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

RNR Real Estate Briefs from Realty News Report – HOUSTON – A Houston  investment group called 1220 Augusta, LLC, has acquired a 112,867 SF office building just west of Houston’s Galleria area on Augusta Street.  Christopher D. Winters  and Jay Kyle  of  Colliers represented the owner.

KATY – Lee & Associates – Houston represented the landlord, Clay Hockley Business Park, LLC, in the lease of a 9,178 SF of manufacturing space at 4121 Katy Hockley Road in Katy. The tenant was not disclosed. Brokers were Clint Hankla and Preston Yaggi.

KATY –Powell Relocation Group engaged Adkisson Development  to construct Powell’s new Houston headquarters on 4.5 acres in Katy at 626 Commerce Parkway. Andrew Sowell, Wes Williams of Boyd Commercial represented Powell. Adkisson broke ground on the 25,000-SF project in March.

HOUSTON – George Montes of Cypressbrook Company represented the tenant, Pronto Vending, Ltd., in the renewal of a 17,134 SF warehouse at 2355 Minimax Drive. Boone Smith of Stream Realty Partners represented the landlord, Agellan Commercial REIT, U.S.L.P.

HOUSTON — Tejas Liquor has leased 4,154 SF in the HEB Shopping Center at 10100 Beechnut, Suite 260, in Houston. The store is a full-service liquor retailer for the sale and display of wine, liquors, liqueurs and beer, serving Houston and surrounding cities. The landlord was represented by Kristen Barker of Wulfe & Co.

HOUSTON —William McCarthy with Finial Group  brokered the expansion of an office lease at 9800 Richmond Ave. The tenant was Genesis Medical Management Solutions.

HOUSTON – Kyle Whieldon of Cypressbrook Company represented the tenant, Dunphy Graphic Solutions, in the leasing of 5,000 SF of warehouse space at 235 Derrick Drive. Adam McAlpine represented the landlord, J. A. Carnes & Company of Texas.

BROOKSHIRE — Lee & Associates – Houston represented the landlord, Roland 5, LLC, in the lease of 1.5 acres at 34505 Interstate 10 in Brookshire, Texas. The tenant was not disclosed. Taylor Schmidt was the broker.

CONROE, Texas – A 15,000 SF DSW Designer Shoe Warehouse opened at 336 Marketplace in Conroe. Owned by Fidelis,  336 Marketplace is in the Grand Central Park Community at Interstate 45 and South Loop 336.

HOUSTON – John Hornbuckle  of Cypressbrook Company represented the tenant, McGrath & Co., PLLC, in leasing 5,327 SF of office space at Brookhollow II, 2900 North Loop West. Brian Strait with Lincoln Property Company  represented the landlord, Hertz Houston Brookhollow, LP.

CYPRESS – Wink Optometry has leased 1,750 SF of retail space in Shops at Rock Creek at the intersection of Spring Cypress and Grant roads, Cypress, from NewQuest Properties.  Andrew Alvis of NewQuest Properties represented the landlord. Chris Boyd, and Quy Nguyen of Xite Healthcare Real Estate  represented the tenant.

CONROE – Kimberly DeVos of Cypressbrook Company represented the tenant, Salon Mathis, LLC, in its expansion of 1,504 SF, bringing its suite total to 3,051 SF. The salon is at 11133 I-45 North in Conroe. The landlord, CAL-River Station, LLC, was represented by Brandon Levinson  with Interra Capital.

HOUSTON – Lee & Associates – Houston  represented the tenant, Miami Nightz Bar & Grill, LLC, in the lease of a 2,827 SF retail property at 1029 Highway 6 N, #1010 in Houston.  Sandra Aronds  was the broker.

DICKINSON, Texas — Sunshine Kitchen has leased 1,050 SF of retail space in Dickinson Village Shopping Center at Interstate 45 and FM 517 Road W. in Dickinson, from Revesco USA Properties of Dickinson, LP. Nick Ramsey and Kevin Sims of NewQuest Properties represented the landlord.

PASADENA, Texas — Lee & Associates – Houston represented the landlord in the lease of 10,818 SF to Golden Corral at 4021 Spencer Highway in Pasadena. The landlord was undisclosed. Brokers were Brad Kilbride and Grant Walker. 

 HOUSTON – Sam Chang with Henry S. Miller Brokerage represented a tenant that leased 45,000 SF at Beltway Exchange at Colony Crossing, 10401 South Sam Houston Parkway West in Missouri City. Boone Smith with Stream Realty represented the landlord, STAG West Houston of Boston. 

TEXAS RNR Real Estate Briefs 

DALLAS – CBRE  announced that Slices, a California-based pizza chain opened its first location in Dallas at 2025 Cedar Springs Road in Uptown. Elizabeth Herman with CBRE arranged the 1,945 SF lease on behalf of both the landlord, T2 Hotels, and Slices.

