RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report – (Realty News Report) – KATY, Texas – CBRE announced that Johnson Health Tech, a fitness and wellness company that manufactures and sells exercise equipment, has signed a 343,760 SF lease at Pederson Logistics Center. Jacob Westfall with CBRE in Atlanta and Boomer White with CBRE in Houston represented Johnson Health Tech. The landlord, Triten Real Estate Partners, was represented by CBRE’s Jason Dillee and Nathan Wynne. Johnson Health Tech, headquartered in Taiwan and Wisconsin, plans to bring many new jobs to the area for its new distribution facility at 574 Pederson Road near I-10 in Katy.

HOUSTON – Fritsche Anderson Realty Partners announced the sale of an 84,000-SF office building located at 509 N Sam Houston Parkway E. The buyer, 509 SHB Holdings LLC, and seller, Sam Houston Plaza LLC, were represented by Brandon A. Wuntch, Drew Altmann and Jim McGonigle of Fritsche Anderson. The building is situated on 4.8 acres in the North Houston office submarket near I-45 and Beltway 8.

DAYTON, Texas – Cushman & Wakefield represented Liberty Development Partners in selling 55 acres at Gulf Inland Logistics Park to OmniSource for a new metals recycling facility. Cushman & Wakefield’s John Littman, Kelley Parker III, and Coe Parker, represented Liberty Development Partners, while Michael Keegan and Andrew Laycock of Partners Real Estate represented OmniSource. Located south of U.S. Highway 90 at Grand Parkway in Dayton, GILP is a 2,400-acre, rail-served mega site.

SPRING, Texas – Transwestern Real Estate Services negotiated a 24,500 SF lease at Old Town Spring Business Park on West Hardy Road on behalf of H2O Innovation, a large water solutions company based in Quebec City. Transwestern’s Nathan Donahue represented H2O Innovation. The landlord was represented by Todd Jurek of Keen Realty Group.

DAYTON, Texas – The Lagoon Development Company, a developer specializing in large-scale lagoons for water-related activities, has broken ground on the 40-acre Angel Lagoon in Dayton, near Houston. It will open in 2024.

HOUSTON – Partners Real Estate arranged the sale of 0.8 acres of land located at 1714 and1722 W Alabama Street, just west of Dunlavy, near H-E-B . Partners’ Taylor Wynn represented the seller, Mitchmore Living Trust.

HOUSTON – Marcus & Millichap announced the sale of Bellfort Plaza, a 16,241-SF retail property at 10310 West Bellfort Street. James H. Bell, Watt Harrison and Luke Stavinoha, investment specialists in Marcus & Millichap’s Houston office, had the exclusive listing.

NASSAU BAY, Texas — Floss Dental has leased 2,772 SF in Nassau Bay Town Center at 1846 E. Nassau Parkway. The tenant was represented by Kristen Barker of Edge Realty Partners and the landlord was represented by Wes Miller of Wulfe & Co.

THE WOODLANDS, Texas — Vision Source has leased 2,412 SF of space on the first floor of East Shore Place, a development of Wulfe & Co. at the northwest corner of Grogans Mill Road and East Shore Drive in The Woodlands. Vision Source at East Shore, owned by optometrist Emil Fadel, was represented by Courtney Clouser of CB&A Realtors. The landlord was represented by Katherine Wildman of Wulfe & Co.

TEXAS – RNR Real Estate Briefs from Realty News Report

SAN ANTONIO – Shawn Ackerman of Henry S. Miller in Houston represented the buyer, Mimco Properties, in the acquisition of the 182,713 SF Walzem Plaza in San Antonio. The seller was Silver Star Properties. Walzem Plaza is in the 5400 block of Walzem Road in northeast San Antonio.

PLANO, Texas — JLL announced that Sentry Insurance leased 11,400 SF of office space for its new regional office at Apex at Legacy, a Class AA office tower at the Tollway and Headquarters Drive. The structure measures 210,000 SF across 14 floors. Apex also plans to deliver an additional 20,000 SF of spec suites in the first quarter of 2024. JLL’s Gini Rounsaville, Michael Williams and John Brownlee represented the landlord. Neil Ross, Conor McCarthy and Pat Madsen represented the tenant.

