RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report  — HOUSTON – Hines and Ivanhoé Cambridge, global real estate firms, announced the addition of The Sylvie restaurant to Texas Tower, the 47-story, 1.2 million-SF Class AA office tower in downtown Houston. A French-European concept by Berg Hospitality Group, The Sylvie is anticipated to open Summer 2024.


HOUSTON — Partners Real Estate  arranged the sale of a 35,622 SF cold storage industrial property at 12634 East Freeway in Houston. Partners’ Wyatt Huff  and Hunter Stockard  represented the seller, Mims Investment Inc.


HOUSTON – Colliers announced the 52,015 SF full building lease at 19054 Kenswick Dr. in Humble. Robert Alinger and Wes Williams of Colliers represented the landlord, Bertling Logistics. The tenant, SRS Distribution Inc., was represented by Sarah Pickup and Will Clay of JLL. Founded in 2008 and headquartered in McKinney, Texas, SRS Distribution is one of the largest building products distributors in the US.


HOUSTON – Fritsche Anderson Realty Partners  announced two industrial leases totaling 25,300 SF have been taken at 12302 FM 529. The leases were handled by Brandon Wuntch  and Drew Altmann  from Fritsche Anderson Realty Partners, acting on behalf of the landlord. Christian Villarreal  and Jack Gaffney  of Finial Group  secured a 7-year lease on behalf of a technology robotics group for 14,200 SF in the newly developed warehouse complex. Meanwhile, Tommy Secules  and John Walker  from Morrow Hill  represented a disaster recovery company in the leasing of 11,100 SF.


SPRING, Texas – Spring Medical Plaza,  a 55,354 SF medical office building at 21848 Holzwarth Road in Spring, is scheduled for delivery in May. Built by Jacob White Development, it’s the region’s first Class A medical office building constructed since 2016. It is two miles south of the Exxon Mobil HQ. Leading the leasing efforts on behalf of the owner, Star 2022 Development Group Ltd., were JLL’s Tim Gregory  and Kendall Kerr.


HOUSTON — Cushman & Wakefield  announced the firm represented Shoo Loong Kan,  a Singapore-based restaurant group specializing in Chongqing/Sichuan hot pot cuisine, in its lease at West on West  shopping center in Houston and at Carrollton Town Center  in Carrollton, Texas. Cushman & Wakefield’s Michael Pittman II, Michael Burgower  and Rachel Granstrom    represented Shoo Loong Kan in lease negotiations with West on West owner NewQuest Properties,  which also owns the Carrollton location.


BAYTOWN, Texas — Longhorn Steakhouse  has ground-leased a 1.21-acre retail pad site in Chambers Town Center at Interstate 10 and TX 146 in Baytown from NewQuest Properties. Bob Conwell  and Austen Baldridge  of NewQuest Properties represented the landlord. Traci Holman  of Baker Katz  represented the tenant.


HOUSTON — Oxford Partners  represented Baird & Associates  in leasing 3,168 SF at 3900 Essex Lane, Houston. Oxford Partners’ D.J. Hale  represented the tenant, Baird & Associates. The landlord, BRI 1834 ESSEX, LLC,  was represented by Blake Virgilio  of Lee & Associates.


HOUSTON, Texas – Finial Group  announced a long-term lease agreement with Sherwin-Williams  at a newly developed property at 13045 Gulf Commerce Drive in Houston. Finial Group’s Jason Gibbons  and William Alcorn  represented WDC RE II, LLC,  the property owner.


WILLIS, Texas — Amco Auto Insurance  has leased 1,400 SF of retail space in Sam Houston Town Center  at Interstate 45 and FM 1097 in Willis, from NewQuest Properties. Lara Lee LaMendola  of NewQuest Properties   represented the landlord. Rafael Melara  of ROM Commercial Properties   represented the tenant.


HOUSTON — Oxford Partners  represented Paw Solution, LLC  in leasing 3,601 SF at 11205 S Main St. Oxford Partners’ Stephen Hazen  and John Harris  represented the tenant, Paw Solution, LLC. The landlord, Fort Capital,  was represented by Thomas Pfeifer  of Fort Capital.