IRVING, Texas — C-III Capital Partners has moved its regional headquarters to a 10,000 SF space in Irving. Tom Lynn  and Zach Stevens  of NAI Robert Lynn represented the tenant along with Jay Olshonsky  of NAI Global.

WACO, Texas — Dan Spika  from Henry S. Miller Brokerage   represented ABC Supply of Beloit, Wisc., in the lease of a 44,200 SF industrial building on 4.1 acres at 1212 LaSalle in Waco. Josh Carter with Coldwell Banker Commercial represented the landlord, Mission Linen Supply of Santa Barbara, Calif.

MESQUITE, Texas – Iron Horse Village, a new mixed-use complex from Centurion American Development Group,  announced the home builders for its 336 single-family home community. D.R. Horton, Gehan Homes and Mattamy Homes will construct the houses and townhomes on 54 acres adjacent to the Mesquite Arena.

DALLAS – CBRE announced that Sugar Factory American Brasserie, leased 9,494 SF at 1900 Cedar Springs Rd in Uptown Dallas. Jack Gosnell and Elizabeth Herman with CBRE  represented the landlord, GenCap Partners

NATIONAL RNR Real Estate Briefs

LAWRENCEVILLE, Ga. — CBRE’s Capital Markets Debt & Structured Finance Team has arranged $64,460,000 in financing to acquire The Retreat at Riverside, a 412-unit apartment community in Lawrenceville. Michael Thompson  and Tony Tringhese with CBRE’s team in Houston made financial arrangements on behalf of the sponsorship, Ashcroft Capital, to purchase the property. The seller was represented by Shea Campbell, Kevin Geiger, Ashish Cholia and Colleen Hendrix with CBRE Southeast Multifamily in Atlanta. The three-year, 75.5% loan-to-cost, floating-rate loan was provided through Rialto Capital.

COLUMBIA, Md. – Transwestern Real Estate Services has been named the exclusive leasing partner for The Howard Hughes Corp.’s  office holdings in Downtown Columbia, Maryland. Transwestern’s Alex Hancock will lead leasing team  for the Downtown Columbia office portfolio, which includes 12 office buildings consisting of over 1.8 million SF and over 3.6 million SF of entitled future office development.

DENVER, Colo. – JLL Capital Markets announced it closed the sale of Central Park Tower, a 297,262 SF, Class AA suburban office structure in the Denver metro area community of Broomfield, Colo. JLL marketed the property and procured the buyer, a joint venture between Ascentris and Cypress Office Properties.

CHICAGO, Ill. — B+E brokerage  announced the sale of the RoadHog Industrial manufacturing property at 464 Southpoint Circle, Brownsburg, Ind., for $4,050,000. The 64,175 SF building sits on 6.15 acres.

IRVINE, Calif. – In a major expansion of its portfolio of business properties, The Koll Company announced the completion of more than $110 million in real estate investments and industrial growth throughout the western United States. The acquisitions and expansion added more than 700,000 SF to the firm’s multistate portfolio, which totals more than 4.5 million SF.

NEW YORK, N.Y. — JLL Hotels & Hospitality announced it has closed the sale of Shoreham, a 179-room boutique hotel in Midtown Manhattan. The sale represents the fifth asset JLL Hotels has advised on in New York City since September 2020.

CHANDLER, Ariz. — Kula Revolving Sushi Bar has leased 3,311 SF of retail space in Chandler Ranch from NewQuest Properties.  Heather Nguyen and John Nguyen of NewQuest represented the landlord. David Uhles of Western Retail Advisors worked on behalf of the tenant.

NEWARK, N.J. – Newark Symphony Hall New Jersey’s largest Black-led arts and entertainment venue, unveiled designs for its exterior renovation – part of a $50 million project set to wrap on the venue’s 100th birthday in 2025. The design, from Trenton, N.J.-based architectural firm Clarke Caton Hintz  includes a new marquee and streetscape. Design upgrades make Broad Street – a gateway into the state’s largest city – a distinct visual marker highlighting Newark’s creativity and ingenuity. NSH – located at 1020 Broad St. in Newark – was built in 1925 and added to the National Register of Historic Places in 1977.

ALBUQUERQUE – The Multifamily Group (TMG), a Dallas-based firm facilitated of the 79-unit Uptown Horizon’s sale in Albuquerque. Managing Partner Paul Yazbeck represented the seller and procured the buyer.

May 8,  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

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

Photo credit: Ralph Bivins of Realty News Report Copyright 2021

Published by Realty News Report, RNR Real Estate Briefs is a compilation of regional and national news.

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