Chemstations, Inc. has signed a lease to relocate its office to 6,502 square feet at 11000 Richmond Ave., Houston. Parker Duffie of CBRE in Houston represented the landlord, Woodbranch 11000 LLC. Rich Pancioli, also with CBRE in Houston, represented the tenant.
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Commercial real estate services firm Avison Young negotiated the lease of 102,863 square feet of industrial space at 9701 New Decade Drive in Bayport North Logistics Center I, as well as a sublease of 44,000 square feet at 13225 Bay Park Road, both in Pasadena within the Greater Houston market. Avison Young’s Bob Berry and Grant Hortenstine represented the tenant, American Cross-Dock & Storage. CBRE’s Jason Dillee and Andrew Jewett represented the landlord, Triten Real Estate Partners.
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NAI Partners recently arranged the sale of a 25,750-square-foot industrial property at 7101 John Ralston Road in Houston on behalf of seller Stephan Lett. NAI Partners’ Darren O’Conor and Jake Wilkinson represented the seller. Cynthia Martinez of Keller Williams Realty represented the buyer, Jemco Services, a manufacturing company.
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Radiology Partners Inc. signed an office lease for 10,462 square feet to expand its operations at Clark Gaines Properties, 13333 Northwest Freeway, Houston. Weldon Martin with CBRE Houston brokered the deal for the landlord, Prosperity Plaza LP.
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KDW, a design-build construction firm, completed a renovation and expansion of its Houston headquarters, doubling its previous footprint. The updated workspace covers 14,444 square feet across two floors at 5858 Westheimer, offering a more open, contemporary work environment.
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Harper & Pearson Co., PC renewed its 16,306-square-foot office lease at One Riverway in Houston. Anthony Fritsche with Fritsche Anderson Partners represented the tenant. Kristen Rabel, Parker Duffie and Marilyn Guion with CBRE of Houston handled the transaction for the landlord, Riverway Holdings LP / South Post Oak.
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Japanese bookseller Kinokuniya Book Stores of America Co., known for its selection of anime and manga titles, is in soft opening for a location in Phase II of Katy Grand, a NewQuest Properties development in west Houston at the Interstate 10 and Grand Parkway (TX-99) interchange. The center was developed by NewQuest Properties.
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BD Advisors, LLC leased 5,185 square feet at 2727 Allen Parkway in Houston. Grayson Wallace with Cushman & Wakefield represented the tenant, while Kristen Rabel and Elliott Hirschfeld with CBRE in Houston represented the landlord, American General Life Insurance Company.
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Texas Northpoint LLC sold four commercial acres along Tomball Parkway (TX-249) in Tomball to Tomball Integrated Investments LLC for development of a 60,000-square-foot medical office project. Jeff Lokey and Ashley Strickland of NewQuest Properties represented the seller. Robert Garcia of Brauman Realty Inc. represented the buyer.
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Spirit Environmental renewed its office lease for 8,915 square feet at 20465 SH 249 in Houston. Kevin Barr with Mohr Partners Inc. represented the tenant. Steve Rocher and Marilyn Guion with CBRE in Houston represented the landlord, SG Cypress Real Estate Ventures I, LP.
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Timewise signed a ground lease for 2.45 acres at The Grand at Aliana, located at West Grand Parkway S. and West Airport Boulevard in Richmond, with NewQuest Properties. Josh Friedlander and David Meyers of NewQuest Properties represented the landlord. Dave Ramsey of NewQuest Properties represented the tenant.
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Dini Spheris renewed its lease for 7,647 square feet of office space at 2727 Allen Parkway in Houston. Steve Burkett with JLL represented the tenant. Elliott Hirshfeld and Kristen Rabel with CBRE represented the landlord, American General Life Insurance Company.
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Newmark Knight Frank participated in several recent transactions, including five in Houston:
- Innovative, Inc. signed a new office lease for 12,905 square feet at Weslayan Tower, 24 Greenway Plaza. NKF agents Joshua Brown and Kaitlyn Johnson represented the tenant; Granite Properties Inc. represented the landlord, Weslayan Partners, Ltd.
- Gridforce Energy Management, LLC secured a new 12,702-square-foot office lease at 1301 Fannin Street. Michael Lisch and John Luck of NKF represented the tenant.
- Pacheco Koch Consulting Engineers signed a 5,077-square-foot office lease at Four Chasewood, 20329 SH 249. John Beach Jr. of NKF represented the tenant; Transwestern Commercial Services handled leasing for the landlord, Genesis Capital Partners XVII, LP.
- Reactor Eye, Inc. signed a 2,676-square-foot office sublease at Enclave on the Lake, 1255 Enclave Parkway. Andy Iversen and John Luck represented SBM Offshore; Exeter 1255 Enclave, LP was the tenant.
