HOUSTON – (RNR Real Estate Briefs) — NAI Partners arranged an 18,573 SF industrial lease for Modern Chemical, LLC, at 1103 East Airtex in Houston. NAI Partners’ Jon Silberman represented the tenant and Travis Land, also with NAI Partners, represented the landlord.
PEARLAND — Colliers International handled the sale of Pearland Premier Surgical Center, a 10,623 SF ambulatory surgical center at 2813 Smith Ranch Road in Pearland. Beth Young of Colliers International represented the seller, CMAS Interests. The center is on four acres near Broadway Street and Highway 288, 12 miles south of the Texas Medical Center.
HOUSTON – The Port of Peri Peri, a national restaurant brand specializing in flame grilled chicken, leased 2,500 SF at The Shops at Vintage Lakes, at 10850 Louetta Road. Rusty Lilley and Jazz Hamilton with CBRE in Houston represented the landlord, 2ML Real Estate Interests. The Port of Peri Peri was represented by Joel Miller of SVN Landmark Commercial Real Estate.
HOUSTON – On behalf of The Menninger Clinic, JLL announced it was selected to manage development of a new 33,000 SF outpatient services center on Menninger’s 50-acre campus on Highway 90, south of the Texas Medical Center.
KATY — Avison Young announced it has negotiated a lease extension and expansion of office space for LJA Engineering, Inc., to 38,357 SF at 1904 W. Grand Parkway North in Katy. Anthony Squillante and Dustin Devine represented the tenant.
LEAGUE CITY – Salon Naturale, LLC, has purchased a .6-acre development site at 2924 W. Walker St., League City, Texas, from JMK5 Holdings. Ronnie L. Miranda of 713CRE represented the seller. Erica Nava of JEA Properties represented the buyer.
HOUSTON — NAI Partners recently arranged a 1,642 SF office lease renewal for LaneStaffing at 2211 Norfolk St. in the Greenway Plaza submarket of Houston. NAI Partners’ Jason Whittington from the company’s Tenant Rep Group worked for the tenant. Guy Brown with Texas Overland Company represented the landlord.
CLEAR LAKE CITY – Envision Title Co. has leased 3,369 SF of office space in The Cimarron Building, 1331 Gemini Ave. in Clear Lake, from Joya Investments. Ronnie L. Miranda of 713CRE represented the landlord. Coy Davidson of Colliers International represented the tenant.
HOUSTON – Alabama-based casual chicken salad restaurant Chicken Salad Chickhas opened at Pearland Parkway Marketplace, a new center at 2110 Pearland Parkway. Developed by Houston-based Gulf Coast Commercial Group, the 17,500 SF center is 50% leased. Chambliss Design Associates was the restaurant architect and Bluestone Partners was general contractor for the build out.
HOUSTON – NAI Partners arranged the sale of 9100 Caniff, a 16,500 SF freestanding industrial building on 2.2 acres in Houston. NAI Partners’ Joel Michaelr epresented the buyer, RL3 Properties,
HOUSTON — The Round Top Collection has leased 2,100 SF in Baybrook Village at I-45 and Bay Area Boulevard, Houston. Elise Weatherall of Wulfe & Co.represented the landlord and Debbie Adams of Edge Realty Partners represented the tenant.
HOUSTON – FalconView Energy Products, LLC, renewed a 20,331 SF industrial lease at the Four Seasons Business Park in Houston. John Buckley and Jack Gaffney of Finial Group represented the landlord.
G. Miller Engineers recently completed site work on Haven at Elgin, a high-rise student housing project by Guefen Development Partners located at Elgin and Milby streets near the University of Houston’s main campus.
Little Darlings Day Care, LLC, has leased 2,310 SF of office space at 4560 FM 1960, Houston, from USA Precision Group USA. Ronnie L. Miranda of 713CRE represented the landlord.
NAI Partners’ Jorge Martinez and Clare Flesher represented the tenant, Healthline Medical Equipment, in an 8,600 SF industrial lease at 4500 N. Sam Houston Parkway W. in Houston.
The Epilepsy Foundation of Texas renewed its lease in a 5,571 SF office space at 2401 Fountainview Drive in Houston. Finial Group represented the landlord.
HOUSTON– Dallas-based Vari, a workspace company that took sit-stand desks mainstream, opened a showroom in Memorial City. “Houston is one of the nation’s largest economies with thriving, high-growth businesses, so it’s a key market where we plan to grow and invest,” said CEO Jason McCann.
