HOUSTON – (Realty News Report – RNR Real Estate Briefs ) – Lee & Associates represented Kalera, Inc. in the leasing of an 83,436 SF industrial property at 7159 Rankin Road in Humble, Texas. Mike Spears of Lee & Associates – Houston and Derek Riggleman of Lee & Associates – Central Florida represented the tenant. Jason Dillee and Nathan Wynne with Cushman & Wakefield of Houston represented the landlord, Jackson-Shaw/TPRF V Parc 59, LLC.
Colliers Internationalannounced the sale of two industrial warehouses totaling 31,750 SF located at 12400 and 12402 Taylor Road in Houston. Barrett Gibson and Jason Tangen of Colliers International advised both the seller, H&B Development and Construction LP, and the buyer, TRECAP Management, a real estate investment, management and advisory services company. The warehouses are 100% leased to SRS Distribution Inc.
Re-Bath Houston has leased 5,985 SF of warehouse space in Prologis West by Northwest Building 5, 6630 Roxburgh Drive, Houston, from Prologis Targeted US Fund, LP. Chris Dray of NewQuest Properties and Alex Wright, formerly with that firm, represented the tenant. Darryl Noon of Transwestern represented the landlord.
Post Oak ER has leased 5,575 SF of medical space in Tanglewood Shopping Center at San Felipe Street and South Post Oak Road, Houston, from RPI Management Co., LLC. Josh Friedlander of NewQuest Properties represented the landlord. Chadd Bolding of Colliers International worked on behalf of the tenant.
Reed Vestal and Taylor Schmidt of Lee & Associates – Houston represented Vigavi SRDC in the purchase of 8.15 acres on Stafford School Road in Stafford, Texas. Andy Hsu with AA Realty Company represented the seller, Houston Discovery, L.P.
Overhead Door Corporation leased 18,285 SF at Wallisville Industrial Park, 9135 Wallisville Road in Houston. Jim Autenreith and Sam Rayburn of Moody Rambin represented the owner.
Newmark Knight Frank has announced the $54.8 million Freddie Mac refinancing of Nob Hill Apartments in Houston. The financing effort was led by Multifamily Capital Markets’ Matt Greer of the firm’s Austin office on behalf of repeat NKF and Freddie Mac client, Steadfast Companies.
Central Management has been retained by Vigavi Realty as property manager of West Ten Industrial Park, Building 2, at 7828 Columbia in Katy and Building 4, located at 7748 Cherokee Road in Katy. Building 2 is comprised of 16,800 SF while Building 4 measures 9,000 SF. Representing the landlord was Luis Villarreal while Victor E. Vacek, Jr. and Paul Panus, Jr. handled the contract for Central Management.
Bob Banzhaf and Ryan Dierker with Newcor Commercial Real Estate represented the tenant, Sterling Construction with lease renewal negotiations for their 12,340 SF office headquarters located at One Hughes Landing in The Woodlands.
Dynamic Sports and Family Chiropractic, PLLC leased 1,779 SF in Miramesa Town Center, 20510 West Road in Cypress, Texas. Haley John of KW Commercial was the tenant’s broker. Matt McKinnerney and Lane Pleason were brokers for the landlord, Read King Commercial Real Estate.
Jus’ Mac, the mac and cheese eatery, has acquired a new, 1,100 SF lease in The Market at Harper’s Preserve Center at Highway 242 and Harper’s Trace in Houston. Travis Waltmon of Edge RealtyPartners represented the tenant. Jeanie Gibbs, Matt McKinnerney and Lane Pleason represented the landlord, Read King Commercial Real Estate.
My Garage Cypress LLC bought Creekside Storage, a 33,600 SFself-storage located at 14660 Spring Cypress Road in Cypress. Dave Knobler and Casey Kral of Marcus & Millichap represented the seller.
Floyd’s 99 Barbershop leased 1,400 SF at Vintage Marketplace, at the southeast corner of Louetta and Cutten roads in Houston. Jamie Weaver of Arena Realty was broker for the tenant. Jeanie Gibbs, Matt McKinnerney and Lane Pleason were brokers for the landlord, Read King Commercial Real Estate.
Southside Commons (formerly Palace Bowling Lanes) at 4191 Bellaire Blvd. has designated Central Management as property manager. Triple Crown Investments is redeveloping the 80,000 SF mixed-use space. Property manager and construction supervisor is James Sinclair, and the property supervisor is Paul Panus, Jr., both with Central Management – Houston office. Arch-Con is general contractor.
RNR Real Estate Briefs
PLANO, Texas – Renaissance Pathology has selected the balance of a mixed-use project in Collin County’s Creekwalk Village to launch Aperture Next-Gen Laboratory Enterprises, a coronavirus diagnostic, research and development facility. The lab will open Aug. 1 in 4,780 SF of move-in ready space at 609 W. 15thSt. in Plano. Leigh Richter of Bradford Commercial Real Estate Service represents the landlord, Suriya Legacy, LP, along with her husband, Paul Richter, also with the Dallas-based brokerage firm.
DALLAS – Dalfen Industrial announced that Goldman Sachs Merchant Banking Division is buying a stake in a 46-property last mile industrial portfolio. The portfolio of over 6.3 million SF caters to e-commerce-oriented tenants and is proximate to major population centers and/or key logistics corridors. The portfolio provides distribution and fulfillment space in numerous major MSA’s such as: Atlanta, Dallas, Chicago, Orlando, Phoenix, Raleigh, Houston, Tampa, Baltimore, Minneapolis, Cincinnati, Columbus, Reno and Jacksonville. It has 94 percent occupancy and an average property size of 126,000 SF.
RNR Real Estate Briefs
CHICAGO .— Lee & Associates was named broker on Chicago’s Crown Jewel of Lake Pointe Tower. Rick Scardino, principal at Lee & Associates of Illinois will market the 7,536 SF high-rise which includes restaurant offices, a kitchen prep room and storage spaces on the second floor. Total square footage on the 70th floor is 4,706. The building is on the market for the first time in some 50 years, Dr. Dame Evangeline Gouletas, owner of Cité Chicago, the circular fine dining restaurant at the top of Lake Pointe Tower, is bringing Cité’s glamourous journey to a marvelous end. This will allow the space to move on to its next evolution. That decision will be left to its new owners.
BRADENTON, Fla. – Marcus & Millichap has announced the sale of Sarabay Plaza, a 37,601 SF retail property. The asset sold for $2.4 million.
AUSTIN – Austin-based Virtus Real Estate Capital bought an office building in Minnesota. JLL Capital Markets arranged the $26.6 million acquisition loan for UnitedHealth Group’s Optum Campus, a 473,325-square-foot fully leased office campus at 13625 & 13675 Technology Dr. in Eden Prairie, Minnesota. JLL worked on behalf of the borrower, Virtus, to place the 10-year, full-term, fixed-rate loan from a CMBS lender.
August 1, 2020 Realty News Report Copyright 2020
File: RNR Real Estate Briefs. File (2) RNR Real Estate Briefs HOU, DAL, AUS, SAT, MDW, SRQ, MCO, MSP