Real Estate Briefs - Houston and Elsewhere in Texas

Chemstations, Inc. has obtained a lease to relocate its office to 6,502 SF at 11000 Richmond Ave., Houston. Parker Duffie with CBRE in Houston represented the landlord, Woodbranch 11000 LLC. Rich Pancioli, also with CBRE in Houston, represented the tenant.

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Commercial real estate services firm Avison Young negotiated the lease of 102,863 SF of industrial space at 9701 New Decade Drive, within Bayport North Logistics Center I, and the sublease of 44,000 SF at 13225 Bay Park Road, both in Pasadena, within the Greater Houston market. Avison Young’s Bob Berry and Grant Hortenstine represented the tenant, American Cross-Dock & Storage. CBRE’s Jason Dillee and Andrew Jewett represented the landlord, Triten Real Estate Partners.

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NAI Partners recently arranged a 25,750 SF industrial sale for Stephan Lett at 7101 John Ralston Road in Houston. NAI Partners’ Darren O’Conor and Jake Wilkinson represented the seller. Cynthia Martinez with Keller Williams Realty represented the buyer, Jemco Services, a manufacturing company.

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Radiology Partners Inc. obtained an office lease for 10,462 SF to expand its quarters at Clark Gaines Properties, 13333 Northwest Freeway, Houston. Weldon Martin with CBRE Houston was broker for the landlord, Prosperity Plaza LP.

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KDW, a design-build construction company, has completed a renovation and expansion of its Houston headquarters by doubling its existing space. Spanning 14,444 SF on two floors, KDW’s new-look office at 5858 Westheimer is a more spacious, contemporary workplace.

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Harper & Pearson Co., PC, has renewed its 16,306 SF office lease at One Riverway, Houston. Anthony Fritsche with Fritsche Anderson Partners represented the tenant. Kristen Rabel, Parker Duffie and Marilyn Guion with CBRE of Houston handled the deal for the landlord, Riverway Holdings, LP, South Post Oak.

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Japanese retailer Kinokuniya Book Stores of America Co., seller of books featuring Anime and Manga graphics, is in the soft opening stage in NewQuest Properties’ Phase II of Katy Grand in west Houston, at Interstate 10 and Grand Parkway/TX 99. The center was developed by NewQuest.

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BD Advisors, LLC, has acquired a new lease for 5,185 SF at 2727 Allen Parkway in Houston. Grayson Wallace with Cushman & Wakefield represented the tenant while Kristen Rabel and Elliott Hirschfeld with CBRE in Houston were brokers for the landlord, American General Life Insurance Company.

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Texas Northpoint LLC has sold four commercial acres along Tomball Parkway/TX 249, Tomball, to Tomball Integrated Investments LLC to develop a 60,000 SF medical office project. Jeff Lokey and Ashley Strickland of NewQuest Properties represented the seller. Robert Garcia of Brauman Realty Inc. represented the buyer.

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Spirit Environmental has renewed its office lease for 8,915 SF at 20465 SH 249 in Houston. Kevin Barr with Mohr Partners Inc. was broker for the tenant while Steve Rocher and Marilyn Guion with CBRE in Houston represented the landlord, Sg Cypress Real Estate Ventures I, LP.

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Timewise has ground-leased 2.45 acres in the Grand at Aliana, located at West Grand Parkway S. and West Airport Boulevard, Richmond, from NewQuest Properties. Josh Friedlander and David Meyers of NewQuest Properties represented the landlord. Dave Ramsey of NewQuest Properties represented the tenant.

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Dini Spheris has renewed the lease for 7,647 SF of office space at 2727 Allen Parkway in Houston. Steve Burkett with JLL represented the tenant. Elliott Hirshfeld and Kristen Rabel with CBRE represented the landlord, American General Life Insurance Co.

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Newmark Knight Frank was involved in the following recent real estate transactions, the first five in Houston:

Innovative, Inc. obtained a new office lease for 12,905 SF at Weslayan Tower, 24 Greenway Plaza. NKF agents Joshua Brown and Kaitlyn Johnson represented the tenant. Granite Properties Inc. represented the landlord,Weslayan Partners, Ltd.

Gridforce Energy Management, LLC, acquired a new 12,702 SF office lease at 1301 Fannin St. Michael Lisch and John Luck of NKF represented the tenant.

Pacheco Koch Consulting Engineers signed a new 5,077 SF office lease at Four Chasewood, 20329 SH 249. John Beach Jr. of NKF represented the tenant; Transwestern Commercial Services handled the transaction for the landlord, Genesis Capital Partners XVII, LP.

Reactor Eye, Inc. obtained a new 2,676 office sublease at Enclave on the Lake, 1255 Enclave Parkway. Andy Iversen and John Luck represented the landlord, SBM Offshore. Exeter 1255 Enclave, LP represented the tenant.

