RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report – – HOUSTON – CommGate announced its 2024 Development Showcase will be held April 18, 4:30 to 7:30 p.m. at the Amegy Tower Conference Center. Commercial real estate professionals may register online.

HOUSTON — Colliers announced the sale of an 89,820 SF office building on 3.63 acres at 16701 Greenspoint Park Drive in the North Houston District. Bill Ginder of Caldwell Companies represented the buyer. The seller, Greenspoint Property Management, was represented by David Carter of Colliers.

HOUSTON – Nan and Company Properties, an affiliate of Christie’s International Real Estate, will open an office in The Woodlands at 9002 Six Pines Drive. Nancy Almodovar is president and CEO of Nan and Company. The founding team of The Woodlands office is made up of Jenny and Chris Elmi from The Elmi Group and Elise Repa and Jeni Mitchell from Better Homes and Gardens Real Estate.

HOUSTON — Marcus & Millichap handled the sale of Richmond at 610 Loop Professional Building, a 10,752 SF structure located just inside the Loop, across from Luling Barbecue. Gus Lagos, Alex Wolansky and Caroline Johnson of Marcus & Millichap represented the seller. The property, 4740 Ingersoll St., was purchased all-cash at 99 percent of the list price.

PEARLAND, Texas — Knightvest Capital, a multifamily investment company, announced its acquisition of Discovery at Shadow Creek Ranch, a 347-unit apartment community in Pearland, south of Houston. The community, west of Highway 288 and north of Broadway, will be renamed Barron Park.

SPRING, Texas — Linda Crumley of SVN J. Beard Real Estate – Greater Houston handled the sale of a 5,000 SF office building at 21025 Spring Brook Plaza Drive. The seller was Charles Dixon of Dixon Family Real Estate, Ltd. The buyer, a private investor group, was represented by Tom Condon of Colliers.

HOUSTON — R.G. Miller | DCCM, a civil engineering firm, leased 28,791 SF for its corporate headquarters at Eldridge Oaks, a 14-story office building at 1080 Eldridge Parkway. Avison Young principals Anthony Squillante and Drew Coupe represented the tenant. The landlord, an affiliate of Broadshore Capital Partners, was represented by Brad Fricks and Matt Asvestas of Stream Realty Partners.

HOUSTON — InterUrban Cos. has sold Woodland Hills Village, a 260-unit apartment complex at 2139 Lake Hills Drive in Kingwood. The buyer was a Dallas-based value-add firm with 7,000 units in Texas. Berkadia’s Kyle Whitney, Chris Young, Joey Rippel, Chris Curry and Jeffrey Skipworth represented the seller.

LaMARQUE, Texas — Trent Vacek of CMI Brokerage represented the seller of an industrial property at 412 and 500 Main St. in La Marque. The 24,000 SF warehouse and office building sits on 3.6 acres and its potential uses include warehousing, distribution and manufacturing. The buyer’s broker was Debbie Grigg with Nexthome First Source.

MAGNOLIA, Texas – Marcus & Millichap announced the sale of 6.8 acres of land on FM 1488 in Magnolia. Daniel DeHart of Marcus & Millichap had the exclusive listing. The buyer, a developer, was secured and represented by Daniel DeHart.

TEXAS — RNR Real Estate Briefs from Realty News Report

AUSTIN – Stream Realty Partners announced that RiverSouth, its office development in Austin, has inked a 98,761 SF lease with Tokyo Electron. This addition brings RiverSouth’s office space occupancy to 98 percent 18 months after the building was completed. Situated south of Lady Bird Lake at 401 S. 1st St., the building is a 15-story, 372,000 SF tower. Stream managing directors and partners Brad Philp and Connor Greissing handle leasing for the building.

FORT WORTH – Marcus & Millichap handled the sale of 3401 Golden Triangle Blvd., a 5,912 SF multi-tenant medical center on 1.4 acres. Gus Lagos and Alex Wolansky of Marcus & Millichap’s Houston office had the exclusive listing. The buyer was represented by Marty McAdams of McAdams & Associates.

LAKE WORTH, Texas — JLL Capital Markets closed the sale of Lake Worth Marketplace, a 197,553 SF Kohl’s-anchored retail power center west of Fort Worth. JLL represented the seller. Vista Property Company, based in Dallas, acquired the asset. The JLL Retail Capital Markets Investment Sales Advisory team was led by Barry Brown, Chris Gerard, Erin Lazarus, Keenan Ryan and Ben Pollack.

AUSTIN – Presidium is developing a 307-unit apartment complex in Velocity, a 314-acre mixed-use project in southeast Austin. Velocity is located at the southwest corner of State Highways 71 and 130, minutes away from the Tesla Gigafactory. The general contractor is Provident General Contractors and the architect is O’Brien Architects. Other team members include: Kimley-Horn and Associates Inc., Salas O’Brien, United Structural Consultants, Hitchcock Design Group and Dwell Design Studio.

AUSTIN– Shorenstein Properties LLC of San Francisco sold the Bravo Buildingto the Teacher Retirement System of Texas as the second part of the TRS campus purchase to relocate its headquarters in the Mueller Business District, a mixed-use neighborhood in East Austin. The Bravo Building is a six-story, 248,000 square-foot office building designed by Page Southerland Page with 40,000-SF floor plates. Shorenstein plans to develop two more buildings, called Charlie and Delta buildings

NATIONAL — RNR Real Estate Briefs from Realty News Report

SAN FRANCISCO –Transwestern Real Estate Services brokered the sale of a two-complex multifamily portfolio consisting of Vermont Hills Apartments in Hayward, Calif., and the Brightmoor Apartments in San Leandro, California, for $29,755,500.

ATLANTA – Kamstrup Water Metering, LLC, opened its new North American headquarters and manufacturing facility in Cumming, Ga. , Kamstrup, based in Denmark, worked with JLL’s Joey Kline in leasing 150,000 SF.

DENVER, Colo. — JLL Capital Markets closed the $68.25 million sale and the $43.177 million acquisition financing of Allure Apartments, a 252-unit property in the Cherry Creek South neighborhood of Denver. JLL worked on behalf of the seller and procured the buyer, Gelt Incorporated. JLL also worked on behalf of the new owner to secure the seven-year loan through Freddie Mac Multifamily. The loan will be serviced by JLL Real Estate Capital, LLC, a Freddie Mac Optigo lender.

ATLANTA — Vision Properties announced that Wildwood Center, a 692,707-SF office building in Atlanta’s Northwest submarket, has been successfully refinanced. Wildwood Center has seen 262,680 SF of recent lease transactions, including new leases and renewals. JLL’s David Horne, Glenn Aspinwall and Alexis Easterling handle leasing.

RNR Real Estate Briefs are published by Realty News Report

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