HOUSTON – Deugro (USA) Inc. has signed an office lease for 16,625 square feet at 480 Wildwood Forest Drive in The Woodlands to relocate its corporate headquarters. Steve Rocher and Jason Presley of CBRE represented the landlord, GeoSouthern Budde RD, LLC. Weldon Martin of CBRE Houston represented the tenant.
NewQuest Properties has acquired five acres at the intersection of Interstate 10 and Grand Parkway/TX 99 in the Katy area from Parkside NEC Grand Parkway/I-10 LLC. Heather Nguyen of NewQuest Properties represented the buyer.
Growthforce, LLC has secured an office lease for 16,130 square feet at 22001 Northpark in Houston. Rich Pancioli with CBRE Houston represented the tenant. The landlord is Old Vine-Kingwood Associates, LLLP.
NAI Partners recently arranged a 15,916-square-foot office lease for GSA at Vibe Hobby, a location near Hobby Airport at 8866 and 8876 Gulf Freeway in Houston. NAI Partners’ Zach Leger, Jacob Aldridge and Lane Travis represented the landlord.
Woodrock, LLC has renewed a 7,284-square-foot office lease at 4265 San Felipe in Houston. Steve Biegel with Newmark Knight Frank represented the tenant. Kristen Rabel, Steve Rocher and Parker Duffie with CBRE Houston represented the landlord, Ro Partners Ltd.
NAI Partners arranged a 3,046-square-foot office lease for Brookdale Home Health at 15425 North Freeway in Houston. NAI Partners’ Trey Martin represented the tenant.
An undisclosed private firm from California purchased a 102,640-square-foot, Fiesta-anchored shopping center on 2.35 acres at 9419 Mesa Drive in Houston. The site features a stable mix of value-oriented retailers. The seller, 2ML Real Estate Interests, Inc., was represented by Matthew Berry and Robbin Kilcrease with CBRE Houston.
NAI Partners Investment Sales recently completed the sale of Spring Stuebner Plaza, a 66,125-square-foot multi-tenant retail and office warehouse near Springwoods Village at 3332-3336 Spring Stuebner Road. The property was 100 percent leased at the time of sale. Both buyer and seller were private investors. NAI Partners Investment Sales’ Josh Lass-Sughrue and Jason Ridenbaugh represented the seller, Spring Stuebner Realty Ltd.
Foot Locker Retail, Inc. signed a retail lease for 22,640 square feet at 7584 Bellaire in Houston as it relocates from PlazAmericas (formerly Sharpstown Mall). Brian Ashby and Sydney Dixon with CBRE Houston represented the tenant. The landlord is B & V Center, LLC.
Clint Hankla of Lee & Associates – Houston represented the landlord, Houston PFG, in leasing 29,350 square feet of office-warehouse space across three buildings on Brown Road in Tomball.
Fuller Realty Interests, LLC purchased 66,893 square feet on three acres at 10706 Craighead Drive in Houston. The industrial property seller, Lomi, Inc., was represented by William Rudolf and Kyle Golding with CBRE Houston.
K-Kies Ltd. acquired a 2,704-square-foot commercial building on 0.67 acres at 3120-A Southwest Freeway in Houston from JP Morgan Chase Bank. Glenn Dickerson and Neal Thomson of NewQuest Properties represented the buyer. Jazz Hamilton and Russell Janicek of CBRE represented the seller.
TEXAS DEALS
NAI Partners arranged the purchase of 1.09 acres (47,660 square feet) for Project Transitions, Inc. at 8007 Burnet Road in Austin. NAI Partners’ Troy Martin and The Kucera Companies’ David Stojanik represented the buyer. Neil Stokes with Special Agent Group represented the seller. Project Transitions provides supportive living, housing, recuperative care and hospice services for people living with HIV and AIDS.
Worksuites, a growing provider of flexible office solutions, leased 19,706 square feet in Allen Place I, committing to a 10-year lease at its newest Class A location in the far northern suburbs of Dallas, according to Richmond Collinsworth of Bradford Commercial Real Estate Services. Collinsworth along with Bradford colleagues Susan Singer and Jared Laake leased the 102,471-square-foot office building on behalf of the landlord, Allen Place Office Building I LLC. The three-year-old building is now 89 percent occupied. Worksuites operates 15 locations in Dallas–Fort Worth and four in Houston.
Newmark Knight Frank completed two transactions in Austin:
- Siemens Real Estate Inc. extended its office lease for 32,671 square feet at 9225 Bee Caves Road, Building 2. John Wolf, Brian Cheek and Casey Hilbun represented the tenant. The landlord is Texas Research International Real Estate, LLC.
- Delta Talent LLC secured a new office lease for 3,070 square feet at Southpark I, 1701 Directors Blvd. Joshua LaFico represented the tenant. The landlord is Southpark One Investments LLC.
NATIONAL
Houston-based NewQuest Properties acquired the 117,391-square-foot Andersen Fiesta Shopping Center in southeast Phoenix, marking the company’s first wholly owned asset in Arizona and launching a major redevelopment. NewQuest plans to invest nearly $10 million to redevelop and re-tenant the center at 1760 W. Chandler Blvd. in Chandler, with a focus on high-end international restaurants and retail that reflect NewQuest’s successful Asian-influenced developments in North Texas. 99 Ranch Market has committed to the project and will open its first corporate-owned Arizona store in the 44,450-square-foot former Basha’s grocery. NewQuest purchased the property, now renamed Chandler Ranch Shopping Center, from LNR Partners after it was pulled from auction while 35 percent leased.
JLL announced it arranged $8.37 million in acquisition financing for Chateau Park Apartments, a 71-unit value-add garden-style apartment community near downtown Boise. JLL worked on behalf of the borrower, Allante Properties. The JLL Capital Markets team representing the borrower was led by Brock Yaffe.
JLL also announced the closing of the sale and the placement of acquisition financing for Towne Center East, a fully leased, 154,750-square-foot retail center with multiple national anchors in Signal Hill, southern California. JLL marketed the property for the seller, BIG Shopping Centers USA, Inc., and an institutional buyer purchased the asset. The JLL Capital Markets team representing the seller was led by Patrick Toomey and Tom Lagos. The JLL Capital Markets debt placement team representing the new owner included Matthew Stewart and Reid McGlamery.
Oct. 14, 2019 Realty News Report Copyright 2019
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