GRAND PRAIRIE, Texas — JLL Capital Markets arranged the sale of a two-asset, industrial portfolio totaling 144,500 SF near Dallas. JLL represented the seller, Oxford Properties, and procured the buyer, Berkeley Partners. The JLL Capital Markets Investment Sales team included Trent Agnew, Pauli Kerr, Charlie Strauss, Lance Young and Brooke Petzold.

AUSTIN – Partners Real Estate arranged a 1,784-SF retail lease renewal with Prime Communications located at Trails at 620, a 147,593-SF retail property at 8300 N FM 620 in Austin. Partners’ Kevin Murphy and Chad Wallace represented the landlord, Partners Capital.

GARLAND, Texas – Jeff McVaney of Partners Real Estate arranged a 2,876-SF lease with AKNM, Inc. located on Forest Lane. The landlord was represented by Stephen Cooper with NAI Robert Lynn.

SAN ANTONIO – Partners Real Estate arranged an industrial lease with Central Power Systems & Services at 203 S WW White. Partners’ Carlos Marquez and Colten Courtney represented the landlord, Texas Emeraud, LTD. Partner’s Dan Gostylo and Paul Fogel of Karbank Real Estate Company represented the tenant.

NATIONAL — RNR Real Estate Briefs from Realty News Report

POMPANO BEACH, Fla. – Rockpoint, a Boston-based real estate private equity firm, will develop 1.5 million SF of industrial property in Pompano Beach. It’s part of a 223-acre development called The Pomp which The Cordish Companies and Caesars Entertainment are developing as a destination with 10 million SF of entertainment, hospitality, retail and residential. Anchors such as TopGolf will open soon and the development of Live! at The Pomp is underway.

SALT LAKE CITY, Utah — Cushman & Wakefield has brokered the sale of 2.32-acres in downtown Salt Lake City. The site incorporates a one-acre parking lot and a vacant data center with 305,000 SF on 1.3 acres. The property was acquired by Dart Interests for $19.66 million.

GREENSBORO, N.C. — Tanger, the operator of upscale, open-air shopping centers, acquired its 38th shopping center, the 382,000-SF Asheville Outlets in Asheville, N.C. Tanger acquired the center for $70 million.

ETC. — RNR Real Estate Briefs from Realty News Report

Pizza Guys to Open 150 Stores in Texas

SACRAMENTO, Calif. — Pizza Guys – the Sacramento-based pizza franchise firm — intends to open 150 stores by introducing more than 50 locations in the Dallas/Fort Worth area, more than 50 stores in the Houston area, 20 stores in the San Antonio area and 20 in Austin. “We are planning to take on the Texas market by storm by opening up to 150 locations with dedicated high working entrepreneurs,” said Shahpour Nejad, CEO and co-founder of Pizza Guys.

NFL’s Terry Bradshaw Sells Ranch

THACKERVILLE, Okla- — The Icon Global Group announced the sale of the Bradshaw Ranch, owned by legendary NFL quarterback and host of Fox TV’s NFL Sunday, Terry Bradshaw, has been completed. Bradshaw sold the ranch and home near Thackerville, Okla., which he has owned for many years. The enormous homestead on 800 acres was also the primary filming location for E Entertainment Television’s, “The Bradshaw Bunch.” The huge property was also an intensive grazing and working cattle operation and facility for breeding quarter horses. It was listed for $22.5 million.

The property has been re-branded as Red River Equine and will focus on the American quarter horse industry. The new ownership is a joint venture between two formerly out-of-state identities, Billy and Suzzone Franks of Texas, together with Chad and Tiffeny Beus who have relocated from Utah to lead the venture development.

Photo: Downtown Houston. Courtesy Partners Real Estate

RNR Real Estate Briefs are published by Realty News Report