RNR Real Estate Briefs from Realty News Report– TOMBALL, Texas – Colliers announced the sale of 3.9 acres (Lot 15) in Tomball Business and Technology Park, at 21240 and 21242 Spell Circle in Tomball. The buyer, an LLC of Nickson Industrial Warehouses, was represented by ACC Realty, LLC. Tom Condon, Jr. of Colliers in The Woodlandsrepresented the seller, Tomball Economic Development Corp. Jane Mathewswith Stewart Title in Tomball coordinated the closing. Nickson Industrial Warehouses plans to build two office warehouses totaling 47,458 SF.
HOUSTON – Cushman & Wakefield represented the seller of two industrial portfolios totaling 1,450,039 SF. They consist of the Northwest Houston Portfolio (eight buildings totaling 740,925 SF) and the 610 Loop Portfolio (five buildings totaling 709,114 SF). The portfolio is 97.4 percent leased. The Northwest Houston Portfolio is along the Highway 290 corridor. Cushman & Wakefield’s Jim Carpenter, Jud Clements, Robby Rieke, Taylor Starnes, Jim Foreman and Brooke Forrest represented the seller.
PASADENA, Texas – NAI Partners arranged a 295,134-SF industrial lease for Frederick Trucking at Bayport South Business Park, located at 10591 Red Bluff Road.NAI Partners’ Chris Harorepresented the tenant in the transaction. Richard Quarles, Mark Nicholas, and Jarret Venghausof JLL represented the landlord.
RICHMOND, Texas – Skechers USA leased 8,012 SF of retail space in the Grand at Aliana at West Grand Parkway S and West Airport Boulevard, Richmond, from NewQuest Properties. Josh Friedlander and David Meyers of NewQuest Properties represented the landlord. Chris Campion of CAC Realtyrepresented the tenant.
HOUSTON – NAI Partners arranged a 10,000 SF lease for Prescolaire Early Learning Academy at 9554 Louetta Road in Houston. NAI Partners’ Jason Gainesand Zach Leger represented the landlord, Cedar Knob Investments.
HOUSTON – Lightstone Capita lprovided a $14.75 million first mortgage to finance the acquisition and renovation of Villa Ana, a 176-unit apartment complex in Houston. The garden-style apartment property, built in 1979, is located at 10101 W. Sam Houston Parkway, in the Alief submarket, near the Southwest Freeway. The deal was brought to Lightstone Capital by Jim Richards, an Executive Vice President in CBRE’s Houston office. It was handled in Lightstone Capital’s Dallas office, which is led by Lance Wright.
HUMBLE, Texas – Feng Cha Boba Tea has leased 1,400 SF in the Atascocita Plaza Shopping Center, 6900 FM 1960 E in Humble. The shop currently has 25 locations nationwide — 15 in Texas. The landlord was represented by Kristen Barker of Wulfe & Co.
HOUSTON – NAI Partners arranged a 4,242 SF lease for DeNiel Foot and Ankle at 15003 FM 529 in Houston. The landlord, Signal Hearthstone, LLC, was represented by Zach Leger andJason Gaines of NAI Partners. Victor Lofinmakin represented the tenant.
KATY, Texas — Net Design and Remodel has leased 1,200 SF in the Mason Village Shopping Center at 21979 Katy Freeway in Katy. The company is a construction and remodeling firm offering interior design, home construction, lighting installations and other services. The landlord was represented by Wes Miller and Kristen Barker of Wulfe & Co.
HOUSTON – NAI Partners — the commercial real estate services business of Partners Real Estate Company — recently arranged the sale of a 22,000 SF crane served-office and manufacturing facility at 13720 FM 529 in Houston. NAI Partners’ Chris Caudill and Jake Wilkinson represented the seller, Beltway Coalition, LLC. Jake Gaffney of the Finial Group represented the buyer, Three Diamond Holdings.
HOUSTON — Gorjana, the Laguna Beach-founded jewelry brand, will open its first Houston store this spring at Montrose Collective. Gorjana selected a 1,375 SF space within the mixed-use development at 888 Westheimer.
WILLIS, Texas – Jersey Mike’s Subs has leased 1,564 SF in Willis Crossing, 9571 W FM 1097, Willis, from Edifice WT, LLC. Kevin Sims andNick Ramsey of NewQuest Properties represented the landlord.Lane Zieben and Lasater Miller of the Retail Connection represented the tenant.
