RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs – (Realty News Report) – FRIENDSWOOD, Texas – Wellby Financial will break ground on a five-story, 102,246-SF headquarters at 19130 Gulfbrook Drive at Baybrook Center in Friendswood. The project will include a first-floor branch and connected parking garage, with capacity for 400 to 500 employees. The project team includes Griffin Partners as developer, Powers Brown Architecture, and Harvey Cleary. Completion is planned in October 2028. Wellby was founded in 1961 as JSC Federal Credit Union and now has more than 135,000 members.

HOUSTON – KB USA Properties, the investment arm of Kingsley Beverages USA, acquired two manufacturing buildings totaling 63,250 at 14406 and 14420 Wagg Way in Houston. Jason Tangen and Barrett Gibson of Colliers represented the buyer. The properties were 100% leased. Kingsley Beverages is a global beverage company offering soft drinks, energy drinks, and sports drinks with offices in Dubai, Johannesburg, Peterborough and Houston.

HOUSTON – Griffin Partners has acquired a site near Chimney Rock Road and McHard Road in southwest Houston for a proposed three-building, 872,125-SF industrial development. Griffin Partners will lead the development, which is expected to break ground in February 2027.

HOUSTON – Nan & Company Properties, the Houston affiliate of Forbes Global Properties, has opened its new office in The Woodlands. Since beginning operations in The Woodlands in March 2024, the brokerage has established a growing presence in the market, generating $100 million in real estate sales in 2025. The new office spans 2,890 SF at 10001 Woodloch Forest Drive. The company previously operated from a suite at LifeTime Works. Nan & Company Properties has grown to 22 agents in The Woodlands, most recently adding Noel Collier, who joins from Keller Williams Realty Professionals, and Holly Flaskcamp, who joins from Compass.

Nan & Co. Woodlands office — Nan & Co. has opened in The Woodlands. Jared Hernandez Nan Studios courtesy photo.

HOUSTON – O’Melveny & Myers has moved to a new office at TC Energy Center, 700 Louisiana, in downtown Houston. The law firm, which opened in Houston in 2022 and has more than 40 employees, now occupies 43,000 square feet across two floors in the building.

CYPRESS, Texas – ATI Physical Therapy leased 2,348 SF in Fairfield Marketplace, located at the intersection of Highway 290 and Mason Road, Cypress, from NewQuest. Leni Sandoval of NewQuest represented the landlord. Travis Lawrie of Falcon Realty Advisors and Chris Reul of Palo Duro Commercial Partners represented the tenant.

RICHMOND, Texas – ATI Physical Therapy leased 2,500 SF in Grand at Aliana, located at the intersection of W. Grand Parkway S. and W. Airport Boulevard, Richmond, from NewQuest. Ben Postma and Josh Friedlander of NewQuest represented the landlord. Travis Lawrie of Falcon Realty Advisors and Chris Reul of Palo Duro Commercial Partners represented the tenant.

Texas

HUTTO, Texas – Blue Origin announced plans for new manufacturing campus named Constellation Park in Hutto. The 1.3‑million‑SF multi-facility complex will serve as a central production hub for several of the company’s most ambitious satellite and communications programs. Blue Origin manufactures and operates rocket engines, reusable launch vehicles, lunar landers, and satellite systems.

DALLAS – Southwest Fitness Holdings LLC, a subsidiary of Crunch Fitness franchise group CR Fitness Holdings, announced the opening of Crunch Garland, its 15th location in the Dallas-Fort Worth area. The newly built, 34,589-SF fitness center represents a $5 million investment.

BALCH SPRINGS, Texas – Finial Group has sold the Limestone Portfolio, a four-building, 86,250-SF industrial facility in Balch Springs, Texas, to an owner-user.

Nation

HOUSTON – Hines Global Income Trust is expanding its U.S. portfolio through three acquisitions totaling more than $500 million. The deals include Bishop Arts Portfolio, a mixed-use property with 539 multifamily units and 49,000 SF of retail in Dallas; 99 West Paces, a 312-unit multifamily tower Atlanta; and Castings Commerce Center, an 862,000-SF industrial portfolio in Columbus, Ohio.

BRENTWOOD, Tenn. – Brookdale entered into an agreement with Welltower Inc. to acquire 30 currently leased communities (1,152 units) for $290 million. The transaction is expected to reduce 2027 annual cash rent payments by $17.8 million.

LAWTON, Okla. – The Multifamily Group, a Dallas-based commercial real estate brokerage firm, announced the sale of Country Club View, a 229-unit multifamily community in Lawton, Okla. Built in 1966, the property is on West Gore Boulevard, adjacent to the Lawton Country Club. Yonnic Land represented both the buyer and seller in the transaction.

ATLANTA – Finial Group signed a long-term lease with Time Manufacturing Holdings for a 28,995-SF industrial facility at 4410 Wendell Drive SW in Atlanta. Kevin Coleman, Bubba Sasdi, and Brandon Cade represented Finial Group.

THE RALPH BIVINS PROJECT PODCAST

LISTEN: THE RALPH BIVINS PROJECT with Joe Rothchild and Jana Hayes with Keller Williams Houston Central

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LISTEN: THE RALPH BIVINS PROJECT with Mike Spears of Lee & Associates Houston

LISTEN: THE RALPH BIVINS PROJECT with Bob Parsley of Colliers Houston

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LISTEN: THE RALPH BIVINS PROJECT with David Hightower of Midway

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