RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report  – HOUSTON — Partners Real Estate  arranged a 16,764 SF lease with Tecmag  on Westchase Drive. Partners’ Jon Silberman  and Pierce Beyer  represented the tenant. The landlord, Link Logistics,  was represented by Boone Smith with Stream Realty Partners.


MISSOURI CITY, Texas — EoS Fitness  has leased 40,000 SF of retail space in Fort Bend Town Center Phase II  at TX 6 and Fort Bend Tollway from NewQuest Properties. Bob Conwell  and Andrew Alvis  of NewQuest    represented the landlord. Jason Baker  of Baker Katz  represented the tenant.


CONROE, Texas — Encore on the Rise, LLC,  purchased the Encore Rise   multifamily community in Conroe for $47.1 million. Encore Rise  is located at 800 N FM 3083 Road W. Joe Hooker  is acquisitions manager  for Encore on the Rise, LLC.


HOUSTON — Radix Engineering  leased 5,818 SF of office space at 580 Westlake Park Blvd. Ryan Hand, Charlie Neuhaus  and Harry Holmes  of Partners Real Estate  represented Radix.  Matt Asvestas  with Stream Realty represented the landlord, Younan Properties.


BAYTOWN, Texas — Eastern Union,  a commercial real estate mortgage brokerage firm, delivered a $17,492,188 loan toward the acquisition of The Lakes at Madera  apartments, a 392-unit multifamily complex at 305 West Baker Road in Baytown. The financing, provided through Arbor Realty Trust,  was a loan assumption with a $30.6-million acquisition of the complex, which is 92 percent occupied. The transaction carried a three-year term, with a 4.26 percent interest rate. The mortgage was secured by Eastern Union’s SVP Yoel Goldberg, Michael Muller, loan consultant Alex Jaffa and Mikael Rechdiener, VP for structured financing.


KATY, Texas — Sunterra Nails Spa  has leased 2,450 SF of retail space in Katy Pointe  of Clay Road  from Katy Point Investments, LLC. Nick Ramsey  and Kevin Sims  of NewQuest Properties  represented the landlord.


CYPRESS, Texas — Partners Real Estate  arranged a 7,500 SF retail lease for the latest location of Goldfish Swim School  at Highway 290 and Barker Cypress Road. Partners’ Cole Popper  represented the tenant. Williamsburg Enterprises    is the owner of the project and had in-house representation.


HOUSTON – ECI Group has sold its The Columns at Westchase apartments at 3354 Rogerdale Road to Mosaic Residential. The 318-unit community, built in 1999 was acquired by ECI in 2018. David Mitchell at Newmark represented ECI, which is based in Atlanta. Scott Levitt, Chief Acquisitions Officer at ECI said: “We look forward to making future investments in Houston and other major markets in Texas.


MISSOURI CITY, Texas — CoCo Bella Beauty Supply  has leased 12,530 SF of retail space in Fort Bend Town Center Phase I  at TX 6 and Fort Bend Tollway from NewQuest Properties. Bob Conwell  and Andrew Alvis  of NewQuest    represented the landlord. Joanna Temple Johnston  of Temple Commercial Realty  represented the tenant.


BAYTOWN, Texas – Swig  leased 1,847 SF of retail space in Baytown Plaza   on Garth Road from AREP Baytown I Partners LP. Nick Ramsey  and Kevin Sims  of NewQuest Properties  represented the landlord. Travis Waltmon  of Palo Duro Commercial Partners  represented the tenant.


HOUSTON — Daiso,  the established global retail chain, scheduled its grand opening at Copperwood Village  in Houston  on Dec. 2. The new Daiso  store measures 8,482 SF.


HOUSTON – Philadelphia-based Arden Logistics Parks awarded Stream Realty Partners a leasing assignment for a 34-building business park, the recently rebranded North Park 34, an 865,000-SF  park at the  corner of Beltway 8 and Hardy Toll Road. Stream’s  Boone Smith, Abraham Richardson, and Meg Zschappel will serve as leasing agents with analyst Jax Rawlinson’s support.


ROSENBERG, Texas — Prompt Urgent Care  has leased retail space in Brazos Town Center  near Highway 59 through NewQuest Properties. Nina Irwin  of NewQuest  represented the landlord.


HOUSTON – Howard Hughes Holdings announced that Bridgeland, one of the top-selling master planned communities in the nation, will be adding two new businesses at Lakeland Village Center. Space City Orthodontics will soft open its 2,550-SF practice in December while Foxfire Candle Works open a 1,200-SF boutique. Both are located on Fry Road. Marissa Moreau is senior manager of leasing for Howard Hughes.


