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

RNR Real Estate Briefs from Realty News Report THE WOODLANDS — Four new office leases were signed recently in buildings at 1400 Woodloch Forest Drive, 9950 Woodloch Forest Tower, Two Hughes Landing and Three Hughes Landing in The Woodlands. The landlord, The Howard Hughes Corp., was represented by Bob Parsley, Norm Munoz and Jillian Fredericks with Colliers. The tenant activity:

Peter A. Johnson, MD, PA, was represented by Aimee Frazier with Cole Realty & Management;
Jett Realty Group of JLA Realty represented Altitude Energy Partners;
Riley Exploration Permian, Inc., was represented by Josh Cheathamwith Newcor Commercial Real Estate ; and
MTill Holdings, LLC, was represented by Mike Nilsen with Tarantino Properties.

HOUSTON – The Chair King leased 10,745 SF in the Hedwig Village Shopping Center at 9421 Katy Freeway. The landlord was represented by R. Carson Wilson IV of Fidelis and the tenant was represented by Katherine Wildman of Wulfe & Co.

HOUSTON — NAI Partners arranged an 18,442 SF lease extension for SOR Inc. at 5175 Ashley Court in Houston. AI Partners’ Chris Kugle represented the tenant and John Ferruzzo with Transwestern represented the landlord.

MISSOURI CITY, Texas — Ulta Salon, Cosmetics & Fragrance has leased 10,000 SF of retail space in Fort Bend Town Center II at TX 6 and Fort Bend Tollway, Missouri City, from NewQuest Properties. Andrew Alvis and Bob Conwell of NewQuest represented the landlord. Shireen Owlia, also ofNewQuest,represented the tenant.

WEBSTER, Texas — pOpshelf, a new concept store created by Dollar General, leased 11,830 SF in the Baybrook Village Shopping Center in Webster. pOpshelf first debuted in Tennessee in October 2020 and sells most items for $5 or less. Nationally, pOpshelf is expected to open about 1,000 stores by 2025. Mark Raines and Matt Parsons of JLL represented the tenant and Elise Weatherall of Wulfe & Co represented the landlord.

HOUSTON – Houston-based Wu Properties acquired the Market Square at Eldridge, a 262,556-SF regional power center in West Houston at 2660 Eldridge Parkway S. The seller was NewQuest Properties and equity partner, Chicago-based Walton Street Capital. NewQuest retained 1.6 acres for future development. JLL represented Walton St.

HOUSTON – NAI Partners arranged a 10,027 SF lease for Greyhound Energy, at 777 North Eldridge Parkway.NAI Partners’ John Zivley represented the tenant. Jon Dutton represented the landlord, Granite Properties.

HOUSTON – Excelsa Properties completed the sale of Bend at Oak Forest, a 392-unit value-add multifamily property located in the Northwest/Oak Forest submarket of Houston. Excelsa US Real Estate I, LP acquired Bend in a joint venture deal with GoldCor Capital Partners in June 2019.

CYPRESS, Texas — Teriyaki Madness has leased 1,400 SF of retail space in Shops at Rock Creek at Spring Cypress and Grant roads,from NewQuest Properties. Lara Lee LaMendola and Andrew Alvis of NewQuest represented the landlord. Brett Strake, also of NewQuest, represented the tenant.

STAFFORD, Texas — NAI Partners arranged a 11,580 SF lease for Berryman Racing, LLC, at 650 Stafford Run Road in Stafford.

HOUSTON – NAI Partners arranged a 10,027 SF lease for Greyhound Energy, LLC, at 777 North Eldridge Parkway in Houston. NAI Partners’ John Zivley represented the tenant and Jon Dutton represented the landlord, Granite Properties.

TEXAS — RNR Real Estate Briefs from Realty News Report

SAN ANTONIO – Multifamily investment firm DB Capital Management has partnered with Sabal Financial Group to acquire Villas of Henderson Pass, a 228-unit multifamily community at 16465 Henderson Pass in San Antonio. The property is 98 percent occupied. Los Angeles-based DB Capital has spent more than $160 million in Alamo City investments in seven months.

WILMER, Texas — Partners, a private equity real estate investment firm, has announced its newest development, Port 45, a Class A industrial development consisting of two rear-load buildings totaling 567,516 SF and located at 2500 and 2700 Southern Millers Ferry Road in Wilmer, fronting Interstate 45 just south of Dallas.

