RNR Real Estate Briefs from Realty News Report HOUSTON — NAI Partners arranged a 3,750 SF office lease for the North American Energy Standards Board at 1415 Louisiana St. in downtown Houston. NAI Partners’ Trey Martin represented the tenant. Vince Strake and Connor Saxe with Cushman Wakefield represented the landlord, 1415 Louisiana, Inc.
MISSOURI CITY, Texas — Olive Garden has leased 7,932 SF of retail space in Fort Bend Town Center II from New Quest Properties, with Andrew Alvis and Bob Conwell of NewQuest negotiating. Grant Walker and Brad Kilbride of Lee & Associates – Houston represented the tenant.
HOUSTON — Simple Solar, LLC, leased a 3,789 SF office space at 1001 S Dairy Ashford in Houston. The firm is a California-based energy company specializing in making the solar installation process easy for customers to obtain. Kacie Skeen with Hartman Income REIT represented the landlord and Ashley Casterlin of Davis Commercial represented the tenant.
HOUSTON — NAI Partners’ Travis Land and A.J. Williams arranged the sale of a 19,758 SF warehouse building on 1.6 acres at 6505 Dixie Drive in Houston.
HOUSTON — Capital Square bought a Class A, 304-unit multifamily community at 3623 W Alabama St., Houston. The community, developed by Wood Partners was acquired on behalf of CS1031 Houston Apartments, DST, a Delaware statutory trust offering for Section 1031 exchange and other cash investors.
MISSOURI CITY, Texas – Ross Dress for Less leased 22,106 SF in Fort Bend Town Center II near Texas 6 and Fort Bend Tollway fromNewQuest Properties. Andrew Alvis and Bob Conwell of NewQuest Properties represented the landlord. Matt Reed of SHOP Co. represented the tenant.
HOUSTON– NAI Partners arranged a 16,603 SF industrial lease with Accelerated Solutions Group, LLC, at 1133 East Airtex in Houston. NAI Partners’ Darren O’Conor represented the landlord, Angel Two.
SPRING, Texas — Marble Slab Creamery/Great American Cookie leased 2,000 SF in the Shops at Cypresswood, 19507 I-45 North in Spring. The landlord was represented by Sarah Thobae of Weitzman and the tenant was represented by Kristen Barker of Wulfe & Co.
HOUSTON — SVN | J. Beard Real Estate – Greater Houston recently completed the lease of a 4,408 SF office space in Willowbrook Place I, 17314 State Highway 249 in Houston. Willowbrook Place I is a three-story, 49,599 SF Class B office building. Diana Gaines of SVN | J. Beard Real Estate- Greater Houston represented the landlord. Lonna Jenks with JLL represented the tenant.
HOUSTON — Xfinity leased 2,300 SF in the Easton Commons Shopping Center at 8542 Highway 6 N in Houston. The tenant and landlord were represented by Bunny McLeod and Katherine Wildman of Wulfe & Co.
DALLAS – The Newmarkreal estate firm has leased 46,338 SF for its new offices in Dallas. Newmark will be located in the newly built 25-story trophy office tower, The Link at Uptown. It consolidates three Newmark offices. (See full story below. Building Image: Kaizen Development Partners.)
DALLAS – HPI Real Estate Services & Investments announced that Grant Thornton, LLP, an audit tax and advisory firm, will move its Dallas office to Ross Tower at 500 N. Akard St. Beginning in 2023, the firm will lease a full floor (24,600 SF) in the 45-story luxury office high-rise in the Dallas Arts District. Travis Boothe and Robbie Baty of Cushman & Wakefield represented Grant Thornton in lease negotiations. The landlord was represented by HPI’s Hunter Lee, Ben Cuzen and Luke Aviles.
McALLEN, Texas – NAI Partners arranged two 40,050 SF industrial leases for Killam Development at Sharyland Business Park, 5001 W Military Highway in McAllen with TCA Logistics, LLC, and Buckeye Corrugated. NAI Partners’ Carlos Marquez represented the landlord, Big Sky Commercial Property Investments, LLC. Both tenants were represented by Carlos Telles with CBRE.
FORT WORTH – Wynright Corp. has leased 14,685 SF of office/warehouse space in River Park Business Center, 15600 Trinity Blvd., Fort Worth, from SCG River Park Business Center, LP. Michael W. Spain of Bradford Commercial Real Estate Services represented the landlord. Corby Hodgkiss of the Mercer Co.represented the tenant.
LITTLE ELM, Texas – Andy Anderson, Principal at Restaurant Properties Group represented Jasper Cohen LE, LLC, dba The Angry Elephant Bar & Grill in the 10-year lease of a 4,000-SF restaurant space in Little Elm. Hunter McElhaney of DuWest Realty of represented the landlord, GCRE and LCAR Main Marketplace.
AUSTIN – The Sofia Apartments, a 210-unit value-add multifamily property in Austin was acquired by New York-based investment firm RockFarmer Properties. The seller Dallas-based Lion Real Estate Group and Los Angeles-based Marble Partners Management was represented by Newmark’s Jim Young and Chase Easley. Newmark’s Matt Greer and Andrew Wilson arranged financing from lender Bridge Investment Group.
