RNR Real Estate Briefs – Texas & more

 

RNR Real Estate Briefs from Realty News Report – HOUSTON — Cresa, the world’s largest occupier-only commercial real estate firm, handled the sale of a 50,000-SF, newly developed, multi-tenant industrial park located at 5801 Breen Drive, in north – northwest submarket of Houston. Brandon A. Wuntch and Drew Altmann of Cresa represented the seller, Zermeno GTB, LP in the sale of the property. Austin Honey, Tim Thomas, Andrew Nguyen and Jace Martin of LandPark Brokerage represented the buyer, Harbor Capital, LLC.


HOUSTON – Colliers handled the sale of 9.5 acres on the Gulf Freeway at Gulfbrook Drive near Baybrook Mall in southeast Houston The buyer, Wellby Financial, was represented by Kelly Hutchinson of Colliers Houston. Wellby Financial’s new headquarters will be developed on the site. The firm’s current headquarters are located on Gemini Street, adjacent to NASA’s Johnson Space Center.


HOUSTON — Demonstrating financial ingenuity in a tight capital market, DC Partners  used the Commercial Property Assessed Clean Energy (C-PACE) model to retire its construction debt in full, marking a noteworthy step in both real estate development and environmental stewardship.  Nuveen Green Capital  provided the $46.6M C-PACE loan. Lone Star PACE  partnered with the lender to administer the financing. Improvements covered by the loans include sustainable upgrades to the building envelope, lighting, HVAC improvements and plumbing upgrades.


SPRING, Texas — Marcus & Millichap  announced the sale of IHOP,  a 5,677 SF building with a new 15-year lease. Located at 25619 Interstate-45 in Spring, the dining spot is run by the largest IHOP franchisee in the country, who operates some 300 units.


HOUSTON — Oxford Partners  recently represented Klass Time, Ltd., in the lease and relocation of 3,822 SF at 3700 Buffalo Speedway in Houston. Oxford Partners’ Perry Mazzone  and Ryan Hartsell  represented the tenant. The landlord, Moody National Buffalo Speedway MT, L.P., was represented by Jamie Owens  and Stephen Woods  of Moody National.


MONTGOMERY, Texas — SVN | J. Beard Real Estate  recently facilitated a lease with Nona’s Italian Grill at 950 Pine Market Ave. in Montgomery. Pine Market is a newly developed, active commercial destination within Woodforest, Montgomery’s top-selling master-planned community. Advisor Jackson Cain  of SVN | J. Beard Real Estate represented the private owner and landlord. Nona’s Italian Grill was represented by Josue Posada  with Posada Realty Associates.


TOMBALL, Texas — Black Bear Diner  has leased 5,250 SF of retail space in The Grand at 249 at TX 249 and the Grand Parkway/TX 99, Tomball, from NewQuest Properties. Andrew Alvis  of NewQuest represented the landlord. Matt Parsons  of JLL  represented the tenant.


HOUSTON — Oxford Partners  recently represented Baker & Associates in the lease renewal of 2,209 SF at 950 Echo Lane, Houston. Oxford Partners’ Vincent Vega  and Britney Barcus  represented the tenant, Baker & Associates. The landlord, Echo RE Investors, LLC, was represented by Aaron Ander  of Fuller Realty.  


FRIENDSWOOD, Texas — Pinch A Penny  has leased 3,034 SF of retail space in Friendswood Crossing at FM 528 and 518, Friendswood, from NewQuest Properties. Lara Lee LaMendola  of NewQuest represented the landlord. The tenant had an in-house representative, Brian Andriese,  handle negotiations.


THE WOODLANDS — Kimberly DeVos  of Cypressbrook Company  represented the tenant, Panther Creek Medical Center, P.A., in the renewal/expansion of 8,343 SF of medical space at 4840 W Panther Creek Drive. The landlord, Texican Realty Services, LLC, was represented by Eduardo Pages.


HOUSTON — The Finial Group  announced the lease renewal with the American Automobile Association (AAA) at 14505 Torrey Chase Blvd. in Houston.  Jason Gibbons  represented the landlord


STAFFORD, Texas — Andy Ayers  of Cypressbrook Company  represented Cornerstone Caregiving Sugar Land, which leased office space at 10707 Corporate Drive in Stafford. The landlord, LandPark Commercial, was represented by Matt Easterling. 

