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RNR Realty News Briefs – HOU AUS DAL SAT

Houston-based National Property Holdings is creating Katy Prairie Business Park.

Houston-based National Property Holdings is developing the Katy Prairie Business Park. Leasing by Colliers.

HOUSTON – (Realty News Report) – Naissance Capital has awarded the leasing assignment for the office building at 2425 W Loop S in Houston — also known as TwentyFour25— to Colliers International. Heading up the task of marketing the 281,590 SF, Class A structure for the Colliers’ Houston Agency Leasing Group are Bill Insull and Blake Virgilio.

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Houston-based National Property Holdings is creating Katy Prairie Business Park, a new 87-acre development offering Class A space for various uses. Located on Igloo Road between I-10 and Highway 90, the complex will include three institutional-grade, tilt-wall buildings totaling more than 1.1 million SF. NPH, represented by Robert Alinger of Colliers International, plans to construct two additional buildings available for lease, offering from 402,480 to 680,940 SF.

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CityPlacean urban mixed-use district anchoring Springwoods Village, has executed a lease for its first financial services tenant, Edward Jones. The firm will occupy nearly 1,400 SF at street level in CityPlace 2. Slated to open later this year at 1701 Lake Plaza Drive, it will soon be joined by ground floor tenant Island Grill, plus the American Bureau of Shipping, which occupies the remaining office space in the 10-story building. Edward Jones was represented in the transaction by Amy Huster of Cushman & Wakefield. Nick Hernandez and Crystal Allen of Transwestern, along with Dennis Tarro of Patrinely Group, represented CityPlace, a joint venture of Patrinely Group, USAA Real Estate and CDC Houston.

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Johnson Development Services, on behalf of Beazer Homes and Perry Homes, is expanding Amira, adding 113 acres that will bring about more than 400 additional home sites in the Tomball community. The additional acreage was purchased from United Development Funding.

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

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Texas

Dallas-based CanTex Capital  recently acquired a two-building, 124,658 SF facility at 4901 N. Beach Street in Fort Worth. NAI Partners’ Robert Lynn and Todd Hubbard brokered the sale on behalf of G&W Ventures and now serve as CanTex Capital’s owner representative to locate tenants.

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Rio Bank has entered into a lease agreement with The University of Texas Rio Grande Valley for 27,644 SF on the fifth and sixth floors of its office building at 701 East Expressway 83 in McAllen. CBRE, Inc.  served as the listing agent and represented Rio Bank in lease negotiations. Christi Griggs and Carlos Telles with CBRE are representing Rio Bank in the marketing of remaining office space.

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Launching into a new assignment, Bradford Commercial Real Estate Services has locked down four leases totaling 11,203 SF at Park Forest Business Center, a three-building project geared toward smaller shops in northeast Dallas. New to the business center are Electric Distribution & Design Systems Inc., a solar energy firm that’s taken 3,200 SF at 10500 Metric Drive and Reztec Ventures LLC, which leased 1,550 SF at 10610 Metric Drive.

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Texas Star Rehab and Performance Center leased 2,000 SF at 3365 Regent Blvd in Irving. The tenant was represented by Tanja McAleavey from Younger Partners. The landlord was represented by Byron McCoy and Garrett Marler, also from Younger Partners.

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X Media Tech leased 2,850 SF at 1200 Commerce Drive in Plano. Younger Partners’ Byron McCoy handled the lease transaction.


Elsewhere…….

Lee & Associates has announced that its Washington, D.C. office has transitioned from a satellite facility to a freestanding office, providing them access to Lee & associates capital structure benefits. Lee & Associates in Washington, D.C. is led by Josh Simon, who opened the satellite office in July of 2019. In the past 10 months, the staff of broker professionals has grown from two to five.

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May 21, 2020 Realty News Report Copyright 2020

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