HOUSTON — Alloy Personal Training  has leased 1,575 SF of retail space in Shoppes at San Felipe  near South Voss Roads from SF/Voss LTD. Nina Irwin   of NewQuest Properties  represented the landlord. Jim Haviland  of the Windsor Group  represented the tenant.

TEXAS —  RNR Real Estate Briefs from Realty News Report

 FORT WORTH – Newmark announced that DrinkPAK, a canned beverage manufacturer headquartered in California, closed on two industrial leases totaling 2.9 million SF in its expansion to Fort Worth. The city has approved a 10-year tax abatement valued at $21 million for DrinkPAK’s expansion. Newmark’s Patrick DuRoss, John DeGrinis, Jeff Abraham, Javier Galvan, Adam Faulk, James Cooksey, Garrison Efird and Adam Faulk Jr. represented the tenant in the transaction.


SOUTHLAKE, Texas — Constellation Real Estate Partners  in partnership with Northwestern Mutual  acquired 33.7 acres in the Dallas/Fort Worth Airport  submarket on Mustang Court  in Southlake. The company will demolish an existing fuel terminal to develop Constellation Mustang Crossing,  a 546,330 SF industrial project designed by Meinhardt & Associates. Joey Tyner   and Tom Dosch  of Dosch Marshall Real Estate  represented Constellation Real Estate Partners  in the land acquisition. Kurt Griffin, Nathan Orbin, Dalton Knipe  and Weston King  of JLL  will assist with the leasing.


FORT WORTH – Trademark Property Company announced that First Watch, the award-winning Daytime Dining restaurant brand, will be the newest addition to Waterside, a 63-acre mixed-use community along Fort Worth’s Trinity River Trail.

SAN ANTONIO — Worth & Associates,  a San Antonio commercial real estate developer, announced that Bridgehead IT  leased 15,280 SF in Brookhollow Business Center Building  at 1355 Central Parkway South, near Bitters Road and U.S. Highway 281. Bridgehead IT  was represented by JLL’s Brian Kates  and Rob Gish  represented Worth & Associates.

DALLAS — Partners Real Estate  arranged a 13,410 SF industrial lease with The Blueprint University  on Irving Boulevard in Dallas. Partners’ Hanes Chatham Jr.  represented the landlord, 2050 Irving Blvd. DeAnna Green  with Nydan Group  represented the tenant.

GRAND PRAIRIE, Texas — Pharmacy Corporation of America  renewed its 18,193 SF lease of flex space in One Paddock Place. Michael W. Spain  and Jim Ferris  of Bradford Commercial Real Estate Services  represented the landlord, Paddock Partnership. Brian Jones  and Brian Gilchrist  of CBRE  represented the tenant.

RICHARDSON, Texas — Partners Real Estate  arranged a 1,500 SF retail lease with State Farm  at Arapaho Village. Partners’ Derek Anthony  represented the landlord, WASA Properties Arapaho Village, LLC.  The tenant was represented by Krista Tipton  of Hexagon Group.

NATIONAL — RNR Real Estate Briefs from Realty News Report

 PHOENIX, Ariz. – Cushman & Wakefield  has arranged a joint venture equity partnership between the Phoenix-based Creation  development firm and Clarion Partners  for Park Algodon,  a proposed $250 million spec industrial project on 87 acres in West Phoenix. The two-phase industrial park with 1.3-million SF will be built near Loop 101 and Indian School Road. Cushman & Wakefield’s Will Strong, Kirk Kuller, Michael Matchett  and Molly Hunt  of the firm’s National Industrial Advisory Group – Mountain West  represented the Creation  and Clarion JV.


SANTA ANA, Calif. – SVA Architects  has moved its Northern California operations to 7901 Stoneridge Drive  in Pleasanton, Calif.  At its new Pleasanton location, SVA will be centrally located to serve clients throughout the San Francisco area’s South Bay, East Bay  and Peninsula  regions. SVA Architects   has established itself throughout Northern California  as a leader for transit-oriented developments, community projects and educational facilities.


TAMPA, Fla. — JLL Capital Markets  arranged $45 million in financing for Midtown West,  a newly built office property totaling 152,000 SF in Midtown Tampa. JLL  worked on behalf of the borrower, a joint venture between Highwoods Properties  and The Bromley Companies,  to secure the five-year loan from New York Life Insurance Company.  Completed in 2021, Midtown West  is an eight-story office building, fully leased to tenants including Prudential, Primo  and Clarion JV.


Dec.  2, 2023 Realty News Report Copyright 2023

RNR Real Estate Briefs are published by Realty News Report

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RNR Real Estate Briefs are published by Realty News Report

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