RNR Real Estate Briefs from Realty News Report — SUGAR LAND, Texas — PG Golf, a leading supplier of recycled and refinished golf balls, signed a new 87,214-square-foot lease at Sugar Land Crossroads, 12520 W. Airport Blvd. in Sugar Land. Transwestern Industrial Group’s Darryl Noon and Nick Peterson represented the landlord, while Jeff Venghaus of JLL represented the tenant.
LEAGUE CITY, Texas — United Built Homes leased 3,200 square feet at Pinnacle Park Shopping Center, 2515 S. Gulf Freeway. The tenant, a custom home builder and finance company, was represented by Elise Weatherall of Wulfe & Co. The landlord was represented by Daniel Mueller of Brockway Commercial.
RICHMOND, Texas — Jason Gaines of NAI Partners arranged a lease for Bay City Pharmacy at Long Meadow Plaza, 7909 W. Grand Parkway.
HOUSTON — Terracon Consultants, an engineering consulting firm, renewed its 65,925-square-foot lease at Claymoore Business Park, 3900 Brittmoore Road. Transwestern Industrial Group’s Brian Gammill and Darryl Noon represented the landlord. Jeff Venghaus of JLL represented the tenant.
MONTGOMERY, Texas — Matt Franke and Michael Borden of NorthMarq arranged refinancing for Heritage Place II, a 16,630-square-foot medical and professional office property at 21325 Eva Street in Montgomery. The loan features a 10-year term with 25-year amortization and was arranged as a permanent fixed loan through NorthMarq’s correspondent relationship with Standard Insurance Co.
HOUSTON — Art Recovery Technologies of Greater Houston leased 6,000 square feet at Commerce Park Northwest 2, 8601 Jammel Road. Kevin Gardner of Gardner Realty represented the tenant. William Carpenter and Boone Smith of Stream Realty Partners represented the landlord, LINK Industrial.
HOUSTON — Brook Furniture, a furniture rental company, renewed its 43,050-square-foot lease at America Plaza, 14900 Hempstead Highway. Transwestern Industrial Group’s Brian Gammill and Darryl Noon represented the landlord. Ed Frantz of CBRE represented the tenant.
HOUSTON — Intelligent Mexican Marketing, a distribution company focusing on Latino products, signed a new 42,000-square-foot lease at Northwest Crossing, 7350 Denny Road. Transwestern Industrial Group’s Brian Gammill and Darryl Noon represented the landlord. Mike McElwee of Avison Young represented the tenant.
CLEAR LAKE, Texas — Twisted Liquid Daiquiris leased 1,200 square feet in Star Plaza, 2402 Bay Area Blvd. Melissa Gerber Brams of Gerber Realty represented the tenant. Mark Johnson of Glazer Properties represented the landlord, Retail Houston TX, LLC.
HOUSTON — NAI Partners arranged a 2,275-square-foot retail lease for Pho Barr Vietnamese restaurant at Colony Commons shopping center, 2251 FM 646. Jason Gaines of NAI Partners represented the landlord, IRAPAK Investments LLC. Pho Barr was represented by Tan Le with Address CRE.
GALVESTON — Legend Communities appointed NAN Properties Developer Services as the exclusive listing agent for The Residences at Tiki Island, a 70-unit condominium development. The high-end mixed-use luxury project is located on Tiki Island near Galveston.
SEABROOK, Texas — Seabrook Plaza, a 12,437-square-foot retail property at 5735 Bayport Blvd., has been sold, according to Marcus & Millichap.
BRYAN, Texas — Premier Mini Storage, a 12,150-square-foot self-storage facility in Bryan, has been sold, reports Marcus & Millichap.
HOUSTON — Equity Advisors Group, Inc. purchased a property at 5340 Bay Oaks Drive. Tyler Maner, Andrew Littlefield and Davis Lamberton with Stream Realty Partners represented the buyer.
PEARLAND, Texas — NAI Partners arranged the sale of 3547 McHard Road, a 10,000-square-foot retail property in Pearland. Tyler Clements of NAI Partners represented the buyer, LCDM Investments, LLC. The seller, The Buddy’s Run, LLC, was represented by Jeffrey Jackson of CBRE.
