RNR Real Estate Briefs – Texas & more

RNR Real Estate Briefs from Realty News Report — HOUSTON – Partners Real Estate arranged the sale of 14199 Westfair East Drive, 41,450-SF. industrial property. Partners’ Wyatt Huff and Hunter Stockard represented the seller, Ovation Data Services and Matt Rogers and Perry Mazzone with Oxford Partners represented the buyer in the transaction, which included a 10-year sale leaseback.

HOUSTON — Rice Real Estate Company has announced its agreement with Brinshore Development, a mixed-income housing and community revitalization firm, and Family Scholar House, a non-profit dedicated to breaking the cycle of poverty, to support a new housing development in Houston’s Third Ward. The innovative development called Manson Place for Parent Scholars aims to combine affordable housing with educational opportunities to empower families.

SUGAR LAND, Texas – Marcus & Millichap announced the sale of two retail centers in the Crossing at Telfair, a 112-acre, mixed-use project in Sugar Land. Justin Miller represented the seller while Marcus & Millichap’s Alex Wolansky, Gus Lagos and Scott Jones procured the buyer. The deal included a 14,512 SF center on Highway 6 and a 33,653 SF center on Promenade Way.

HOUSTON — Houstonian and long-time multifamily real estate investor Trey Stone, along with his team, Transformational Real Estate Investing, have acquired Bay Park Apartments, a 124-unit property near NASA Road 1 in the Clear Lake area of Houston. This off-market deal was purchased for $9.4 million. Stone is a former president of the Houston Apartment Association.

HOUSTON — Everlasting Homes Building Group renewed its 6,000 SF industrial lease at 11425 Todd Street in Houston. Finial Group’s Chase Tucker and Andrew Bischoff represented the landlord.

HOUSTON — Oxford Partners represented SSAF Logistics in the sublease of 13,050 SF at 8801 Wallisville Road. Oxford Partners’ Vincent Vega represented the tenant, SSAF Logistics. The sublandlord, Myers Tire Distribution, was represented by Kevin Erck of JLL.

TOMBALL, Texas — Energy Water Solutions leased a 7,700 SF warehouse at 15050 Boudreaux Road in Tomball. Christian Villarreal of the Finial Group represented the tenant.

LAPORTE, Texas — RHP Properties, a major privately held owner and operator of manufactured home communities, announced the purchase of the Pecan Plantation manufactured home community in LaPorte, located near Houston and Galveston. RHP is based in Farmington Hills, Mich.

HOUSTON – The Finial Group announced the acquisition of two single-tenant industrial buildings, totaling 20,000 SF, located at 12115 and 12117 Taylor Road in Houston. Chase Tucker and Andrew Bischoff handled the purchase as part of the Finial Group’s Single Tenant Industrial Aggregation Fund.

TEXAS– RNR Real Estate Briefs from Realty News Report

FORT WORTH — Sunon Furniture, LLC, has leased 34,175 SF of office/warehouse space at 2741 Basswood Blvd. in Fort Worth from EastGroup Properties. Todd Lambeth and Luke Clardy of Bradford Commercial Real Estate Services represented the tenant. Todd Hubbard and Joe McLiney of NAI Robert Lynn represented the landlord.

DALLAS – Stream Realty Partners has been named the exclusive leasing agent for The Connection, formerly Las Colinas Connection, a 630,000 SF Class A office campus in the heart of Las Colinas. The three-building campus is owned by Piedmont Office Realty Trust.

DALLAS –  JLL Capital Markets arranged the sale of Quorum II Plaza, a 7731 SF shopping center near Belt Line Road in Addison, near Dallas. JLL represented the seller, Westwood Financial Corporation. The buyer was Last Mile Investments. JLL Capital Market’s Investment and Sales Advisory team was led by Adam Howells, Barry Brown, Chris Gerard and Erin Lazarus.