AUSTIN, Texas – A fund controlled by New York-based DRA Advisors, LLC, and Dallas-based Pillar Commercial acquired 823 Congress, a recently renovated, 190,254 SF office and retail property at the southeast corner of Congress Avenue and 9th Street in downtown Austin. The property also includes a six-story parking garage at 900 Brazos St. Newmark’s Chris Murphy, Robert Hill, Gary Carr and Chase Tagen represented the seller. Newmark’s David Milestone, Brett Green and Josh Francis facilitated the financing.
DALLAS — JLL closed the sale of an eight-property, Class A, self-storage portfolio totaling 4,317 units across markets in Chicago, Raleigh, N.C., Fayetteville, N.C. and Dallas. The property was marketed on behalf of the seller, Harrison Street. Life Storage acquired the portfolio.
AUSTIN, Texas – NAI Partners—the commercial real estate services business of Partners Real Estate Company — recently arranged the sale of a 15,862 SF office building at 6414 River Place Blvd. in Austin. NAI Partners’ Connor Watson, Ryan McCullough and Tyler Jaynes represented the seller, BRHG Austin Property One, LP and procured the buyer, 6414 River Place Blvd. Austin, LLC.
MCKINNEY, Texas – Greystar Real Estate Partners, LLC, recently broke ground on the McKinney Airport Trade Center in McKinney. Located at FM 546/Harry McKillop Boulevard, the industrial campus is Greystar’s first industrial center in the Dallas/Fort Worth metroplex. Randy Wood of NAI Robert Lynn represented Greystar on the land purchase along with Bill and David Cox from Carey Cox Co.
FRISCO– Angela Chen of Henry S. Miller Brokerage, represented Earth and Roots CBD in a lease of retail space at 615 Main Street in Frisco. Michael Gresback and Maury Levy of Henry S. Miller, represented the landlord, Oakmont Land Six of Dallas.
SAN FRANCISCO, Calif. — The SHVO real estate development firm announced in March the renovation of the iconic Transamerica Pyramid Center in San Francisco by renowned architects Foster + Partners. The firm is now unveiling plans for Three Transamerica (545 Sansome). The historic building is an Art Deco structure originally designed for the California Ink Co. It was built in the 1930s.
PETERSBURG, Fla. — Greystar, a major investment, development and rental housing management firm, has announced that Tampa Bay area high-rise Ascent St. Pete celebrated its topping off on April 29. Rising higher than any other rental community in the Tampa Bay region, Ascent St. Pete provides residents with 360-degree views of Tampa Bay as well as the Gulf of Mexico. The podium-style high-rise will reach 36 stories with 357 units.
NASHVILLE – JLL’s Project and Development Services team has been selected to manage the design and construction of FirstBank’s new 52,000-SF headquarters at ONE22ONE, a Class-AA office building in Downtown Nashville. JLL Project Manager Jasmine Jarupat will oversee the project on behalf of FirstBank.
HOUSTON – Gulf Coast Commercial Group will begin site preparations next month for the first phase of Magnolia Village. The mixed-use project at FM 1488 and Spur 149 will span 60 acres. Primary phase one construction will encompass 36 acres and incorporate three retail buildings totaling 10,000 SF each on the hard corner – and just to the east, 12 single tenant pad buildings fronting FM 1488 – as well as 300 multifamily units on nearly 12 acres developed by Trammell Crow Residential.The entire retail portion of phase one is being designed by Houston-based Identity Architects and will offer a stylish, transitional exterior featuring brick and stone elements. Gulf Coast selected Court Richardson and Thomas Holdsworth of Houston-based Ironbridge Realty Partners to market the first to deliver multi-tenant retail and restaurant spaces fronting FM 1488 and Spur 149.Magnolia Village will be located directly across Spur 149 from Stratus Properties’ 120-acre Magnolia Place mixed-use development, where a new H-E-B is under construction.
April 30, 2022 Realty News Report Copyright 2022
File: RNR Real Estate Briefs
RNR Real Estate Briefs are published by Realty News Report
Photo: By Ralph Bivins Realty News Report Copyright 2022