TEXAS — RNR Real Estate Briefs from Realty News Report

AUSTIN – Partners Real Estate  arranged the sale of a 19,279 SF medical/retail property at 9707 Anderson Mill Road in Austin. Partners’ Ryan McCullough  and Sean Anderson  represented the sellers, Scott M. Morledge  and Bruce A. Wencel.  The buyers, Abhishek Mathur  and William George  of Excelsior Capital,  represented themselves.


DALLAS – Trademark Property Co.  has received approval from the Dallas City Council to rezone 3900 Lemmon Ave. as a multifamily and retail community. The mixed-use development will include more than 400 apartments and ground-floor restaurants. The complex will be three to seven stories tall and cover three acres at Lemmon Avenue and Reagan Street.


SAN ANTONIO — Newmark  facilitated the sale of The Luxx, a premier student housing community at 6023 UTSA Blvd. in San Antonio, within walking distance of The University of Texas at San Antonio (USTA). Newmark’s Ryan Lang, Jack Brett  and Ben Harkrider  represented the seller, a joint venture between Crow Holdings Capital and The Preiss Company. The buyer was Palladius Capital Management.


DALLAS – Shoal Creek Capital,  a Dallas-based industrial real estate investment firm, is set to deliver Trinity Industrial Park, an 80,000 SF, Class A distribution and warehouse park. Located at 8733 North Stemmons Freeway, on the I-35E frontage road near Regal Row, the project marks a milestone as the first industrial development in the Brookhollow submarket built from the ground up in more than 15 years. Chase Miller  and Mark Miller  of NAI Robert Lynn  are leasing the project.


KYLE, Texas — Newmark  facilitated the sale of Oaks on Marketplace, a 254-unit multifamily community near I-35 in Kyle, south of Austin. Newmark’s Patton Jones  and Andrew Dickson  represented the seller, SPI Advisory, a Dallas-based multifamily private equity firm. The buyer was Sherman Residential of Chicago.

NATIONAL — RNR Real Estate Briefs from Realty News Report

CHARLOTTE, N.C. — Dallas-based Constellation Real Estate Partners,  an investor and developer of logistics properties, has acquired 41.42 acres of land in Charlotte for development of Constellation 485 South, a 374,220 SF, Class A industrial building on Continental Boulevard in the Southwest/Stateline submarket


ATLANTA, Ga. — Hunter Hotel Advisors  announced the successful sale of the Le Méridien Atlanta Perimeter. Whitestone Companies purchased the 275-key asset from an institutional seller for an unclosed price. Hunter’s Tim Osborne  and Spencer Davidson  represented both parties in the all-cash transaction.. Sitting adjacent to Perimeter Mall, the 12-story, 224,684 SF hotel is near the corporate offices of State Farm and Mercedes Benz.

ETC — RNR Real Estate Briefs from Realty News Report

DALLAS – Houston-based multifamily developer Vero Sade  officially unveiled a multimillion-dollar makeover of 3700M, a 381-unit luxury high-rise at 3700 McKinney Ave., and simultaneously debuted its club living concept in Dallas. Originally built in 2014, the 21-story asset located in the sought-after Uptown submarket brings the energy and life of a social club into the multifamily space with specialized programming ranging from chef demonstrations and themed fitness classes to poolside pampering and guest lectures.

“Vero Sade’s club living concept is designed to reimagine traditional multifamily life through elevated, thoughtful design and purposeful programming – elements intended to encourage interactions, relationship building and ultimately, community, among its resident members,” said Dan Bassichis, co-founder of Vero Sade. “A key residential anchor of its walkable, mixed-use Uptown Dallas environs, the new 3700M will be attractive to renters by choice and those who value location, luxury and connection to their neighbors.”

Helming the project’s design rebirth was East Coast design shop, Good City Studio, whose practice includes a mix of high-profile multifamily properties, private clubs, health and wellness offerings and hotels, including Colorado’s Snowmass Club, Equinox Hotels and Philadelphia’s acclaimed Fitler Club – a project from Vero Sade’s parent company, Vero Capital.

Inspired by the intersection of home and hospitality, the re-envisioning of 3700M was intended to foster social connections, and as such, Vero Sade and Good City Studio turned lackluster spaces into meaningful places.


June 21, 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 Robert Clay of Clay Development

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 April 6, 2024

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

Major Office Park Nears Full Occupancy

Realty News Report

Bury the Hatchet: Don’t Clear-Cut Urban Tree Canopy

Realty News Report

RNR Real Estate Briefs – Texas & more

Realty News Report

Leave a Comment