RNR Real Estate Briefs from Realty News Report -HOUSTON — Colliers announced the sale of the 66-unit White Oak Highline apartments at 610 Oxford Road in Houston’s Heights area. The buyer was Greenhouse White Oak. Jim Humphries, J. Todd Stewart, Chip Nash and Bob Heard of Colliers represented the seller, UG Oxford.
HUNTSVILLE, Texas — Uberrito Fresh Mex has leased 2,500 SF in the Ravenwood Village Shopping Center at 255 I-45 South in Huntsville. Uberrito is a fast casual restaurant that operates as a build-your-own concept. The landlord was represented by Clay Trozzo of Property Commerce and the tenant was represented by Kristen Barker of Wulfe & Co.
SUGAR LAND, Texas — Colliers announced the sale of a 10,000 SF freestanding building at 4920 River Falls Drive in Sugar Land. The buyer, Cynet Capital, was represented by Zhen Liang of PY Realty Co. Bill Insull and Todd Moore of Colliers represented the seller, Crest Ridge. The former childcare facility is located on a 1.16-acre lot adjacent to the Grand Parkway.
HOUSTON — The Medal family purchased a 3.2-acre lot at 12734 Unison Road, Houston, as the main location of its trucking business. The seller, the Dear family, previously used the property as its homestead for many years and was represented by Cotton Munson of Davis Commercial.
HOUSTON — NAI Partners — the commercial real estate services business of Partners Real Estate Company — recently arranged a 3,876 SF office sublease at 12621 Featherwood Drive in Houston. NAI Partners’ Pierce Beyer and Jon Silberman represented the sublessor, SIS-Tech.
HOUSTON – Transwestern Real Estate Services has completed five spec suite lease transactions totaling 12,339 SF at 1717 St. James Place in Houston’s Galleria submarket. Transwestern’s Evelyn Ward and Paula Musa provided agency leasing services on behalf of the landlord, Accesso.
HOUSTON — A local family trust has acquired two Take 5 Oil Change net-leased properties at 4450 Woodlands Parkway and 7940 Research Forest Drive in The Woodlands, from Edry B&I-2 GP. Marc Peeler and Rick Ragan of NewQuest Properties represented the seller and buyer, respectively.
HOUSTON — International Food Distribution, LLC, leased 8,971 SF at Prologis Post Oak Business Center at 4410 West 12th St. William Carpenter and Boone Smith with Stream Realty Partners represented the landlord, Prologis.
HUMBLE, Texas – Heartland Dental, LLC, has leased 3,840 SF of retail space in Woodforest Plaza Shopping Center on FM 1960 in Humble, from Humble Willis, LP. Kevin Sims and Nick Ramsey of NewQuest Properties represented the landlord. Shireen Owlia of NewQuest Properties represented the tenant.
HOUSTON — LeafGuard Holdings leased 7,703 SF at Commerce Park Northwest 4 at 8901 Jameel Road. William Carpenter and Boone Smith with Stream Realty Partners represented the landlord, LINK Industrial.
KATY, Texas — Tutoring Club of Katy has leased 1,400 SF of retail space in Shops at Katy Reserve from NewQuest Properties. J.J. McDermott and Kevin Sims of NewQuest Properties represented the landlord. Nathan Buckoff of ReMax Commercial represented the tenant.
HOUSTON — NAI Partners — the commercial real estate services business of Partners Real Estate Company— recently arranged a 13,709 SF office lease for Riverway Title at Three Riverway in Houston. NAI Partners’ Jason Whittington represented the tenant. The landlord was represented by Brad Fricks with Stream Realty.
TEXAS — RNR Real Estate Briefs from Realty News Report
AUSTIN – Newmark completed the sale and financing of Nexus East, a newly constructed, 352-unit multifamily asset in Austin. The seller was a partnership between Ardent Residential and DDelta Development, based in Monterrey, Mexico. The purchaser was an affiliate of Treeline Multifamily Partners, Ltd. Newmark’s Patton Jones and Andrew Dickson represented the seller.
TYLER, Texas — Edge Capital Markets brokered the sale of Pine Corners Shopping Center in Tyler. Micha van Marcke and Chace Henke of Edge represented the seller. Pine Corners Shopping Center is a recently renovated, Dollar Tree-anchored retail center.
SAN ANTONIO, Texas — Kuper Sotheby’s International Realty, a Texas real estate firm with offices in Austin, San Antonio and the Hill Country, has closed $3.7 billion in sales in 2021. The agency has 350 associates.
AUSTIN — Allied Orion Group is planning to develop The Evergreen at Whisper Valley, a 350-unit, garden-style, apartment home community. The Evergreen will be the first multifamily community located within the 2,067-acre Whisper Valley, developed by Taurus Investment Holdings. It will be in East Austin along SH-130 and US 290.
AUSTIN -– CenterPoint Properties has expanded its Texas investments into the Austin industrial market, acquiring the distribution facility at 3830 Promontory Point. The company’s first transaction in the Austin market comes eight years after it began buying up millions of square feet of space in Houston.
PLANO, Texas — NewPoint Real Estate Capital LLC has acquired certain assets of Housing & Healthcare Finance, including its FHA multifamily and healthcare origination business and its loan servicing portfolio.
NATIONAL — RNR Real Estate Briefs from Realty News Report
DENVER, Colo. — Haynes and Boone, LLP, a Dallas-based international corporate law firm, leased 13,125 SF on Level 22 of the Block 162 building in Denver. The building was developed by Patrinely Group and USAA Real Estate.
GRAYSLAKE, Ill. — Lee & Associates negotiated a $3.4 million sale of a six-acre site occupied by a 40,000 SF Hines Lumber facility in Grayslake.
ODESSA, Fla. — JLL Income Property Trust acquired the newly constructed 13,500 SF North Tampa Surgery Center for $8.5 million.
Dec.19, 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
Houston 2020 Ebook version https://tinyurl.com/4xm7z8b5
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