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RNR Real Estate Briefs – HOU, AUS, DAL SAT, LAX, TPA

HOUSTON – (RNR Real Estate Briefs from Realty News Report) – Lee & Associates – Houston  represented Epic International, LLC in the lease of a 11,375-square-foot industrial property at 21227 Hufsmith-Kohrville Road in Tomball. Mike Spears and Patrick Wolford  of  Lee & Associates – Houston represented the landlord, and Payton Indermuehle with Keen Realty Group represented the tenant, MSP Drilex, Inc.


MISSOURI CITY– NAI Partners arranged a 5.77-acre land sale on  South Sam Houston Parkway West, near Fondren Road in Missouri City, Texas. NAI Partners’ Zane Carman and Clay Pritchett represented the seller in the transaction. The buyer, Fondren Heights LLC, was represented by MDK Realty Associates. (RNR Real Estate Briefs: Fort Bend County)


HUMBLE Patriot Sealing Technologies has leased a freestanding 6,000 SF building in IAH Humble Business Center, 2062 South Houston Ave. in Humble. Maury Bronstein and John S. Wall Jr. of 1912 Ventures represented the tenant. Chase Cribbs, Thomas Leger and Robert McGee of Lee & Associates represented the landlord, OV Real Estate, LLC.


Kimberly DeVos of Cypressbrook Company acted as intermediary between the seller, Xeray Systems, Inc. and the buyer, Foxhoven, Inc.,in the sale of a office/warehouse at 1927 Pinewoods Way in Spring.


Wild Rose Farm, LLC purchased 15.72 acres of raw land at FM 1488 and North Mill Drive, Magnolia, Texas, from the Robert F. McWhorter and Robert Frank McWhorter Trust. Rob Whitaker of NewQuest Properties represented the seller and Brad Elmore, also of NewQuest Properties, represented the buyer.


John Hornbuckle of Cypressbrook Company represented the tenant, National Christian Foundation, which leased 2,942 SF at 4545 Post Oak Place. Kurt Kistler of Moody Rambin represented the landlord, 4545 Investment Associates.


Reed Vestal, SIOR, CCIMTaylor Schmidt, SIOR, CCIM and John Erck of Lee & Associates – Houston represented 290 Commerce Center Venture, LLC in the purchase of 36.87 acres on Cypress North Houston Road in Cypress.


Boyd Commercial announced that Cottondale Wood Products leased a 75,000 SF tilt-wall, manufacturing/distribution warehouse space located in La Porte, near Houston. Based in Tuscaloosa, Ala., Cottondale Wood Products, which is expanding to Houston, produces specialty wood pallets used in the petrochemical industry. William Carpenter, Greg Barra and David Boyd represented the tenant, Cottondale Wood Products.


SPRING – The Welcome Group acquired the SES Foam, LLC facility located at 2400 Spring Stuebner Road in Spring,. The facility has two office/industrial buildings for a total of 38,702 SF on 11 acres of land. Mr. Welcome Wilson, Jr. is President and CEO of Houston-based Welcome Group.


Access Chemicals & Services, LLC, leased 4,060 SF of office space at 7322 Southwest Freeway in Houston. William McCarthy and Jack Gaffney of Finial Group represented the tenant. Trey Miller with Boxer Property represented the landlord.


Langfield Industrial, LP, and Langfield Land, LLC, have purchased 10.49 acres of raw land at Wilshire Place Drive and Langfield Road from Howard W. Mays Jr., trustee for Weirich Management Team. Brad LyBrand and Glenn Dickerson of NewQuest Properties represented the buyer


Patricia Chesser of Cypressbrook Company acted as intermediary between the landlord, Woodmark Capital, LP, and the tenant, Gomex Energy in the leasing of 1,197 SF at 1776 Woodstead Court in The Woodlands.


TEXAS

DALLAS – Stream Realty Partners  was selected by Dallas-based TriGate Capital for management and leasing of Comerica Bank Tower at 1717 Main St. in downtown Dallas. The Comerica Bank Tower, a 60-story, 1.5 million SF building, is home to such tenants as Comerica Bank, K&L Gates, Marsh USA and Fish & Richardson. More than 450,000 SF of office space is available for lease. Rhett Miller, Matt Wieser and J.J. Leonard of Stream’s Dallas division will handle leasing.


Lee & Associates – Houston represented Carlisle Port Arthur, LP, in the sale of 26,503 SF at 4600 and 4700 Highway 73 in Port Arthur, Texas. Trey Erwin and Justin Cole  of Lee & Associates – Houston represented the seller, Carlisle Port Arthur, LP.


BROWNSVILLE – CBRE handled the sale of Brownsville Doctors Hospital in Brownsville, Texas. A local investor who plans to provide healthcare services to the local community bought it. The seller is Boston-based Capital Crossing. The Brownsville Doctors Hospital is a three-story, acute-care medical and surgical hospital totaling 79,396 SF on five acres. The vacant hospital was licensed for 56 beds. Scott Herbold of CBRE handled the sale.


San Antonio – Sowel  leased 11,380-SF industrial at Isom Business Center in San Antonio, Texas. NAI Partners’ Carlos Marquez and Colten Courtney represented the tenant in the transaction. It is Solwel’s  first Texas distribution center for solar energy systems.


