RNR Real Estate Briefs – HOU, DAL, AUS, SAT
HOUSTON – (Realty News Report) – NAI Partners recently arranged a 27,435 SF industrial sale for Seis GEaR, Inc. at 126 Anton Stade Road in Rosenberg, Texas. NAI Partners’ Travis Land and AJ Williams represented the buyer in the transaction. Barkley Peschel with Colliers International worked on behalf of the seller.
JLL Capital Markets has closed the sale and arranged acquisition financing for a 19,950 SF, fully leased retail center in the north Houston-area suburb of Spring. JLL marketed the properties on behalf of the seller, BNS Rayford Partners, LP, represented by Adam Soffar and Rob Naggar. The JLL Retail Capital Markets team representing the seller was led by Ryan West, John Indelli and Katherine Miller. The JLL Capital Markets debt placement team representing the new owner included Michael Johnson, Stuart Helper and Trey Pizzitola.
United Healthcare extended its 16,691 SF lease at 2000 West Loop South in Houston. Bob Cromwell and Kevin Nolan of Moody Rambin represented the owner during negotiations. Bruce Rutherford and Cliff West of JLL worked on behalf of the tenant.
Progressive Leasing, LLC , renewed its lease at 14505 Torrey Chase Blvd. in Houston. Jason Gibbons and Matt Gayle with Finial Group represented the landlord in this transaction.
GMK Complete Game Investments, LLC, signed a new 21,000 SF industrial lease at 3505 FM 1960 E in Humble, Texas. John Wolf and Casey Hilbun from Newmark Knight Frank represented the tenant while Daper, Inc. worked on behalf of the landlord, Calvary Christian Fellowship, Inc.
NAI Partners arranged a 1,560 SF retail lease for Clutch City Expresso at 4733 Richmond Ave. in Houston. NAI Partners’ Darren O’Conor and Shaffer Braun represented the landlord in the transaction.
Zack Taylor and Tommy Erwin of Moody Rambin represented the buyer for the sale of 6220 Navigation Blvd. The property consists of 27,310 SF of freestanding office and warehouse space on 1.38 acres. Steven O’Connor and Marc Lawson of PrinGroup Commercial represented the owner.
Intercontinental Terminals Company, Inc. signed a 8,655 SF office sublease at Deerwood Glen Office Park, 4400 Highway 225, Pasadena, Texas. Rob Stillwell and Gregory Marconi from Newmark Knight Frank represented the sub-tenant while Colliers International worked on behalf of the landlord, JV Driver Group, Inc.
NAI Partners arranged a 13,400 SF industrial renewal lease for Niche Importing Group, LLC, at 1499 Post Oak Road in Houston. NAI Partners’ Shaffer Braun represented the landlord.
Seacor Marine, LLC, expanded its 2,671 SF office lease at Woodbranch Office Park, 12121 Wickchester Lane in Houston. Jack Warmington and Gregory Marconi from Newmark Knight Frank represented the tenant while Madison Marquette represented the landlord, Sessan Woodbranch, Inc.
Supernova Athletics leased 7,052 SF at 1331 East Broadway St. in Pearland. Sam Rayburn and Lawton Anderson of Moody Rambin represented the owner.
Round Table Medical Consultants leased 26,743 SF of office space at Royal Oaks Centre, 11490 Westheimer Road in Houston. Kurt Kistler of Moody Rambin represented the owner.
CDM Smith renewed its 13,788-SF lease at Royal Oaks Centre. Kurt Kistler of Moody Rambin and Dustin McFarland of Savills Studley handled the deal.
CTCI extended its 9,166SF lease at Royal Oaks Centre, 11490 Westheimer Road in Houston. Kurt Kistler and Spencer Starkey of Moody Rambin represented the owner. Josh Morrow of Avison Young represented the tenant.
Texas Realty News
NAI Partners recently arranged a 4,643 SF retail lease renewal for Pathway Vet Alliance at The Triangle Center in Round Rock, near Austin. NAI Partners’ Joe DeCola and Max Garner represented the landlord in the transaction. Triangle Center is owned by the NAI Investment Fund, which purchased the asset last December.
Newmark Knight Frank recently handled two leasing deals in Austin.
Advanced Micro Devices, Inc.obtained a new 34,995 industrial lease at 7000 W. William Cannon Drive. Mark Russell, Steve Biegel and Scott Lewis represented the tenant while Endeavor Real Estate Group worked for the landlord, ATX Office Owner 4, LP.
Also, Morsco Supply, LLC, extended its 34,500 industrial lease at 8291 Springdale Road. Frank Puskarich, Louis Pascuzzi and Halverson Reid represented the tenant while Stream Realty represented the landlord, EastGroup Properties, LP.
NAI Partners Austin recently arranged a two-acre land lease for TNT Crane and Rigging, Inc. at 11701 Von Quintus Road in Austin. NAI Partners’ Troy Martin represented the tenant in the transaction. Matt Fain with ECR represented the landlord.
Stratus Properties Inc. announced that Ryman Hospitality Properties, Inc. terminated its agreement with Stratus to purchase Block 21, Stratus’ wholly owned mixed-use real estate development and entertainment business in downtown Austin. As a result, Ryman has forfeited to Stratus Ryman’s $15 million of earnest money deposited in escrow in connection with the execution of a purchase agreement in December 2019.
TCR Business Systems, Inc. renewed its lease for 11,033 SF of flex office space at Westwood Business Parkin Farmers Branch, Texas. Doug Carignan with JLL represented the tenant while Drew Crawford and William McCarthy with Finial Group represented the landlord in this transaction.
Newmark Knight Frank announced the University of North Texas’ 56,517 SF lease renewal and expansion at 2811 and 3011 Internet Boulevard at HALL Park in Frisco, Texas. NKF’s James Cooksey and Garrison Efird represented UNT in the lease. HALL Park was represented by Hall Group’s Kim Butler, Brad Gibson and Cynthia Cowen.
ELSEWHERE
Marcus & Millichap handled the $17.5 million sale of Griffin Park, a 178-unit apartment property in Lakeland, Fla.
Canyon Partners Real Estate, LLC, and American Capital Group have announced their participation in a joint venture to develop Kinect @ Lynnwood, a 239-unit apartment project in the Seattle suburb of Lynnwood. Canyon invested $25 million of equity into this project, located in a qualified opportunity zone. The joint venture also closed on a $45.5 million construction loan from U.S. Bank. Construction will begin in June.
May 26, 2020 Realty News Report Copyright 2020