RNR Real Estate Briefs – HOU, DAL, ATL, NYC

HOUSTON – (Realty News Report) –  Lee & Associates – Houston represented 2978 Industrial Properties, LLC in the sale of 14.9 acres of land on South Persimmon Street in Tomball. Mike Spears, SIOR, CCIM and Patrick Wolford, SIOR, CCIM of Lee & Associates – Houston represented the seller, and Welcome Wilson, Jr. with Welcome Group represented the buyer Welcome Land Development, LLC.

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NAI Partners recently arranged a 10,656-sq.-ft. industrial sale for TNT Equipment Company at 6921 Homestead Rd in Houston. NAI Partners’ Zane Carman and Clay Pritchett represented the buyer in the transaction. Moody Rambin’s Zack Taylor and Lawton Anderson represented the seller. TNT Equipment Company, headquartered in Columbus, Ohio, is a national provider of scaffolding and related construction rental equipment.

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Latitude 17 Holdings, LLC. has purchased a 25,146-sq.-ft. freestanding tilt-wall construction industrial office/warehouse building on an acre at 7311 Galveston Road in the southeast submarket of Houston. Clay Pritchett and Zane Carman, of NAI Partners represented Latitude 17 Holdings, LLC. on the transaction while Hache Annamuhammedov and Andy Yaltir of Vita Realty represented Yilteks Warehouse, LLC., the seller.

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Jacob White Construction announced that the firm plans to install  LuminOre CopperTouch antimicrobial touch surface coatings in high-contact areas of four medical office buildings in the Houston area. The buildings include:

• 4460 Bissonnet, Bellaire — Bissonnet Medical Plaza

• 215 Kingwood Executive Dr., Kingwood  – Kingwood Medical Plaza

• 23510 Kingsland, Katy –  Katy Medical Plaza I

• 23530 Kingsland, Katy – Katy Medical Plaza II

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Tantrums, LLC renewed their lease for a 1,848 SF industrial warehouse space at 1730 Elmview Drive in Houston.. Jason Gibbons of Finial Group represented the tenant.. Stacy Shotwell with RFallin Series, LLC represented the landlord.

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TEXAS

Five recent deals by Stream Realty Partners:

• Image Micro Spare Parts leased 42,415 sf at Luna Distribution Center, 2100 Luna Rd., in Carrollton. Eric Crutchfield and Mac Hall with Stream Realty Partners represented the tenant.

• ComSovereign leased 15,289 sf at 5000 Quorum Drive in Dallas. Ryan Evanich, Chase Lopez, and Brandon Terrell represented the landlord, G&I VIII 5000 Quorum L.P. ICB Properties represented the tenant.

• Inovar Packaging Group, LLC renewed its 23,487 sf lease at Northgate II, 10470-10490 Miller Rd. in Dallas. Matt Dornak and Adam Jones with Stream Realty Partners represented the landlord, Agellan Commercial REIT.

• Fulfillment by Eagle, LLC leased 18,898 sf at Jetstar Service Center, 8181 Jetstar Dr., in Irving. Transwestern represented the landlord, Denver Third Creek, LLC. Ryan Boozer and Mac Hall with Stream Realty Partners represented the tenant.

• Printed Threads leased 21,000 SF at 210 South Fwy in Fort Worth. Forrest Cook and Jeff Rein with Stream Realty Partners represented the landlord, a local Fort Worth investor. Stream’s Brett Carlton represented the tenant, Print Threads.

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CARROLLTON – Valwood Crossroads, a new, Class A, state-of-the-art, fully leased, two-building industrial park totaling 618,052 square feet in the Dallas-Fort Worth community of Carrollton, Texas.  JLL represented the seller, Core5 Industrial Partners, which developed the property in 2019.  Denver-based Black Creek Group purchased the asset. The JLL Capital Markets team representing the developer was led by Director Stephen Bailey and Managing Director Dustin Volz.

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DALLAS  – JLL Capital Markets announced  that it has arranged construction financing for District 114, a four-story, mixed-use office building with ground floor retail totaling 94,990 square feet in Southlake, Texas.

Working on behalf of the borrower, Medici Development Partners, LLC, JLL placed the five-year, floating-rate construction loan with Happy State Bank & Trust. The JLL Capital Markets team representing the borrower was led by Senior Director De’On Collins and Managing Director Steve Heldenfels.

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ELSEWHERE

(ATLANTA) – Hines, the international real estate firm, and Invesco Real Estate, a global real estate investment manager, today announce that Microsoft Corporation will occupy 523,000 square feet – the entirety of the two-building Atlantic Yards office development

The Hines-Invesco Real Estate partnership worked alongside the Georgia Department of Economic Development, Metro Atlanta Chamber, Invest Atlanta, Fulton County Development Authority and Georgia Power to secure the deal

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PLANT CITY, Fla.,  – Marcus & Millichap  , announced the Walden Landing, a 44-unit apartment property located in Plant City, Fla. sold for $3,425,000.

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NAPLES, FL –  Lee & Associates, the largest broker-owned commercial real estate firm in North America, announces the opening of a Naples, Florida location. The office will specialize in multifamily retail, office, and industrial brokerage.

Lee & Associates Naples will be led by Bill Young, Biagio Bernardo, and Brock Rasmussen. Their team consists of seven brokerage professionals, including Jeffrey Buckler, SIOR; Michael Mahan; Thomas Webb, CCIM, MSRE; and James Walls. In addition to their transactional agents, the team will also include Claire Searls as the Director of Research and Elli Shufflebarger as a Transaction Coordinator.

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NEW YORK — Naftali Group acquired property on Williamsburg waterfront in Brooklyn, NY.  at 470 Kent Ave. Naftali Group LLC, is a  privately held, global real estate development and investment firm run by CEO and Chairman Miki Naftali, acquired the property.

The development opportunity at 470 Kent Ave. comprises a 94,500-square-foot lot between Division Avenue and South 11th Street on the waterfront overlooking the East River. The JLL Capital Markets team representing the seller includes Vice Chairmen Brendan Maddigan and Stephen Palmese and Managing Directors Ethan Stanton, Winfield Clifford and Michael Mazzara, along with Senior Managing Director Robert Burton with Cushman & Wakefield Inc.

May 29, 2020 Realty News Report Copyright 2020