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

Real Estate Briefs from Realty News Report  – HOUSTON – Partners Real Estate arranged a 10,814-SF lease renewal for Whitney Oil & Gas located at 920 Memorial City Way. Partners’ Dan Boyles and Brent Bishop represented the tenant in the transaction. Metro National’s Brad MacDougal and Warren Alexander represented the landlord.


CONROE, Texas – SVN J. Beard Real Estate – Greater Houston has recently facilitated a portfolio sale comprised of nine retail buildings and one office building in Conroe, north of Houston. Jeff Beard and Bonnie Pfrenger of SVN | J. Beard Real Estate represented the seller. Kristi Delafuente of JNK Property Group represented the buyer.


HOUSTON – Avison Young Principals Anthony Squillante and Drew Coupe represented Cougar USA in leasing 45,846 SF for its corporate headquarters. Located at 8850 Fallbrook Drive in Houston, the space will include 18,009 SF of office with the balance of the facility being warehouse space. The landlord, Prologis, was represented by Jeremy Lumbreras and William Carpenter of Stream Realty.


HOUSTON – Century Communities, a top 10 national home builder, will construct houses in the 2,300-acre Creekland Village, the newest and final village of Bridgeland in Cypress. Located west of Grand Parkway and inspired by the neighboring Cypress Creek, more than 50 percent of the community is dedicated to open space, including a 2.5-mile greenway system, miles of hiking and biking trails, woodlands, wetlands, and streams.


HOUSTON – Doc Perrier and William Alcorn of Finial Group executed a sale at 12402 Eastex Freeway in Houston. The newly renovated industrial building with I-59 frontage holds a total of 12,260 SF, with 2,400 SF of office space. The seller was TGFG 12402 Eastex Hou, LLC. Jeff Kuper and Stephen Kuper of Lee & Associates represented the buyer.


CONROE, Texas—The Signorelli Company has completed the utility and infrastructure work for Angel Reach Village, a community designed to provide homes for youth at risk for homelessness. The company’s homebuilding division, First America Homes has begun construction on the first eight duplexes within the community. Angel Reach Village is a faith-based charitable organization of Angel Reach, whose mission is to help youth aging out of foster care.


HOUSTON – Excel Commercial Real Estate announced the grand opening of Laurel Springs RV Resort, a gated RV community located in Kingwood. Excel also acquired Eric & Jay’s RV Resort in southeast Houston. Both RV resorts are professionally managed by Jetstream Communities. Richard Rainer is the Co-Founder of Excel.

Texas

DALLAS— Weitzman has been named leasing agent for the retail space in the Bank of America Plaza, 901 Main Street in downtown Dallas. The office tower features 39,176 SF of retail. Weitzman’s Giovanni Scardino and Addison Gragson handle leasing. Bank of America Plaza and its 72 floors are both Dallas’s tallest tower and its best-known skyscraper, thanks to its famed green LED outline.


SAN ANTONIO – Newmark announced the sale of The Redland, a 276-unit, value-add multifamily asset located in North Central San Antonio. Newmark’s Patton Jones, Matt Michelson and Andrew Dickson represented the seller, The Bascom Group in the transaction to buyer Ilan Investments. The asset was 93 percent occupied.

National

COLUMBUS, Ohio – Transwestern Investment Group has acquired Rickenbacker Global Logistics Park Rail Site 8 on behalf of a separately managed account. The 582,400-SF industrial asset located at 1417 Rail Southern Court in Columbus, is fully leased to an investment-grade tenant.


JERSEY CITY, N.J. – NewPoint Real Estate Capital provided a $153.6 million Freddie Mac Conventional loan to refinance The One, a 35-story, 451-unit multifamily high-rise in Jersey City, NJ.


DENVER – Denver-based real estate and community developer East West Partners selected Cushman & Wakefield as the office leasing broker for Cherry Creek West, the mixed-use redevelopment of 13 acres adjacent to Cherry Creek Shopping Center. The Cushman & Wakefield team of Nicholas Pavlakovich, Matthew Gautreau and Michael Pavlakovich will lead leasing efforts.


ATLANTA — Atlanta Property Group (APG), a leading Atlanta full-service real estate firm, announced the $8.1 million sale of 1075 Big Shanty and the $10.4 million sale of Paces Cumberland. APG sold 1075 Big Shanty, a 72,000-SF single-story office building located at 1075 Big Shanty Rd. in Kennesaw earlier this month. After 10 years of ownership, APG sold Paces Cumberland, a 70,000-SF multi-tenant office building located at the intersection of I-285 and Paces Ferry Rd in the Vinings community.


March 25, 2023 Realty News Report Copyright 2023

File: RNR Real Estate Briefs

RNR Real Estate Briefs are published by Realty News Report

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RNR Real Estate Briefs are published by Realty News Report

Additional news briefs

RNR Real Estate Briefs Reported March 18, 2023

RNR Real Estate Briefs Reported  March 3, 2023

RNR Real Estate Briefs Reported Dec.17, 2022

RNR Real Estate Briefs Reported Jan 7, 2023

RNR Real Estate Briefs Reported Jan. 14, 2023

RNR Real Estate Briefs Reported Jan. 21, 2023

Photo credit Ralph Bivins, Realty News Report Copyright 2023

 

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