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Williamsburg Enterprises Buys Grocery-Anchored Center Near Texas Medical Center

HOUSTON  – Williamsburg Enterprises Limited of Houston has acquired the Renaissance Center, a 97,279-SF, value-add, grocery-anchored retail center east of the Texas Medical Center in Houston. HFF marketed the property on behalf of the seller, Lionstone Investments. Renaissance Center is anchored by H.E.B, one of the largest independent food retailers in the U.S. and the premier grocer in Texas.  Completed ... Read More »

Trinsic Gets Refi for Energy Corridor Multifamily Project

HOUSTON – Holliday Fenoglio Fowler (HFF) has secured financing for Aura Memorial, a 388-unit, multi-housing community in Houston’s Energy Corridor. Working on behalf of the borrower, Dallas-based Trinsic Residential Group, HFF placed the seven-year, floating-rate loan through Freddie Mac’s (Federal Home Loan Mortgage Corporation) CME Program. Aura Memorial is located at 14900 Memorial Drive between North Eldridge Parkway and Dairy ... Read More »

Silicon Valley Investors Buy New Austin Office Project

AUSTIN – Menlo Equities has purchased the Champion Office Park, a recently-completed, Class AA office park totaling 221,136 SF in Austin. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, Endeavor Real Estate Group of Austin and Granite Properties. HFF also procured the buyer, Palo Alto, Calif.-based Menlo Equities, who acquired the fully leased property for ... Read More »

Calif. Firm Buys New Austin Office Project

AUSTIN – Menlo Equities has purchased the Champion Office Park, a recently-completed, Class AA office park totaling 221,136 SF in Austin. Holliday Fenoglio Fowler, L.P. (HFF) marketed the property on behalf of the seller, Endeavor Real Estate Group of Austin and Granite Properties. HFF also procured the buyer, Palo Alto, Calif.-based Menlo Equities, who acquired the fully leased property for ... Read More »

Outer Space: Industry Property Sold Near Future Space Travel Hub

HOUSTON – Ellington Trade Center, a large Houston industrial project poised to benefit from future space travel, across the street from Ellington Field in southeast Houston, has been sold to Lincoln Property Co., through its investment advisory affiliate, Lincoln Advisory Group. The property is located across the street from Ellington Field airport which was recently approved by the Federal Aviation ... Read More »

Stream Realty Developing 108,000 SF of Retail Southeast of Houston in Pearland

PEARLAND, Texas – Stream Realty has broken ground on the Center at Pearland Parkway II, a 108,000-SF second phase of a power center in east Pearland. The 166,000-SF first-phase of the two-year-old center, located at the northwest quadrant of FM 518 and Pearland Parkway, is 95 percent leased. The Pearland Parkway has significant demographics and buying power, establishing it as ... Read More »

Two-Story Westchase Retail Center Sold

HOUSTON – Holliday Fenoglio Fowler, L.P. (HFF) has closed the sale of Briar Lake Village, a 36,607-square-foot, two-level retail center in Houston’s Westchase District. HFF marketed the property on behalf of the seller, Berkeley Land Co.  Briar Lake Village Inc. purchased the property for an undisclosed price. In 2007, HFF brokered the sale of the property to the seller. Briar ... Read More »

Songy/Edens Partnership Sells Houston Office Building

HOUSTON – Quasar Galleria Ltd. has purchased the 5433 Westheimer office building, an 11-story building in Houston’s Galleria area. NAI Partners, led by Doug Pack and Sam Hensen, will lease and manage the 133,000-SF building, which is just west of the Galleria. Quasar Galleria is a Houston investment group, with Ronny Hecht as principal. HFF marketed the asset on behalf ... Read More »

Houston’s 800,000 SF Brookhollow Complex Refinanced

HOUSTON – Holliday Fenoglio Fowler (HFF) has arranged a $64.2 million refinancing for Brookhollow Central I, II and III, a three-building office complex totaling 806,541 square feet in Houston. Working on behalf of Parmenter, HFF placed the loan with MetLife Real Estate Investors.  The loan is interest-only for the full term and was used to refinance the existing debt and ... Read More »

Kimco Sells Louisiana Shopping Center for $24 Million

LAFAYETTE, La. – Acadiana Square, a 244,768-square-foot retail power center in Lafayette, La. has been sold for $24 million. Holliday Fenoglio Fowler (HFF) marketed the property on behalf of the seller, Kimco Realty Corp.  A partnership between DRA Advisors and RCG Ventures LLC purchased the shopping center free and clear of existing debt. “Acadiana Square is the premier retail destination ... Read More »

Vintage Hannah One Developing Self Storage North of Houston

HOUSTON – Vintage Hannah One is developing a 851-unit, self storage facility within The Vintage master-planned community in the Houston suburb of Spring. Scheduled for completion in the later part of 2016, the self storage project will consist of four buildings totaling 82,675 rentable square feet.  Situated on 5.8 acres at 15500 Vintage Preserve Parkway, the storage facility site is ... Read More »

Real Estate History: BBVA Sale Sets New Record Price for Houston Office

HOUSTON – The sale of BBVA Compass Plaza established Houston’s new per-square-foot record high price for an office building sale – over $527 per square foot for the Uptown office building. This topped the previous per square foot record of $524 PSF with the $442.5 million sale of the Hess Tower in downtown Houston. The 22-story, 326,200-square-foot BBVA building, at ... Read More »

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