RNR Real Estate Briefs from Realty News Report – -HOUSTON – Colliers International announced that Sourcepoint, Inc. leased 34,852 SF in the Westbelt Office Center at 8101 W. Sam Houston Parkway S. in Houston. The landlord, RMA American Realty Limited Partnership, was represented by John Pruitt of JLL. Bob Parsley, Darren Gowell and Mia Jarrell of Colliers International represented the tenant. Located in the Southwest Beltway 8 office submarket, the site is 80% occupied and has 1.3 million SF of available Class A and B+ office space for lease. Sourcepoint provides services to the U.S. mortgage industry.
HOUSTON — NAI Partners recently arranged a 38,765 SF office lease for First Investors Financial Services, Inc. at 5757 Woodway in Houston. NAI’s Dan Boyles represented First Investors Financial Services. The landlord, 5757 Woodway Realty, Ltd., was represented by Braun Enterprises. The firm purchased the building in 2018 and immediately rebranded and transformed it, inside and out.
HOUSTON – Avison Young announced it has negotiated the sale of 63 acres of land at Atascocita Road, northeast of Wilson Road in Humble, Texas. Avison Young’s Tommy LeBlanc and John-Michael Kamel represented the seller, Sowell & Company, in the sale to USA Waste of Texas Landfills, Inc.
HOUSTON – Stonelake Capital Partners acquired 6161 Bingle, a 127,513-SF industrial building on 17 acres. Graybar was represented by Andy Sowell, of Boyd Commercial.With the help of David Munson and Wes Williams of Boyd Commercial, Stonelake leased the property to Hannibal Industries, a steel pallet rack manufacturer.
GALVESTON – Kimberly DeVos of Cypressbrook Company represented the tenant, Garden Thai Cuisine, in leasing 3,804 SF of restaurant and patio space at The Washington Building, 2228 Mechanic St. in Galveston. The landlord, Mitchell Historic Properties, Inc., represented themselves.
HOUSTON — George W. Evans Properties, Ltd. has sold 5902 and 5904 Dolores Street containing 23,177 SF of land and 2,844 SF of improvements. The buyer was represented by Kal Drooby Realtors. The seller was represented by Mark Kidd Sr. and Mark Kidd Jr .of M Kidd Properties, Inc
HOUSTON – The Multifamily Group, a commercial real estate brokerage firm, recently closed the Parkway Plaza Apartments in Houston’s Northline Submarket. The property is a garden-style complex built in 1970 and consisting of 145 units on both sides of Parker. TMG’s Managing Director Chris Siemasko represented both sides.
HOUSTON – George Montes of Cypressbrook Company represented the tenant, ABG Resources, Inc. d/b/a Mycot Style, in leasing 6,442 SF of office/warehouse space at 25275 Budde Road in Spring, Texas. Michael Blount of Panoptic Realty Group represented the landlord, Lone Star C & L Investments, LLC.
HOUSTON – Marcus & Millichap announced the sale of Strack Road Storage, a 198,005 SF self-storage facility.
HOUSTON – John Hornbuckle of Cypressbrook Company represented the landlord, EP Office Holdings, in leasing 2,595 SF of office space at 4615 Southwest Freeway in Houston. Charles Fertitta of Colliers International represented the tenant, Ingenero, Inc.
TEXAS — RNR Real Estate Briefs
AUSTIN — Newmark announced the sale of The Monroe, a 223-unit, new-build multifamily asset in Austin, near the East Riverside Corridor. The property, which is still under construction, sold for an undisclosed price. Newmark’s Patton Jones represented the seller, Dallas-based Stillwater Capital, a private real estate company.
CIBOLO, Texas — NAI Partners recently arranged a 29.9-acre land sale on Green Valley Road in Cibolo, Texas. NAI Partners’ Brett Lum represented the seller. The buyer consisted of the Board of Trustees of the Schertz-Cibolo-Universal City Independent School District.
BELTON, Texas — NAI Partners announced it has arranged the sale of 1000 Kirkley, a 62,375 SF industrial warehouse on 5.21 acres off Highway 190 in Belton. The firm’s Ryan McCullough, Tyler Jaynes, Connor Watson and Patrick Hill represented the seller.
SAN ANTONIO — NAI Partners recently arranged the sale of 7,765 SF on 3.86 acres for Alterra Property Group at 6916 NE Loop 410 in San Antonio, Texas. NAI Partners’ Carlos Marquez represented the seller. Alterra is a real estate investment, development and management company based in Philadelphia.
NATIONAL – RNR Real Estate Briefs
WASHINGTON, D.C. – JLL Capital Markets announced it has closed the $58.5 million leasehold sale of 1717 Rhode Island, a 157,050-SF boutique office building in downtown Washington, D.C. JLL marketed the property on behalf of the seller, BentallGreenOak. Tritower Financial Group purchased the 10-story building.
TAMPA, Fla. — Robbins Property Associates, a vertically integrated multifamily owner operator, has partnered with a repeat private equity limited partner to acquire Century Cross Creek, a 297-unit apartment complex in Tampa.
SEATTLE, Wash. – JLL Capital Markets handled the sale of 9805 Willows, an 80,980 SF creative office asset in Redmond, Wash.JLL worked on behalf of the seller, a joint venture between Graymark Capital and Blue Vista Capital Management, and procured the buyer, Invesco Real Estate.
SAN DIEGO, Calif. – KKR, a global investment firm, acquired the Three Piper Ranch, an industrial distribution property consisting of two buildings totaling 330,000 SF in San Diego. KKR purchased the property from Zurich Alternative Asset Management, LLC, and CBRE Capital Markets helped to broker the sale.
ATLANTA, Ga. — JLL Income Property Trust, an institutionally managed daily net asset value REIT, announced the acquisition of Siena Suwanee Town Center, a 240-unit, luxury apartment community in the north-Atlanta suburb of Suwanee, Ga., for about $70 million.
NEW YORK, N.Y. — Moody’s Corporation has acquired Catylist, Inc., a provider of commercial real estate solutions for brokers. The acquisition advances Moody’s Analytics platform, enhancing its coverage of property-level data and expanding its range of analytical solutions to the broker market. The Houston Association of Realtors’ Commercial Gateway (CommGate.com) division is powered by Catylist. “The acquisition will enhance the services we deliver to the members of CommGate.com, our commercial information exchange,” said Mario Arriaga, chairman, Houston Realtors Information Service.
Jan. 10, 2021 Realty News Report Copyright 2021
File: RNR Real Estate Briefs