RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report – MONTGOMERY, Texas – J. Alan Kent Development has acquired 441 acres near Lake Conroe for a development with over 1,000 residential lots, Newcor reported. David Alexander and Josh Cheatham of Newcor represented the buyer. The site is near the Bentwater gated community. The seller, Forest Timber, was represented by Edge Realty Partners’ Charles Blaschke and Logan Havel.

CYPRESS, Texas — Colliers announced the sale of the 4,596 SF commercial building at 14139 Huffmeister Road in Cypress. The buyer, Heritage Presbyterian Church, was represented by Bill Ginder with Caldwell Companies. The seller, Munequita Interests, LLC, was represented by Tom Condon Jr. of Colliers.

HOUSTON — Oxford Partners represented PPM Solutions, Inc., d/b/a EPMA, in the lease and relocation of 2,493 SF at 3555 Timmons Lane. Oxford Partners’ Ryan Hartsell represented the tenant, PPM Solutions Inc., d/b/a EPMA. The landlord, Novel Texas, LLC, was represented by Katy Gragg of Transwestern.

TOMBALL, Texas – Colliers announced the sale of a 48,500-SF industrial facility situated on 7.3 acres at 915 South Cherry Street. The buyer, Dixon Capital LLC, represented themselves. The seller, JPL Ventures South Cherry LLC, was represented by Tom Condon Jr. of Colliers.

HOUSTON — Oxford Partners represented Webster Vicknair MacLeod in the sublease of 10,150 SF at 24 Greenway Plaza. Oxford Partners’ Ryan Hartsell represented the tenant, Webster Vicknair MacLeod. The sublessor, Wyatt Ranches of Texas, LLC, was represented by Nick Terry of Rifle CRE.

HOUSTON — The Finial Group negotiated a lease for Juan Cleves, doing business as P&P Desserts, at 10750 Barker Cypress Road. Chase Tucker and Tyler Holt managed the transaction on behalf of the landlord.

HOUSTON — Oxford Partners represented Illinois 3 Properties, LLC, in the sale of the 1,218 SF building at 2430 Sunset Blvd. Oxford Partners’ Perry Mazzone and Ryan Hartsell represented the buyer while Lee Kaplan of Compass represented the seller.

TEXAS — RNR Real Estate Briefs from Realty News Report

DALLAS – JLL Capital Markets announced the sale of Richardson Heights, a 201,433-SF shopping center in Richardson near US 75. JLL represented the seller, Houston-based Silver Star Properties REIT. JAH Realty acquired the center, built in the 1950s. The center is 79% leased with tenants including Alamo Draft House, TJ Maxx and Half Priced Books. The JLL investment sales team included Adam Howells and Chris Gerard, Ben Esterer and Keenan Ryan.

SAN ANTONIO — Wood Partners, along with Germany-based capital partner EIG EuroInvestor, announced the groundbreaking of its latest community, Alta Westover Hills. Scheduled for completion in June 2025, the 312-unit project will be built at 10718 State Highway 151 on the west side of San Antonio.

DALLAS –  JLL Capital Markets completed the sale of Churchill Tower, a Class A office tower totaling 277,187 SF at 12400 Coit Road in Dallas. JLL represented the seller and procured the buyer, TXRE Properties. JLL Capital Market’s Investment Sales and Advisory team representing the seller was led by Todd Savage, Ben Esterer, Megan Babovec and Andrew Griffin. TXRE Properties Justin Smith and Kolby Dickerson represented the buyer.

DENTON, Texas – Hillwood, a Perot Company, has finalized plans for the Hunter Ranch property in Denton. The large-scale, mixed-use project is a combined effort of Hillwood Communities, the residential community developer based in Dallas, and Fort Worth-based Hillwood Properties, the developer of the 27,000-acre AllianceTexas. The 3,200-acre Denton property, situated at I-35W and Robson Ranch Road, is one of the original land holdings purchased by the Perot family in 1987.

AUSTIN – CBRE has arranged a lease renewal for Foley & Lardner LLP at 600 Congress Ave. in Downtown Austin. The law firm has taken 15,458 SF. Robert Copito, Nate Stricklen and Jay Austin of CBRE represented Foley & Lardner.

FORT WORTH — F.O.H. Events, LLC, has leased a 23,465 SF industrial building at 8803 Forum Way, Fort Worth, from Dundee Investments, LLC. Shane Benner of Bradford Commercial Real Estate Services represented the tenant. Benson Williams of Lancarte Commercial represented the landlord.

AUSTIN – JT Magen, a national construction firm, has completed a full office renovation for Owlchemy Labs, a video game developer, in Austin. Revel Architecture assisted with the 8,079 SF project.

ELGIN, Texas — Partners Real Estate arranged the sale of two acres of land on County Line Road in Elgin. Partners’ Kevin Murphy represented the seller, Linda Nolen. The buyer, Lee Petroleum, was represented by Mike and Eric Weiss.

DALLAS — Texas Republic Management is expanding its investments in North Dallas by adding key acquisitions. TRM bought 150 acres adjacent to Centurion American’s new “Cottonwood” development in Howe near the new TI and GlobiTech Chip Plants and another 224 acres along the Golden Corridor. TRM, founded by Dallas oilman Ben Weber, Jr., has been actively investing along the Golden Corridor in Collin, Grayson and Denton counties since 2016.

NATIONAL — RNR Real Estate Briefs from Realty News Report

NASHVILLE, Tenn. – Lion Real Estate Group, LLC, a Dallas-based multifamily investment firm, acquired Bradford Woods, a 312-unit multifamily property in Nashville. Lion will re-brand the property as “The Grove Brentwood.” Ben Kriegsman is Lion Real Estate Group’s director of acquisitions.

WINTER HAVEN, Fla. – The Dallas-based office of Trez Capital announced the closing of a loan for Winter Park-based Enright Real Property Company’s new single-family development, Annabelle Estates in Central Florida. Annabelle Estates, located in one of the area’s most sought-after neighborhoods, is a 96-acre development with a total of 324 lots.

ETC. — RNR Real Estate Briefs from Realty News Report

Investment Bank Backing Partners Real Estate

HOUSTON – Westlake Securities, a prominent lower-middle market investment bank, will be the exclusive financial advisor to Partners Real Estate of Houston in securing capital to support Partners’ strategic expansion plan in Texas and the Southeast.

Jon Silberman, CEO of Partners, commented: “We’re thrilled to have secured this capital to further fuel and support our mergers and acquisitions (M&A) and talent acquisition growth efforts. This strategy positions us well to capitalize on exciting acquisition opportunities—on both the company and talent side—in the commercial real estate market in Texas and the Southeast. We greatly appreciate Westlake Securities’ partnership and expertise in structuring this transaction for us.”

With this dedicated capital in place, Partners will continue with its strategic expansion in Atlanta, the Southeast and Texas, and its ongoing leadership in the commercial real estate market.

“Bringing this capital to the table for Partners helps support an important phase of their expansion strategy,” said Matt Andersen, Westlake CEO. “We are excited to lead ongoing buy-side M&A efforts on behalf of the organization.”

RNR Real Estate Briefs are published by Realty News Report

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