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Real Estate Briefs – from Realty News Report

HOUSTON – Colliers International announced that Action Behavior Centershas leased 10,709 SF at 2620 Technology Forest Drive in The Woodlands. Elena Bakina of Colliers represented the tenant in lease negotiations with the owner, Black Forest Ventures. Action Behavior Centers, founded in Austin, now has six Houston area locations. It provides Applied Behavior Analysis therapy for children with autism.……………………………………………

Commercial real estate services firmAvison Younghas negotiated a lease for 22,500 SF of industrial space at 1150 Hall Court in Deer Park. Bob Berry and Grant Hortenstine from Avison Young represented the tenant, Vac2Go, LLC. Copeland Rhea represented the landlord, Clay Development.…………………………………………..

NAI Partners recently arranged the sale of an 86,655 SF office and warehouse facility on about 10 acres at 13840 Pike Road in Missouri City. NAI Partners’ Clay Pritchett and Zane Carman represented the seller, Champions Fairway, Ltd. The buyer, Full Plus, LLC, was represented by Bridge Commercial Real Estate’s Will Austin and Hunter Johnston.

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Lee & Associates – Houston negotiated the lease of an 88,000 SF industrial property at 701 Plastics Avenue in Houston. C.E. “Trey” Erwin III, Robert McGee and Dalton Knipe of Lee & Associates – Houston represented the landlord. The tenant is Grow Texas Plastics, LLC.

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NAI Partners Investment Sales recently arranged the sale of the Ferguson Bath, Kitchen, & Lighting Gallery building located at 13511 Westheimer in Houston. The property is a 13,200 SF, single-tenant retail building leased to Ferguson Enterprises. Jason Ridenbaugh from NAI was responsible for completing the transaction

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Reed Vestal and Taylor Schmidt of Lee & Associates – Houston represented PSC Industries, Inc.in the lease of a 72,319 SF of industrial space at 1903 Tellepsen Drive in Houston. Dayne Wunderlich, Steve Hazel and Ryley Caton of Insite Realty represented the landlord, Billingsley Company.

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Lee & Associates – Houston represented Limetree Bay Servicesin the sublease of 13,241 SF of office space in CityCentre3. Chris Lewis and Jill Nesloney of Lee & Associates – Houston represented the tenant.

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Lovett Dentalrecently leased a 1,822 SF space in the 5230 Buffalo Speedway Shopping Center at Buffalo Speedway & Bissonnet Street in Houston.  Jack Savery and Josh Jacobs of EDGE Realty Partners represented the landlord and Todd Moseley of Moseley Commercial Real Estate, Inc. represented the tenant.

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Newmark Knight Frank took part in the following recent transactions in the Houston area.

  • BBC Chartering USA, LLC, extended a 26,751 SF office lease at West Loop I, 6565 West Loop S in Bellaire. Joshua Brown, Reggie Beavan III and Audrey Selber of NKF represented the tenant in talks with the landlord, Kepper-KBS West Loop I and II, Inc.

  • Garver, LLC, obtained a new, 13,453 SF lease in the commercial office building at 402 Harvey Mitchell Parkway S. in College Station. NKF’s Trace Elrod and Garrett Gibbons represented the tenant. Stafford Barrett Commercial Brokerage represented the landlord, CLLVP Phase II, LLC.

  • Pursuit Oil & Gas, LLC, extended a 10,304 SF office lease at Three Memorial City Plaza 8450 Gessner Road, Houston. Joshua Brown and Andy Iverson of NKF represented the tenant. The landlord is Memorial City Towers, LLC.

  • Hybrid Global Logistics Services obtained a new office sublease for 4,348 SF in the Towers at Westchase II, 10350 Richmond in Houston. David Husid and Taylor Scheps of NKF represented the tenant while CBRE represented the landlord, Triplepoint Technology Inc.

  • R2 Logistics Inc.obtained a new office lease for 992 SF at 363 North Belt, 363 N. Sam Houston Parkway, East Houston. Taylor Scheps represented the tenant while Phoenix Realty Group represented the landlord, The Realty Associates Fund X, LP.

  • CDAB IV, LP purchased 5.71 acres of industrial property at 1010 Lockwood Drive, Houston. Rob Stillwell represented the seller, Flint CPS Inks North America, LLC while North American Title Company represented the buyer.

