HOUSTON – (RNR Real Estate Briefs :HOU ) — Colliers announces the sale of Mason Creek medical office building, a newly constructed, state-of-the-art, 30,000 SF facility on 3.9 acres at 21820 Katy Freeway in West Houston. The structure is 100% leased and occupied by two major medical tenants: Village Family Practice, LLP, and Memorial MRI & Diagnostics, LLC, each under 15-year leases. The buyer was MMAC Acquisition Corp., also known as Montecito Medical Real Estate. Beth Young and Bob Parsley of Colliers International represented the seller, RK-VFP I, LLC, aka Read King, in the transaction.
Caliche Development Partners leased 5,677 SF at 919 Milam St. in Houston. Elliott Hirshfeld, Steve Rocher and Nina Seyyedin with CBRE in Houston represented the landlord, Milam Houston Real Estate Holdings.
Resource Data leased 6,500 SF at 15915 Katy Freeway. NAI Partners’ Griff Bandy and Joe Bright of the company’s Office Tenant Rep Group represented Resource Data in the transaction. NAI Partners’ Michel Sieger, Lesley Rice, and Andy Parrish, of the firm’s Office Project Leasing team, represented the landlord, Dornin Investments.
Kayne Anderson Real Estate Advisors of Boca Raton, Fla. acquired a 99,798-SF medical building in Bellaire at 5420 West Loop South, just south of Westpark. The seller was Welltower REIT of Toledo, Ohio. Chad Lavender and Ryan Maconachy of Newmark Knight Frank represented Welltower.
An industrial warehouse and flex-office business park will be developed in south Montgomery County by 2978 Land Holdings, LP. The 85,000-SF proposed project, called the Woodgrove Business Park at FM 2978, will be located south of Woodlands Parkway in Magnolia. Everson Developments is developer. Leasing is by J. Beard Real Estate Co.
Foot Locker Retail, Inc. has obtained a lease for 3,000 SF at 6057 Scott St. for a pop-up store. Brian Ashbyand Sydney Dixon with CBRE Houston represented the tenant. Scott Capital Investment, Ltd. is the landlord.
The Howard Hughes Corporation has announced the addition of PNC Bank atHughes Landing – a 79-acre mixed-use destination in The Woodlands. PNC Bank has opened on the ground level of the new Two Lakes Edge,the new eight-story multifamily development at 1975 Hughes Landing Boulevard on Lake Woodlands. PNC Bank is part of The PNC Financial Services Group.
Golden Max, LLC, renewed its lease for 80,030 SF on 6.7 acres at 12701 Directors Drive in Stafford. David Buescher and Jordan Raney with JLL represented the tenant. Steve King with CBRE Houston worked on behalf of the landlord, Wallis Family Real Estate, Ltd.
HOUSTON — As part of recent company growth and in line with the firm’s expansion goals, Welcome Group, LLC, a Houston-based commercial real estate owner and developer has acquired 23 acres of industrial land on Cedar Boulevard in the Cedar Port Industrial Park in Chambers County for future projects east of Houston.
DRW Texas, Ltd. leased 9,654 SF at Three Riverway in Houston. Kristen Rabel, Marilyn Guion and Parker Duffie with CBRE represented the landlord, Dar 3 Riverway, LP.
Jolly Roofing & Contracting Co. purchased a 3,800 SF industrial building at 28917 Highway Boulevard in Katy. Doc Perrier of Finial Group represented the buyer in this transaction.
Marlinz Pharma, LLC, has renewed a 4,432 SF lease at 15115 Park Row in Houston. Elliott Hirshfeld, Marilyn Guion and Joel Douthit with CBRE represented the landlord, Park 10 Tenant, LLC, in the transaction.
HOUSTON – Sugar Land Town Square is now home to the first Houston area location of Dallas-based beauty and wellness destination Mattison Avenue Salon Suites & Spa. Located at 2181 Texas Drive in the 32-acre pedestrian-oriented village, the second-floor space spans about 11,000 SF. Half of its 50 furnished suites have now been leased to independent beauty professionals, with most already open and maintaining safe service to avoid infection by COVID-19.
J-R 1726 Inc. has purchased 11.96 acres at the intersection of Crawford and Tanner roads, Houston, from Payton D. Waters Sr., Payton D. Waters Jr. and Payton D. Waters, trustee. Brad LyBrand and David K. Meyers of NewQuest Properties represented the buyer. David Boyd of Boyd Commercial represented the seller.
