RNR Real Estate Briefs from Realty News Report – (Realty News Report) – HOUSTON — NexPoint Residential Trust has sold its 260-unit Hollister Place apartments in Houston. NexPoint, a publicly traded real estate investment trust (REIT), said it is also under contract to sell its Old Farm and Stone Creek at Old Farm projects in Houston.
KATY, Texas — 37th Parallel Properties, based in Richmond, Va., acquired Grand Reserve, a 291-unit multifamily community in Katy.
HOUSTON – Houston-based Dinerstein Companies has launched Atlas, the company’s new multifamily brand specializing in Class A properties. It will develop its first two Atlas-branded properties, Atlas at The Loop and Atlas Ballpark, in Kissimmee, Fla.
RICHMOND, Texas — Olive Garden Holdings, LLC, has ground-leased a 1.63-acre pad to develop a 7,805 SF restaurant in the Grand at Aliana at West Grand Parkway and West Airport Boulevard, Richmond, from NewQuest Properties. Josh Friedlander and David Meyers of NewQuest Properties represented the landlord. Brad Kilbride and Grant Walker of Lee & Associates represented the tenant.
HOUSTON – Moody Rambin arranged a 29,300 SF industrial lease at Wallisville Business Park, 9159 Wallisville Road in Houston. The new lease will bring the property to 100 percent occupancy. Moody Rambin’s Jim Autenreith and Sam Rayburn represented the landlord, LSM Kingswood Estates, LLC.
CYPRESS, Texas — Emmanor Capital 1, LLC, has acquired the 17,729 SF Cypress Lakes Crossing on 2.27 acres at 14102-14106 Mueschke Road, Cypress, from Arbed Mueschke, LP. Nick Ramsey and Kevin Sims of NewQuest Properties represented the seller. Josh Sebesta of S&P Interests, LLC, represented the buyer.
HOUSTON – Jersey Mike’s Subs leased space in Gulfgate Center at the northwest corner of Interstate 45 S and Loop 610. The tenant was represented by Lane Zieben with The Retail Connection and the landlord was represented by Katherine Wildman of Wulfe & Co.
RICHMOND, Texas — HG Ventures, LLC, has acquired the 15,750 SF Commons at Harvest Green Phase II on 1.65 acres at 11143 Harlem Road, Richmond, from ARVO-III, LLC. Rick Ragan of NewQuest Properties represented the buyer. Matt Berry, Drew Reinking and Robbie Kilcrease of CBRE represented the seller.
SUGAR LAND, Texas – MaiLilybelle Company, Inc. leased 3,900 SF at 13574 University Blvd. in Sugar Land. The tenant will be operating an Uptown Cheapskate location which sells new and used apparel and soft good merchandise. Brent Fredricks and Anthony Porraz of Moody Rambin represented the tenant. Brad Ryan and Geoff Bracken of Capital Retail Properties represented the landlord.
MISSOURI CITY, Texas – Partners Real Estate arranged a 47,332-SF lease for SUNRGY Solar Distribution located at 12411 Citypark Drive in Missouri City. Partners’ A.J. Williams and Travis Land represented SUNRGY Solar Distribution in the transaction. Beau Kaleel and Brooke Swerdlow with Cushman & Wakefield represented the landlord, Logistics Property Company.
HOUSTON – Baba Investments Dairy Ashford, LLC, has acquired the 6,686 SF Dairy Ashford Shopping center on 0.49 acres at 865 Dairy Ashford Road, Houston, from Kimberley Street, Inc. Dakota Workman, David Luther and Thomas Turner of NewQuest Properties represented the seller.
DALLAS — Avison Young brokered the sale of Allen Office Center, a 115,200 SF office building at 805 S. Central Expressway in Allen, near Dallas. The two-story property was largely vacant at the time of sale but will become the corporate headquarters for the buyer, Sol-Ark, which sells solar-generating and energy-storage technology products. Sol-Ark will relocate from Plano to Allen. Avison Young’s Susan Gwin Burks, John Bowles, Bruce Butler and Philip Boren, along with Clint Madison and Rodney Helm of Cushman & Wakefield represented the seller, Gladstone Commercial. The buyer, Toruk, LLC, was represented by Matt Middendorf of Middendorf Commercial Real Estate.