KILLEEN, Texas — Venterra Realty recently acquired the Keystone Apartments in Killeen. The 212-unit multifamily community offers one- and two-bedroom garden-style residences that range from 479 to 916 SF.

DALLAS — Harwood International announced the acquisition of The Luminary, a 169,005 SF, Class A office building at the intersection of Harwood District, Downtown, the Arts District and Victory Park in Dallas. The state-of-the-art office building was completed in 2019 and is 67 percent leased.

SAN ANTONIO — Fairstead, announced the acquisition of the historic Aurora Apartments tower in the Tobin Hill neighborhood of San Antonio. Located at 509 Howard St., the 11-story building comprises 105 apartments that are home to low-income senior residents. Fairstead will invest $15 million to rehabilitate the asset while preserving its affordability and historic character.

RICHLAND HILLS, Texas – Anything Liquid Manufacturing Inc. has acquired an 18,242-SF office/warehouse on 1.19 acres at 7370 Dogwood Park Dr., Richland Hills, from Direct PrintIQ. Joe Santaularia, senior vice president and managing partner of Bradford Commercial Real Estate Services, and Jason Finch, first vice president, represented the buyer. Bob Scully and Brice Wells of CBRE represented the seller.

SCHERTZ, Texas– NAI Partners arranged the sale of an 18,790-SF industrial building on 65.2 acres on 222 FM 2252 in Schertz, Texas.NAI Partners’ Carlos Marquez represented the buyer, Alterra Property Group of Philadelphia in the transaction. Phil Crane and Dan Gostylo with Providence Commercial Real Estate Services represented the Seller.

NATIONAL — RNR Real Estate Briefs from Realty News Report

WAUSAU, WIS. – Hicks Ventures, a Houston-based, privately held development company, has broken ground on its 42-bed, 53,000-SF, two-story Inpatient Rehabilitation Facility in Wausau, Wis. ,The facility will include an inpatient dialysis suite. The $28 million development will be the first project in the $100 million programmatic joint venture between Hicks Ventures and an institutional real estate investment manager formed in January to develop national Inpatient Rehabilitation Facilities (IRFs) and Behavioral Health Hospitals (BHHs).

WASHINGTON, D.C. — Hines, the global real estate firm, along with Urban Atlantic and Triden Development Group, announced that the first retail tenants have moved into The Parks at Walter Reed, the 66-acre mixed-use community in Washington, D.C. The Marketplace, the community’s hub, is anchored by Whole Foods Market. CBRE, Inc. represented the landlord on all deals.

CHICAGO, Ill. — JLL Income Property Trust, an institutionally managed daily NAV REIT with some $6.7 billion in portfolio assets, announced the acquisition of Patterson Place, a 25,000 SF retail center in Durham, N.C. The property is anchored by Duke Medical Plaza, which was recently acquired by JLL Income Property Trust. Patterson Place was acquired for about $14.5 million.

LAS VEGAS – Haven Realty Capital in partnership with funds managed by an affiliate of Apollo Global Management) has closed the first phase of a $22.8 million acquisition of a build-to-rent (“BTR”) townhome community now under construction in the Las Vegas community of Summerlin. The Haven-led joint venture will close on the remaining homes in phases over the next 12 months. Thrive at Peace Way is being developed by the seller, a joint venture of Edward Homes and Avision Development Partners.

ETC.

LAS VEGAS – CBRE has opened its new Las Vegas office at UnCommons, a 40-acre mixed-use development constructed with WELL certification standards for health and wellness. Located at 8548 Rozita Lee Avenue, Suite 200, the 19,000-SF workplace occupies an entire floor of one of UnCommons’ five office buildings. CBRE moved from 3993 Howard Hughes Parkway.

The new office is part of CBRE’s Workplace360 program, the company’s long-standing approach to workplace strategy for its corporate offices. The space showcases CBRE’s “Future of Work” space standards, including innovative technology and a wider variety of collaborative spaces, designed to support hybrid working. CBRE launched its Workplace360 program in 2012 and has since opened 100 Workplace360 offices across the globe.

.UnCommons is being developed by Matter Real Estate Group.

Photo: Two Hughes Landing and Three Hughes Landing in The Woodlands. Courtesy Howard Hughes Corp.

File: RNR Real Estate Briefs

RNR Real Estate Briefs are published by Realty News Report