ARLINGTON – JMV Transport leased 52,032 sf at 2910-2920 East Avenue F in Arlington. Luke Davis, Sarah Ozanne, and James Mantzuranis with Stream Realty Partners represented the landlord, Alpha Thirty. Wells CRE LLC represented the tenant.


Austin  NAI Partners’ Todd Mahler arranged the sale of 5 acres of land for Orcid Holdings, LLC at 1115 W Anderson Lane in Austin.


AUSTIN – Newmark Knight Frank announces the sale of Hillstone at Wolf Ranch, a 332-unit multifamily community in Georgetown, north of Austin. NKF’s Patton Jones represented the seller Leon Capital Group of Dallas. The buyer was Weinstein Properties, a Virginia-based multifamily firm, which has completed 8 acquisitions in the Austin area. (RNR Real Estate Briefs – Travis County)


FARMERS BRANCH – West Shore Home, LLC leased 22,658 SF at 13701 Hutton Drive in Farmers Branch. Jeremy Kelly and Jeff Rein with Stream Realty Partners represented the landlord, Entrada Partners. Art Campbell with Campbell Commercial Real Estate represented the tenant.


ABILENE – Newmark Knight Frank has announced the Freddie Mac refinancing of the 498-unit Sedona Apartments in Abilene. The effort was led by NKF’s Multifamily Capital’s Braden Harmon and Hank Glasgow worked on behalf of owner/operator and repeat Freddie Mac client, CapX Ventures, which has value-add properties around Texas.


D-FW – Kindred Healthcare acquired the WellBridge Greater Dallas and WellBridge Fort Worth behavioral health hospitals. Each hospital has 48 licensed beds.


Stonemont Financial Group has begun construction of two industrial buildings in McKinney, marking the firm’s second venture in the Dallas-Fort Worth area. Known as McKinney Airport Center, the project will include buildings with107,300 SF and 123,885 SF. Somervell Commercial Realty is working alongside Stonemont, led by Josh Wheeler as development manager for the project. Other partners include Bob Moore Construction and Callaway Architecture, with leasing by Lee & Associates.


Pratt Corrugated Holdings, Inc. renewed its 294,952 SF lease at Southfield Park 35, 9209 Old Hickory Trail in Desoto. Matt Dornak and Drew Feagin with Stream Realty Partners represented the landlord, Cabot Properties. JLL represented the tenant.


DALLAS – Crescent Property Services, LLC, and institutional investors advised by J.P. Morgan Asset Management announce the signing of Commerce Bank to a new lease at The Crescent. The bank will occupy 8,982 SF in The Crescent, a 1.3 million SF luxury office and mixed-use development in Dallas’ Uptown. Tony Click and Marissa Parkin represented The Crescent.


DALLAS – Perdure Petroleum, LLC, has leased 17,212 SF in the Office Campus at Allen to relocate and expand its headquarters in far north Dallas at 1101 Central Expressway South in Allen. Jared Laake and Susan Singer of Dallas-based Bradford Commercial  Real Estate Services lease the project for the landlord  1101 SCE LLC.


AMG Technology Investment Group, LLC, has leased 5,410 SF at Village at Camp Bowie, 6115 Camp Bowie Blvd., Fort Worth. Cullen Donohue and Vic Meyer with Stream Realty Partners represented the landlord, Seaboard Capital. Customer First Real Estate represented the tenant.


Linrfa, LLC, acquired a 3,825 SF freestanding building at 7680 Preston Road in Frisco, Texas, from Leon Capital Group. The buyer was represented by Younger Partners’ Elaine Xu and Nan Li. The seller, LCP Preston Road VB Frisco, LLC, was represented by Leon Capital Group’s Daniel Morales.


BKM Sowan Horan, LLP,  leased 8,854 SF at The Colonnade I, 15301 N. Dallas Parkway in Addison. J.J. Leonard and Ryan Evanich with Stream Realty Partners represented the landlord, Fortis Property Group. Cushman & Wakefield represented the tenant.


NAI Partners recently arranged a 4,032 SF office lease for San Antonio Kidney Disease Centerat 2391 NE Loop 410 in San Antonio, Texas. NAI Partners’ Jorge Martinez represented the landlord. Jon Wiegand of  Alamo Capital Advisors represented the tenant.


Monitpora, LLC, purchased a 15,260 SF industrial building at 2505 Farrington St. in Dallas. Hanes Chatham with Stream Realty Partners negotiated the transaction.

NATIONAL

Brasa Capital Management has announced the closing its firstcredit vehicle, Brasa Credit I, LP.Brasa Credit will now be able to provide both debt and equity on commercial real estate transactions up to $100 million on behalf of its pension fund investors. Brasa Partners has experienced developers and operators to provide between $5 million and $25 million in value-add capital for the acquisition, reposition or ground-up development of commercial properties in the Western United States and Texas. Greg Galusha has joined the firm as managing director.


VENICE, Fla. — A  3,010-SF 7-Eleven convenience store on 1.8 acres near I-75 sold for $6,513,026. It was listed by Gabriel Britti, Kevin O’Hanlon and Ronnie Issenberg of Marcus & Millichap.


July 11, 2020 Realty News Report Copyright 2020


Photo:  Downtown Dallas – Stream Realty Partners  was selected by Dallas-based TriGate Capital for management and leasing of Comerica Bank Tower at 1717 Main St. in downtown Dallas


File: RNR Real Estate Briefs


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