RNR Real Estate Briefs – HOU, AUS, DAL, SAT – and more

RNR Real Estate Briefs from Realty News Report HOUSTON – NAI Partners arranged a 3,932 SF office lease for Senna Home Buyers at One Katy Plaza, 11111 Katy Freeway in Houston.  NAI Partners’ Pierce Beyer, Jon Silberman  and Ryan DeGennaro represented the tenant. The landlord was represented by Jack Russowith JLL.

HOUSTON – Shopping center developer Gulf Coast Commercial Group has relocated its Houston office to Town & Country Village. It leased 5,000 SF at 788 West Sam Houston Parkway North and has now completed interior renovations. Moody Rambin  represented Town & Country Village. Kara Williams of Houston-based MakrDESIGN created the interior design.

TOMBALL, – Little Gym leased 3,000 SF of retail space in Four Corners Shopping Center, 28469 Tomball Parkway, Tomball, from GrayHawkesdene, LP. Andrew Alvis of NewQuest Properties  represented the landlord. Jonathan Aron of Hunington Properties represented the tenant.

HOUSTON – Clearworth Capital acquired The Park at Woodmoor, a 220-unit Class B value-add multifamily project at 8787 Shenandoah Park Drive. Chip Nash and Bob Heard of Colliers represented the seller.

HOUSTON – NAI Partners’ Zane Carman  and Clay Pritchett represented Gulf Petro Services, LLC, which leased industrial space at 15160 Nautique Way. The tenant was represented by Joseph Sturek and Patrick McKiernan  with First Houston Properties.

HOUSTON — Tenant T DEEZ CAR & AUDIO, LLC, signed a 10-year lease for 18,700 SF of space at 6741 Satsuma Drive, Houston. Fritsche Anderson Realty partners Brandon Wuntch  and Dylan Coleman represented the landlord, Inwood Holdings, LLC.

MISSOURI CITY – Howdy Hot Chicken has leased space in Fort Bend Town Center II, at TX 6 and Fort Bend Tollway, from NewQuest Properties. Andrew Alvis and Bob Conwell of NewQuest Properties represented the landlord. Emily Durham and Megan Lahti  of Waterman Steele Real Estate Advisors represented the tenant.

HOUSTON — Civitas Capital Group of Dallas has acquired Stonebridge at City Park, a 240-unit apartment complex. It is Civitas’ first multifamily acquisition in 2022 and fourth acquisition in the Houston market in the past year, said Rootvik Patel of Civitas, who led the transaction with colleague Justin Temple

TEXAS — RNR Real Estate Briefs from Realty News Report

AUSTIN – The Barings investment management firm, along with its development partner, B&Z Development, has secured a full building lease at its new 124,000-SF, 701 Rio office building in downtown Austin. The technology-based tenant was not disclosed. The five-story building is at the northeast corner of Rio Grande and West 7th streets.Rachel Coulter, Travis Rogers and Kevin Kimbrough  with JLL represented Barings.

FRISCO, Texas– Dallas-based Caddis, a national healthcare real estate investment firm, announced plans to develop Frisco Medical Pavilion II, a 60,000 SF medical office building at 12950 Dallas Parkway in Frisco, just north of the new Texas Health Frisco hospital. Transwestern Real Estate Services has been tapped to provide agency leasing services. Construction is expected to be completed by summer 2023.

AUSTIN – Cadence McShane has broken ground on Sixth and Chicon, a multi-micro housing unit in Austin. The multifamily community will feature 60 micro-housing apartments, designed for those who travel and work in various cities or who work remotely. Sixth and Chicon is being constructed on behalf of Watershed Development Group and is being designed by Mark Odom Studio.

KERMIT, Texas – Stan Johnson Company completed the sale leaseback of a two-location portfolio occupied by Oryx Oilfield Services, located on Highway 11 in Kermit and on FM 81 in Goliad. Together, the transaction included 13 buildings with 118,000 SF. Stan Johnson’s John Rotunno represented the tenant, who executed a long-term lease at the time of sale. The buyer was Real Capital Solutions of Colorado.

DALLAS – BV Capital and its investors have funded Bridgeview Multifamily’s acquisition of development sites in Dallas/Fort Worth and the Texas Hill Country to build two multifamily projects totaling nearly 800 units. Bridgeview expects to break ground this year on both sites. More than 400 units will be developed on 7.8 acres in Mansfield, and 380 apartments are planned for a 17-acre tract in New Braunfels.

HUTCHINS, Texas – Random Properties Inc.  has acquired a 28,800 SF industrial project at 915 Finn Road in Hutchins from Texas Ginger, LLC. Richmond Collinsworth of Bradford Commercial Real Estate Services represented the seller. Gibson Terry of LanCarte Commercial Real Estate represented the buyer.

MELISSA, Texas — Marcus & Millichap handled the sale of a new self-storage development in Melissa, north of Dallas. It consists of 293 climate-controlled units and 166 non-climate-controlled units totaling 56,525 SF.

NATIONAL — RNR Real Estate Briefs from Realty News Report

GAITHERSBURG, Md. — Stonebridge has selected Transwestern to lease its first purpose-built lab development – Evolution Labs — a two-building, 250,000 SF project at 9713 Washingtonian Blvd. in Gaithersburg. The first 150,000 SF, six-story building will break ground this fall and be ready for tenant construction in winter 2024. Construction of the second 100,000 SF building is expected to start in 2024. The project is a joint venture of Stonebridge and Principal Real Estate Investors.

MESA, Ariz. Cushman & Wakefield has advised seller Bird Dog Industrial in the disposition sale of a brand new 330,496 SF, Class A light industrial park in Mesa. Commonly known as Power 202 Business Park, the multi-building project was constructed in mid-2021 and was 100 percent leased prior to completion. The buyer of the Southeast Valley property was GID Industrial.  Will Strong, Greer Oliver and Connor Nebeker-Hay of Cushman & Wakefield’s National Industrial Advisory Group—Mountain West team represented the seller. Ken McQueen and Chris McClurg of Lee & Associates  provided market advisory.

RENO, Nev. — JLL Income Property Trust bought the South Reno Medical Center, a more than 32,000 SF, newly developed medical office property in Reno. The purchase price was $14.6 million.

SACRAMENTO, Calif. — Cushman & Wakefield  represented D&S Development in the sale of a 75-unit, multifamily community on Q Street in Sacramento. Built in 2020, the Midtown asset consists of an 8-story building totaling 95,461 SF with ground floor retail space. The property, one of the tallest light wood-frame buildings in the U.S., was 99 percent occupied and sold for $57.1 million, or $761,333 per unit. The buyer was San Francisco-based Soma Capital. Jason Parr, Scott MacDonald, John Hansen, Michael Bissada and Sydney Ladrech  with Cushman & Wakefield’s Multifamily Advisory Group in Northern California  represented D&S Development.

March 20, 2022 Realty News Report Copyright 2022

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