HOUSTON — Finial Group  announced the renewal of a long-term lease with SPX Flow  at 7210 Harms Road in Houston. John Buckley  and Dylan Schopper   of Finial Group handled the lease which ensures the Harms Road Business Park   will remain fully leased for the foreseeable future.


HUMBLE, Texas – Patriot Bolt acquired a 6,500-SF building on 0.66 acres at 1986 S Houston Ave.in Humble, northeast of Houston. It is adjacent to Patriot’s existing facility. Doc Perrier and David Durham of Outpost Partners worked with the buyer and the seller.


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.

Participants include Midway, Signorelli Company, Caldwell Companies, Greater Houston Partnership, Sugar Land Economic Development, City of Stafford Economic Development, and Pasadena Economic Development.

Commercial real estate professionals may register online.


TEXAS — RNR Real Estate Briefs from Realty News Report

SAN MARCOS, Texas – Denholtz Properties,  based in Red Bank, N.J, acquired Clovis Crossing,  a 213,125 SF industrial property in San Marcos from Freehill Development Co.  “With sustained population growth, a highly diversified regional economy and tremendous access to one of largest states in the nation, the Austin-San Antonio Corridor is an ideal market for us,” said Stephen Cassidy, president of Denholtz Properties. Mike Klein  and Jon Mikula  of JLL New Jersey  and Michael Johnson  and John Beeler  of JLL Austin  oversaw financing for the deal.


TYLER, Texas – SPI Advisory, a Texas-based multifamily private equity firm, and its Dallas-based investment partner, CR Capital announced the sale of the Parker Apartments in Tyler. Acquired by SPI and CR Capital in 2018, Parker Apartments, is a Class-B, 192-unit apartment complex located at 5105 Old Bullard Road. Over the years, SPI and CR Capital implemented extensive renovations, enhancing the property’s appeal and marketability. Michael Becker is a Principal at SPI Advisory.


WEATHERFORD, Texas — Cushman & Wakefield  arranged the sale of Remington Ridge,  a 257-unit multifamily community in Weatherford, near Fort Worth. The 133-unit Phase I was built in 2022, with construction already underway for an additional 124 units in Phase II. Asher Hall  and Grant Raymond  of Cushman & Wakefield represented the seller, Trinity Capital Group.  The buyer sponsor was Juniper Investment Group.


BROWNSVILLE, Texas – National New Markets Fund, LLC,  an affiliate of Los Angeles-based SDS Capital Group,  invested $17.5 million of its New Markets Tax Credit allocation to support a 150,000 SF expansion of global food supplier Rich Products’  Brownsville manufacturing facility, resulting in 132 new jobs. Rich’s Brownsville plant produces frozen seafood and appetizer products. The NNMF investment utilizes capital from the NMTC program administered by the U.S. Treasury Department.


PLANO, Texas — KCW Enterprises, LLC  has renewed 38,180 SF of flex space in Research Center,  2600 Research Drive. Brian Pafford  and Jared Laake  of Bradford Commercial Real Estate Services  represented the landlord, Kennington Research, LLC.  Grace Bowers  of Colliers International represented the tenant.


NEW BRAUNFELS, Texas – Mayfair, a 1,900-acre master-planned community located in New Braunfels, has added Austin-based Wes Peoples Homes to its builder lineup. In addition, model homes for builders Coventry Homes, Highland Homes, Perry Homes and Toll Brothers are nearing completion. Chip Mills is Senior Vice President of Southstar, the developer of Mayfair.

NATIONAL — RNR Real Estate Briefs from Realty News Report

HOUSTON – JC Penney stores located in Georgia, Florida and Colorado have been sold. They have a total of 302,161 SF of space. The stores are located at the following locations: 341 Newnan Crossing Byp in Newnan, Ga., 2001 West Osceola in Kissimmee, Fla. and 6302 South Central Street in Aurora, Colo. Dimitri Jordan of Partners Real Estate represented the buyer.