KYLE, Texas – Landsea Homes Corp., a publicly traded residential homebuilder, has officially launched sales for new homes at Freedom at Anthem in Kyle, south of Austin. The community will offer 880 new single-family homes.

EL PASO, Texas — JLL Capital Markets arranged the sale of Retreat at Mesa Hills, a 752-unit multi-housing community in El Paso. JLL worked on behalf of the seller, JRK Property Holdings. JLL Capital Market’s Investment and Sales Advisory team included Steven Hahn Jr., Art Barnes, Roberto Casas and William Jennings.

ARLINGTON, Texas – Cushman & Wakefield’s Retail Investment Advisors team represented Serac Capital Partners in the sale of Cooper Oaks Crossing, a 88,776-SF retail center in Arlington, to Ledbetter Holdings LLC. Cushman & Wakefield’s Kris Von Hohn represented Houston-based Serac Capital Partners. Located at 11 acres on S. Cooper St., the center is 96% leased.

NATIONAL — RNR Real Estate Briefs from Realty News Report

BOSTON — Dallas-based Ashford Hospitality Trust completed the sale of the 315-room Courtyard Boston Downtown for $123 million ($390,500 per key). Stephen Zsigray is president and chief executive officer of the hotel REIT.

NASHVILLE – National developer Portman announced that SWTHZ (SweatHouz), a fast-growing luxury contrast therapy studio, is joining the retail mix at Starling, the 359-unit multifamily building in Germantown. With this latest signing, Starling’s retail component is 100 percent leased. SWTHZ is a boutique wellness brand combining hot and cold temperatures for optimal mental and physical performance and wellness.

AURORA, Colo. – The Koll Company, an Irvine, Calif-based firm, announced the company’s expansion into the Denver market with a $15.8 million purchase of the RK Mission Critical building, a 142,412-SF property in Aurora. Said Koll’s Scott Meserve: “This market’s fundamentals ended 2024 strong with low, decreasing vacancy rates, sustained leasing activity and strong positive absorption outpacing new supply for the first time in 18 months.” Colliers handled the deal

ETC. – RNR Real Estate Briefs from Realty News Report

JLL leads leasing at 3,300-acre Advanced Manufacturing

Logistix Campus planned for Xebec’s Sandow Lakes mega site

AUSTIN – The former Alcoa Industrial Enterprise outside of Rockdale, Texas – once deemed the largest aluminum smelter in the world – is positioned for a complete metamorphosis.

The 50-square-mile site is being transformed into Sandow Lakes, a “mixed-use super-site,” in the words of Xebec founder Randy Kendrick. Dallas-based developer Xebec and real estate services firm JLL announced plans for phase one of the development, the Advanced Manufacturing Logistix Campus (AMLC) at Sandow Lakes.

Regarded as the only megasite in Texas – or industrial park setting outfitted with abundant electrical power, water, rail, natural gas and access to the interstate – Sandow Lakes is expected to attract manufacturing users from around the world.

JLL Senior Managing Directors Ace Schlameus, Zane Cole, Richard Quarles, Kurt Griffin and Nathan Orbin, as well as Executive Managing Director Greg Matter, will be handling industrial leasing for AMLC at Sandow Lakes on behalf of Xebec.

The 33,000-acre Sandow Lakes megasite includes plans for a new kind of community. Connected by a series of lakes, Sandow Lakes will feature multiple communities — including residential, retail, office, hospitality and leisure facilities. Construction on phase one of the project – AMLC at Sandow Lakes – will be complete in 3Q 2026.

With up to 35 million SF of best-in-class industrial capacity, AMLC at Sandow Lakes will be a one-of-a-kind manufacturing and logistics operation built on a scale unseen in Texas.

THE RALPH BIVINS PROJECT PODCAST

LISTEN: THE RALPH BIVINS PROJECT with Trey Odom of Avera

LISTEN: THE RALPH BIVINS PROJECT with Kris Larson of Downtown Houston +

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