RNR Real Estate Briefs: HOU, DAL, AUS, SAT, PHX

HOUSTON – (RNR Real Estate Briefs )- Colliers International’s Design and Construction Advisory Services team will provide project management services to PCS Software Inc., which leased 25,772 SF at 2103 City West Blvd. The landlord, PKY-2101 CityWest 3&4, LP, was represented by JP Hutcheson of Parkway Property Investments. Jay Kyle and Bob Parsley of Colliers International represented the tenant. Colliers will be working alongside Ziegler Cooper on the project.

DLR Group leased 9,000 SF of office space at 1000 Louisiana St. in downtown Houston.Marilyn Guion and Warren Savery of CBRE represented the landlord, Metropolitan Life Insurance Co.

NAI Partners’ Investment Fund platform sold the Leghorn Service Center, a three-building, 66,530 SF industrial park in Houston. NAI acquired the assets in 2019 through NAI Investment Fund II. The JLL team of Charlie Strauss, Trent Agnew and Katherine Miller was listing broker in the transaction and procured the buyer.

Vee Express leased 114,492 SF of industrial space at 8503 City Park Loop. Jason Dillee of CBRE represented the landlord, Centerpoint Properties Trust. Bob Berry and Grant Hortenstine of Savills represented Vee.

Nga Pham of May Food Produce Wholesale bought 5.8 acres of land where a food facility will be construction. The site is at the NWC of Stancliff Road and Brooklet Drive. Jane Nguyen and Kimchi Nguyen of Alpha Realty represented the buyer. William Rudolf and Kyle Golding of CBRE represented the seller, Abundmer Inc.

Transwestern Real Estate Services has been engaged by Sidra Real Estate to provide office leasing services for two buildings in Houston’s Riverway submarket: 2 Riverway, a 369,479 SF office building, and 4900 Woodway, a 122,899 SF office structure. The Transwestern office leasing team of Louann Pereira, Doug Little and Matthew Seliger will represent Sidra.

John S. Wall Jr. and Maury Bronstein of 1912 Ventures represented Tetrasolv Filtration in two transactions. 1912 Ventures sold the company’s 62,814-SF service center on 1.6 acres in East Downtown, 401 North Velasco St.  Also, 1912 represented Tetrasolv in the purchase of a 61,460-SF industrial facility in southwest Houston at 14549 Minetta Street. The timing of both transactions was coordinated by 1912 Ventures to allow a single move of the company’s operations. The Velasco St. buyer was represented by Bill Garcia of Carlos Garcia Realty and the seller of the Minetta Street property was represented by Trey Erwin and Robert McGee of Lee & Associates.

John Hornbuckle of Cypressbrook Company represented the tenant, EN Group Corporation, in leasing 25,368 SF at 1819 Turning Basin Drive. David Munson of Boyd Commercial represented the landlord, First Industrial Texas, LP.

Linda Crumley of The J. Beard Real Estate Co. recently represented NW Oral Surgery in the sale of a 2,500 SF medical office to Texas Orthopaedic & Sports Medicine. The office is located at 2827 Waterbend Cove in Spring. The buyer was represented by Rob Banzhaf of Newcor Commercial Real Estate.

NAI Partners recently arranged a 1,540 SF retail lease for Arcpoint Labs of Spring at 2520 Research Forest Drive. NAI Partners’ Laura Diggs represented the tenant

Kimberly DeVos of Cypressbrook Company acted as intermediary between the landlord, 108 Commercial Circle, LLC, and the tenant, NanoSeal, LLC,in leasing 2,656 SF of office space at 108 Commercial Circle in Conroe.

Sonny Bazbaz of BBZ Development has purchased an acre at 1908 Johanna in Houston. The firm plans to develop and build townhomes on the property. BBZ has developed townhomes in several areas of Houston. The owner was represented in the transaction by Emil Wulfe of Wulfe & Co.

Supreme Plant Services leased 11,900 SF at 10425 Moers Road. Zane Carman and Clay Pritchett of NAI  Partners represented the landlord. Colliers International’s Barrett Gibson represented the tenant.

TEXAS – RNR Real Estate Briefs

Freedom Forever Texas, LLC, has signed a lease for 16,364 SF of industrial space at 4940 Eisenhauer Road in San Antonio. John Grady with CBRE in Phoenix represented Freedom Forever Texas. The landlord, Prologis Na2 Texas, LLC, was represented by Josh Aguilar with CBRE in San Antonio.

DALLAS — Gardner Capitala family-owned private equity firm specializing in multifamily housing and renewable energy development, completed  a seven-building, 96-unit multifamily community called Provision at North Valentine in Hurst, Texas.

TLC Kids’ Center Inc. has expanded its San Antonio presence with a new lease for 6,821 SF of office space at 212 East Ramsey Road in San Antonio. Charlie Weil and Licia Shreves of Transwestern represented TLC Kids’ Center. Kyle Gunter and Travis Wright with CBRE in San Antonio represented the landlord, Soledad NFLP,  LLC. 

JLL Capital Markets closed the sale of and arranged acquisition financing for the Park at Rialto, a newly constructed, 274-unit, garden-style multi-housing community built by GenCap Partners, Inc. in the northwest part of San Antonio. Covenant Capital Group purchased the asset from GenCap in a JLL-brokered transaction.

DALLAS — Mohr Partners, a global corporate real estate services firm, has signed a long-term renewal of its headquarters lease of 20,000 SF at Wellington Centre in the Galleria sub-market of Dallas. Mohr Partners CEO Robert Shibuya said: “With the majority of our peer group companies moving to a highly dense open-plan environment to drive cost savings, we have decided to take a contrarian workplace strategy and add more private offices to allow for social distancing and greater privacy for our team members.’”

BEDFORD, Texas — MedCore Partners, a national healthcare real estate development and brokerage firm headquartered in Dallas, has announced the groundbreaking of its latest project, Bedford Medical Plaza. The new medical office building will consist of 25,200 SF on 3.2 acres.

Acting as real estate advisor for Stage Stores, Inc., A&G Real Estate Partners is now accepting bids on the retailer’s Jacksonville, Texas distribution center and two other properties. The Houston-based Stage Store chain filed for voluntary Chapter 11 bankruptcy in May 2020. A&G is marketing a 435,196 SF facility at 506 Beall Blvd. in Jacksonville, on a 42.5-acre parcel that includes undeveloped land.

Superior Hail Repair has signed a short-term lease for 17,320 SF of industrial space at 12029 Warfield in San Antonio. Justin Roberts with CBRE in San Antonio represented the landlord, Byco, Inc.

NATIONAL – RNR Real Estate Briefs

JLL Capital Markets closed the $46.2 million sale of a two-property office portfolio totaling 223,249 SF in the northern part of Scottsdale, Ariz., on behalf of Equus Capital Partners.  Both buildings are adjacent to the HonorHealth Scottsdale Shea Medical Center, a 433-bed, full-service acute care hospital, which is the eighth largest employer in the state.

92 Mountain View in Scottsdale, Ariz., was purchased for $19.2 million by Exeter Property Group. The 116,200 SF asset is nearly 89% leased to CVS Caremark.

Aug. 9, 2020 Realty News Report Copyright 2020

File: RNR Real Estate Briefs File: RNR Real Estate Briefs HOU, DAL, AUS, SAT, PHX




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