Doc Perrier and Jason Gibbons with Finial Group secured a lease for Rubicon Ventures, LLC, at 1646 Rankin Road in Houston. The 19,800 SF industrial space is within the Central Green Business Park. Finial Group represented the tenant in this transaction while Jeremy Lumbreras with Stream Realty represented the landlord.
Swanson Resources, LLC, purchased a 6,660 SF warehouse on 0.59 acres at 6715 Theall Road in Houston from SME Associates Property Holdings, LLC. Jeff Lokey of NewQuest Properties represented the seller in the direct deal.
Jason Ridenbaugh and Josh Lass-Sughrue of NAI Partners’ Investment Sales Division arranged the sale of 1918 Antoine Drive, a 5,120-SF industrial building in Spring Branch. The seller was Pyramid Enterprises.
Texas
PORT ARANSAS – CBRE is marketing Ocean Village, Hospitality Village and Lagoon Village, three future mixed-use development opportunities at Palmilla Beach Resort & Golf Community in Port Aransas. Palmilla Beach is a 500-acre master-planned, oceanfront resort community with more than a mile of ocean frontage and a scenic, 48-acre peninsula overlooking Corpus Christi Bay. McCombs Properties, owned by famed San Antonio businessman Red McCombs is the developer. Carter Breed, Jeff Woolson and Tom Berryof CBRE’s Golf & Resort Group represent McCombs Properties.
ADDISON, Texas — A once-dated office building at the northeast corner of the Dallas North Tollway and Belt Line Road has been upgraded with $4 million in renovations and a new name.Triten Real Estate Partners has rebranded the six-story, 90,000 SF office building at 15110 North Dallas Parkway as “The Commons.” Leasing is being handled by Ben Davis and Shannon Brown of CBRE.
SAN ANTONIO – San Antonio-based Koontz Corporation announced the sale of Foster Ridge Distribution Center, a 327,000 SF, Class A distribution facility near the intersection of Foster Road and IH-10 E — to Exeter Property Group, headquartered in Conshohocken, Penn. It was developed by Koontz and completed in October 2019.
DALLAS — VEREIT, Inc. and Ocean West announce the acquisition of a 2.3 million SF distribution and warehouse facility leased by Home Depot. The property is in Dallas and was purchased for $246.7 million. The asset is strategically located for supply chain efficiency and is a newly-constructed, build-to-suit property with a 20-year lease. The acquisition is part of VEREIT‘s industrial partnership with Korea Investment & Securities Co., Ltd., which is advised by Ocean West Capital Partners, LLC. CBRE brokered the sale.
AUSTIN – BAE Systems, an aerospace and defense technology firm, is building a 390,000-SF campus in Parmer Business Park in north Austin. Los Angeles-based Karlin Real Estate is developer of the BAE campus… Also, in a separate transaction, Karlin recently acquired BAE Systems’ 146-acre Tracor campus in east Austin, a deal handled by Jeff Emerick of CBRE, the Austin Business Journal reported.
NAI Partners’ Jorge Martinez represented San Antonio Counseling and Behavioral Center in the purchase of Biltmore on the Corner at 5522 Lone Star Pkwy. Endura Advisory Group’s Rick Lagrange represented the seller, A&L Development.
National
In conjunction with Cushman & Wakefield’s National Industrial Advisory Group, Lee & Associates – Columbusr epresented Link Industrial in the sale of a 484,216 SF industrial building at 6201 Green Point Drive S. in Groveport, Ohio. Mike Spencer of Lee & Associates – Columbus assisted Cushman & Wakefield on the seller’s behalf with the purchase by Granite REIT.
ATLANTA – JLL Capital Markets announced it has closed the $43.9 million sale of an 811,000 SF distribution center at 860 John B. Brooks Road leased to Bed Bath & Beyond in the northeast Georgia community of Pendergrass. JLL worked on behalf of the seller, Oak Street Real Estate Capital, LLC, while an unnamed institutional investment group purchased the asset.
Aug. 15, 2020 Realty News Report Copyright 2020
File: RNR Real Estate Briefs: HOU… File: (2) RNR Real Estate Briefs: HOU, DAL, AUS, SAT +
Photo: Mason Creek MOB via Colliers International – File: RNR Real Estate Briefs: HOU