Spectrum Life Sciences, LLC, acquired a new 901 SF office lease at Red Oak Atrium, 17115 Red Oak Drive. David Husid and Taylor Scheps represented the tenant; Transwestern CG Partners I, LP represented the landlord, Medcap Properties II, LLC.

Burns Charest, LLP, obtained a 20,323 SF industrial lease for expansion and extension at 900 Jackson St., Grand Haven, Mich. NKF’s Reggie Beavan III and Andy Iversen represented the tenant. The landlord is Jackson Wood, Ltd.

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NAI Partners recently arranged a 1,250 SF lease for Papa John’s Pizza at Cypress Landing Shopping Center, 3040 FM 1960 East. Jason Gaines of NAI Partners represented the landlord and Jim Pappas represented the tenant

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Crumbl Cookies obtained a new 1,494 SF lease at 7077 FM 1960 E in Humble, Texas. Jazz Hamilton & Rusty Lilley with CBRE in Houston represented the landlord 2ML Properties.

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Supreme Greens LLC, dba SALATA, has acquired a retail lease for 3,515 SF at 314 Sawdust Road in The Woodlands for a new store. Brian Ashby and Sydney Dixon with CBRE Houston represented the landlord, Watumull Woodlands I, LLC.

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BurgerIM has leased 2,001 SF of retail space in Metropark Square Shopping Center, 8888 Metropark Drive, Shenandoah, from Metropark Square Ltd. Rebecca Le and Grace La of NewQuest Properties represented the landlord. Jesse Hernandez of Huntington Properties represented the tenant.

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5.11 Tactical has obtained a 3,890 SF retail lease for a new store at 16322 Southwest Freeway, Sugar Land. Brian Ashby and Sydney Dixon with CBRE Houston represented the tenant. Katy Jones with Investar represented the landlord, Hooten Family Trust.

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TEXAS TRADES

NAI Partners recently arranged a 28,148 SF industrial lease for Florida Water Products at 10000 Jones Maltsberger Road in San Antonio. NAI Partners’ Brett Lum, Cody Woodland and Carlos Marquez represented the tenant. Florida Water Products serves the swimming pool industry.

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On behalf of Geyer Morris Company, CBRE announces additional openings and new leases at the Shops at Broad, a 430,000 SF mixed-use development at Highway 287 and Broad Street in Mansfield, Texas.

Previously announced tenants James Avery, MOD Pizza and Flix Brewhouse are scheduled to open in late 2019 or early 2020. In addition, four new restaurant leases have been signed for 54^th Street Grill, McAlister’s Deli, and First Watch — scheduled to open in Q1 2020 — and Torchy’s Tacos, slated to open in mid-2020. CBRE’s Andrew Lehner and Claire Galpern are marketing the project.

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JLL has closed the sale of Vintage Plaza, a three-building strip center totaling 40,612 SF in Round Rock, north of Austin. JLL marketed the property on behalf of the seller, Ironwood Real Estate. SITE Centers Corp. purchased the asset, completed in 2003. Vintage Plaza is 93.4% leased. The JLL Capital Markets team was led by Cathy Nabours, Walter Saad, Kyle Shaffer and Josh Villarreal.

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California partnership has sold its last holding in Texas, trading the five-building Switzer Business Park in northeast Dallas to a limited liability company from Fort Worth. The 95%-leased asset, totaling 123,000 SF, is at 10840-930 Switzer Ave. More than 60 tenants are located in the mix of office, industrial and flex spaces geared toward small to medium-size businesses. Brian Pafford of Bradford Commercial Real Estate Services and Jason Finch of Switzer Business Park Dallas LP were involved in the direct deal. The buyer is G.W. Floyd Ventures, LLC, which has retained Bradford to continue leasing the project.

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SkyWalker Property Partners has sold a fully leased medical office property in central Arlington to a 1031 exchange buyer, marking the first sale for its fund, When Opportunity Knocks LLC. The all-cash sale went full circle within 40 days. The medical office building, totaling 13,382 SF, is a USMD multi-specialty clinic at 809 W. Randol Mill Road, adjacent to the 369-bed Texas Health Arlington Memorial Hospital.

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A Canadian-based investment group has sold the 152-unit Antiqua Village Apartments in a southeast Fort Worth neighborhood awaiting redevelopment. Occupancy was 93.5% at sale time for the 10-building Antiqua Village at 5320 E. Rosedale St. The complex is part of the Cavile Place Neighborhood Transformation Plan, a 15-year initiative to breathe new life into a struggling residential pocket, locally known as Stop Six.

Sam Pettigrew, partner of Cantrell Co. & Partners, represented the seller, Republic Antiqua Village LP. The buyer of record is M&D Antiqua Village LLC, a Texas-based entity.

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NAI Partners San Antonio recently arranged an 11,200 SF industrial lease for CANVAS at 9815 Broadway Street in San Antonio. NAI Partners’ Cody Woodland, Brett Lum and Carlos Marquez represented the tenant. CANVAS, headquartered in San Antonio, is a wholesale distributor of fashion jewelry.

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