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RNR Real Estate Briefs – HOU AUS DAL SAT

DHL Express leased 27,895 SF at 16855 Northchase Drive in north Houston. Rich Pancioli with CBRE in Houston represented DHL. The landlord, Greenspoint Place Owner LLC, was represented by Kevin Wyatt of Lincoln Property Co.

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 NAI Partners recently arranged a 30,200 SF industrial lease for Best Block, LLCat 4101 Airline Drive in Houston. The firm’s Shaffer Braun and Michael Keegan represented the tenant and Travis Land and AJ Williams represented the landlord in the transaction.

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Clay Partners-Port 146 #1 GP LLC sold a 140,400 SF industrial properties on 8 acres at 2020 N Hwy 146 in  La Porte. Jason Dillee and Andrew Jewett with CBRE represented the seller. The buyer was Bci Iv Port 146 Dc Lp, an affiliate of Black Creek Group of Denver.

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CityPlace, the mixed-use district that anchors north Houston’s Springwoods Village, welcomes Focus Optical, its first plaza-fronting retail tenant. The specialty concept, which opened May 4 at 1700 City Plaza Drive, offers personalized optometry services along with a choice of distinctive frames in a boutique setting. The 1,984 SF office and showroom is on the ground floor of CityPlace 1.

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Navig8 America LLC renewal a 5,347 SF office lease  at 5718 Westheimer. Neil Elliott and Ray Lopez at Cresa represented the tenants. The landlord,  5718 Westheimer Road Investors LP was represented by Marilyn Guion and Parker Duffie with CBRE Houston.

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George Montes of Cypressbrook Company represented the buyer, AEIS Real Estate, LLC, in the purchase of a 4,982 SF office building at 5319 E. Fifth Street in Katy. Craig Appleby of Re/MAX Fine Properties represented the seller, Hartman Newspapers, LP.

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Edge Realty Partners Capital Markets brokered the sale of 8452 – 8464 Gulf Freeway at I-45 & Monroe Boulevard. Burdette Huffman from Edge represented the seller. I-45 & Monroe Boulevard is a 49,865 SF retail center.

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Vere Technology obtained a new 30,116 SF office lease at 4541 Brittmoore Road in Houston. Garrett Gibbons Jr., Jack Brewer and Lucas Kay from Newmark Knight Frank represented the tenant. Lee and Associates represented the landlord, Britmore Investments, LLC.

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John Hornbuckle of Cypressbrook Company represented the landlord, EP Office Holdings,in the leasing of 2,926 SF at 4615 Southwest Freeway.  Anthony Fritsche of Fritsche Anderson represented the tenant, CBIZ Benefits & Insurance Service, Inc.

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SMA USA Holdings, LLC obtained a new 1,858 SF sublease at 2100 West Loop South in Houston. Newmark Knight Frank’s David Husid provided sub-landlord representation. PCR Brokerage provided representation for the landlord, Edelman Financial Services, LLC.

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Texas Briefs

Thompson & Horton, LLP, has signed a lease for 3,372 SF at 8300 N. Mopac Expressway in Austin. Katie Ekstrom with CBRE in Austin represented the landlord, DWF, LP. Kelly Woodruff, with CBRE in Austin, represented the tenant.

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Benchmark Electronics Inc. has extended its 44,680 SF industrial lease at 200 A-C Parket Drive in Austin. Andrew Hueser, Sherry Gubera and Jesse Weber from Newmark Knight Frank represented the tenant. Jones, Lang, LaSalle  provided representation for the landlord, ICON OWNER POOL 6 AUSTIN, LLC.

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JLL Capital Markets arranged the refinancing of Advenir on Addison, a 264-unit, garden-style multi-housing property in North Dallas. JLL worked on behalf of the borrower, Advenir, to secure a seven-year, fixed-rate loan through Freddie Mac. The loan will be serviced by Holliday Fenoglio Fowler LP, a JLL company and Freddie Mac Optigo lender.

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Subway Real Estate, LLC, has signed a lease to relocate its office to 111 Soldad in San Antonio. The space measures 1,500 SF. Whit Jordan with CBRE in San Antonio represented the landlord, Tx San Antonio, LLC.

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JLL Capital Markets has closed the sale of Summer Brook, Summer Green I & II and Summer Lake, three workforce multi-housing communities totaling 884 units in the East Texas community of Longview. JLLmarketed the properties for the seller, BSR Real Estate InvestmentTrust. Monarch Investment & Management Group purchased Summer Brook and Summer Green I & II and Saxony Capital Management bought Summer Lake. The JLL Capital Markets team that represented the seller included Greg Toro and Steven Hahn, Jr.

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Dallas Bloomfield Homes acquired 87.7 acres from three private owners on South Hampton Road in Glenn Heights for a future single-family home development made up of 285 residences. Younger Partners’ David Hinson brokered the transaction. The development will be called Hampton ParkSubdivision and will include more than 10 acres of green space with hike/bike trails, play area and exercise stations.

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Avarint, LLC, has renewed its lease at 1777 Loop 410 in San Antonio. Christi Griggs with CBRE in San Antonio represented the landlord, Eljoan,Inc. 

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Marivani, LLC, represented by Ricardo Fernandez with CBRE in El Paso, has purchased 18,540 SF of industrial space at 1525 Magoffin Ave. in El Paso. This space is for an expansion of its existing footprint where commercial equipment is sold. Chad McCleskey with CBRE in El Paso represented the seller, Lanestone, LLC.

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JLL Capital Markets has closed the sale and arranged financing for a five-property, multi-housing portfolio totaling 844 affordable housing units in various San Antonio neighborhoods. JLL marketed the offering exclusively on behalf of the seller, Terravista Partners, and procured the buyer, Pico Union Housing Corporation. In addition, while working on behalf of the new owner, JLL arranged an acquisition loan through Rialto Capital Management. Remaining loan proceeds will be used to renovate the properties.

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The State of Texas, by and through the Texas Department of Transportation, has purchased 57.27 acres on N. FM Road 973 in Pflugerville, Texas for future investment. Jesse Weber and Josh LaFico of Newmark Knight Frank represented the buyer. The state purchased the land from Foster Legacy, LLC.

Elsewhere….          

CBRE has announced it is marketing the only remaining office space in the historic Hightower Building at 105 n. Hudson Ave. in downtown Oklahoma City. The Hightower Building is the last remaining Classic Revival high-rise in the city. Originally built in 1922 with three stories, it underwent a seven-floor expansion in 1929, bringing it to the 10-story high-rise it is today. The building has remained in the Hightower family for four generations and was listed on the National Register of Historic Places in 2002.

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Lee & Associates has closed a 422,432 SF lease transaction on four industrial buildings at 3300-3390 Horseless Carriage Drive in Norco, Calif. Jeff Ruscigno of the Lee & Associates Riverside office along with Paul EarnhartRyan Earnhart and Brian Pharris of the Lee & Associates Ontario office represented both the landlord, CapRock Partners, and the tenant, Goli Nutrition. Goli Nutrition,a vitamin manufacturer, planned to expand by creating a multiple-building campus close to major freeways for distribution needs and to draw from a talented workforce.

May 14, 2020 Realty News Report Copyright 2020

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

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

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