HOUSTON – (RNR Real Estate Briefs) — NAI Partners arranged an 18,573-square-foot industrial lease for Modern Chemical, LLC, at 1103 East Airtex in Houston. NAI Partners’ Jon Silberman represented the tenant, while Travis Land, also with NAI Partners, represented the landlord.
PEARLAND — Colliers International handled the sale of Pearland Premier Surgical Center, a 10,623-square-foot ambulatory surgical facility located at 2813 Smith Ranch Road in Pearland. Beth Young of Colliers International represented the seller, CMAS Interests. The center sits on four acres near Broadway Street and Highway 288, approximately 12 miles south of the Texas Medical Center.
HOUSTON — The Port of Peri Peri, a national restaurant brand specializing in flame-grilled chicken, leased 2,500 square feet at The Shops at Vintage Lakes, 10850 Louetta Road. Rusty Lilley and Jazz Hamilton of CBRE in Houston represented the landlord, 2ML Real Estate Interests. The Port of Peri Peri was represented by Joel Miller of SVN Landmark Commercial Real Estate.
HOUSTON — JLL was selected to manage development of a new 33,000-square-foot outpatient services center on behalf of The Menninger Clinic. The facility will be built on Menninger’s 50-acre campus along Highway 90, south of the Texas Medical Center.
KATY — Avison Young negotiated a lease extension and expansion for LJA Engineering, Inc., bringing its office footprint to 38,357 square feet at 1904 W. Grand Parkway North in Katy. Anthony Squillante and Dustin Devine represented the tenant.
LEAGUE CITY — Salon Naturale, LLC purchased a 0.6-acre development site at 2924 W. Walker St., League City, from JMK5 Holdings. Ronnie L. Miranda of 713CRE represented the seller, while Erica Nava of JEA Properties represented the buyer.
HOUSTON — NAI Partners arranged a 1,642-square-foot office lease renewal for LaneStaffing at 2211 Norfolk St. in the Greenway Plaza submarket. NAI Partners’ Jason Whittington from the company’s tenant representation group worked on behalf of the tenant. Guy Brown with Texas Overland Company represented the landlord.
CLEAR LAKE CITY — Envision Title Co. leased 3,369 square feet of office space in The Cimarron Building at 1331 Gemini Ave., Clear Lake, from Joya Investments. Ronnie L. Miranda of 713CRE represented the landlord, and Coy Davidson of Colliers International represented the tenant.
HOUSTON — Chicken Salad Chick, an Alabama-based casual restaurant chain, opened a location at Pearland Parkway Marketplace, a new center at 2110 Pearland Parkway. Developed by Houston-based Gulf Coast Commercial Group, the 17,500-square-foot center is currently 50 percent leased. Chambliss Design Associates served as architect for the restaurant, and Bluestone Partners was the general contractor for the build-out.
HOUSTON — NAI Partners arranged the sale of 9100 Caniff, a 16,500-square-foot freestanding industrial building on 2.2 acres in Houston. NAI Partners’ Joel Michael represented the buyer, RL3 Properties.
HOUSTON — The Round Top Collection leased 2,100 square feet in Baybrook Village at I-45 and Bay Area Boulevard. Elise Weatherall of Wulfe & Co. represented the landlord, and Debbie Adams of Edge Realty Partners represented the tenant.
HOUSTON — FalconView Energy Products, LLC renewed a 20,331-square-foot industrial lease at the Four Seasons Business Park. John Buckley and Jack Gaffney of Finial Group represented the landlord.
G. Miller Engineers completed site work on Haven at Elgin, a high-rise student housing project by Guefen Development Partners located at Elgin and Milby streets near the University of Houston main campus.
HOUSTON — Little Darlings Day Care, LLC leased 2,310 square feet of office space at 4560 FM 1960 from USA Precision Group USA. Ronnie L. Miranda of 713CRE represented the landlord.
HOUSTON — NAI Partners’ Jorge Martinez and Clare Flesher represented tenant Healthline Medical Equipment in an 8,600-square-foot industrial lease at 4500 N. Sam Houston Parkway W.
HOUSTON — The Epilepsy Foundation of Texas renewed its lease for 5,571 square feet of office space at 2401 Fountainview Drive. Finial Group represented the landlord.
HOUSTON — Vari, a Dallas-based workspace company known for popularizing sit-stand desks, opened a showroom in Memorial City. “Houston is one of the nation’s largest economies with thriving, high-growth businesses, so it’s a key market where we plan to grow and invest,” said CEO Jason McCann.
