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

RNR Real Estate Briefs from Realty News Report  HOUSTON — NAI Partners — the real estate services arm of Partners Real Estate Company — arranged a 19,968 SF office lease for Key Energy Services at 1500 Citywest Blvd. in Houston. NAI Partners’ Dan Boyles represented the tenant while Scott Fikes  and Jack Russo of JLL   represented the landlord, BSD TX 1500 Citywest, LLC.

WEBSTER – TRC Capital Partners  acquired the Galaxy II office building located near NASA’s Johnson Space Center. The seller, Houston-MDL was represented by Marty Hogan and Rick Goings. Financing efforts were led by JLL Capital Markets’ James Brolan. Galaxy II, 455 East Medical Center Blvd, is a 106,000-SF property fully leased to tenants including United Fire Group, IBI Group and APNetwork.

HOUSTON – ASD Lighting Corporation leased 96,140 SF of industrial warehouse space from Prologis on property at 15655 Milner Road in Houston. CBRE’s Nathan Wynne, Patrick Rollins and Faron Wiley  represented the landlord.

HOUSTON – TRC Environmental Corporation leased 18,500 SF of office space at 14701 St. Mary’s Lane in Houston from CH2M HILL, INC. CBRE’s Kevin Saxe, Megan Mazzipica and Kristin Dragon Lowe  represented the tenant.

TEXAS CITY — Oldham Goodwin Group, a Texas Triangle commercial real estate firm, has opened The Huntington at Lago Mar, a new, 148-unit affordable apartment community for seniors aged 55+ located at 13330 Holland Road in Texas City. “We are proud to manage a first-class senior asset that will offer high quality living for seniors in Texas City,” said Hunter Goodwin, President of Oldham Goodwin.

HOUSTON – Transwestern Real Estate Services’Nick Peterson and John Ferruzzo have brokered three back-to-back transactions, totaling 198,663 SF, within a 10-day period. 15800 Export Plaza, located in World Houston Business Park, a Class A manufacturing building at 11940 Brittmoore Park Drive, and a tilt wall office/warehouse facility at 7211 Gessner were sold to undisclosed buyers. Peterson  and  Ferruzzo represented the sellers in all three transactions.

HOUSTON – Chicago-based State of Play, the exclusive operating partner for Flight Club in North America, leases  8,500 square feet at GID Development Group’s Regent Square, a urban infill development Allen Parkway corridor on the south side of Buffalo Bayou. Flight Club, is a British import bar and restaurant concept which has revolutionized the traditional game of darts.

CYPRESS, Texas – Sub sandwich chain Jersey Mike’s leased 1,200 SF in the H-E-B Cypress Market Shopping Center at 24224 Northwest Freeway, Cypress. The tenant was represented by Lasater Miller and Lane Zieben of The Retail Connection and the landlord was represented by Kristen Barker of  Wulfe & Co.

HOUSTON – Prestige Healthcare Associates has leased its sixth location in Metro Houston, a 4,346 SF space at 4615 Southwest Freeway in Houston. The landlord is EP Office Holdings, LP. Prestige Healthcare offers pain management, chiropractic and rehabilitation services. John Hornbuckle of Cypressbrook Company represented the landlord and Melissa Gerber Brams  of Gerber Realty represented the tenant.

TEXAS – RNR Real Estate Briefs

AUSTIN – Gordon Rees Scully Mansukhani LLP, an AmLaw 100 firm, signed a lease for 4,901 SF at Barton Oaks Plaza, a five-story office building at 901 S. Mopac Expressway in Austin.  CBRE’s John Gump represented the tenant, a law firm.

DALLAS – Square Mile Capital  Management LLC has recast a loan secured by Amelia at Farmers Market, a recently stabilized 297-unit multifamily asset located near Deep Ellum in Dallas The loan was made to a joint venture between Kairoi Residential Development and its equity partner, Cadre, refinancing the existing debt that also included New York-based Square Mile Capital as a lender. Square Mile’s Tom Burns said, “Amelia at Farmers Market is a high-quality multifamily asset that has leased extraordinarily well throughout so much market uncertainty during the past 16 months.”  The 5-story project is 93 percent leased.

SAN ANTONIO – Real estate developer Worth & Associates has signed a lease with tenant, Zachry Construction & Materials to move its headquarters to Walker Ranch Business Park, Worth’s 150,000 SF office park at 14410 Wurzbach Parkway in San Antonio’s north-central submarket. The new headquarters will occupy 55,718 SF in Walker Ranch Business Park Building II, a 93,000 SF, Class A, flex office building.

