Houston 2020: America’s Boom Town – An Extreme Close Up
By Ralph Bivins, Editor of Realty News Report
Available on Amazon
HOUSTON — FKM Partnership Ltd. has acquired 48,000 square feet of industrial property on 4.8 acres at 11941 Cutten Road in Houston. The purchase was an investment sale from Clay Partners. Nathan Wynne of CBRE represented FKM.
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Martin Resource Management renewed its lease for 20,935 square feet at Three Riverway in Houston. Don Foster of JLL represented the tenant. Kristen Rabel, Marilyn Guion and Parker Duffie of CBRE in Houston represented the landlord, Dar 3 Riverway, L.P.
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Avison Young negotiated a long-term, 21,091 square-foot office lease for consulting civil engineering firm Van De Wiele & Vogler at One Eldridge, 777 North Eldridge Parkway in west Houston. Anthony Squillante and Josh Morrow from Avison Young’s Houston office represented the tenant.
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Houston International Trading leased 20,000 square feet at Glenroyal Business Park, 5303 Glenmont in Houston. Gary Triplett of CMI Brokerage represented the landlord, Exchange Business Center.
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R&B Industrial Supply renewed its lease for 4,960 square feet at Three Riverway in Houston. William McCarthy of The Finial Group represented the tenant. Kristen Rabel, Marilyn Guion and Parker Duffie of CBRE in Houston negotiated on behalf of the landlord, Dar 3 Riverway L.P.
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Marcus & Millichap announced the sale of the Shops at Fairmont, an 8,344 square-foot shopping center in Pasadena, Texas. Justin Miller from Marcus & Millichap’s Houston office procured the buyer.
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World Services Group renewed its lease for 4,357 square feet at 2777 Allen Parkway in Houston. Joshua Brown from Newmark Knight Frank represented the tenant. The landlord, American General Life Insurance Company, was represented by Kristen Rabel and Elliott Hirshfeld with CBRE in Houston.
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Marinor & Associates, Inc. renewed its lease for 5,485 square feet at 2727 Allen Parkway in Houston. Hugh Herman from Cushman & Wakefield represented the tenant. Kristen Rabel and Elliott Hirshfeld with CBRE in Houston represented the landlord, 2929 Real Estate Holdings, LLC.
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NAI Partners arranged a new office lease for EHRA Engineering at 10011 Meadowglen in Houston. NAI Partners’ Jason G. Whittington represented EHRA Engineering, while Brad Sinclair with Madison Marquette represented the landlords, Sunrich Investments, L.P. and CC Fortune Venture, LLC.
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Cynosure Technologies, LLC renewed a 1,494 square-foot lease at 2401 Fountain View in Houston. John Buckley and Chase Tucker with The Finial Group negotiated the transaction.
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ELSEWHERE in Texas
Airties, Inc. signed a lease for 3,345 square feet at 8300 N. Mopac Expressway in Austin. Katie Ekstrom with CBRE in Austin represented the landlord, Divco West Real Estate Services, Inc.
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Transect, LLC signed a lease at 816 Camaron Street in San Antonio. Christi Griggs with CBRE in San Antonio represented the landlord, 816 Camaron, LLC.
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Phoenix-based NexMetro Communities acquired a 27-acre parcel in the southwest quadrant of Alta Mesa Boulevard and Granbury Road in Fort Worth. Younger Partners’ Tom Grunnah, Michael Ytem and Jeremy Lillard represented the buyer, NexMetro Trails LP. The tract was excess land owned by the seller, Kroger Texas.
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J.J.’s Mae, Inc. signed a lease for 109,271 square feet at 6417 Tri-County Parkway in Schertz, Texas. Omar Nasser with Aquila Commercial represented J.J.’s Mae, Inc. Josh Aguilar with CBRE in San Antonio represented the landlord, Prologis.
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Fiesta Warehousing & Distribution Company expanded its industrial footprint with a lease for 66,468 square feet at 5050 Stout Drive in San Antonio. Rob Burlingame with CBRE in San Antonio represented the tenant. Joshua Aguilar with CBRE in San Antonio represented the landlord, Prologis NA2 Texas, LLC.
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Gateway America purchased 5.63 acres at 1001 East Texano Drive in Hidalgo, Texas. Carlos Telles with CBRE in McAllen represented the seller, Comanche Asset Management Company, LLC.
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SkyWalker Property and Keller Williams purchased the Waxahachie Daily Light building at 200 W. Marvin Ave. in Waxahachie from GateHouse Media Texas Holdings II Inc. The newspaper management signed a 90-day sale-leaseback to allow time for renovation and relocation. The 12,018 square-foot commercial building will become the realty firm’s base of operations in Ellis County.
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NATIONAL ITEMS
Lee & Associates – Stockton brokered the sale of an industrial building of approximately 201,400 square feet on about 9.4 acres at 3001 N. Navone Road in Stockton, California. The property was fully leased to two tenants, GAF and Western Regional Distribution Services. Jim Martin represented the seller, Mark Slotkin, in the transaction.
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Marcus & Millichap announced the sale of OakGate, a 29-unit apartment property in Gainesville, Florida, for $4,450,000.
May 6, 2020 Realty News Report Copyright 2020
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Houston 2020: America’s Boom Town – An Extreme Close Up
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