RNR Real Estate Briefs – HOU, AUS, DAL & more

RNR Real Estate Briefs from Realty News Report HOUSTON — Partners Capital — the investment and development platform of Partners Real Estate Company — has sold its Steeplechase Professional Building, a 61,165 SF medical office building at 11301 Fallbrook Drive in northwest Houston. Partners Capital originally acquired the property in August 2017 through its Fund I investment vehicle.

ROSHARON, Texas — Colliers announced the sale of a ±10,575 SF warehouse at 4011 Chance Lane in Rosharon. The seller, Glenmorangie, LLC, was represented by Christopher Winters and Walter Menuet of Colliers.

HOUSTON – John Hornbuckle of Cypressbrook Company represented the tenant, Premium Eagle Logistics, in the leasing of 14,880 SF of distribution space at 16560 Air Center Blvd., Houston. Valero Costello of Brummett & Co. represented the landlord, Transcentral Associates, Ltd.

MAGNOLIA, Texas — Kimberly DeVos of Cypressbrook Company represented the buyer, NCA Legacy Acquisition II, LLC, in the purchase of 43.74 acres of commercial land on El Wanda Lane in Magnolia, Texas. The seller, Sam Houston State University, was represented by Elizabeth Clampitt with JLL.

HOUSTON – Gulf Coast Commercial Group’s 24-acre Lower Heights District, located just west of downtown Houston, will soon be home to the first Flat Top Grill outside of the Midwest. The Asian fusion stir fry eatery, launched in Chicago in 1995, combines full-service dining and bar with an interactive, create-your-own bowl experience. Jim Pappas represented Flat Top Grill. Gulf Coast Commercial Group, an established, Houston-based firm specializing in retail development, management and leasing, was represented by the company’s Danny Miller along with Brett Levinson and Anderson Smith of Main Street Commercial Partners.

TOMBALL, Texas — SVN | J. Beard Real Estate – Greater Houston recently completed the sale of a ±seven-acre tract of land in Tomball, at Rudolph and East Hufsmith roads, to Equalizer USA Inc., owned by Adam Vetter and Joseph Vetter, for an undisclosed price. Currently being used as a baseball training complex, the special-use property includes indoor training facilities, two baseball fields and associated practice facilities. Jeff Beard of SVN | J. Beard Real Estate – Greater Houston represented the seller, High Heater, LLC. Jacqelyn Prosch of Alpha Commercial Group represented the buyer.

HOUSTON — Commercial real estate firm Goodegg Investments announced the successful acquisition of three multifamily assets via Goodegg Wealth Fund I: Mission Antigua in Tucson, Ariz.; Sunset Villas in Phoenix, Ariz. and the Sarah at Lake Houston in Houston. Goodegg Investments is an award-winning women-owned and women-led business headed by Julie Lam and Annie Dickerson. Since its inception in 2018, Goodegg has built up a portfolio totaling $1B-plus across 8,000-plus multifamily units.

WEBSTER, Texas – Poke Chef leased 1,532 SF in the Baybrook Passage Shopping Center at I-45 and Bay Area Boulevard in Webster. Baybrook Passage is the third greater Houston area location for Poke Chef. The landlord was represented by Elise Weatherall of Wulfe & Co.

STAFFORD, Texas – Cynthia Shelton, CPA, has renewed her lease for 1,156 SF at 4800 Sugar Grove in Stafford. Leslie Brew of CXRE represented the landlord, 4800 Sugar Grove, LLC, and David Gerber of Gerber Realty represented the tenant.

CLEVELAND, Texas — SVN | J. Beard Real Estate – Greater Houston recently completed the sale of a 0.57-acre pad site at 508 S. Washington Ave. in Cleveland, Texas. Jackson Cain represented the seller.

CONROE, Texas — Thompson Thrift, a full-service real estate company, announced the sale of Watermark at Grand Central Park, a 288-unit Class A multifamily community in the Houston suburb of Conroe. San Diego-based CEG Multifamily purchased the community. Jennifer Ray with Walker & Dunlop brokered the sale for Thompson Thrift.

HOUSTON – Casoro Group, a multifamily t firm based in Austin, has sold its 366-unit Quinn South at Westchase, at 2201 Hayes Road. Casoro is seeking a buyer for its adjacent Quinn North apartments. Chi Hathiramani is Chief Investment Officer at Casoro.

TEXAS — RNR Real Estate Briefs from Realty News Report

DALLAS — The largest contiguous urban arts district in the United States will soon be joined by the first JW Marriott Hotel in Dallas. Called the JW Marriott Dallas Arts District Hotel, the 15-floor, 267-room hostelry located at 800 North Harwood St. is scheduled to open in the spring of 2023.

AUSTIN — CBRE announced that Epicor Software Corp., a global leader in industry-specific enterprise software to promote business growth, has relocated its headquarters within the Las Cimas office complex in southwest Austin. The company leased 45,496 SF at Las Cimas II. CBRE’s Nate Stricklen and John Gump represented Epicor in site selection and lease negotiations. Cushman & Wakefield’s Kevin Granger and Brian Liverman represented the landlord, Boston-based Rockpoint.

WACO, Texas – SkyWalker Property Partners and Utah-based Zelevie Health acquired the shuttered 116-bed Healthcare Resort of Waco, an assisted living and skilled care facility. It will be re-branded Zelevie Health of Waco. Come Together Prop Co., LLC, a single-purpose entity of SkyWalker’s When Opportunity Knocks investment fund, is the buyer of record. The seller, KCP Waco Holdco, LLC, is affiliated with Kawa Capital Management.

AUSTIN – Transwestern announced that Molto Properties broke ground on its first real estate development in central Texas. Blue Springs Business Park is a state-of-the-art logistics center totaling 604,064 SF of distribution buildings located less than half a mile from Interstate 35 at Southeast Inner Loop and Blue Springs Boulevard.

NATIONAL — RNR Real Estate Briefs from Realty News Report

CHARLOTTE, N.C. — Jefferson Apartment Group, a multifamily developer and operator specializing in premier apartment communities on the East Coast, has broken ground on J Optimist Park in Charlotte. J Optimist Park will be a 350-unit, six-story midrise featuring a red brick and ironwork exterior in a nod to the industrial heritage of the property.

ATLANTA, Ga. — Westmount Realty Capital announced the third recent purchase of an industrial flex portfolio in Atlanta’s Norcross submarket, 5500 Oakbrook. The portfolio consists of two single-story, flex buildings totaling 56,602 SF at 5500 Oakbrook Parkway. This property sits near two other assets acquired by Westmount, Plaza 85 and Norcross 85.

JACKSONVILLE, Fla. – Braden Allen Investment Advisors purchased 701 San Marco, a 700,000 SF office tower in downtown Jacksonville. JLL Capital Markets represented the seller, The Prudential Insurance Company of America. The JLL team included Hermen Rodriguez, Robbie McEwan, Ike Ojala, Matthew McCormack and Peter Politi.

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RNR Real Estate Briefs are published by Realty News Report