HOUSTON – (Realty News Report) – Colliers International announced that A&R Logistics, Inc. has leased a 133,333-square-foot tilt-wall distribution warehouse at AmeriPort Industrial Park, located at 703 Logistics Drive South in Baytown. Charles G. Fertitta Jr. represented A&R Logistics, while Robert Alinger represented the developer, National Property Holdings, LP.
Grant Walker and Brad Kilbride of Lee & Associates – Houston, together with Wade Greene of Transwestern, represented Portland-based Voodoo Doughnut, LLC in leasing a 3,000-square-foot retail space at 1214 Westheimer Road in Houston’s Montrose corridor. Earlier this year, Grant Walker served as broker for Voodoo Doughnut’s first Houston location at 3715 Washington Ave.
97.2 Old Needlepoint, LLC sold 97.7 acres along Old Needlepoint Road in Chambers County to Goose Creek Consolidated Independent School District and Chambers County. Brad LyBrand and Dave Ramsey of NewQuest Properties represented the seller. Billy Combs of Combs Commercial represented the school district.
The Protestant Episcopal Church Council of the Diocese of Texas acquired a 19,420-square-foot church facility on 10.5 acres at 3785 Barker Cypress Road in Houston. Avison Young principals Tommy LeBlanc and Charlie Neuhaus represented the buyer. Covenant Lutheran Church, the seller, was represented by Carol Gray and Christina Hipps of International Church Realty. The Episcopal congregation’s former church at 15015 Memorial Drive was damaged by flooding during Hurricane Harvey.
DrinkabilTea Cafe renewed its lease at College Park Village Shopping Center in The Woodlands. Jack Gaffney and Chase Tucker with Finial Group represented the landlord in the transaction.
Moody Rambin has been retained by Houston-based Kozadinos Interests, Ltd. as exclusive leasing agent for 4916 Main Street in Houston. The two-story office building includes one large loft space with expansive ceiling heights and high-end finishes, totaling 8,010 square feet. Kurt Kistler and Karen Wright will manage leasing on behalf of Moody Rambin.
The Groves, a master-planned community in northeast Houston developed by Ashlar Development, announced the milestone of selling its 1,000th home. The community is within Humble Independent School District.
TEXAS
DALLAS — CBRE announced that Goosehead Insurance, an independent personal-lines agency, is extending and expanding its corporate headquarters lease at The Terraces at Solana in Westlake, Texas. Goosehead added 42,308 square feet to its existing lease for a total of 150,454 square feet at 1500 Solana Blvd. Josh White, Chelby Sanders and Ryan Buchanan with CBRE in Dallas represented Goosehead. Jeff Eckert and Blake Shipley with JLL represented the landlord, Glenstar.
Generation Y, LLC purchased a 114,150-square-foot industrial building at 2801 Summit Ave. in Plano. Jason Moser and Ridley Culp with Stream Realty Partners represented the buyer. Kacy Jones and John Hendricks with CBRE represented the seller, AIPH, LLC.
NAI Partners Austin arranged a 65,415-square-foot industrial lease renewal for Picrow at 3910 S. Industrial Blvd. in Austin. NAI Partners’ Troy Martin represented the tenant. Leigh Ellis with Aquila Commercial represented the landlord.
DALLAS – Curtis Specialized Moving & Storage renewed and expanded to 83,700 square feet, doubling its industrial footprint in the South Stemmons submarket. The tenant renewed 43,200 square feet at 460 W. Mockingbird Lane and leased an additional 40,500 square feet in Mockingbird Place. The leasing assignment is part of a 981,879-square-foot portfolio handled by Brock Wilson and Joe Santaularia of Bradford Commercial Real Estate Services.
Eustorgio Trejo purchased an 18,050-square-foot industrial building at 2830 Ladybird Lane in Dallas. Hanes Chatham with Stream Realty Partners represented the buyer. Hans Moller with Jones Lang Real Estate Services, LLC represented the seller, Stemmons Industrial Partners, LLC.
