RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report LA PORTE, Texas – Johnny Carson Family Trust acquired a 4,700-SF medical office property at 404 W Fairmont Parkway in La Porte. Partners Real Estate’s Ryan McCullough, Connor Watson, and Davis Amanyisye represented the seller, NRDP Corp. Evan Altemus, Will Kane and Andrew Leibman, also with Partners, represented the buyer.

SUGAR LAND, Texas — Oxford Partners recently represented Biz-Metric Partners, Inc., in the lease renewal and expansion of 4,192 SF at 1650 Highway 6 in Sugar Land. Oxford Partners’ Ryan Hartsell represented the tenant. The landlord, Buchanan Street Partners, was represented by Louann Pereira of Transwestern Real Estate Services.

HOUSTON — Shawn Ackerman of Henry S. Miller has successfully secured the last available space at Harmon Commons. R&B Tea will now occupy the 1,004 SF space, completing the 100 percent leasing of the property.

HOUSTON — NewPoint Real Estate Capital has provided a Freddie Mac Targeted Affordable Housing loan to refinance Stadia Med Main Apartments for Aspen Oak Capital Partners, a multifamily owner/operator focused on essential housing communities. Stadia Med Main Apartments is a four-story, 338-unit community built in 2020 in Houston’s Medical Center submarket. NewPoint worked with Barry Lefkowitz of Meridian Capital Group, which represented the borrower.

HOUSTON – Anderson Canyon, an architectural firm, signed a 3,108 SF lease at 7026 Old Katy Road in The Houston Design Center. Ed Ayres of Houston Realty Advisors, Inc. represented the tenant. Jeff Lindenberger and Faith Pate represented the landlord, MLB Capital Partners.

HOUSTON – South Winstone, LLC, a design firm, has signed a 16,850 SF lease at 640 W 6^thSt. in the White Oak Station of Houston. Ed Ayres of Houston Realty Advisors represented the tenant. Ori Batagower with The Deal Company represented the broker.

LA MARQUE, Texas – Marcus & Millichap announced the sale of Texas Boat & Self Storage, a 53,675 SF self-storage in La Marque. The 179-unit property sits on about 3.81 acres. Dave Knobler and Charles “Chico” LeClaire represented the seller.

SHENANDOAH, Texas – Oxford Partners represented Therapy Space in the lease of 4,693 SF at 19221 Interstate 45 in Shenandoah. Oxford Partners’ Vincent Vega represented the tenant. The landlord, RP Southwood, LP, was represented by Terri Torregrossa of Avison Young.

HOUSTON — Marcus & Millichap announced the sale of AA Storage at Ruland Road, a 49,539 SF self-storage located in the Spring Valley area, according to Ford Noe, regional manager of the firm’s Houston office.

HOUSTON — A 1.2-acre parcel of land at Little York Road just west of Highway 6 has been sold. The buyer, Jose Hererra, was represented by Daniel Greco of Clark Gains Properties and intends to build a car wash on the property. The seller, Apadana Inc., was represented by Cotton Munson of Davis Commercial.

HOUSTON — The Howard Hughes Corporation announced the debut of Longwing Landing, a 4.5-acre park and recreational activity area in Prairieland Village in Bridgeland, one of the top-selling master planned communities in Texas. Longwing Landing is the third of Bridgeland’s four planned village recreational activity areas and the newest addition to amenities located throughout the community.

HOUSTON — Pho Huy Noodle House, a Vietnamese restaurant, has leased 2,500 SF in the North Gessner Plaza Shopping center at 2420 N Gessner. The landlord was represented by Wes Miller of Wulfe & Co.

MISSOURI CITY, Texas – Partners Real Estate arranged a 15,000-SF industrial lease with Ekkovision, LLC at 1519 Industrial Drive in Missouri City. Partners’ Darren O’Conor represented the landlord, Bison Warehouse LLC in the transaction.

TEXAS — RNR Real Estate Briefs from Realty News Report

AUSTIN — Newmark completed the sale of Autumn Ranch on Swenson Farms, a 336-unit, value-add multifamily asset in Pflugerville, Texas, in Austin’s Silicon Hills. Newmark’s Patton Jones and Andrew Dickson represented the seller, MIG Real Estate, in the sale to purchaser Knightvest Capital. Autumn Ranch was 94 percent occupied at the time of sale and represents Newmark’s third time selling the asset in 12 years.

MANSFIELD, Texas – Flix Brewhouse, the world’s first-run cinema brewery, opened its newest location at The Shops at Broad, one of Tarrant County’s newest major shopping destinations. This marks the nine-screen luxury theater’s 10^th location across six states and its fifth location in Texas. The theater is scheduled to open in the fall. Flix Brewhouse signed a 15-year lease for a nearly 40,000 SF facility.