HOUSTON — Evosite, Inc. leased 12,200 square feet at Northwest Point Service Center, 7240 Brittmoore Road, Suite 100. Chase Cribbs and Justin Cole with Lee & Associates represented the tenant. Boone Smith and Garret Geaccone with Stream Realty Partners represented the landlord, DRA Advisors.
WEBSTER, Texas — Dave’s Hot Chicken leased a 2,802-square-foot space at Baybrook East, 148 El Dorado Blvd. The opening is projected for the fourth quarter of 2022. Debbie Adams of Edge Realty Partners represented the tenant.
HOUSTON — J&E Associates renewed a 2,700-square-foot lease at Southport Business Park, Building 2, 6031 South Loop Freeway East. Woody Hillyer and Garret Geaccone with Stream Realty Partners represented the landlord, Agellan Commercial REIT.
TEXAS RNR Real Estate Briefs
DALLAS — Newmark handled the sale of Fourteen555, a 249,564-square-foot Class A office building at 14555 North Dallas Parkway. Completed in 2018, the six-story building is fully leased. Robert Hill, Chris Murphy, Gary Carr, John Alvarado and Chase Tagen represented the seller. David Milestone, Brett Green and Josh Francis represented the buyer.
CEDAR PARK, Texas — NAI Partners’ Kevin Murphy arranged a 2,600-square-foot retail lease for Dog Haus Biergarten in Cedar Park. The landlord was represented by SRS Real Estate Partners.
AUSTIN — Indeed Tower, a new 36-story office tower in downtown Austin, has earned LEED v4 Core & Shell Platinum Certification. Developed by Trammell Crow Co. and Principal Real Estate Investors, the project named Page as architect, interior designer and sustainability consultant, with DPR Construction as general contractor. Kilroy purchased the 730,000-square-foot tower in July 2021. Other project contributors include Stantec & LandDev Consulting (civil engineers), Campbell Landscape Architecture, Ten Eyck Landscape Architects, Blum Consulting Engineers (MEP engineer) and Thornton Tomasetti (structural engineer).
NATIONAL RNR Real Estate Briefs
RIDGEFIELD, Wash. — Specht Development has begun construction of a 468,793-square-foot industrial building at the 50-acre Ridgefield Industrial Center.
NEW YORK, N.Y. — JLL Capital Markets announced it facilitated a $245 million recapitalization and financing of a 31-property medical office portfolio totaling 545,813 square feet across 10 states. JLL represented Montecito Medical Real Estate in arranging the recapitalization with AEW Capital Management and helped the new ownership group secure $176 million in acquisition financing through BMO Harris. The portfolio comprises 27 single-tenant and four multi-tenant buildings aligned with major health systems and physician groups in markets such as Atlanta, Charlotte and Miami, as well as secondary and tertiary regions that have seen recent population growth.
ETC. – RNR Real Estate Briefs
HOUSTON — NAI Partners arranged a 30,000-square-foot lease that completed leasing across a four-building industrial development totaling 90,750 square feet for TNRG Development at Intercontinental Crossing Business Park.
The buildings include:
- 18401 Intercontinental Crossing Drive — a 30,000-square-foot freestanding industrial building with a drive-through bay on approximately 2.30 acres
- 18405 Intercontinental Crossing Drive — a 25,000-square-foot freestanding warehouse with dock-high loading on approximately 1.56 acres
- 18409 Intercontinental Crossing Drive — a 19,500-square-foot freestanding warehouse with dock-high loading on approximately 1.29 acres
- 18413 Intercontinental Crossing Drive — a 16,250-square-foot freestanding warehouse with dock-high loading on approximately 1.14 acres
Sept. 19, 2021 Realty News Report. Copyright 2021.
For more about Texas real estate, see the book Houston 2020: America’s Boom Town – An Extreme Close Up by Ralph Bivins. Photo credit: Ralph Bivins, Realty News Report.
File: RNR Real Estate Briefs
RNR Real Estate Briefs are published by Realty News Report.