RNR Real Estate Briefs – (Realty News Report) – HOUSTON – Moody Rambin, in partnership with Exline Capital, has acquired Central Park Northwest, a 293,743-SF, eight-building portfolio in northwest Houston. Moody Rambin will oversee both leasing and property management for the business park. Kallin Sipe, Lawton Anderson, and Stephen Ghedi will lead leasing efforts. The property, located south of Highway 290, is along Central Parkway and Dacoma streets.
SUGAR LAND, Texas – CBRE has arranged a 299,731-SF industrial lease for Texas Logistic and Fulfillment Services at 12900 W Airport Blvd. in Sugar Land. CBRE’s Joseph Smith and Pearce Martens in Houston represented the tenant. The landlord is Sagard Real Estate, a Denver-based firm.
HOUSTON – Shawn Ackerman, president of the Houston office of Henry S. Miller Brokerage, represented the seller of the 197,231-SF Woodforest Shopping Center at 10907-11095 East Freeway to a local buyer. The property was taken from 37% to 96% occupancy over several years. Major tenants include Northern Tool, Dollar Tree, Memorial Hermann, Concentra, and NTB.
HOUSTON – Partners Real Estate arranged the sale of a 64,881-SF spec building at 510 S. Sam Houston Parkway East in Houston. Travis Land and AJ Williams represented the seller. Chase Spence and Jeff Peltier of Colliers represented the buyer.
HOUSTON – Fashion Wheels renewed a 33,376-SF lease at 7108 Old Katy Road. Oxford Partners’ Chase McAteer represented the tenant. Faron Wiley of CBRE represented the landlord, PGIM.
HOUSTON – National home builder Tri Pointe Homes has renewed its 24,000-SF lease at the Atrium at Park Ten in west Houston. Atrium at Park Ten is a140,000-SF, three-story suburban office building situated on six acres. The property is part of the Accesso portfolio. Accesso Partners LLC is headquartered in Hallandale Beach, Fla, and has offices in Atlanta, Charlotte, Chicago, Dallas, Houston, and Minneapolis.
HOUSTON – Buffalo Exchange is relocating its Montrose store to 1222 Westheimer. The new store, located between Voodoo Doughut and Nidda Thai Cuisine, is moving from 2901 S. Shepherd, about one mile away. The sustainable fashion retailer buys and sells used clothing.
HOUSTON – Briggs & Caldwell leased 2,381 SF at 1001 S. Dairy Ashford. D.J. Hale of Oxford Partners represented the tenant. Ami Figg of Hartman represented the landlord, Hartman Ashford Bayou, SPE.
Texas
DALLAS – Bradford UPT Partners, an affiliate of Bradford Cos., has acquired Uptown Tower, a 254,000-SF, 12-story office tower at 4144 N. Central Expressway in Dallas. The building is 54% leased. Bradford Commercial Real Estate Services will oversee leasing, property management, and construction management. R. Creighton Stark, III of Weitzman represented the seller. Richmond Collinsworth and Kevin Santaularia of Bradford represented the buyer.
FORT WORTH – Cummings Electrical will relocate and expand its Fort Worth headquarters to Centreport Tech Center, signing a 66,882-SF full-building lease with a 10-year term. Cummings Electrical will occupy 14770 Trinity Blvd. Jason Finch, Erik Blais, and Michael W. Spain of Dallas-based Bradford Commercial Real Estate Services represented the landlord, Fort Capital LP, which is sharing the upgrade cost with the tenant.
SAN ANTONIO – Platte Canyon Capital, a newly formed multifamily investment firm in Denver, in partnership with a Los Angeles-based institutional real estate investment manager, has closed its first acquisition with the off-market purchase of Allure Apartments, a 268-unit community in San Antonio. Located at 7770 Pipers Lane in the Westover Hills submarket, Allure Apartments contain 116 units built in 1984 and 152 units constructed in 2017. A $4.7 million capital improvement program is planned.
PLANO, Texas – SAI ABA Services LLC, doing business as Success on the Spectrum, leased 7,995 SF at 5504 Democracy Drive inPlano. Chase McAteer of Oxford Partners represented the tenant. The landlord, Moco, was represented by David Dees of Fults Real Estate.
National
JACKSONVILLE, Fla. – Milwaukee-based Phoenix Investors acquired the former Anchor Glass Container Corp. plant at 2121 Huron Street in Jacksonville, Fla. The 628,000-SF facility will be repositioned for modern industrial users.