BROWNSVILLE, Texas – Jetstream RV Resort announced the rebranding of Tropical Trails RV Resort to Jetstream RV Resort – Tropical Trails. Located at 3605 FM 511 in Brownsville, Jetstream RV Resort – Tropical Trails was acquired by Houston-based CityStreet Residential, a major multi-family and recreational vehicle resort developer.

DALLAS – Humphreys & Partners Architects, a Dallas-based architectural firm specializing in multifamily design, has opened a new office in St. Petersburg, Fla.

AUSTIN — Bellagreen, an American bistro, has leased 3,310 SF at The Grove, a mixed-use community at 45th Street and Bull Creek in the heart of Central Austin. Britt Morrison with Weitzman handled negotiations for The Grove for that location. Gill Nuss with Investar Real Estate Services, Inc. represented the restaurant.

FARMERS BRANCH, Texas – Colt Facility Maintenance, LLC, has leased 18,445 SF of flex space in Westwood Business Park, 1801 Royal Lane, Farmers Branch, PRE Westwood, LLC. Jason Finch of Bradford Commercial Real Estate Services represented the landlord in the direct deal.

SAN ANTONIO – Partners Real Estate arranged the sale of a 4,974-SF office property at 21210 Market Ridge in San Antonio. eXp’s Seth Prescott and Partners’ Dan Gostylo represented the buyer, Murph Investments LLC. Endura Advisory Group’s Haley Ruggles and David Held represented the seller, Sitterle Homes, Ltd.

LEWISVILLE—A Dallas-based LLC has acquired a 48,427 SF retail anchor building at Valley Square Shopping Center near IH-35 E. The building, which shadow anchors the Lewisville center, is the site of a planned specialty Hispanic grocery store. Gretchen Miller and Mike Allen with Weitzman handled negotiations.

SAN ANTONIO – Partners Real Estate arranged the sale of 6 lots totaling 1.76 acres at 809 Oblate Drive. Partners’ Dan Gostylo represented the buyer, Martin Development Group, LLC. Cano & Company’s Denis Cano represented the seller, School of Excellence in Education, a Texas non-profit corporation.

NATIONAL — RNR Real Estate Briefs from Realty News Report

PHOENIX, Ariz. – Cushman & Wakefield announced that Texas-based Lucid Private Offices leased a full floor totaling 26,910 SF at 24th At Camelback II, a Class A office building along the Camelback Corridor in Phoenix, Ariz. The trophy asset is owned and was developed by the partnership of Hines and Invesco Real Estate.

CASA GRANDE, Ariz. — NRS Logistics America, a national provider of chemical and gas logistic services, closed on 40 acres in Casa Grande, Ariz., for $7.05 million. The sale includes four acres of rail right of way. Land Advisors Organization Pinal County specialists Kirk McCarville and Trey Davis represented the seller, Auza Ranches.

CHARLOTTE, N.C. — Wood Partners announced the grand opening of its newest apartment community — the 308-unit Alta West Morehead in Uptown Charlotte.

CHARLESTON, S.C. – National developer Portman purchased 40 acres of land to develop Summerville Logistics Center, a two-building industrial campus with 536,000 SF in Charleston, S.C. Lee Allen and Kevin Coats with JLL represented Portman in the acquisition of the Summerville land. Ryan Welch and Clarke Attaway with Lee & Associates represented the seller and will lead the leasing on behalf of Portman.

ATLANTA, Ga. – Transwestern Real Estate Services has brokered the sale of a Class A, 26,216 SF medical office building at 2976 Chapel Hill Road in Douglasville, Ga. Kevin Markwordt and Steve Hall represented the seller, WDG Real Estate Partners, in the sale to LOR-PUC Douglasville, LLC, for $11.2 million, or $428 per SF.

ETC.

HOUSTON – NAREB – THE NATIONAL ASSOCIATION OF REAL ESTATE BROKERS – will hold its national convention in Houston next week. Marcia L. Fudge, Secretary of the U.S. Department of Housing and Urban Development, is the keynote speaker. NAREB was formed in 1947 to secure equal housing opportunities regardless of race, creed, or color. NAREB has advocated for legislation and supported or instigated legal challenges that ensure fair housing, sustainable homeownership, and access to credit for Black Americans. Simultaneously, NAREB advocates for and promotes access to business opportunities for Black real estate professionals in each real estate discipline. From the past to the present, NAREB remains an association proud of its history, dedicated to its chosen struggle, and unrelenting in its pursuit of the REALTIST®’s mission/vision embedded goal, “Democracy in Housing.”

HOUSTON – Griffin Partners, an entrepreneurial commercial real estate investment, development and property management firm, announced that 16 of its properties were named winners of the 2023 Kingsley Excellence Awards, which recognize CRE organizations that continually exceed industry standards.

File: RNR Real Estate Briefs

RNR Real Estate Briefs are published by Realty News Report