FORT WORTH –   Newmark announced the sale of two active adult communities in Texas,  Attiva Denton and Attiva Park, located at 2801 Spencer Road in Denton and 3850 Silverton Circle in Fort Worth, respectively. The properties total 402 units – Attiva Denton’s 240 and Attiva Park’s 162. Newmark’s Ryan Maconachy and Chad Lavender  represented the seller, Cortland.

HALTOM CITY, Texas – Dan Spika  and Scott Axelrod with the industrial division of Henry S. Miller Brokerage represented L & W Supply Corporation in the lease of 36,616 SF of warehouse and office space on 2.03 acres at 1704 Cyprus Street in Haltom City. The landlord is Key Partners, Ltd. of Fort Worth.

DALLAS – Newmark announced the sale of Granite Tower, a recently renovated, 241,378 SF office asset with a high-visibility location along the LBJ Freeway corridor in Dallas. Newmark’s Gary Carr, Robert Hill, Chris Murphy, John Alvarado  and Chase Tagen represented the seller. Located at 4055 Valley View Lane, the facility is a 10-story, Class A office tower.

CARROLLTON, Texas – Network Wireless Solutions, LLC, has leased a 129,511 SF industrial flex building at 2040 McKenzie Drive, Carrollton, from Link Industrial Properties. Joe Santaularia of Bradford Commercial Real Estate Services represented the tenant. Sarah Ozanne  and Mac Hall of Stream Realty Partners represented the landlord.

ADDISON, Texas – Love and Found, LLC, has leased 4,218 SF of industrial flex space in Parkway Business Center, 4951 Airport Parkway in Addison, from Kennington Parkway, Ltd. Brian Pafford, Elizabeth Hooper and Susan Singer of Bradford Commercial Real Estate Services represented the landlord. Garrett Goldstein  and Christopher Kelly of Rich Young Co. represented the tenant.

DALLAS – Dream 84 Inc. has acquired three acres at 320 Pinnacle Drive in Dallas from True Growth Investments, LLC.Noah Dodge and Jason Finch of Bradford Commercial Real Estate Services represented the seller.

SAN ANTONIO – San Antonio Housing Trust, an affiliate of Atlantic Pacific Communities and East Side Pinnacle Group, in conjunction with the George Gervin Youth Center, Wells Fargo, the city of San Antonio, and Bexar County, marked the groundbreaking for Villas at Echo East, a multifamily residential development offering 192 affordable apartments on San Antonio’s Eastside. The development will sit on seven acres on Spriggsdale Boulevard near Martin Luther King Drive.

AUSTIN – Hertz Investment Group acquired a multi-family, three-property portfolio in Austin. The 422-unit deal represents Hertz’ only residential asset among the 59 properties it owns. The portfolio includes the 132-unit Amor, the 130-unit Feliz and the 160-unit Vida in Northwest Austin.

IRVING, Texas – San Diego-based Parallel Capital Partners received a $95 million loan from Bank of America for the refinancing of Urban Towers, an 850,000 SF office complex in Irving. It is comprised of two office towers on 11.2 acres at 222 W. Colinas Blvd.  David Milestone of Newmark Knight Frank arranged financing for a five-year term. Urban Towers is 82% leased with tenants including The Pasha Group, Celanese, MultiPlan, Inc. and Hyundai Merchant Marine.

NATIONAL – RNR Real Estate Briefs

TULSA, Okla. — Cushman & Wakefield’s Project Development and Services practice has been retained to provide development management services for the $250 million renovation and expansion of the Saint Francis Hospital South campus in Tulsa. April Desabrais and Brad Blankenship of Cushman & Wakefield will oversee the 51,000 SF renovation of imaging spaces and four operating rooms and a 232,600 SF expansion which includes the addition of four operating rooms, and a new six-story tower with 124 patient rooms.

CHICAGO  — Peak Realty Chicago  announced the sale of 1015 W. Webster in Chicago. The three-unit, mixed-use building topped by a penthouse suite sold for $2.5 million to a private investor.

ANTIOCH, Tenn. — Madison Capital Group, LLC, has purchased 14 acres in the Nashville suburb of Antioch, in the Century Farms master planned development.  A 266-unit apartment project called Madison Century Farms will be built there.

MIAMI BEACH, Fla. –  The 97-room Circa 39 hotel in Miami Beach has been acquired by AMS Hospitality and Black Salmon.The buyer’s broker was APEX Capital Realty. Samuel Heskiel and Marilina Apfelbaum from Beachfront Realty’s Commercial Division represented the seller, Thirtynine Collins LLC. The hotel, 3900 Collins Avenue, tis near the Faena District and the Fontainebleau Hotel.

June 26, 2021 Realty News Report Copyright 2021.

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    

Photo Credit: Ralph Bivins, Realty News Report Copyright 2021. View from The Ion, Houston

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