SCHERTZ, Texas – Partners Real Estate arranged a 175,562-SF lease with UPS Supply Chain Solutions at Enterprise Industrial Park Building VII located at 17455 Lookout Road in Schertz, near San Antonio..Partners’ John Colglazier, Carlos Marquez, and Kyle Kennan represented the landlord, Bentall GreenOak.
TEXARKANA, Texas — Rowe Casa Organics, an all-natural supplements company, will expand operations on its property into to 24,000 SF complex of buildings at TexAmericas Center, on the Texas side of the Texarkana area.
WILMER, Texas — Colliers announced the construction of ALTO Intermodal 45. Ben Wallace, Chris Teesdale and Tom Pearson at Colliers are representing the developer/owner, ALTO Real Estate Investments. The property is located in Wilmer, south of Dallas. This new 271,339 SF development called “ALTO Intermodal 45” will have a 40-foot clear height
AUSTIN — Chesmar Homes acquired 41 lots in Whisper Valley, a 2,063-acre zero-energy capable master-planned community in East Austin. Chesmar is owned by SH Residential Holdings, LLC, a wholly owned subsidiary of Sekisui House, Japan’s leading homebuilder
DALLAS – Covenant Denison Holdings, LLC, has selected Bradford Commercial Real Estate Services to lease the 140,000 SF Gateway Central, an office building in the Sherman/Denison submarket. The Bradford team of Richmond Collinsworth and Jared Laake will lease the project.
ATLANTA, Ga. – JLL has been selected to reposition and lease The Collection at Forsyth, a mixed-use lifestyle center recently acquired by CTO Realty Growth, a publicly traded real estate investment trust (REIT). JLL’s Coleman Morris, Sherri Mann and Alec Volle will lead the leasing efforts for the center.
PHOENIX, Ariz. – Cushman & Wakefield represented property owner Stos Partners in leasing a 94,186 SF industrial/warehouse facility in Phoenix. The new tenant is Copper State Bolt & Nut, a manufacturer and distributor of fasteners and related products in North America. Cushman & Wakefield’s Phil Haenel, Andy Markham and Mike Haenel represented the landlord. CBRE’s Bill Bayless represented the tenant.
NEW YORK, N.Y. — Berkadia has formed an alliance with global property consultancy Knight Frank, a collaboration that will offer the firms’ clients significant access to domestic and internationally-based capital while maximizing their property values. Knight Frank and Berkadia offer a combined global network of more than 22,750 people across 558 offices in 57 territories, spanning all key capital hubs.
SALT LAKE CITY, Utah — Texas-based Dalfen Industrial acquired a brand new, three-building, 183,792 SF industrial park in Salt Lake City. It is 60 percent pre-leased.
CHARLOTTE, N.C. – Karis Cold, a Florida-based developer of cold storage facilities across the US, announced that a 277,785 SF industrial cold storage facility is under construction in Rock Hill, S.C. JLL’s Spencer Yorke, John Cashion and Rich Grieder will lead marketing and leasing efforts on behalf of Karis Cold.
AUSTIN – Kansas City-based MMG Real Estate Advisors, a multifamily investment sales brokerage firm, acquired Independence Commercial Advisors. Based in Texas, Independence focuses on Lone Star State’s multifamily and self-storage brokerage. As part of the transaction, MMG has added eight investment sales advisors to the firm’s rapidly growing national roster with offices now in San Antonio, Austin, Houston and Dallas. Mike Watson and Mike Moffitt join the firm as managing directors along with senior directors Mark Diebold, Nicholas Ling, Josh Murphy and Richard Mireles and associate advisors Tyler Salter and Alex Thompson. In addition, Senior Project Manager Evelyn Pinner has joined MMG’s growing operations team from Independence.
Jan 28, 2023 Realty News Report Copyright 2023
File: RNR Real Estate Briefs
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