RNR Real Estate Briefs from Realty News Report SPRING, Texas – NAI Partners– the commercial real estate services business of Partners Real Estate Company — arranged a 43,230 SF office lease for Strike Construction, LLC, at Wildwood Corporate Centre I, 460 Wildwood Forest Drive in Spring. NAI Partners’ Jon Silberman and Pierce Beyer represented the tenant, an engineering and construction firm. The landlord was represented by CBRE’s Steve Rocher and Jason Presley.
KATY, Texas – Skin Spirit leased 2,500 SF for a medical spa at LaCenterra in Katy. CBRE represented the tenant and Evergreen Commercial represented the landlord.
HOUSTON – Parkway Property Investments announced that RS&H, an employee-owned architecture, engineering and consulting services firm, is relocating its local office to Greenway Plaza from west Houston. RS&H signed a long-term lease for 9,850 SF in Phoenix Tower. Newmark’s Sara Fredericks and Kristian Nielsen represented RS&H. Parkway’s Amanda Nebel negotiated on behalf of that firm.
HOUSTON — Yardbird Furniture has leased 4,722 SF at 2433 University Blvd. in Rice Village, its first Texas location and eighth nationwide. Yardbird sells sustainable outdoor furniture. Matthew Reed withSHOP Companiesrepresented Yardbird. The landlord, Toomey-Guseman Family, LTD, was represented by Ryan Neyland of Davis Commercial.
FRIENDSWOOD, Texas – Diamonds Direct will open a store next to Baybrook Mall at 18610 Gulf Freeway in Friendswood.
WEBSTER, Texas – Balanced Foods has leased 1,400 SF at the Baybrook Passage Shopping Center at I-45 and Bay Area Boulevard. The tenant was represented by Candice Weeter of Blavesco, Ltd. and the landlord was represented by Elise Weatherall of Wulfe & Co. The center was recently acquired by Gulf Coast Commercial.
SUGAR LAND, Texas — Rosati’s Pizza has leased 1,951 SF in the new Riverstone Place, a development of Wulfe & Co. at 18802 University Blvd. The tenant was represented by Bruce Frankel of Frankel Development Group, Inc., and the landlord was represented by Kristen Barker of Wulfe & Co.
HUMBLE, Texas – Travis Fite, from Northmarq’s Houston office, secured acquisition financing for Shops at Humble, a 28,820 SF Class B unanchored strip retail property in Humble. The transaction was structured with a five-year term on a 25-year amortization schedule at a 3.5 percent interest rate.
CONROE, Texas – NAI Partners arranged a 9,000 SF retail lease with Action Behavior Center, LLC, at Greenwood Place, 2174 N. FM 3083 Road in Houston. NAI Partners’ Jason Gaines represented the landlord, Greenwood Place, LLC. Elena Bakina of Colliers represented the tenant.
KATY – Crackshack leased 4,000 SF for Southern fried chicken restaurant at LaCenterra in Katy. NewQuest represented the tenant and Evergreen Commercial represented the landlord.
DALLAS — Robinson Weeks Partners, a developer of master-planned industrial parks across the U.S., is beginning construction of a new speculative distribution facility in South Dallas. Located at 4501 Cleveland Road, the 410,102 SF Class A development known as I-20 Dallas Crossing.
COLLEGE STATION, Texas — Kept Property Group has closed on 25 acres in Millican Reserve for a 55-and-up, single-family home neighborhood. “People aged 55 and older have limited choices when it comes to active adult living in the College Station area,” said Jesse Durden of Kept Property.
PORT NECHES, Texas — Eagle Climatized Storage at 2300 Nederland Ave. in Port Neches, Texas, has been sold, according to Marcus & Millichap.
SAN MARCOS, Texas – Trez Capital announced the closing of an equity investment in partnership with Thompson Realty Capital, LLC, for the development of a 304-unit multifamily project in San Marcos to be called La Cima. With a total development cost exceeding $50 million, the project marks a key addition to the company’s development fund, the Trez Capital Private Real Estate Fund Trust.