Republic Center, in the Dallas Central Business District, signed leases totaling 18,000 square feet. Younger Partners’ Trae Anderson and Kathy Permenter represented the landlord. Among the transactions:
- Lexitas renewed its lease and expanded to 13,725 square feet; the tenant was represented by Conor McCarthy and Maggie Birnbach of Jones Lang LaSalle.
- Deans Stepp Law Firm leased 4,278 square feet; the tenant was represented by Sanders Thompson of Transwestern.
A local investor acquired Richland Commons, an 85,000-square-foot former Haverty’s Furniture store at 8251 Bedford Euless Road in North Richland Hills, for an undisclosed amount. The property sits on 4.26 acres with frontage along Loop 820 near Highway 183. Younger Partners’ Michael Ytem and Robert Grunnah represented the seller. Ready Real Estate’s Debbie Mullins represented the buyer.
Ministry Brands, LLC renewed its 9,113-square-foot lease at 5000 Quorum Drive in Dallas. Ryan Evanich, Chase Lopez and Brandon Terrell with Stream Realty Partners represented the landlord, G&I VIII 5000 Quorum, LP. ESRP Advisory Dallas, LLC represented the tenant.
JHCC Texas Holdings, LLC renewed its 20,000-square-foot lease at Northgate Distribution Center, 440 N. Town East Blvd. in Mesquite. Matt Dornak and Adam Jones with Stream Realty Partners represented the landlord, DRA Advisors.
NAI Partners Austin arranged a 3,125-square-foot industrial lease for Squeezed at 2061 Clovis R. Barker Road in San Marcos, Texas. Squeezed, a manufacturer and online distributor of natural juice cleanse beverages, was represented by Troy Martin.
Solutions413, LLC renewed its 11,236-square-foot lease at 1355–1371 North Glenville Drive in Richardson. Holt Lunsford Commercial represented the landlord, Atlas 35-75 Industrial, LP. Ryan Boozer and James Mantzuranis with Stream Realty Partners represented the tenant.
Three Hickory Centre, a 103,000-square-foot, four-story office building under construction within the 290-acre Mercer Crossing mixed-use development by Centurion American, is scheduled for delivery on Dec. 1. The building, marketed by Younger Partners’ Kathy Permenter and Garrett Marler, sits on five acres at 1801 Whittington Place in Farmers Branch, near DFW Airport.
SAN ANGELO – A former Neighbors Emergency Center at 3417 Sherwood Way in San Angelo was purchased by the Trustees of Shannon West Texas Memorial Hospital. CBRE’s Scott Herbold, Austin Barrett and Scott Carter represented the seller.
AUSTIN — Hilco Real Estate, LLC, in cooperation with Advanced Restaurant Sales, announced July 10, 2020 as the bid deadline for the sale of four Austin properties owned by the Tex-Mex restaurant chain Trudy’s.
DALLAS – Cushman & Wakefield has listed 2525 Turtle Creek Blvd., a 4.5-acre development site near Uptown Dallas, for sale on behalf of the Turtle Creek Gardens Condominiums Homeowner’s Association. Chris Harden and Ryan Duffie of Cushman & Wakefield’s Dallas office, along with Ben Fuller and John Carr of the firm’s Sunbelt Multifamily Advisory Group, are representing the seller in the disposition.
NATIONAL
Blue Road Investments has broken ground on Westpark Building 1 in Santa Teresa, New Mexico. The 315,000-square-foot speculative industrial building will include cross-dock loading, 36-foot clear height and 185-foot concrete truck courts. CBRE, led by Anthony Mash, is marketing the space on behalf of Blue Road.
NEWPORT BEACH, Calif. – JLL Capital Markets announced it arranged a $182 million refinancing for Intersect, a four-building, mid-rise Class A office campus totaling 452,060 square feet in Irvine, California. JLL worked on behalf of the borrower, a joint venture between Hines and a global investment management firm, placing a three-year, interest-only loan with MetLife Investment Management. The JLL Capital Markets debt placement team was led by Kevin MacKenzie, John Chun and Nick Lench.
NEW YORK – Savills announced that Mitchell Rudin has been appointed Chairman and CEO of Savills North America, effective June 30.
June 20, 2020 Realty News Report Copyright 2020
