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RNR Real Estate Briefs — HOU, AUS, DAL, SAT, MIA

(RNR Real Estate Briefs) – NAI Partners recently arranged a 17,210 SF office/flex lease renewal for Aegis Chemical Solutions, LLC’s, corporate office at 4560 Kendrick Plaza Drive in Houston. NAI Partners’ Jason Whittington represented the tenant in the transaction. Logan Greer of InSite Realty Partners represented the landlord, EastGroup Properties.


Welcome Group, whose portfolio includes single-tenant commercial, distribution, lab, and manufacturing properties, is actively seeking more development, purchase and sale-leaseback opportunities. The aim is to achieve the next goal of owning more than 6 million SF of industrial real estate space by the end of 2021.


Benchmark Engineering renewed its lease in an 8,751 SF office space at 2401 Fountain View Drive in Houston.  John Buckley  and Chase Tucker of FinialGroup represented the landlord.


Ranger Energy leased an 8,763 SF office at 10350 Richmond Ave. in Houston. NAI Partners’John Zivley represented Ranger Energy Services in the transaction. Stream Realty’s Ryan Barbles and Brad Fricks represented the landlord, FSP Westchase, LLC.


Blackstone Builder renewed its lease at 2401 Fountain View Drive in Houston, Texas. FinialGroup represented the landlord.


Lumin Lash leased retail space in Riverstone Plaza, 4821 LJ Parkway, Sugar Land, from Riverstone Plaza LLC. Andrew Alvis and Bob Conwell of NewQuest Properties represented the landlord.


Domino’s Pizza leased retail space in the Shops at Katy Reserve, located at FM 1463 and Spring Green Boulevard, Katy, from NewQuest Properties.  J.J. McDermott and Kevin Sims of NewQuest Properties represented the landlord. Robert Hantgan of Colliers International represented the tenant.


WSP USA Buildings Inc. obtained an extension and expansion of its 17,507 SF office lease at Esperson Buildings, 808 Travis St. Philip Giunta, Derek Myers and Philip Price of NKF represented the tenant. Representatives from Cameron Interests, LP, worked on behalf of the landlord, Cameron, Esperson Owner, LP.


Amber Gray Counseling leased office space at 4545 Post Oak Place Drive. Jay Magness, Joshua Brown, Kaitlyn Johnson, Reggie Beavan III, Andy Iversen, Chris Mason, John Beach, John Luck and Trace Elrod of NKF represented the tenant. Representatives from MRIO Inc. worked for the landlord, 4545 Investment Associates, LLC.


SUGAR LAND – JLL handled the sale of a 3,354-SF, single-tenant retail building ground-leased to Chick-fil-A in Sugar Land.  JLL represented the seller, North American Development Group. Coral Cables, Fla.-based Riverstone Capital Group purchased the asset.

TEXAS

PLEASANTON, Texas –NAI  Partners arranged a 14,600 SF industrial lease for Sterling Crane at 756 Eagle Ford Drive in Pleasanton, Texas. NAI Partners’ Carlos Marquez, Brett Lum and Colten Courtney represented the tenant.


SAN ANTONIO, Texas — Shawn Ackerman, of the Henry S. Miller Brokerage in Houston, represented the landlord, Fallas Borrower IV, LLC, in a lease with Cano Health for a 14,938 SF medical office space at Buena Vista Plaza, 100 South Zarzamora St., San Antonio.  Aamil Safani with Cushman & Wakefield represented the tenant.


The Kebab Shop leased 2,613 SF of retail space in Stone Hill Town Center at 18616 Limestone Commercial Drive, Pflugerville, Texas, from NewQuest Properties.  Josh Friedlander and Kevin Sims  of NewQuest Properties represented the landlord. Greg Stanislawski of Retail Strategy represented the tenant.


Salient Systems Corporation obtained an industrial expansion lease for 7,416 SF at NorthTech Business Center 1, 4646 W. Howard Lane, Austin, Texas. Jesse Weber of NKF represented the tenant while Stream Realty Partners  represented the landlord, RAR2-North Tech TX LP.


Newline Interactive, Inc. obtained a new, 40,160 office lease and the expansion of an 8,000 SF office lease at 2930 Telecom Parkway in Richardson, Texas. Frank Puskarich and Louis Pascuzzi of Newmark Knight Frank represented the tenant in both transactions. Representatives from Stream Realty Partners worked for the landlord, Jackson-Shaw/GID PARC Northeast Limited Partnership. Holt Lunsford Commercial represented the landlord in the other.

NATIONAL

PANAMA CITY, Fla. — St. Joe Company  announces plans for a new 240-unit apartment community in Panama City. This project will be St. Joe’s fourth complex of rental units in Northwest Florida since 2018 for a total of 1,177 units, joining existing and under-construction apartment communities in Bay and Walton counties.

MIAMI – JLL Capital Markets has been engaged on behalf of a CMBS special servicer to market the sale of a $65 million non-performing loan secured by the first mortgage on Southland Mall Miami, a 988,025-SF indoor shopping center located in the South Florida community of Cutler Bay.

Dallas Sublease Notes:

Cushman & Wakefield has arranged three leases totaling 131,076 SF at Legacy Union One, a Class A office tower located in Dallas.

The transactions, which encompass five floors, include:

  • Denbury Inc. signed a 104,841-SF lease for its new headquarters, and plans to relocate approximately 300 employees into the new space. Mike Wyatt, Travis Boothe and Maureen Kelly Cooper of Cushman & Wakefield represented Denbury, Inc. Denbury has subleased three floors from Prosperity Bank and one floor from Aimbridge Hospitality.
  • Prosperity Bank subleased 78,705 SF to Denbury Inc. and will be relocating to 26,253 SF previously occupied by Aimbridge Hositality. Robbie Baty and Bill McClung of Cushman & Wakefield represented Prosperity Bank.
  • Aimbridge Hospitalty subleased 52,371 SF to Prosperity Bank and Denbury Inc. Kristi Waddell with Cawley Partners represented the tenant. Prosperity will be relocating to their new headquarters Q2 2021.

Oct. 10, 2020 Realty News Report Copyright 2020


File” RNR Real Estate Briefs


 

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