RNR Real Estate Briefs from Realty News Report – HOUSTON – C-Bond Systems has renew a 8,385 SF leased space at 6023-6035 South Loop East. Ed A. Ayres with Houston Realty Advisors, Inc. represented the tenant. Garret Geaccone of Stream Realty represented the landlord, Agellan Commercial REIT U.S. L.P.
HOUSTON – Colliers announced the sale of a 4,828 SF building at 9191 North Loop East in Houston. The buyer, Ideal Plus Inc., was represented by Zhijun Li of R. Alexa Group. Jenny Seckinger and Ace Schlameus of Colliers represented the seller, Hass Holdings, in the transaction. The former banking center is situated on 3.319 acres and is located along the 610 North Loop services road, north of Interstate 10 on the east side of Houston.
HOUSTON — Transwestern Real Estate Services announced the acquisition of a 5,304 SF building at 16920 Park Row Blvd. Transwestern’s Evelyn R. Ward and Paula Musa represented the buyer, DRH & Associates, Inc. Houston MRI and Diagnostic Imaging will relocate their headquarters there from their previously leased location at 9990 Richmond Ave. Jason Herbrich and Anthony Fritsche of Fritsche Anderson Realty Partners represented the seller, Four T Management.
HOUSTON — Chase Tucker and John Buckley with Finial Group handled the expansion of a lease at 2401 Fountain View Drive in Houston. The tenant, CastleRock Communities, constructs single-family, detached homes in the Houston, San Antonio, Austin and Dallas areas.
HOUSTON—Lee & Associates –Houston announced new office leasing assignments. “We have been working toward these acquisitions for the past few years andare looking forward to collaborating with Accesso,” said Jill Nesloney, principal at the firm. The Lee & Associates–Houston Landlord Services team consists of Nesloney, Robert LaCoure, Chris Lewis and an associate, Bryce Adams. In May 2021: Ashford 5 -14701 St. Mary’s Lane, 195,213 SF; Ashford 6 -1155 Dairy Ashford, 186,257 SF and Ashford 7 -900 Threadneedle, 188,575 SF.
MANVEL, Texas – Marble Slab Creamery/Great American Cookie leased 1,500 SF in the Manvel Town Center located at the corner of SH-288 and Highway 6 in Manvel.. This location is part of the new cohesive brand that merges the Great American Cookie Company in to one location, in order for their customers to enjoy both ice cream, fresh baked cookies and cookie cakes. The landlord was represented by Kyle Knight of Weitzman Group and the Tenant was represented by Kristen Barker of Wulfe & Co.
SPRING, Texas — Dave’s Hot Chicken has leased a 2,995 SF building on a one-acre pad site in Spring Town Center, at the intersection of FM 2920 and Kuykendahl Road, Spring, from NewQuest Properties. Kevin Sims and Andrew Alvis of NewQuest Properties represented the landlord.Debbie Adams of Edge Realty Partners represented the tenant.
MANVEL, Texas — Shipley’s Do-Nuts has leased 2,486 SF of retail space in Shops at Sedona Lakes, at TX 288 and Bailey Avenue, Manvel, from NewQuest Properties. Kevin Sims and Nick Ramsey of NewQuest Properties represented the landlord. Larry Lankford and Ryan Lankford of Dunninghill Properties represented the tenant.
THE WOODLANDS – Pure Barre, which offers a low-impact, high-intensity total body workout, has leased space in the new 70,000-SF Creekside Park West center, at 26435 Kuykendahl Road, in The Woodlands. Kellie Forman is Senior Vice President – Leasing for the Howard Hughes Corp.
TEXAS — RNR Real Estate Briefs
ROUND ROCK, Texas – Partners Development broke ground on a Starbucks last year at Triangle Center in Round Rock, a 58,929 SF retail center owned by Houston-based Partners Capital. The firm then hired Ryan McCullough, Tyler Jaynes and Connor Watson of NAI Partners’ Investment Sales Division in Austin to sell the freestanding property.