ARGYLE, Texas — Lightrider Electric Inc. has leased 3,000 SF of industrial space in Forum Business Park, 4687 Johnson Lane, Argyle, Texas, from Americo Argyle, LP. Brandon Alexander and Jason Finch of Bradford Commercial Real Estate Services represented the landlord
DALLAS – JLL Capital Markets arranged acquisition financing for 2801 NCX, a Class AA office building totaling 240,000 SF in the West Village section of Uptown in Dallas. JLL worked on behalf of the borrower, OliveMill Holdings and Hunt Realty Investments in a partnership with Angelo Gordon to secure the five-year, floating-rate loan with a fund managed by AllianceBernstein.
GEORGETOWN, Texas — CelLink Corporation will open a facility in Georgetown to manufacture flexible circuits used in electric vehicles and battery storage units. The building will be in the Gateway 35 Commerce Center, a master-planned industrial park created by Titan Development. CelLink selected Titan’s Building 1, a Class A, 294,297 SF structure strategically located in Georgetown between I-35 and SH 130. This new building is set for completion in June 2022.
SEATTLE, Wash. — Newmark and Vulcan Real Estate announced the sale of the 635,000 SF Google-anchored Lakefront Blocks in Seattle’s South Lake Union neighborhood. Ken White, Rob Hannan and Michael Moll brokered the $802 million transaction.
INDIANAPOLIS, Ind. – Duke Realty, a logistics property REIT, has earned LEED (Leadership in Energy and Environmental Design) Silver certification for its corporate headquarters in Indianapolis at 8711 River Crossing Blvd.
ATLANTA, Ga. – Dallas-based Westmount Realty Capital bought an industrial infill portfolio in Atlanta’s Norcross submarket, Atlanta Plaza 85. The 191,526 SF portfolio consists of nine flex/light industrial buildings, with each building averaging 21,281 SF. Also, Westmount acquired Ashwood, a 160-unit apartment community in Dunwoody, a suburb of Atlanta.
LAS VEGAS, Nev. — VICIProperties acquired all real estate assets associated with the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas for $4 billion. The Venetian Resort Las Vegas, built in phases since 1999, features three hotel towers. The 35-story Venetian Tower has 3,015 luxury suites. The 12-story Venezia Tower features 1,013-suites and the 50-story Palazzo Tower has 3,064 luxury suites. Also included are 225,000 SF of gaming space, 210 table games and 1,480 slot machines.
LITTLE ROCK, Ark. — Tempus Realty Partners, an Arkansas-based real estate investment partnership, announced the recent purchase of a 259,000 SF office campus at 11000 Viking Drive in Eden Prairie, Minn.
HOOVER, Ala. — Lake Homes Realty, RealSource Title Insurance and Real Estate Closing are launching major growth initiatives along one of Alabama’s major roadways. The companies plan to expand their services, add 400 jobs over the next five years, and move to a new corporate headquarters next year in Meadowbrook along Highway 280 in Shelby County.
Lake Homes Realty currently serves 33 states and is a large lake real estate brokerage. RealSource operates in 12 states and will expand to more states soon.
“We toured a wide variety of office space available in Jefferson and Shelby Counties and were very impressed,” said Glenn S. Phillips, CEO of Lake Homes Realty. “500 Corporate Parkway met our current business needs while having plenty of room for future growth. In addition to the building’s layout and amenities, 500 Corporate Parkway offers great visibility from Highway 280 to help with our branding.”
500 Corporate Parkway is owned by SBD Partners and managed by Colliers International.
Feb. 27, 2022 Realty News Report Copyright 2022
File: RNR Real Estate Briefs
RNR Real Estate Briefs are published by Realty News Report
Photo: By Ralph Bivins. Realty News Report Copyright 2022