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HOUSTON – Deugro (USA) Inc. has obtained an office lease for 16,625 SF at 480 Wildwood Forest Drive in The Woodlands to relocate its headquarters.Steve Rocher and Jason Presley of CBRE represented the landlord, GeoSouthern Budde RD, LLC. Weldon Martin with CBRE Houston represented the tenant.……………………………………………………….

NewQuest Properties has acquired five acres at Interstate 10 and Grand Parkway/TX 99 in the Katy area from Parkside NEC Grand Parkway/I-10 LLC. Heather Nguyen of NewQuest Properties represented the buyer.……………………………………………………….

Growthforce, LLC has secured an office lease for 16,130 SF at 22001 Northpark in Houston. Rich Pancioli with CBRE in Houston represented the tenant. The landlord is Old Vine-Kingwood Associates, LLLP.………………………………………………………..

NAI Partners recently arranged a 15,916 SF office lease for GSA at Vibe Hobby,l ocated near Hobby Airport at 8866 and 8876 Gulf Freeway in Houston. NAI Partners’ Zach Leger, Jacob Aldridge and Lane Travis represented the landlord.

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Woodrock, LLC has renewed a 7,284 SF office lease at 4265 San Felipe in Houston. Steve Biegel with Newmark Knight Frank represented the tenant.

Kristen Rabel, Steve Rocher and Parker Duffie with CBRE in Houston represented the landlord, Ro Partners Ltd.

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NAI Partners recently arranged a 3,046 SF office lease for Brookdale Home Health at 15425 North Freeway in Houston. NAI Partners’ Trey Martin represented the tenant.

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An undisclosed private firm out of California has purchased 102,640 SF on 2.35 acres at 9419 Mesa Drive in Houston. The site contains a Fiesta-anchored shopping center with a seasoned mix of value-focused retailers. The seller, 2ML Real Estate InterestsInc., a commercial real estate services firm, was represented by Matthew Berry and Robbin Kilcrease with CBRE Houston.

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NAI Partners Investment Sales recently arranged the sale of Spring Stuebner Plaza, a 66,125 SF multi-tenant retail and office warehouse near Springwoods Village at 3332-3336 Spring Stuebner Road. The property was 100% leased at the time of the sale.  Both the buyer and seller were private investors. NAI Partners Investment Sales’ Josh Lass-Sughrue and Jason Ridenbaugh represented the seller, Spring Stuebner Realty Ltd.

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Foot Locker Retail, Inc. obtained a retail lease for 22,640 SF at 7584 Bellaire in Houston to relocate out of Plazamericas (old Sharpstown Mall).

Brian Ashby and Sydney Dixon with CBRE Houston represented the tenant. The landlord is B & V Center, LLC.………………………………………………………

Clint Hankla of Lee & Associates – Houston represented the landlord, Houston PFG, in leasing 29,350 SF of office-warehouse space in three buildings on Brown Road in Tomball.

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Fuller Realty Interests ,LLC, has purchased 66,893 SF on three acres at 10706 Craighead Drive in Houston. Seller of the industrial property, Lomi, Inc., was represented by William Rudolf and Kyle Golding with CBRE Houston.

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K-Kies Ltd. has acquired a 2,704 SF commercial building on 0.67 acres at 3120-A Southwest Freeway, Houston, from JP Morgan Chase Bank. Glenn Dickerson and Neal Thomson of NewQuest Properties represented the buyer. Jazz Hamilton and Russell Janicek of CBRE represented the seller.

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TEXAS DEALS

NAI Partners recently arranged the purchase of 1.09 acres (47,660 SF) for Project Transitions, Inc. at 8007 Burnet Road in Austin. NAI Partners’ Troy Martin and The Kucera Companies’ David Stojanik represented the buyer. Neil Stokes with Special Agent Group represented the seller. Project Transitions is dedicated to serving people with HIV and AIDS by providing supportive living, housing, recuperative care and hospice in compassionate and caring environments.

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Worksuites, a growing provider of office solutions, has leased 19,706 SF in Allen Place I, making a 10-year commitment to its newest class A location in the far northern suburbs of Dallas, said Richmond Collinsworth of Dallas-based Bradford Commercial Real Estate Services. Collinsworth and Bradford colleagues Susan Singer and Jared Laake leased the 102,471 SF office building for the landlord, Allen Place Office Building I LLC.  With the new lease, the three-year-old building is 89% occupied. Worksuites has 15 locations in Dallas/Fort Worth four in Houston.

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Newmark Knight Frank recently took part in two transactions in Austin:

  • Siemens Real Estate Inc.extended its office lease for 32,671 SF at 9225 Bee Caves Road, Building 2. John Wolf, Brian Cheek and Casey Hilbun represented the tenant. The landlord is Texas Research International Real Estate, LLC.
  • Delta Talent LLChas acquired a new office lease for 3,070 SF at Southpark I, 1701 Directors Blvd. Joshua LaFico represented the tenant. The landlord is Southpark One Investments LLC.

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NATIONAL

Houston-based NewQuest Properties has acquired the 117,391 SF Andersen Fiesta Shopping Centerin southeast Phoenix, closing on its first wholly owned asset in Arizona for a major redevelopment. Nearly $10 million will be invested into redeveloping and re-tenanting the center at 1760 W. Chandler Blvd. in Chandler, with high-end international restaurants and retail, mirroring two of NewQuest’s successful Asian-influenced developments in North Texas. Already committed to NewQuest’s project is 99 Ranch Market, which will open its first corporate-owned store in Arizona in the 44,450-SF shuttered Basha’s grocery. NewQuest purchased the center, which has been renamed Chandler Ranch Shopping Center, from LNR Partners after the 35%-leased property was pulled from the auction block.

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JLL announced it has arranged $8.37 million in acquisition financing for Chateau Park Apartments, a 71-unit, value-add, garden-style apartment community near downtown Boise.JLL worked on behalf of the borrower, Allante Properties. The JLL Capital Markets team representing the borrower was led by Brock Yaffe.

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JLL announced it has closed the sale of and secured acquisition financing for Towne Center East, a fully leased, 154,750-square-foot retail center with multiple national anchors in the southern California community of Signal Hill. JLL marketed the property on behalf of the seller, BIG Shopping Centers USA, Inc. An institutional buyer purchased the asset. The JLL Capital Markets team representing the seller was led by Patrick Toomey and Tom Lagos. The JLL Capital Markets debt placement team representing the new owner included Matthew Stewart and Reid McGlamery.

Oct. 14, 2019 Realty News Report Copyright 2019

Read The New Book by Ralph Bivins, Editor of Realty News Report 

 Houston 2020: America’s Boom Town – An Extreme Close Up

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