RNR Real Estate Briefs: HOU, DAL, AUS, SAT

Houston 2020: America’s Boom Town – An Extreme Close Up

By Ralph Bivins, Editor of Realty News Report 

HOUSTON — FKM Partnership Ltd. has purchased 48,000 SF of industrial property on 4.8 acres at 11941 Cutten Road in Houston. The firm bought the property from ClayPartners as an investment sale. Nathan Wynne of CBRE represented the FKM.

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Martin Resource Management renewed its lease for 20,935 SF at Three Riverway in Houston. Don Foster of JLL was broker for the tenant while Kristen Rabel, Marilyn Guion and Parker Duffie with CBRE in Houston represented the landlord, Dar 3Riverway, L.P.

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Avison Young negotiated a long-term, 21,091SF office lease on behalf of consulting civil engineering firm Van De Wiele & Vogler located at One Eldridge, 777 North Eldridge Parkway in the west Houston area. Anthony Squillante and Josh Morrow from Avison Young’s Houston office represented the tenant.

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Houston International Trading leased 20,000 SF at Glenroyal Business Park, 5303 Glenmont in Houston. Gary Triplett of CMI Brokerage represented the landlord, Exchange Business Center.

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R&B Industrial Supply has renewed its lease for 4,960 SF at Three Riverway in Houston. William McCarthy of the Finial Group represented the tenant. Kristen Rabel, Marilyn Guion and Parker Duffie with CBRE in Houston negotiated for the landlord, Dar 3Riverway L.P.

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Marcus & Millichap announced the sale of Shops at Fairmont, an 8,344 SF shopping center in Pasadena, Texas.  Justin Miller from Marcus & Millichap’s Houston office procured the buyer.

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World Services Group has renewed its lease for 4,357 SF at 2777 Allen Parkway in Houston. Joshua Brown from Newmark Knight Frank represented the tenant. The landlord, American General Life Insurance Company, was represented by Kristen Rabel and Elliott Hirshfeld with CBRE in Houston.

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Marinor & Associates,Inc. just renewed its lease for 5,485 SF at 2727 Allen Parkway in Houston. Hugh Herman from Cushman & Wakefield represented the tenant while Kristen Rabel and Elliott Hirshfeld with CBRE in Houston worked on behalf of the landlord, 2929 Real Estate Holdings, LLC.

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NAI Partners recently arranged a new office lease for EHRA Engineeringat 10011 Meadowglen in Houston. NAI Partners’ Jason G. Whittington represented EHRA Engineering in the transaction and Brad Sinclair with Madison Marquette represented the landlord, Sunrich Investments, L.P. and CC Fortune Venture, LLC.

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Cynosure Technologies,LLC, has renewed a 1,494 SF lease at 2401 Fountain View in Houston. John Buckley and Chase Tucker with Finial Group negotiated.

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ELSEWHERE in Texas

Airties, Inc., signed a lease for 3,345 SF at 8300 N. Mopac Expressway in Austin. Katie Ekstrom with CBRE in Austin represented the landlord, Divco West Real Estate Services, Inc.

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Transect, LLC, has signed a lease at 816 Camaron St. in San Antonio.  Christi Griggs with CBRE in San Antonio represented the landlord, 816 Camaron, LLC.

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Phoenix-based NexMetro Communities has acquired a 27-acre parcel in the southwest quadrant of Alta Mesa Boulevard and Granbury Road in Fort Worth. Younger Partners’ Tom Grunnah, Michael Ytem and Jeremy Lillard represented the buyer, NexMetroTrailsLP. The tract was excess land owned by the seller, Kroger Texas.

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J.J’s Mae, Inc., signed a lease for 109,271 SF at 6417 Tri-County Parkway in Schertz, Texas. Omar Nasser with Aquila Commercial represented J.J’s Mae, Inc. Josh Aguilar with CBRE in San Antonio represented the landlord, Prologis.

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Fiesta Warehousing & Distribution Company added to its industrial footprint with a lease for 66,468 SF at 5050 Stout Drive in San Antonio. Rob Burlingame with CBRE in San Antonio represented the tenant. Joshua Aguilar with CBRE in San Antonio represented the landlord, Prologis Na2 Texas, LLC.

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Gateway America has purchased 5.63 acres at 1001 East Texano Drive in Hidalgo, Texas. Carlos Telles  with CBRE  in McAllen represented the seller, Comanche Asset Management Company, LLC.

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SkyWalker Property and Keller Williams have purchased the Waxahachie Daily Light building at 200 W. Marvin Ave. in Waxahachie from GateHouse Media Texas Holdings II Inc. Newspaper management has inked a 90-day sale-leaseback to allow time for renovation of its new office and relocation. The 12,018 SF commercial building ultimately will be the realty firm’s base of operations in Ellis County.

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NATIONAL ITEMS

Lee & Associates – Stockton brokered the sale of an industrial building measuring about 201,400 SF on about 9.4-acres at 3001 N. Navone Road in Stockton, Calif. The property was 100% leased to two tenants, GAF and Western Regional Distribution Services. Jim Martin represented the seller, Mark Slotkin, in the transaction.

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Marcus & Millichap announced the sale of OakGate, a 29-unit apartment property in Gainesville, Fla., for $4,450,000.

May 6, 2020 Realty News Report Copyright 2020

Read The  Book  by Ralph Bivins, Editor of Realty News Report 

 Houston 2020: America’s Boom Town – An Extreme Close Up