HOUSTON – (RNR Real Estate Briefs) — Reed Vestal, Taylor Schmidt and John Erck of Lee & Associates Houston represented Roland 5, LLC, in the sale of five acres of land on Roland Road in Katy, Texas. Travis Wallach with Katy Realty Partners, LLC, represented the buyer, DI Land Holdings, LLC.
HOUSTON — Avison Young’s Houston office advised Goree Architects, Inc. on the expansion of their leased space at Sage Plaza, 5151 San Felipe St. in Houston by an additional 3,762 SF. This brings the firm’s total office footprint to 17,968 SF, occupying nearly the entire 17th floor. Goree Architects was represented by Anthony Squillante and Collin Roach from Avison Young. The landlord, Granite Barnhart Sage Plaza, LP, was represented by Nina Seyyedin and Jason Presley, both with CBRE.
Lee & Associates – Houston represented TSF Tomball, LLC, in the sale of a 68,000 SF industrial property at 19902 Hufsmith-Kohrville Road in Tomball. Patrick Wolford of Lee & Associates – Houston represented the seller.
THE WOODLANDS — The Howard Hughes Corporation plans to renovate the lobby of the 1400 Woodloch Forest office building in The Woodlands. The revamped vestibule will feature COVID-19 safety protocols such as a touchless digital directory with the capability to receive directory information via Smartphones or options for a touch directory. 1400 Woodloch Forest is a five-story, 95,561 SF office building, owned and managed by The Howard Hughes Corporation.
Triten Real Estate Partners(TREP) continues to expand its nationwide Industrial Service Facility (ISF) portfolio with an off-market acquisition in northwest Houston. TREP has purchased a Less-Than-Truckload (LTL) cross-dock facility with trailer parking and storage, located at 6816 Fairbanks North Houston Road in Houston. The acquisition is part of a long-term sale-leaseback with XPO Logistics. 6816 Fairbanks is a 19,000 SF truck terminal with 59 doors and 7.8 acres of stabilized trailer storage yard and parking. Scott Arnoldy and Charles Lintakoon of Triten Real Estate Partners managed the transaction for both landlord and buyer.
HOUSTON – JLL has announced the successful negotiation of a 38,582 SF office lease for HostGator. The Houston-based website hosting company is renewing the office lease at 5005 Mitchelldale in northwest Houston. JLL’s Don Foster and Ed Prejean successfully negotiated the lease on behalf of HostGator. Transwestern’s Michelle Wogan and Paula Musa represented the landlord.
PASADENA, TEXAS — WSS Shoes, a national retail chain of shoe stores headquartered in Los Angeles, Calif., opened a store at the corner of Spencer Highway and Shaver Street in Pasadena, Texas. Shawn Ackerman and Jason Du with the Henry S. Miller – Houston office handled lease negotiations on behalf of the shoe seller.
Apara Autism Center, which provides individualized therapy services for children who are diagnosed with autism and other developmental conditions, leased a 6,665-square-foot office in Greenhouse Medical Plaza, a medical office building located at 2051 Greenhouse Road. This is Apara’s second Houston area location. Maury Bronstein and John S. Wall Jr. of 1912 Ventures represented the tenant in both transactions. Justin Brasell, Christian Connell, and Heinrich Cronje of Transwestern represented the landlord, VREC II – TW GMP MOB SPE, LP.
Marsala’s Italian Grill leased 2,450 SF pf retail space at 100 Scarborough Drive in Conroe. Jason Gibbons of the Finial Group represented the tenant. Betty Mc Aviney with Homefinders of Conroe represented the landlord.
TEXAS
BRYAN-COLLEGE STATION, Texas – Houston-based Midway, a real estate investment and development firm, announces that UBS Financial Services has opened a 3,200 SF College Station branch at Century Square. The center has 60,000 SF of Class-A office space directly above ground-floor retail. Century Square is Midway’s mixed-use destination adjacent to Texas A&M University in College Station, Texas.