AUSTIN – Stream Realty announced it helped secure a 27,000 SF lease for Ontic Technologies Inc.,an Austin-based technology startup, at 4009 Marathon Blvd. in Austin. Stream’s Connor Greissing represented Ontic.
McKINNEY, Texas — Newmark announced the sale of McKinney Corporate Center I, a 120,234 SF office asset located in McKinney. Newmark’s Gary Carr, Robert Hill, Chris Murphy, John Alvarado and Chase Tagen represented the seller. Located at 6800 Weiskopf Ave., McKinney Corporate Center, completed in 2014, is a three-story Class A office building.
FORT WORTH — American Landmark Apartments acquired the 325-unit Elan River District apartment community in Fort Worth. The complex will be renamed Mercantile River District. Based in Tampa, Fla., American Landmark specializes in the acquisition and management of value-add multifamily assets. Built in 2017, the community is at 4921 White Settlement Road.
CARROLLTON, Texas – Wrap Kreations LLC, leased 4,503 SF of flex space in Whitlock Business Center, 1325 Whitlock Lane, Carrollton, from Kennington Whitlock 2 LLC. Brian Pafford and Susan Singer of Bradford Commercial Real Estate Services represented the landlord.
DALLAS – Ellen’s Restaurant is expanding throughout the Dallas-Fort Worth area, with the newest location opening soon at Casa Linda Plaza Shopping Center, 1152 N. Buckner Blvd. in Dallas. Andy Anderson of Restaurant Properties Group represented Ellen’s and Bonnie Threadgill and Michael Hale of EDENS represented the landlord.
GRANBURY, Texas – Oncology-Hematology Consultants leased a 4,500 SF office building at 223 S. Morgan St., Granbury, from Cheyne Family Trust. Nick Talley of Bradford Commercial Real Estate Services represented the landlord.
NATIONAL – RNR Real Estate Briefs
EL SEGUNDO, Calif. — Haven Realty Capital has added three new dedicated rental communities to its institutional single-family rental and build-to-rent portfolio with the acquisition of housing developments under construction in Atlanta and Charlotte. The transactions total $80 million. Since October 2020, Haven has invested some $500 million to acquire 17 communities in Georgia, the Carolinas, Arizona and Illinois, consisting of more than 1,500 homes.
HENDERSON, Nev. — Dalfen Industrial announced the purchase of an additional industrial property in Henderson – a suburb of Las Vegas. The 40,817 SF property is at 1080 Mary Crest Road, down the street from 1051 Mary Crest, which was acquired in May. With this asset, Dallas-based Dalfen Industrial owns and operates more than 1.1 million SF in the Las Vegas and Reno markets.
SEATTLE, Wash. – Shorenstein Properties acquired 2601 Elliott, a six-story, 345,000 SF, Class A office building within the Seattle Waterfront district that’s 90% leased to Zulily, LLC. 2601 Elliott was originally built between 1917 and 1925 as a warehouse and manufacturing facility for the American Can Corp., and in 1976, the building was renovated and converted to an apparel mart. An extensive renovation in 1998 converted the building to Class A office space.
NEW YORK, N.Y. —Island Capital Group has acquired the Lexington Hotel, a 725-room hotel at Lexington Avenue and East 48th Street in Midtown Manhattan, in a joint venture with MCR Investors, LLC, and Three Wall Capital, LLC, for a purchase price of $185 million. The Lexington Hotel is a historic asset that opened in 1929.
ATLANTA – Hunter Hotel Advisors announced four hotels (Marriott and Hilton). The sellers were 2 RevPAR Companies and Vision Hospitality Group. The portfolio includes the AC Duke University/Durham NC and three Atlanta assets including the Element Buckhead, SpringHill Suites Centennial Park, and the Tru Galleria/Ballpark.
July 31, 2021 Realty News Report Copyright 2021
Image: Galleria area of Houston 2021. By Ralph Bivins, Copyright 2021.Realty News Report – RNR Real Estate Briefs
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