestern Commercial Services (TCS) has been retained by James and Daniel Warmack to provide office leasing services for Research Forest Lakeside, a 77-acre, mixed-use development on Lake Woodlands in The Woodlands. Currently, five office buildings comprise some 1 million SF and an additional four office buildings totaling 629,404 SF are slated for future construction. The TCS office leasing team of Eric Anderson, Tyler Garrett and Parker Burkett will lease the buildings at 9501 Lakeside Blvd., 9500 Lakeside Blvd., 2465 Technology Forest Blvd., 2475 Technology Forest Blvd., 9709 Lakeside Blvd. and 2625 Research Forest Drive.

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Remote Medical Inc. signed a lease for 5,813 SF of flex space at 500 Century Plaza Drive. Century Plaza is a 49,640 SF flex space location near Bush Intercontinental Airport. Doc Perrier and Gerald Leveritt with Finial Group represented the landlord.

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NAI Partners recently arranged a 25,695 SF retail lease for soft goods retailer Crazy Boss at 1222 South Shaver St. in Pasadena. NAI’s Lesley Rice and Andy Parrish represented the landlord, Petereit Investments, Inc. Chis Holder of Bolder Capital represented the tenant.

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NAI Partners recently arranged a 4,250 SF office lease for Pediatrix Medical ServicesInc. at 600 Rockmead Drive, Kingwood. NAI’s Jacob Aldridge and Zach Leger represented the landlord. Emilie Burton of CBRE represented the tenant. Pediatrix provides maternal-fetal and pediatric medical and surgical subspecialty physician services.

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The Sam Moon Group, a Texas-based operator of industries from retail to commercial, held agrand opening and ribbon cutting March 29 for the new AMC Metropark Square 10 movie theater, the first tenant to open in its newest mixed-use development, Metropark Square.The 41,500 SF cinema with 10 screens opened to the public March 1. Metropark Square encompasses 175,000 SF of retail, restaurant and entertainment space on 70 acres in Shenandoah.

Texas Real Estate Briefs

Bart Wichard

Newmark Knight Frank (NKF) announced the sale of The Azure, a 156-unit, Class A apartment complex tht was 100% occupied at time of sale. Bart Wickard, Brian Murphy, Brian O’Boyle, Jr. and Matt Wideman from NFK’s Dallas-based team represented Odyssey Residential Holdings, LP, in the sale to an undisclosed buyer.

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Transwestern Investment Group has secured a full-building lease with CTDI at 1753 Chapin Drive in Fort Worth. On behalf of one of its separately managed accounts, TIG acquired the 705,955SFdistribution facility in December 2018, along with a 494,041 SF building at 15453 Wolff Crossing. CBRE’s Nathan Lawrence and Krista Raymond are providing industrial leasing services.

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Dalfen Industrial, a boutique real estate firm, has acquired 45.79 acres on the south side of Kearney Street west of Highway 352 in Mesquite for an undisclosed price. John St. Clair of Younger Partners represented the seller.

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The Hyatt Regency Stonebriar is topping out its 18-story, 303-room hotel under construction in Frisco. A lunch will be held April 12 to celebrate reaching the halfway point. A tree will be hoisted to the top of the structure signaling completion of the building’s skeleton. Sam Moon Group is hotel developer, Brasfield & Gorrie the contractor, HKS, Inc. the architect and Looney & Associates is managing the interior design.

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3 Park Central at 12700 Park Central Drive in Dallas signed leases totaling 17,169 SF for two tenants. C1 Insurance Group,LP, which leased 6,934 SF, was represented by Bret Hefton. Turner, Stone & Company,LLP, expanded its lease to 10,235 SF. Kathy Permenter, Sean Dalton and Garrett Marler of Younger Partners represented the landlord, McKnight Realty Partners.

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NAI Partners San Antonio recently arranged a 5,822 SF retail lease for Fuddruckersat 9950 San Pedro St. in San Antonio. The firm’s Baron Albright represented the tenant. Fuddruckers is a fast, casual restaurant chain specializing in hamburgers.

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Dunhill Partners acquired Village at Camp Bowie, a 180,000 SF retail center at 6115 Camp Bowie Blvd. in Fort Worth. The center, anchored by a Sprouts Farmers Market, is 89% leased with tenants that include Tuesday Morning, Verizon and Keller Williams. HFF represented the seller, a joint venture of Lincoln Property Company and Boston-based Long Wharf Capital.

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SAN ANTONIO  – JLL Capital Markets announced the successful sale of Nexus Urban Living in San Antonio. The 75-unit, recently updated multifamily asset, located at 6810 Glendora Road, was acquired by Nathan Mann, a New York City buyer.

JLL Senior Vice President Zar Haro lead the marketing and sales effort of the property, along with Senior Vice President Moses Siller and Vice President Robert Arzola, on behalf of the seller, 811 Darby, LLC.

April 8, 2019 Realty News Report Copyright 2019

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