RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report – ROSENBERG, Texas — Village Crossing, a 108-acre mixed-use development, has been the site of significant activity, said Jennifer Raymond, president of JPR Commercial Real Estate, broker for the complex on the north side of US 59 at Airport Avenue between Reading Road and FM 2218. Rooms To Go, Urban Air Adventure Park, Amegy Bank and Adriatic Café have closed on sites in the development, joining Cavendars and Vida Mariscos.

HOUSTON – H-E-B has opened a store in Bridgeland, the Howard Hughes Holdings master planned community in the northwest Houston area. The 128,000 SF store is located in Village Green at Bridgeland Central, 20017 Bridgeland Creek Parkway. San Antonio-based H-E-B, with annual sales of $43 billion, operates more than 435 stores in Texas and Mexico.

PEARLAND, Texas – Eastham Capital, a private equity real estate firm based in Boca Raton, Fla., partnered with Mosaic Residential, a Houston-based multifamily firm, to acquire Amber Oaks and Park Place, communities that are adjacent to each other in Pearland. Amber Oaks, with 63 units, is 95 percent occupied, with average rents of $1,450 a month. The 101-unit Park Place is 96 percent occupied, with average rents of $1,167 a month. Eastham Capital was founded in 2007 by Matthew Rosenthal and Eric Silverman.

HOUSTON — Yummy Crab has leased 1,828 SF of retail space in Shops at Stone Park at Beltway 8 and Wallisville Road from Ley-Lane Partnership No. 9, LP. Nina Irwin of Newquest Properties represented the landlord. Daniel Myers of Apex Realtors represented the tenant.

PASADENA, Texas — Oxford Partners represented PG Sealing Technologies in the lease of 13,093 SF at 909 Shaver St. Oxford Partners’ Garth Plyler represented the tenant. The landlord, ERHR Realty, LLC, was represented by Jason Kieschnick of Zann Commercial.

HOUSTON – The Finial Group announced the acquisition of a 30,326 SF industrial building at 6666 Gulf Freeway. It represents the first property purchase in its Seventh Single Tenant Industrial Aggregation Fund. Christian Villarreal and Chase Tucker spearheaded the negotiations for this strategic investment.

HOUSTON — Oxford Partners represented DivisionOne Construction in the lease of 4,600 SF at 11907 Windfern. Oxford Partners’ Garth Plyler represented the tenant.

TEXAS — RNR Real Estate Briefs from Realty News Report

ARLINGTON, Texas — SCM Real Estate Services announced the addition of two leases in its Arlington portfolio. Urology Partners of North Texas, a prominent prostate center, leased 4,455 SF within the USMD Hospital campus. Wheeler Advertising leased 5,514 SF in Arlington’s oldest commercial property, the Vandergriff Building. SCM’s Renee Efimoff facilitated these transactions.

DALLAS – Transwestern Real Estate Services announced a joint venture between Austin Reynolds of Reserve Street Property Co. and Mitch Miller and Steve Cramer of BC2 Capital. They have acquired a 4.5-acre parcel on Hurd Drive where they plan to develop an 58,300 SF industrial facility. Transwestern’s Riley Maxwell and John Brewer represented the buyer while JLL represented the seller, Hollman Inc. Bratjen Construction is the general contractor and GSR Andrade is the project architect.

DALLAS – Archway Equities has acquired Coronado Apartment Homes, a 264-unit multifamily community in Dallas. Archway’s Texas holdings consist of 11 properties totaling close to 2,700 units in Dallas and Austin. The acquisition was leveraged with agency financing arranged by Michael Cosby and Andy Scott of JLL. The Dallas-based JLL team of Rob Key, David Austin and William Jennings marketed the property.

SAN ANTONIO –  JLL Capital Markets has secured a refinance for Ventura Ridge, a 482-unit multifamily community in northwest San Antonio. JLL worked on behalf of the borrower, Rosewood Property Company, in arranging the loan through New York Life. Ventura Ridge is a four-story mid-rise community built in 2015, with 406,759 SF. JLL’s team included John Brownlee, John Bauman and analysts Chad Lisbeth and Scott Cole.