  • M. Lafleur recently obtained a new retail lease for 2,380 SF at Post Oak Central III, 1990 Post Oak Blvd., Houston. Tom Havron and Eva Horton represented the landlord, PKY POC III, LLC, while Land Park Commercial represented the tenant.

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NAI Partners recently arranged a 4,031 SF retail lease for El Carboneroat 3040 FM 1960 in Humble. NAI Partners’ Patrick Keegan and Jason Gaines represented the landlord in the transaction

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Lee & Associates – Houston represented Farrell Road Properties, Ltd.in the lease of a 6,250 SF industrial space at 2956 Farrell Road in Houston. Thomas Leger and Mike Spears of Lee & Associates – Houston represented the landlord. The tenant is Leader Oilfield Trucking, LLC.

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Lisa Hughes of The J. Beard Real Estate Company recently represented Havenwood Land Developments, LP, in the lease of 58,978 SF at Havenwood Office Park, 25700 I-45 North in The Woodlands, to an undisclosed tenant.

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Texas Real Estate Briefs

Atlanta-based Mueller Co., LLCwill open a 26,250 SF southwest region distribution center at Dallas/Fort Worth Airport, signing a class A long-term lease for its 13thlocation in North America. The new center will be housed in Logistics Center 7 at 775 N. Royal Lane in Irving. Steve Trese of CBRE represented the landlord, EastGroup Properties LP. Nick Talley of Bradford Commercial Real Estate Services and Brandon Alexander represented the tenant.

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Trendmaker Homes, a member of the TRI Pointe Group, has announced the grand opening of its newest homes at Rancho Sienna, a 500-acre master-planned community in the North Austin metro city of Georgetown. Trendmaker’s third residential phase at Rancho Sienna features its first 50-foot lot offerings. A model is located at 305 Rancho Sienna Loop. Ranging in size from 1,538 SF to more than 2,800 SF, the 50-foot lot residences are priced from the high $290s.

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Dosch Marshall Real Estatewill open its North Texas Division at a new office location in Dallas/Fort Worth. This is Dosch Marshall’s second office location in Texas. The first is in The Galleria / Uptown Park in Houston. Trey McGhin recently joined the team at DMRE to lead the buyer representative team for the North Texas Division.

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National real estate briefs

Kalorama of New Orleans, LLC, has announced that sales have begun for the condominiums at 700 Magazine Street in New Orleans’ Warehouse & Arts District. The Kalorama Buildingrepresents the transformation of an entire block of Magazine Street into a 47-unit mixed-use development with residential and commercial spaces. 700 Magazine Street is rich with history. Most recently the site hosted the New Orleans Farmer’s Market at the corner of Magazine and Girod streets.

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JLL has closed the $39.75 million sale of Market Street at Heath Brook, a 393,387 SF regionally dominant, mixed-use lifestyle/entertainment village with office space in the Orlando-area community of Ocala, Fla. JLL marketed the property on behalf of the seller. Columbus Pacific purchased the asset.  The JLL Retail Capital Markets team that represented the seller included Danny Finkle, Luis Castillo, Eric Williams, Whitaker Leonhardt and Megan Fitzpatrick.

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Commercial real estate investment services firm Marcus & Millichap has announced the sale of 2902 North Armenia Avenue, a 14,221-square foot office property in Tampa, Fla. The asset sold for $2.1 million.Jaclyn Blair and Devin Guilliams from Marcus & Millichap’s Tampa office had the exclusive listing to market the property for the seller, an undisclosed developer.  The buyer, a partnership, was also secured and represented by Blair and Guilliams.

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The sale of Costa De Cocoa, a 50-unit apartment property in Cocoa, Fla., was announced by Marcus & Millichap, thecommercial real estate investment services firm. The sale price was listed at $3,275,000. Jason Hague, Adam Podbelski and Ned Roberts from Marcus & Millichap’s Tampa office had the exclusive listing to market the property for the seller, a limited liability company. In addition, the buyer, also a limited liability company, was secured and represented by Hague, Podbelski and Roberts.

Oct. 7, 2019 Realty News Report Copyright 2019

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