RNR Real Estate Briefs from Realty News Report WALLER, Texas – NAI Partners—the commercial real estate services business of Partners Real Estate Company— arranged the sale of 213 acres located at Field Store Road and Knebel road in Waller of the northwest side of Houston. NAI Partners’ Alex Makris and Jeff Pittman represented the seller Robert R Surratt, LLC. The buyer, Inspire Communities, plans to build a residential development on the property, which is near Highway 290.
HOUSTON – Colliers announced the sale of 9.3 acres located on Cossey Road in Northwest Houston just east of the Tomball Parkway. The buyer, Three Diamond Capital Holdings, was represented by Jack Gaffney and Dylan Schopper of Finial Group. Tom Condon, Jr. of Colliers represented the seller, David & Melanie Talley. Three Diamond Capital Holdings purchased the land as an investment property and plans to develop in the future.
CONROE, Texas – Benihana leased 6,929 SF in the Teas Crossing center at I-45 N and FM 3083. The landlord Read King Commercial Real Estate was reposented by Matt McKinnerney and Lane Pleason. Jon Jamison of Newquest represented Benihana.
TOMBALL, Texas – NAI Partners arranged the sale of an 18,500 SF warehouse at 21247 Courville Road in Tomball, next to the Tomball Business & Technology Park. NAI Partners’ Cary Latham and Hunter Stockard represented the seller, REB TX LAND Properties, LLC, and also procured the buyer.
HOUSTON — Construction is underway on a new retail food hall at the University of Houston that will transform the campus dining experience.The Hub is a two-story, 41,000 SF facility designed by Perkins & Will. Turner Construction Company is general contractor.
HOUSTON — Michael Evans and Mitchell Oxman of MHW Brokerage Services represented the buyer, For Us Properties, LLC, in the purchase of a 10,000 SF office/warehouse at 3113 Farrell Road in Houston. Erica Mesusan and Jon Spears of The National Realty Group represented the seller, Bestec Houston, LLC.
HOUSTON – Nando’s PERi-PERi, the South African restaurant known for spicy flame-grilled chicken, announced its first new major market expansion in more than seven years will be in the Houston area. Plans call for new restaurants in Post Oak Plaza in Uptown and La Centerra in Katy’s Cinco Ranch. Future expansion throughout Texas is planned.
HOUSTON — Lev, the commercial real estate financing platform, closed a bridge refinance loan for a 292-unit multifamily property in Houston. The loan is a floating rate, three-year, interest-only debt package. The asset was purchased in December 2020 by Los Angeles-based Claridge Properties, led by CEO Ricardo C. Pagan.
HOUSTON – NAI Partners—the commercial real estate services business of Partners Real Estate Company—recently arranged the sale of the 15,000-SF building 1 at Vault 529 Industrial Business Park at 13738 FM 529. NAI Partners’ Darren O’Conor represented the seller, FM 529 Holdings. Jeremy Kraus and Jordan Enger of CBRE represented the buyer.
DALLAS – Cushman & Wakefield announced it has arranged a 24,616 SF lease for Godwin Bowman, PC, at the Ross Tower in downtown Dallas. Ryan Hoopes and Tom Sutherland of Cushman & Wakefield represented the tenant. Hunter Lee, Luke Aviles and Ben Cuzen provided in-house representation for the landlord, HPI Real Estate.
SAN ANTONIO – NAI Partners arranged the sale of a 38,283-SF bowling alley building, which will remain in operation at 3239 Harry Wurzbach Road in San Antonio.NAI Partners’ Joshua Murphy and Ross Anderson represented the seller, A and E Sports LLC in the transaction. The buyer was represented by Jorstep, Inc.
SAN ANTONIO – Newmark has completed the sale and financing of Live Oak Place, a 308-unit, value-add multifamily asset in northeast San Antonio. Newmark’s Jim Young, Matt Michelson and Chase Easley represented the seller, 29th Street Capital. Newmark’s Matt Greer and Andrew Wilson helped arrange the acquisition financing on behalf of the buyer.
NORTHLAKE, Texas – The Woodmont Company has started construction on a new 12,000 SF Kiddie Academy of Northlake at 7255 Canyon Falls Drive in Northlake.
SAN ANTONIO — H&E Equipment Services leased 7,500 SF at 402 Callaghan Road in San Antonio. NAI Partners’ Carlos Marquez and John Colglaizer, Jr. represented the tenant. Darren Kuyrkendall with Kuyrkendall & Company Inc. represented the landlord.
DEERFIELD BEACH, Fla. — JLL Capital Markets closed the $18.75 million sale of Rivertown Square, a 145,502 SF shopping center anchored by Winn-Dixie and Beall’s Outlet in the South Florida community of Deerfield Beach. JLL represented the seller, RPT Realty. South Florida-based JBL Asset Management acquired the center. Rivertown Square stands on 13.04 acres at North Federal Highway and SE 10th Street. The JLL Retail Capital Markets team included Danny Finkle, Eric Williams and Kim Flores.
FORT MYERS, Fla. – New York-based Manhattan Five Partners purchased the 240-unit Laurels Apartments in Fort Myers for $44.6 million. The seller was Spruce Capital led by Robert Schwartz and Joshua Crane in a partnership with Post Road Group, which purchased the property for $34.8 million in June 2019. Steven Vegh of Westwood Realty was the sole broker for the off-market transaction. Jeffrey Srulowitz leads five Partners.
LAFAYETTE, La. — Marcus & Millichap announced the sale of Centerpiece Shopping Center, a 45,143 SF retail property in Lafayette, La., according to Ford Noe, regional manager of the firm’s Houston office. Alex Wolansky, Blake Frampton, Gus Lagos and Zuhair Rizvon, investment specialists in Marcus & Millichap’s Houston office, had the exclusive listing to market the property on behalf of the seller.
TEMPE, Ariz. – Cushman & Wakefield announced the firm has brokered the sale of a 56,240 SF flex office property in Tempe. Located at 8123 South Hardy Drive, the single-story building will soon be fully vacant following the departure of its sole tenant. The Southeast Valley property sold for $11 million. The seller was 7172 South Airport Road, LLC, and the buyer was RSE Capital Partners, LLC. Cushman & Wakefield’s Eric Wichterman, Mike Coover, Brad Anderson and Mike Strittmatter brokered the transaction.
SEATTLE, Wash. – New Point Real Estate Capital provided an $86.6 million Freddie Mac floating-rate loan to facilitate the acquisition of Alcove at Sea Hurst on behalf of an affiliate of Norfolk, Va.-based Harbor Group International. The 543-unit multifamily community is in Burien, Wash., roughly nine miles south of downtown Seattle.
June 11, 2022 Realty News Report Copyright 2022
File: RNR Real Estate Briefs
Image: Courtesy NAI Partners
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RNR Real Estate Briefs reported June 4, 2022