NEW YORK – Broad Street Development, in partnership with TPG Angelo Gordon, acquired 139 Franklin Street, a vacant 10-story building in Manhattan’s Tribeca West Historic District. The venture will redevelop 139 Franklin into a boutique residential condominium under the Broad Street Bespoke Brand. Brendan Madigan and Andrew Scandalios of JLL arranged the sale.
LOS ANGELES – Bridge Logistics Properties announced the acquisition of a three-building, 332,793-SF industrial portfolio in Fontana, Calif. for $83.5 million. The recently built properties consist of 14074 Rancho Court, 14019 Rose Ave. and 14928 Washington Drive in the Inland Empire West logistics market.
PHOENIX – Karney Properties Management purchased Riverside 43, a 250,043-SF industrial building at 2200 South 43rd Avenue in Phoenix for $34.2 million. Cushman & Wakefield’s Will Strong, Molly Hunt, Michael Matchett, Jack Stamets, and Madeline Warren represented the seller, Cohen Asset. The single-tenant property is leased to Central Admixture Pharmacy Services.
BALTIMORE – Hunter Hotel Advisors announced the sale of the 133-key SpringHill Suites Baltimore BWI Airport. A local investor acquired the property in a court-appointed receiver sale. Spencer Davidson handled the sale.
EDWARDS, Colo. – Gart Properties acquired Edwards Corner, a 48,351-SF mixed-use neighborhood center at 56 Edwards Village Blvd. in Vail Valley, Colo. Jon Hendrickson and Aaron Johnson of Cushman & Wakefield represented the seller, Edwards Corner, LLC. Built in 2004, Edwards Corner is home to nearly 50 local businesses, including Hovey & Harrison, Drunken Goat, Cut Meat & Seafood, and Il Mago.
OKLAHOMA CITY – JLL was selected to provide property management for three recently acquired retail properties by 11North Partners and Bain Capital Real Estate in Oklahoma City’s Nichols Hills submarket. The portfolio includes Nichols Hills Plaza, The Triangle at Classen Curve and Classen Curve.
ETC
TAYLOR, Texas – Metropolitan Development Co. has opened a sales gallery and expects to break ground on The Ferguson condominiums in downtown Taylor this summer The project, at 1300 W. 2nd St., will offer condominium units starting in the mid $200,000s. The Ferguson will feature 82 condos ranging from 578 to 1,142 SF. It will offer five live/work units and two commercial spaces. The Ferguson is represented by Derive Development. Nearly 50% of Building I has been pre-reserved. The Ferguson is five minutes from the new Samsung semiconductor campus, which is expected to bring over 2,000 jobs in the first phase of its five-part buildout. The University of Texas has also acquired land for a new chip-making campus nearby.
“As major employers like Samsung and University of Texas invest billions into this area, the need for smart, attainable housing has never been greater,” said Pawel Hardej, Principal at Metropolitan Development Company. “The Ferguson delivers on that need with high-quality homes at price points that are simply no longer possible downtown Austin.”
“With Samsung, Tesla, and many businesses moving in here from Korea, Canada, Europe, Taylor is experiencing an unprecedented resurgence—a return to its early 1900s vibrancy with contemporary conveniences. Taylor is at the center of this economic boom, and now it’s also a place where homeownership is still within reach.”
HOUSTON – Nan & Co. Properties has been named the exclusive sales and marketing partner for The Beverly, a seven-story condominium development at 5010 Longmont Drive in the Tanglewood area. The project team includes Rama Companies as developer, G.T. Leach construction, and Mirador Group architects. The Beverly’s six full-floor units start at $3.5 million and offer four bedrooms and four and a half baths each.
RICHARDSON, Texas – RealPage, a global provider of AI-enabled software platforms to the real estate industry, announced the acquisition of Livble, a provider of flexible payment solutions to the multifamily industry. Integrating Livble into LOFT, RealPage’s fully integrated multifamily resident experience platform, and into Buildium, the firm’s all-in-one property management software for mixed portfolio and HOA managers, will provide residents with a flexible, transparent, and convenient way to split their rent payments into smaller, more manageable installments.
July 26, 2025 Realty News Report Copyright 2025
Photo Caption: Interior of Texas Tower, a Hines office development on Texas Avenue in Downtown Houston.
Photo credit: Ralph Bivins, Realty News Report, Copyright 2025
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