TEXAS
AUSTIN — Newmark announces the sale of The Aspect by Cortland, a 308-unit multifamily asset in the East Riverside district of Austin. Newmark Vice Chairman Patton Jones represented the seller, Atlanta-based Cortland. The buyer was CAF Capital Partners, a Dallas-based private equity real estate firm.
SAN ANTONIO – NAI Partners’ Jorge Martinez and Graham Peavey represented the tenant, VIP Petcare, in a 3,960 SF office lease at Blossom Business Park in San Antonio.
GRAPEVINE, Texas — E&A TransPros Inc. has leased 19,643 SF of industrial space in Hanover 4, 801 Hanover Drive, Grapevine, from Prologis Inc. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the tenant. Gil Stroube of Lincoln Property Co. represented the landlord.
AUSTIN — JLL Capital Market arranged $27.1 million in acquisition financing for the purchase of the 230-unit Cannon Oaks Apartments in Austin. JLL worked on behalf of the borrower, Old Three Hundred Capital, to secure the loan through Prime Finance. ArrowMark Partners was engaged as a capital partner. The JLL Capital Markets team representing the borrower included Marko Kazanjian, Chris McColpin, Rob Hinckley, Jackson Finch and Andrew Cohen. Old Three Hundred Capital Partners William Gottfried, Paolo Boero and Nicholas Yarnallr epresented the company in-house. The ArrowMark team was led by Rob Brown and Nathan Rillstone.
FORT WORTH – The historic Fort Worth Star-Telegram building in downtown Fort Worth is for sale. Younger Partners has the listing.
ADDISON, Texas — Cushman & Wakefield has been engaged by the Town of Addison to solicit proposals for a master developer for an estimated 18-acre high-density, transit-oriented development opportunity within the Addison Circle urban district surrounding DART’s future Silver Line rail station.
FORT WORTH – Sector 5 Digital LLC has renewed a lease for 8,515 SF of flex office space in Centreport Place II, 4300 Amon Carter Blvd., Fort Worth. Jim Ferris of Bradford Commercial Real Estate Services represented the tenant. Michael Pienado of Lincoln Property Co. represented the landlord, Columbia Texas Amon Carter Industrial, LP.
AUSTIN — NAI Partners recently arranged a 9,145 SF office lease for Geospace Technologies Corporation at 8701 Cross Park Drive in Austin. The firm designs and manufactures scientific instrumentation and equipment for the global petroleum industry. NAI Partners’ Chris Caudill and Troy Martin represented the tenant. Jay Legg with MFB Real Estate represented the landlord, 5205 Acquisitions, LLC.
NATIONAL
DUNWOODY, Ga. – Miami, Fla.-based Atlantic Pacific Companies bought the 312-unit Parc at Dunwoody Apartments in Dunwoody, Ga. The property marks A|P’s fifth acquisition within the company’s third private equity fund, Blue Atlantic Partners Fund III. With this acquisition, A|P’s portfolio in the metro-Atlanta area now totals more than 5,000 units.
NEW YORK, N.Y. — Empire State Realty Trust, Inc. announced that Centric Brands leased 212,154 SF at the Empire State Building. Peter Riguardi, Joseph Messina and Cynthia Wasserberger from JLL represented Centric Brands. Landlord representation was provided by Anthony E. Malkin, Ryan Kass and Shanae Ursini from ESRT.
ORLANDO, Fla. — TerraCap Management, LLC, a privately held investment firm with headquarters in Estero, Fla., announced the acquisition of Orlando International Business Center in Orlando, Fla. for $24 million. The centeris made up of six single-story office/flex buildings totaling 196,000 SF.
MIAMI –As condo sales stagnate in major US markets, a new online platform has launched to help cash-strapped developers to confidentially sell condos in bulk to reduce mounting inventory and recapitalize. BulkCondoDeals.com connects sellers with real estate investors looking for opportunity buys in cities such as Miami, New York, Chicago, Mexico City and other major cities around the world.
OAKLAND, Calif. – Rockpoint Group and The Swig Company sold 300 Lakeside, a 1 million SF office complex in Oakland’s Uptown District. The buyer is a venture led by San Francisco-based TMG Partners. Rockpoint and Swig will retain an interest.
Oct. 24, 2020 Realty News Report Copyright 2020
File: Real Estate Briefs – HOU, DAL, AUS, SAT, MIA, ATL, JFK, MCO, OAK
File: (2) Swig, TMG, CBRE, Colliers International, NAI Partners, Lincoln Property. Cushman & Wakefield. Real Estate Briefs – HOU