- Spectrum Life Sciences, LLC leased 901 square feet at Red Oak Atrium, 17115 Red Oak Drive. David Husid and Taylor Scheps represented the tenant; Transwestern represented the landlord, Medcap Properties II, LLC.
Outside Houston, Burns Charest, LLP secured a 20,323-square-foot industrial lease for expansion at 900 Jackson Street, Grand Haven, Michigan. NKF’s Reggie Beavan III and Andy Iversen represented the tenant; the landlord is Jackson Wood, Ltd.
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NAI Partners arranged a 1,250-square-foot lease for Papa John’s Pizza at Cypress Landing Shopping Center, 3040 FM 1960 East. Jason Gaines of NAI Partners represented the landlord; Jim Pappas represented the tenant.
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Crumbl Cookies signed a 1,494-square-foot lease at 7077 FM 1960 E in Humble, Texas. Jazz Hamilton and Rusty Lilley with CBRE in Houston represented the landlord, 2ML Properties.
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Supreme Greens LLC, doing business as SALATA, leased 3,515 square feet at 314 Sawdust Road in The Woodlands for a new restaurant location. Brian Ashby and Sydney Dixon with CBRE Houston represented the landlord, Watumull Woodlands I, LLC.
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BurgerIM leased 2,001 square feet of retail space at Metropark Square Shopping Center, 8888 Metropark Drive, Shenandoah, from Metropark Square Ltd. Rebecca Le and Grace La of NewQuest Properties represented the landlord. Jesse Hernandez of Huntington Properties represented the tenant.
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5.11 Tactical signed a 3,890-square-foot retail lease for a new store at 16322 Southwest Freeway in Sugar Land. Brian Ashby and Sydney Dixon with CBRE Houston represented the tenant. Katy Jones with Investar represented the landlord, Hooten Family Trust.
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TEXAS TRADES
NAI Partners arranged a 28,148-square-foot industrial lease for Florida Water Products at 10000 Jones Maltsberger Road in San Antonio. NAI Partners’ Brett Lum, Cody Woodland and Carlos Marquez represented the tenant. Florida Water Products serves the swimming pool industry.
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On behalf of Geyer Morris Company, CBRE announced additional openings and new leases at the Shops at Broad, a 430,000-square-foot mixed-use development at Highway 287 and Broad Street in Mansfield, Texas. Previously announced tenants James Avery, MOD Pizza and Flix Brewhouse are scheduled to open in late 2019 or early 2020. Four new restaurant leases have been signed for 54th Street Grill, McAlister’s Deli and First Watch, which are scheduled to open in Q1 2020, along with Torchy’s Tacos, slated to open in mid-2020. CBRE’s Andrew Lehner and Claire Galpern are marketing the project.
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JLL closed the sale of Vintage Plaza, a three-building shopping center totaling 40,612 square feet in Round Rock, north of Austin. JLL marketed the property on behalf of the seller, Ironwood Real Estate. SITE Centers Corp. purchased the asset, which was completed in 2003. Vintage Plaza was 93.4% leased at the time of sale. The JLL Capital Markets team was led by Cathy Nabours, Walter Saad, Kyle Shaffer and Josh Villarreal.
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A California partnership sold its last Texas holding, the five-building Switzer Business Park in northeast Dallas, to a Fort Worth-based limited liability company. The 95%-leased property totals 123,000 square feet at 10840–930 Switzer Ave. More than 60 tenants occupy a mix of office, industrial and flex spaces serving small and medium-size businesses. Brian Pafford of Bradford Commercial Real Estate Services and Jason Finch of Switzer Business Park Dallas LP were involved in the transaction. The buyer is G.W. Floyd Ventures, LLC, which retained Bradford to continue leasing the property.
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SkyWalker Property Partners sold a fully leased medical office building in central Arlington to a 1031 exchange buyer, marking the first sale for its fund, When Opportunity Knocks LLC. The all-cash sale closed in 40 days. The 13,382-square-foot medical office at 809 W. Randol Mill Road houses a USMD multi-specialty clinic and sits adjacent to the 369-bed Texas Health Arlington Memorial Hospital.
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A Canadian investment group sold the 152-unit Antiqua Village Apartments in southeast Fort Worth, a property positioned for future redevelopment. Occupancy was 93.5% at the time of sale for the 10-building complex at 5320 E. Rosedale St. The property is part of the Cavile Place Neighborhood Transformation Plan, a 15-year initiative to revitalize the area locally known as Stop Six. Sam Pettigrew, partner at Cantrell Co. & Partners, represented the seller, Republic Antiqua Village LP. The buyer of record is M&D Antiqua Village LLC, a Texas-based entity.
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NAI Partners San Antonio arranged an 11,200-square-foot industrial lease for CANVAS at 9815 Broadway Street in San Antonio. NAI Partners’ Cody Woodland, Brett Lum and Carlos Marquez represented the tenant. CANVAS, headquartered in San Antonio, is a wholesale distributor of fashion jewelry.
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