RNR Real Estate Briefs from Realty News Report – HOUSTON – Transwestern Real Estate Services announced that Opportune, a global energy consulting firm, signed a long-term, 62,535 SF expansion and renewal at Pennzoil Place, 711 Louisiana St. in downtown Houston. Opportune will occupy the 31st through 34th floors at the two-building property. Transwestern’s Tyler Garrett and Eric Anderson provided agency leasing services on behalf of the landlord, Metropolis Investment Holdings Inc. Lucian Bukowski of CBRE represented Opportune.
HOUSTON — Colliers Houston has negotiated the sale of Avondale Highline, a 50-unit luxury multifamily community at 214 Avondale St. in the Montrose neighborhood of Houston. Jim Humphries, J. Todd Stewart, Chip Nash and Bob Heard of Colliers represented the seller, UG Avondale II, LLC. The buyer was a California-based investment group making its first Houston purchase.
HOUSTON — NAI Partners recently arranged the sale of Sunny’s Self Storage, a 93,455 SF, Class A property at 1555 W. Grand Parkway N. The buyer plans to rebrand the facility to a Life Storage location. NAI Partners’ Ryan DeGennaro represented the seller, Hetsun Properties. The facility sits on 2.5 acres and features 622 rentable units.
HOUSTON — Sealy & Company, a commercial real estate investment and operating company, announced the acquisition of 353,559 SF of Class A industrial real estate in Houston. The seven-building portfolio, known as Beltway 8 Business Center, was acquired for an undisclosed amount. The closing of that business park comes just days after the company added a 1.27 million SF industrial portfolio location in Wichita, Kansas.
KATY, Texas — Colliers announced that Grand Parkway Smiles leased 2,880 SF in Royal Montreal Plaza, at 2004 South Mason Road in Katy. Kimberly Lenardson and Hannah Tosch of Colliers represented the landlord, PCRIF Royal Montreal.
RICHMOND, Texas — Plato’s Closet leased 4,250 SF of retail space on FM 1093 in Richmond. John Buckley and Jason Gibbons with Finial Group represented the landlord.
KATY, Texas — Weitzman is pre-leasing Porter Lake Crossing, a planned retail center at Porter Lake Road and Stockdick School Road in northwest Katy. The center, which will incorporate three multi-tenant buildings and a 6,000 SF pad site, will total 40,130 SF upon completion. Sarah Thobae and Kyle Knight with Weitzman handle leasing.
.CONROE,Texas – Jason Whittington of NAI Partners arranged the lease of medical office space for Dr. Robert E. Neville in Conroe. The landlord, Conroe Shopping Center, LLC, was represented byJim Baynea nd Gary Warner with Investar Real Estate Services.
HOUSTON – Marcus & Millichap announced the sale of an industrial building at 7011 Brittmoore Road in Houston.
HOUSTON — Heartland Dental leased 1,800 SF in Coles Crossing Shopping Center at 12330 Barker Cypress. The landlord was represented by Wes Miller of Wulfe & Co.
SUGAR LAND, Texas – FreeRolls Poker Club has leased 3,000 SF in the Grand Parkway Shopping Center at 17211 W. Grand Parkway South in Sugar Land. The tenant was represented by Chris Sears of Forey Real Estate and the landlord was represented by Kristen Barker of Wulfe & Co.
NEW BRAUNFELS, Texas — Worth & Associates, a San Antonio-based commercial real estate developer, has renewed and expanded its lease agreement with outsourced digital services and next-generation customer experience provider TaskUs to lease space in Worth’s Heritage Plaza business park at 1650 Independence Drive in New Braunfels. The TaskUs headquarters now occupies more than 80,000 SF feet in the project. Wills Bauer and Randy Cooper of Stream Realty Partners represented TaskUs and Shawn Gulley with Worth & Associates represented the landlord
LONGVIEW, Texas— DWG Capital Partners, a Los Angeles-based commercial real estate investment firm, has completed the acquisition of the M. Roberts Media headquarters and industrial production facilities in Longview, from MAG Capital Partners. Totaling 124,417 SF, the properties are in Longview’s central business district at 320 E. Methvin St. and 325 E. Tyler St. Both are fully occupied by M. Roberts Media. Dugan Kelly of Kelley Clarke PC represented DWG.
WINTER HAVEN, Fla. — Coca-Cola Beverages Florida, LLC, has expanded its Polk County footprint, in line with a continued commitment to invest in associates, customers and the communities it serves by purchasing a 407,000 SF warehouse in Winter Haven’s Central Intermodal Logistics Center. The purchase includes thirty-seven acres of land.
SALT LAKE CITY, Utah – An affiliate of Walton Street Capital acquired a 95-unit boutique apartment community at 385 South 400 East in downtown Salt Lake City.
DALLAS – Crow Holdings, announced that its multifamily development company, Trammell Crow Residential, has partnered with Boston-based Marcus Partners to develop Alexan Harrison, a 450-unit multifamily residence in Harrison, N.Y.
FORT COLLINS, Colo. — JLL Income Property Trustacquired the Pinecone Apartments in the Denver suburb of Fort Collins. The 13-building, 195-unit apartment community was acquired for $52 million,
CELEBRATION, Fla. — Versity Investments, LLC,has acquired Astoria, a multifamily property built in 2015 in the community of Celebration. Versity CEO Blake Wettengel said the property is the company’s first multifamily asset and is currently 97.1 percent leased. Astoria was offered as a 1031 exchange.
CORAL GABLES, Fla. – Patrinely Group announced that Snowden Capital Advisors, a New-York based wealth advisory firm, signed a 9,568 SF lease at Columbus Center located in Coral Gables. The 10-year lease nearly doubles the firm’s footprint as the renewal included an additional 4,568 SF of space. Located at 1 Alhambra Plaza, Columbus Center is a 263,000 SF office and retail complex.
Oct. 23, 2021 Realty News Report Copyright 2021
For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up by Ralph Bivins. Available on Amazon http://tiny.cc/4a2g6y
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File: RNR Real Estate Briefs
RNR Real Estate Briefs are published by Realty News Report
Photo credit: Ralph Bivins for Realty News Report Copyright 2021
Caption: Pennzoil Place in downtown Houston was developed by Hines Interests.