LOS ANGELES, Calif. – TruAmerica Multifamily,  a national, institutionally-focused multifamily investment firm, acquired Westmont Commons,  a 252-unit multifamily community in Asheville, N.C. The asset was purchased off-market for $49,875,000 in partnership with Spoke Real Estate Capital.

ETC.

Panot Capital Launched

HOUSTON — Real estate executives Aaron Iskowitz and Zain Sayed have established Panot Capital, a dedicated real estate investment management firm based in Houston with offices in California, New York, Ohio and Rhode Island.

Previously, Sayed served as the Head of Portfolio and Asset Management at Parkway Properties, and before that Sayed was the U.S. West Head of Asset Management at Lionstone Investments. Iskowitz was previously the chief operating officer at Urban Smart Growth, a real estate development and management company.


April 6, 2024 Realty News Report Copyright 2024

Photo credit: Ralph Bivins, Realty News Report Copyright 2024

RNR Real Estate Briefs are published by Realty News Report

THE RALPH BIVINS PROJECT PODCAST

LISTEN: THE RALPH BIVINS PROJECT with Alma Zavala of CommGate

LISTEN: The RALPH BIVINS PROJECT with Adam Lair of Partners Capital

LISTEN: The RALPH BIVINS PROJECT with Jake Donaldson of Method Architecture

LISTEN: The RALPH BIVINS PROJECT podcast with Bill Baldwin of BLVD Realty

LISTEN: The RALPH BIVINS PROJECT podcast with Johnny Cruz of RAMSA

LISTEN: The RALPH BIVINS PROJECT podcast with John Breeding of Uptown Houston

Listen: THE RALPH BIVINS PROJECT podcast with Dean Strombom of Gensler

LISTEN: THE RALPH BIVINS PROJECT podcast with Lou Cushman of Cushman & Wakefield

LISTEN: THE RALPH BIVINS PROJECT podcast with Edward Griffin of Griffin Partners

LISTEN: THE RALPH BIVINS PROJECT podcast with Bill Odle of TBG Partners

LISTEN: THE RALPH BIVINS PROJECT podcast with Rusty Tamlyn of JLL Capital Markets

 LISTEN: THE RALPH BIVINS PROJECT podcast with Carlos Bujosa of Transwestern 

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

LISTEN: THE RALPH BIVINS PROJECT podcast with Michael Scheurich of Arch-Con   

LISTEN: THE RALPH BIVINS PROJECT podcast with David Schwarz of Transwestern

NEW NEW NEW -THE RALPH BIVINS PROJECT New Audio on Spotify:

RNR Real Estate Briefs are published by Realty News Report

Additional news briefs

RNR Real Estate Briefs Reported March 23, 2024

RNR Real Estate Briefs Reported March 16, 2024

RNR Real Estate Briefs Reported March 9, 2024

RNR Real Estate Briefs Reported March 2, 2024

RNR Real Estate Briefs Reported Feb.24, 2024

RNR Real Estate Briefs Reported Feb. 10, 2024

RNR Real Estate Briefs Reported Feb. 3, 2024

RNR Real Estate Briefs Reported Jan. 27, 2024

RNR Real Estate Briefs Reported Jan. 6, 2024

RNR Real Estate Briefs Reported Dec 16, 2023

RNR Real Estate Briefs Reported Dec. 2, 2023

RNR Real Estate Briefs Reported Nov. 18, 2023

RNR Real Estate Briefs Reported Nov. 11, 2023

RNR Real Estate Briefs Reported Nov. 4, 2023

RNR Real Estate Briefs Reported Oct. 28, 2023

RNR Real Estate Briefs Reported Oct. 21, 2023

Follow us on X (Twitter)  @RNRBulletin

RNR Real Estate Briefs

NEW  – The Ralph Bivins Project podcast now on Spotify Click Here

RNR Real Estate Briefs – Texas & more

Related posts

1M sf IKEA Warehouse Sold Near Port Houston

Realty News Report

New Build-To-Rent Project in Pearland

Realty News Report

Los Tios Expands to Central Texas

Realty News Report

Leave a Comment