RNR Real Estate Briefs from Realty News Report– HOUSTON — Lee & Associates – Houston and Lee & Associates – Oakland represented Weee!, Inc. in the lease of 117,632 SF of cold storage distribution space on 6.5 acres at 3350 and 3550 Rogerdale Road in Houston. Mike Spears and Frank Blackwood of Lee & Associates – Houston, as well as Chris Schofield of Lee & Associates — Oakland, represented the tenant.
HOUSTON— The law firm of Mott & Moffett, LLP, signed a lease for the entire second floor of 4301 Yoakum Blvd. in Montrose. The structure is a renovated building constructed in 1919. The law firm, which is relocating from the Lyric Tower downtown, was represented by Tucker Fama with Axis Tenant Advisors.The landlord was represented by Ashley Casterlin with Davis Commercial.
HOUSTON — NAI Partners arranged the sale of 5606 Harvey Wilson Drive, a 39,445 SF warehouse. NAI Partners’ Chris Kugle represented the seller, 5606 Harvey Wilson LLC, and Steven O’Connor of PrinGroup Commercial represented the buyer, HW 5606, LLC.
HOUSTON – Lee & Associates – Houston represented Jackrabbit Road Industrial, LLC, in the lease of 14.6 acres at 9330 Jackrabbit Road in Houston.C.E. “Trey” Erwin III of Lee & Associates – Houston represented the landlord.
HOUSTON – JLL Capital Markets closed the sale of and arranged acquisition financing for a 72,980 SF portfolio of industrial properties in Houston. JLL marketed the portfolio for the seller, Finial Group. Houston-based NDP Interests, LLC, acquired the asset. JLL secured an acquisition loan with First Community Credit Union. The portfolio includes buildings at 9841 Windmill Park Lane, 20404 Whitewood Drive and 1114 Seaco Ave. The single-tenant buildings are fully leased to Global Drilling Support; Forge Systems and Intertek USA. JLL Capital Markets’Trent Agnew and Charles Strauss represented the seller. Michael Johnson of JLL Capital Markets Debt Advisory represented the borrower.
CYPRESS, Texas – iCode has leased 2,327 SF of office space in Cypress Village Station at TX 290 and Skinner Road, Cypress, from NewQuest Properties. Kevin Sims of NewQuest represented the landlord. Chad Littleton of Morrow Hill represented the tenant.
SABINE PASS, Texas – Lee & Associates – Houston represented DCP Sabine Holdings, LLC, in the lease of a 3,848 SF manufacturing building on 5.2 acres at 5500 South 1st Ave. in Sabine Pass. C.E. “Trey” Erwin III and Mike Spears of Lee & Associates – Houston represented the landlord.
CONROE, Texas – Ron Brown of MHW Brokerage Services represented the buyer, ICA Properties, in the purchase of 7.7 acres from the Stoecker Corporation. The tract is just north of Highway 105 East on North Loop 336 East in Conroe.
HOUSTON – Lane 8 Family Entertainment has leased 12,500 SF in the Hollister Pointe Shopping Center, located at 13147 Northwest Freeway. The landlord was represented by Wes Miller of Wulfe & Co
THE WOODLANDS, Texas — ClearWorth Capital acquired the Parc at Woodmoor, a 220-unit multifamily property in The Woodlands. ClearWorth Capital is a Texas-based multifamily owner and operator managed by Matthew Stone.
HOUSTON — Venterra Realty recently sold Bala Woods at Kingwood, a 261-unit apartment community in Kingwood.
SUGAR LAND – Eye Hub leased space in the new Riverstone Place, a development of Wulfe & Co., located at 18802 University Blvd. in Sugar Land. The tenant was represented by Chris Boyd of Xite Realty and the landlord was represented by Kristen Barker of Wulfe & Co.
LEWISVILLE, Texas — Colliers announced the lease of 8,650 SF in Fairway Business Park at 1501 Fairway Drive in Lewisville. The tenant, ARC Franchise Holdings DFW, was represented by Tommy Secules of Rubicon Representation. James Ewing of Colliers in Dallas and Tom Condon Jr. of Colliers in Houston/The Woodlands represented the landlord, GDT Interests.
AUSTIN— NAI Partners arranged a 4,577 SF office lease for International Accelerator at Canyon at Wild Basin, located at 115 S Wild Basin Road in Austin. NAI Partners’ Alex Taghi represented the tenant, International Accelerator, a venture capital company. The landlord, CapRidge Partners, was represented by JLL’s Colton McCasland.
SAN ANTONIO – Sente Mortgage leased 2,500 SF at 14701 San Pedro Ave. in San Antonio. NAI Partners’ Kyle Kennan represented the landlord, Grand Slam Holdings, Ltd.
DALLAS – Five months after its launch, Principal Investments has nearly doubled the size of its headquarters in Highland Park West, adding 4,545 SF of office space to keep pace with its growth. Jared Laake and Richard Collinsworth of Bradford Commercial Real Estate Services were involved in the transaction.
SAN ANTONIO – Lument arranged two Fannie Mae loans totaling $32 millionto refinance two multifamily communities in San Antonio: Auburn Creek, a 224-unit garden-style community for $17.5 million; and Fairways 5, a 205-unit garden-style community for $14.5 million. The owner is Lynd Company, owner of 15,000 units in 75 properties in Texas,. Lument’s Marc Suarez led the refi.
LAS VEGAS, Nev.— Cushman & Wakefield handled the sale of South Beach Apartments, a 2017-vintage, 220-unit apartment community Las Vegas. The buyer, Logan Capital Advisors, acquired the property for $97.5 million, or $443,180 per unit. Taylor Sims, Carl Sims and Brady Cleary with Cushman & Wakefield’s Multifamily Advisory Group in Las Vegas represented the seller, Griffin Capital.
CORAL GABLES, Fla. — Patrinely Group announced the start of construction on its capital expenditure projects at Columbus Center in Coral Gables. Located at 1 Alhambra Plaza, the project is a 263,000 SF office and retail complex. Together with USAA Real Estate, the building’s majority owner, Houston-based Patrinely Group, is remodeling the common areas by updating the front entrance and main lobby, among other renovation plans. Patrinely Group handles and oversees leasing of the property alongside the CBRE team of Maggie Kurtz, Kevin Gonzalez and Jake Freeman.
BALTIMORE, Md. – Transwestern Real Estate Services announced its Mid-Atlantic Multifamily Group has brokered the sale of two value-add communities in Glen Burnie, Md: Annabal Apartments, with 150 units at 7491 E. Furnace Road and Glen Burnie Town Apartments, with 55 units at 201 Crain Highway N. Promark Properties sold the assets to Gelfund Real Estate Opportunities for $40.2 million, or $197,059 per unit. Transwestern’s Dean Sigmon, Robin Williams, Justin Shay and Michael D’Amelio brokered the transaction.
MIAMI –Four retail properties owned by a Cuban-American-owned real estate investment firm were financed with loans secured by Eastern Union loan originator Andy Gamez, who is based in Las Vegas. “Mr. Gamez specializes in securing financing for Hispanic-American owners and investors,” the firm said in a news release.
March 5, 2022 Realty News Report Copyright 2022
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