MESA, Ariz. – Cushman & Wakefield brokered the sale of Fiesta Square, a multi-tenant, creative-style office complex in Mesa. Comprising a pair of two-story buildings, the complex totals 34,974 SF and is fully leased. Scriba Waldron Capital of Newport Beach, Calif., acquired the property for $7.25 million or $208 per SF. Cushman & Wakefield’s Eric Wichterman and Mike Coover represented both the buyer and seller.
SACRAMENTO, Calif. — Clear Capital, a multifamily firm based in Irvine, Calif., bought a 250-unit, multifamily complex in Sacramento. The asset will be rebranded from Solara Apartments to Aspire Arden and undergo significant value-add improvements to the units’ interiors. Aspire Arden is Clear Capital’s 12th property in California.
BOULDER, Colo.– Cushman & Wakefield has represented Cantamar Apartments Associates, LLC, in the acquisition of a new, 126-unit Class A apartment community in Longmont (Boulder) for $50 million. The seller was an entity formed by DHI Communities Inc., which completed the development of the property in 2022. Cantamar has since renamed the community Alpine Prairie Village.David Fogler and Steven Nicoluzakis with Cushman & Wakefield’s Multifamily Advisory Group represented the buyer.
NASHVILLE, Tenn. — Griffin Partners sold its Park 109, a newly completed industrial development in Nashville. Park 109 is a 375,000 SF, Class A, four-building industrial park on 32.8 acres in Wilson County, Tenn. Founded in 1980 by Fred Griffin and headquartered in Houston, the firm owns and operates properties throughout Texas, Colorado, Arizona, Utah, Tennessee, and North Carolina.
Hines Wins Sustainability Award
HOUSTON –Hines, the international real estate firm, has received the 2022 Energy Star Partner of the Year Sustained Excellence Award from the U.S. Environmental Protection Agency and the U.S. Department of Energy. This is the 18th time Hines has been recognized and the 15th time Hines has received the Sustained Excellence Award.
“We strive to be leaders in sustainability and continue to prioritize the tremendous importance it has on our communities,” said Jeff Hines, chairman and co-chief executive officer. “We’re honored that our efforts have once again been recognized by the EPA and DOE and we’re proud to be on the leading edge of the green-building and well-building movements. We will continue to set a high bar for ESG policies and practices across our industry.”
Hines’ portfolio of Energy Star buildings consists of 206 facilities and more than 84 million SF. With an average performance rating of 79.6, the portfolio is 38.1 percent more energy efficient than the national average, according to the Energy Star portfolio manager.
“We know it’s going to take all of us working together to tackle the climate crisis, and the 2022 Energy Star award-winning partners are demonstrating what it takes to build a more sustainable future,” said EPA Administrator Michael S. Regan. “These companies are showing once again that taking action in support of a clean energy economy can be good not only for the environment, but also for business and customers.”
Each year, the Energy Star program honors a group of businesses and organizations that have made outstanding contributions to protecting the environment through superior energy achievements. Energy Star award winners lead their industries in the production, sale and adoption of energy-efficient products, homes, buildings, services and strategies.
Winners are selected from thousands of Energy Star partners.
Newmark Moving Offices Into Dallas Tower
DALLAS – The Newmark real estate firm has leased 46,338 SF for its new offices in Dallas. Newmark will be located in the newly built 25-story trophy office tower, The Link at Uptown. It consolidates three Newmark offices.
“Our goal was to bring together Newmark’s talented DFW area professionals under one roof in a compelling and cutting-edge space—a workplace that evokes culture, energy and collaboration and simply is better than working from home,” said Newmark Executive Vice President and Texas Market Leader Ran Holman.
Executive Managing Director John Wolfrepresented Newmark in the lease and Sarah Kennington and Bryce Jackson at Thirty-Four Commercial and Blake Shipley at JLL represented landlord and developer, Kaizen Development Partners.
“Newmark will be among the first tenants move into The Link—one of the most anticipated properties in the Uptown area,” said Wolf. “With its brand-new construction and upscale amenity package, the new office will be a significant upgrade, providing our professionals and clients, alike, space to collaborate and connect.”
Located at 2601 Olive Street in the heart of Uptown Dallas, The Link is highly walkable, providing tenants with ample entertainment and retail options within a five-block radius. Also just blocks from U.S. Highway 75, I-35 and the Dallas North Tollway, The Link is conveniently accessible from all directions. The Link offers tenants access to ground-floor restaurants, overnight executive suites and a full amenity floor with outdoor terrace offering city views.
“The inclusion of Newmark at The Link at Uptown signals their continued commitment to excellence not just in the tremendous service they provide, but also in the built environment. It’s a privilege to be a small part of their huge vision,” said Derrick Evers, Co-Founder and CEO of Kaizen Development Partners.
Newmark’s space at The Link will be a consolidation of the firm’s formerly Chateau Plaza (2515 McKinney Avenue), Park Central 8 (12770 Merit Drive) and Parkway Plaza II (14114 North Dallas Parkway) offices. Newmark maintains its strategic office location in Legacy Business Park.
May 14, 2022 Realty News Report Copyright 2022
File: RNR Real Estate Briefs
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Feature image: Courtesy Kaizen Development Partners. The Link at Uptown Dallas where Newmark offices will be located.