HOUSTON — (RNR) — Colliers International has announced its Design & Construction Advisory Services (DCAS) team was selected for a 21,578 SF industrial build-out for Transcat Inc., a firm that will relocate and expand its business to 16155 Park Row Drive in Houston. The landlord, AK Leasehold I, LLC, was represented by Jude Filippone of Transwestern. Blake Gibson of Colliers International represented the tenant in the transaction. Katherine Rorie, with Method Architecture, will work alongside the Colliers DCAS team on this project while Todd Buster, with Horizon Development & Construction, will be general contractor.
HOUSTON –Lee & Associates – Houston, a commercial real estate services firm, announcedAdkisson Group’s purchase of a 158,700 SF manufacturing campus at 6500 Brittmoore Road in northwest Houston. Robert McGee, Thomas Leger and Chase Cribbs of Lee & Associates – Houston represented the privately held real estate development firm in the transaction.
NAI Partners arranged a 3,750 SF retail lease renewal for Apex Urgent Care at 6133 Fry Road in Katy . NAI Partners’ Laura Diggs represented the landlord.
Patricia Chesser of Cypressbrook Company represented the landlord, Gary and Kathy Louie, in the leasing of 6,000 SF of retail space at 25904 I-45 North. Todd Moseley of Moseley Commercial Real Estate, Inc. represented the tenant, 2 Quick Automotive #3, LLC.
Katy Ranch Offices, LP, and Management and Freeway Properties have completed construction of a phase 2 office building at 24285 Katy Freeway. The 150,920-SF, six-story building is 30% leased. Avison Young principals Sam Hansen and Doug Pack handle leasing at the Katy Ranch office buildings. Escalate Workspace, an office space provider, leased 23,000 SF. Freeway Properties is led by Mike Baker.
Horn Solutions, Inc. leased 12,485 SF at 301 Commerce Green Blvd., in Sugar Land. Kevin Poynter and Peyton Poynter with Poynter Commercial Properties, represented the building owner, Commerce Green Associates, LP. Al Gabosch with Moody Rambin represented the tenant.
George Montes of Cypressbrook Company represented the tenant, Cinco Education LLC, in the leasing of 6,506 SF of retail space at 20660 Westheimer Parkway in Katy. Isela Truong of Terramont Realty represented the landlord, Plaza Park I, Ltd.
KATY — Home Dental leased 3,375 SF at the Highland Knolls Shopping Center at 21040 Highland Knolls in Katy. Home Dental is a general dentistry practice providing dental care and orthodontic services. The landlord was represented by Kristen Barker of Wulfe & Co.
John Hornbuckle of Cypressbrook Company represented the tenant, MVR Publishing, LLC, in the leasing of 4,929 SF at 2020 N. Loop West. Richard Maloof of Hartman represented the landlord, Hartman Income REIT Management.
SUGAR LAND — Sweet Paris Crêperie & Café, founded in 2012 by Allison and Ivan Chavez, has leased space for a Sugar Land location. It operates in Texas and Mexico. Following its summer launch at The Domain in Austin, a fall unveiling is planned for Lucky 11 in Sugar Land Town Square. The 2,257 SF, street level site is located at 15911 City Walk in Sugar Land Town Square.
Kimberly Davos of Cypressbrook Company represented the tenant, Charm Thai (Kamrons Thai Kitchen, LLC), in leasing 2,400 SF of restaurant space at 2203 Spring Stuebner. The landlord, WSS Retail – Shops at Spring Village, LLC, was represented by Connor Lynch with Capital Retail Properties.
TEXAS
GRAND PRAIRIE, Texas — Mohr Capital, a Dallas-based real estate investment firm, sold a 400,000 SF warehouse located on Interstate 20 in Grand Prairie. The buyer was TA Realty, a Boston-based real estate investment group. Jonathan Bryan with CBRE represented the seller, Mohr.
DENTON, Texas — National homebuilder D.R. Horton acquired 53 acres for a new housing development in Denton. Younger Partners’ David Hinson and Tom Grunnah brokered the transaction. D.R. Horton plans to build 206 homes on 50-by-120-foot lots.
DALLAS – Younger Partners Property Services took over the property management for the 56-story, 1,738,979 SF Renaissance Tower at 1201 Elm St. in downtown Dallas. The Class A trophy office tower in the heart of the Dallas Central Business District is a local landmark known for its distinctive double “X” lighting and towering rooftop spires.
DALLAS – The 270-unit Ventana Apartments in Dallas were acquired by Turner Multifamily Impact Fund II. Based in Santa Monica, Calif., Turner Impact Capital is one of the nation’s largest private equity real estate firms exclusively dedicated to social impact.
DALLAS — Mr. Cooper, a mortgage lender, has announced plans to hire an additional 2,000 employees through the remainder of 2020. With more than 3,000 new team members already on board this year, Mr. Cooper is adding new employees as mortgage rates are at historically low levels and home loan activity is increasing.
DALLAS — Crescent Communities has announced the addition of fitness franchise F45 Training and Land of a Thousand Hills Coffee to the mixed-use community of NOVEL Deep Ellum. Crescents’ retail leasing partner at NOVEL Deep Ellum is Venture Commercial, with leasing led by Amy Pjetrovic, Gabi Shaff and Austin MacDougall. NOVEL Deep Ellum is a seven-story living and entertainment complex at 2900 Canton St. near Malcolm X Boulevard. The structure replaces a block-long, one-story industrial building and is home to 231 one- and two-bedroom rental apartments
Round Rock, Texas — NAI Partners’Joe DeCola and Max Garner represented the landlord in a 1,575 SF retail lease by Phil’s Discount Nutrition at 2000 Mays St. North.
NATIONAL
CARY, N.C. — JLL Capital Markets announced the $34.85 million sale of Wegmans in West Cary, a 103,000 SF, single-tenant retail property that anchors Twin Lakes Center, a mixed-use project in Cary. JLL represented the seller, Leyland Twin Lakes LLC, an affiliate of Leyland Alliance. The buyer was San Diego-based Realty Income Corp., a REIT.
PHOENIX – A joint venture of Toll Brothers and Canyon Partners will develop Haverly, a 323-unit multifamily rental community in Phoenix. The joint venture secured a $53.1 million construction loan from Washington Federal Bank.
FAIRHOPE, Alabama – Steve Ekovich of Marcus & Millichap’s Leisure Investment Properties Group handled the sale of the Rock Creek Golf Club in Fairhope, Ala.
PORT ROYAL, S.C. — The 400-unit Preserve at Port Royal apartment complex sold for $54.1 million. Greystone Brown Real Estate Advisors represented the seller, Prominent Realty Group of Georgia.
NEW YORK, N.Y. — Riad Nasr and Lee Hanson’s “Frenchette” and Ignacio Mattos’ “Estela” made their Midtown debut at The Rink at Rockefeller Center on Sept. 3, showcasing Tishman Speyer’s continued commitment to bringing one-of-a-kind hospitality experiences to its iconic public spaces. Diners can book reservations and place prix fixe orders in advance. Reservations are available Wednesday through Saturday. Tishman Speyer has acquired, developed and operated a portfolio valued at $97 billion and totaling 184 million SF across 420 properties that incorporates such iconic projects as Rockefeller Center.
HARRISBURG, Pa. – A 4,500 SF Panera Bread restaurant here sold for $2,025,000, according to Marcus & Millichap.
Sept. 7. 2020 Realty News Report Copyright 2020
File: Realty News Report Briefs:-9-7-20