TEXAS
AUSTIN — Newmark announced the sale of The Aspect by Cortland, a 308-unit multifamily asset in the East Riverside district. Newmark Vice Chairman Patton Jones represented the seller, Atlanta-based Cortland. The buyer was CAF Capital Partners, a Dallas-based private equity real estate firm.
SAN ANTONIO — NAI Partners’ Jorge Martinez and Graham Peavey represented the tenant VIP Petcare in a 3,960-square-foot office lease at Blossom Business Park in San Antonio.
GRAPEVINE — E&A TransPros Inc. leased 19,643 square feet of industrial space in Hanover 4, 801 Hanover Drive, from Prologis Inc. Joe Santaularia and Brock Wilson of Bradford Commercial Real Estate Services represented the tenant. Gil Stroube of Lincoln Property Co. represented the landlord.
AUSTIN — JLL Capital Markets arranged $27.1 million in acquisition financing for the purchase of the 230-unit Cannon Oaks Apartments. JLL worked on behalf of the borrower, Old Three Hundred Capital, securing the loan through Prime Finance with ArrowMark Partners engaged as a capital partner. The JLL team included Marko Kazanjian, Chris McColpin, Rob Hinckley, Jackson Finch and Andrew Cohen. Old Three Hundred Capital was represented in-house by William Gottfried, Paolo Boero and Nicholas Yarnall. The ArrowMark team was led by Rob Brown and Nathan Rillstone.
FORT WORTH — The historic Fort Worth Star-Telegram building in downtown Fort Worth is listed for sale by Younger Partners.
ADDISON — Cushman & Wakefield has been engaged by the Town of Addison to solicit proposals for a master developer for an estimated 18-acre, high-density, transit-oriented development opportunity within the Addison Circle urban district surrounding DART’s future Silver Line rail station.
FORT WORTH — Sector 5 Digital LLC renewed a lease for 8,515 square feet of flex office space in Centreport Place II, 4300 Amon Carter Blvd. Jim Ferris of Bradford Commercial Real Estate Services represented the tenant. Michael Pienado of Lincoln Property Co. represented the landlord, Columbia Texas Amon Carter Industrial, LP.
AUSTIN — NAI Partners arranged a 9,145-square-foot office lease for Geospace Technologies Corporation at 8701 Cross Park Drive. The firm designs and manufactures scientific instrumentation and equipment for the global petroleum industry. NAI Partners’ Chris Caudill and Troy Martin represented the tenant. Jay Legg with MFB Real Estate represented the landlord, 5205 Acquisitions, LLC.
NATIONAL
DUNWOODY, Ga. — Atlantic Pacific Companies, based in Miami, acquired the 312-unit Parc at Dunwoody Apartments. The property is the firm’s fifth acquisition within Blue Atlantic Partners Fund III, bringing A|P’s metro-Atlanta portfolio to more than 5,000 units.
NEW YORK — Empire State Realty Trust, Inc. announced that Centric Brands leased 212,154 square feet at the Empire State Building. Peter Riguardi, Joseph Messina and Cynthia Wasserberger from JLL represented Centric Brands. Landlord representation was provided by Anthony E. Malkin, Ryan Kass and Shanae Ursini from ESRT.
ORLANDO — TerraCap Management, LLC, a privately held investment firm headquartered in Estero, Fla., acquired Orlando International Business Center for $24 million. The campus consists of six single-story office/flex buildings totaling 196,000 square feet.
MIAMI — As condominium sales slow in major U.S. markets, a new online platform launched to help developers confidentially sell condo portfolios in bulk to reduce inventory and recapitalize. The platform connects sellers with real estate investors seeking opportunity buys in cities including Miami, New York, Chicago and Mexico City.
OAKLAND, Calif. — Rockpoint Group and The Swig Company sold 300 Lakeside, a one-million-square-foot office complex in Oakland’s Uptown District. The buyer is a venture led by San Francisco-based TMG Partners. Rockpoint and Swig will retain an ownership interest.
Oct. 24, 2020 Realty News Report Copyright 2020
File: Real Estate Briefs – HOU, DAL, AUS, SAT, MIA, ATL, JFK, MCO, OAK
File: (2) Swig, TMG, CBRE, Colliers International, NAI Partners, Lincoln Property, Cushman & Wakefield. Real Estate Briefs – HOU