SAN ANTONIO — The Finial Group announced a long-term lease agreement with Crafco, Inc. at 4223 Dividend Road in San Antonio. William Alcorn and Chase Tucker represented the landlord.

DALLAS — Jefferson Grand Prairie, LLC, sold 17.3 acres of vacant land at 3010 W. Jefferson Blvd., Dallas, to CT GTRF Jefferson Investor, LLC. Krystal Peeler of NewQuest and Marc Peeler, formerly with the firm, represented the seller.

GRAND PRAIRIE, Texas — BULK Wholesale Inc. has leased 4,500 SF of industrial space in Forum Industrial Park in Grand Prairie from Forum EPA, LLC. Jason Finch and Michael W. Spain of Bradford Commercial Real Estate Services represented the landlord.

NATIONAL — RNR Real Estate Briefs from Realty News Report

COLUMBUS, Ohio — A&G Real Estate Partners is now accepting bids on 255 Big Lots store leases following the retailer’s Chapter 11 proceedings. The 255 properties, which range in size from 16,321 to 54,610 SF, are located in 41 states. The real estate firm said 46 Big Lots locations are in Texas.

PHOENIX – Cushman & Wakefield advised Cohen Asset Management in the sale of a 400,000 SF industrial building which is 100 percent leased to The Home Depot. The buyer was Santa Monica, Calif.-based based Karney Properties, which acquired the asset for $69.6 million. Cushman & Wakefield’s Will Strong, Michael Matchett and Molly Hunt represented the seller.

SACRAMENTO – JLL Capital Markets has completed the $117 million sale of 400 Capitol Mall, a downtown 501,308 SF office tower. The transaction represents the largest office sale in Sacramento in five years. JLL represented the seller, Manulife US REIT. PacWest Equities, an affiliate of Buzz Oates, acquired the asset in an all-cash deal. The 29-story tower has maintained 90 percent occupancy over the past 25 years.

ETC

Energy Corridor Building Gains Tenants

HOUSTON – Stream Realty Partners has completed a 96.856-SF wave of leasing activity at Eldridge Oaks, a 14-story, 350,000-SF office building located at 1080 Eldridge Parkway in Houston’s Energy Corridor. The building has direct access to the Terry Hershey Park trails.

In a strategic move to strengthen its commitment to the energy sector, TMEIC Corp. is relocating its headquarters from Roanoke, Virginia, to Houston’s Energy Corridor. TMEIC leased 39,698-SF lease. TMEIC was represented by Stream’s Weldon Martin and Matthew Seliger. Manmeet S. Bhatia is President and CEO of TMEIC Corporation Americas.

In addition, Consor Engineers, LLC leased 26,074 SF with representation from Taylor Wright of Colliers, and will relocate from 15340 Park Row Blvd. C.E. Barker signed a lease for 8,092SF, represented by Samuel Slovacek of JLL. Bureau Veritas Marine Inc. took a 2,903-SF spec suite, with representation from William Padon and Sydnee Hilburn of CBRE.

Additionally, Agha Engineering LLC increased its footprint at Eldridge Oaks to 9,744 square feet and was represented by Nathan Buckhoff of Oxford. Gulf Interstate Engineering also expanded within the building, leasing 7,345 square feet, and was represented by Beau Bellow of JLL. Gulf Companies now occupies 59,493 square feet at Eldridge Oaks.

Stream’s Brad Fricks and Matt Asvestas represented the landlord, an affiliate of Broadshore Capital Partners.

THE RALPH BIVINS PROJECT PODCAST

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LISTEN: THE RALPH BIVINS PROJECT with Jim Carman of Howard Hughes Holdings

LISTEN: THE RALPH BIVINS PROJECT with Jeff Havsy of Moody’s Analytics

LISTEN: THE RALPH BIVINS PROJECT with Sam Scott of CommGate

LISTEN: THE RALPH BIVINS PROJECT with John S. Moody, Jr. of Moody Law Group

LISTEN: THE RALPH BIVINS PROJECT with Scott Martin of Granite Properties

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