LEWISVILLE, Texas – Cushman & Wakefield has arranged the sale of four land parcels totaling 94.3 acres located in Highland Village, Carrollton, Lewisville and The Colony, Texas, on behalf of the seller, Lewisville Independent School District. The land will be developed into 380 lots for single-family home builders.
Millennium Packaging, LP, has leased 21,840 SF of warehouse space in Mountain Creek Business Park, Building 7, 4940 N. Merrifield Road in Dallas from HPA Real Estate LP. Jason Finch, market director of Bradford Commercial Real Estate Services, and Michael W. Spain, executive vice president and managing partner, represented the landlord. Elizabeth Jones and Chris Stout of JLL represented the tenant.
Bellomy & Co. has announced the sale of Spicewood Super Storage in Spicewood, Texas, 35 miles northwest of Austin. The Class-A property comprises 235 units in 89,260 net rentable square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Envision2 Properties LLC, the Horseshoe Bay, Texas-based seller. The team also procured the Houston-based buyer, Spicewood Storage, LLC.
Istanbul Grand Bazaar Inc. has leased 5,249 SF of flex space in Park Forest Business Center, 11601 Plano Road in Dallas, from Tyler Family Real Estate Investments LLC. Jason Finch, Brian Pafford and Noah Dodge of Bradford Commercial Real Estate Servicesr epresented the landlord. Kerem Gorgulu of URE Dallas, LLC, represented the tenant.
AUSTIN, Texas — Campus Life & Style (CLS), one of the nation’s major operators of student housing communities, announced it has been awarded the management of three apartment communities owned by Campus Realty Advisors (CRA). The assignments include: Catalyst, located in Atlanta, Ga.; The Overlook in Nacogdoches, Texas and The Edge, located in Pensacola, Fla.
Garcia Home Health Agency leased 4,400 SF of flex space in Park Forest Business Center, 10610 Metric Drive in Dallas, from Tyler Family Real Estate Investments, LLC. Jason Finch, Brian Paffordand Noah Dodgeof Bradford Commercial Real Estate Servicesrepresented the landlord.
NATIONAL
GRAYSON, KY. — A building recently developed in Kentucky by Houston-based Investment & Development Ventures (IDV) has been sold for $6.2 million, JLL reported. IDV sold the 25,000 SF industrial warehouse and manufacturing facility built to suit for and double net leased to Flowserve.
JLL Capital Markets worked on behalf of the seller. A high net-worth private capital buyer based in West Palm Beach, Fla., purchased the asset in a 1031 exchange..
SAN DIEGO — Downtown Works, known for its high-design, co-working space in San Diego’s Little Italy, has opened 15,000 SF of flexible co-working space on 4.9 acres in Carlsbad, Calif., at 2011 Palomar Airport Road. Located among hundreds of tech and biotech companies and minutes from the Carlsbad Palomar Airport and pristine beaches, the tech-rich, contemporarily designed space serves workers, startups and entrepreneurs in San Diego’s North County.
ATLANTA, Ga. — Greystone Brown Real Estate Advisors has closed the $27 million sale of a 230-unit multifamily property in Atlanta. Greystone also provided a $21.6 million Freddie Mac conventional loan to finance the transaction. The sale was handled by Walter Miller, Barden Brown, Cory Caroline Samsand Jim JarrellofGreystone Brown Real Estate Advisors.
KISSIMMEE, Fla. – Marcus & Millichap handled the sale of Elizabeth Arms, a 10-unit apartment complex in Kissimmee, Fla. It sold for $1.1 million.
Aug. 29. 2020 Realty News Report Copyright 2020
File: RNR Real Estate Briefs
File: (2) RNR Real Estate Briefs 8-29-20 HOU, DAL, AUS, SAT, ATL, MCO, SAN, LEX
Photo. Downtown Houston.Credit Ralph Bivins, RealtyNewsReport Copyright 2020:
