HOUSTON – (RNR Real Estate Briefs) Reed Vestal, Taylor Schmidt and John Erck of Lee & Associates – Houston represented Roland 5, LLC in the sale of five acres on Roland Road in Katy. Travis Wallach with Fulshear/Katy Realty Partners represented the buyer, DI Land Holdings, LLC.
Lee & Associates – Houston also represented TSF Tomball, LLC in the sale of a 68,000-square-foot industrial property at 19902 Hufsmith-Kohrville Road in Tomball. Patrick Wolford of Lee & Associates – Houston represented the seller.
HOUSTON — NAI Partners arranged a 5,030-square-foot industrial lease for landlord Meyao, LLC at 10801 Brooklet Drive in Houston. Premier Realty Services leased the building. NAI Partners’ Chris Caudill represented the landlord in the transaction. Premier Realty Services provides signage installation and removal, supra/lockbox storage and placement and videography services focused primarily on the residential real estate market.
Ehrlich & Associates Medical Clinic has leased 6,572 square feet at Kirby Oaks Shopping Center, 2535 Kirby in Houston. L. Ehrlich & Associates is an internal medicine practice serving the Greater Houston area for the past 19 years. The tenant was represented by Elise Weatherall of Wulfe & Co.
Weitzman has been named the exclusive leasing agent for two specialty retail projects inside Houston’s Inner Loop: a center at 550 Heights Boulevard near White Oak Drive, and another at 2027 S. Shepherd Drive. Walker Kane and Andrew Phelan with Weitzman will handle leasing for both properties.
Idea Public Schools executed a 22,000-square-foot lease in the Beltway Industrial market within Houston’s Northwest Corridor. CMI’s Trent Vacek represented the landlord, Blum Beltway, LP. Idea Public Schools recently expanded into the Houston market with two locations and has a third site under construction.
World Finance Corporation leased retail space at 10404 Gulf Freeway in Houston. Jason Gibbons of Finial Group represented the tenant. Mayur Shah with Matador Realty Group represented the landlord.
HOUSTON – Core Park Row Place, Ltd. has assigned property management rights for Park Row Place, 17900 Park Row, to Central Management, Inc.
Gary Triplett of CMI Brokerage handled several leases at Glenroyal Warehouse Park in Houston. New tenants include Shannon O’Brien, Nichols Next Generation Remodeling, Wilsa, Inc., Rainbow Contractors, B.L. Brannan and Designer Concepts.
Texas
DALLAS – 1000Bulbs.com has leased 203,040 square feet in Urban District 30, a business park being developed by Urban Logistics Realty. Stream Realty Partners’ Blake Kendrick and Seth Koschak represented the tenant, while Stream’s Matt Dornak and Drew Feagin represented Urban Logistics Realty.
AUSTIN – Patton Jones, vice chairman of Newmark Knight Frank, led the sale of two large multifamily assets: Regency Park, a 528-unit community in south Austin, and Travis at the Lake, a 312-unit community in west Austin. Together these dispositions and associated financing exceed $250 million. Greystar acquired Regency Park; San Antonio-based Kairoi Residential sold Travis at the Lake. Both transactions were financed by Matt Greer, Executive Managing Director in NKF’s Multifamily Capital Markets Debt and Structured Finance group in Austin.
SAN ANTONIO – Provident Realty Advisors of Dallas is redeveloping the former Friedrich air conditioner plant site on East Commerce Street. The project, called Friedrich Lofts, will include 347 units and a projected cost of $68 million. The San Antonio Housing Trust Public Facility Corp. is participating in the development.
AUSTIN – Pearlstone has begun development of Cascade Condominiums, a 113-unit project at the intersection of 25th Street and Longview Street in historic Old West Austin. Mark Hart Architecture is the designer and Bartlett Cocke is the general contractor. Jason Botello of Prospect Real Estate is the lead sales agent; presales are scheduled to begin in October with prices ranging from $280,000 to $635,000. Two commercial units will also be offered for sale.
TIOGA, Texas – SVM Estates acquired 67.7 acres on the west side of Highway 377, north of Shawnee Drive in Tioga, roughly 60 miles north of Dallas. Younger Partners’ Ben McCutchin represented the seller, Gene McCutchin. The property, currently used for grazing, will be held for long-term investment and sits adjacent to the new Tioga High School.
DALLAS – GroundFloor Development, led by Brandon Bolin, launched the Kessler West residential project in North Oak Cliff. The development will include 20 modern townhomes and a 28-unit boutique podium midrise. Bank OZK is providing construction financing, mezzanine financing comes from Civitas Capital’s Grow South Fund, and investment partner Liont LLC is led by Matt Martorello. Home sales will be handled by Al Coker & Associates.
DALLAS – Coca-Cola Southwest Beverages, a company of Arca Continental, signed a lease at Two Lincoln Centre, an office campus owned by Nuveen Real Estate, the investment manager for TIAA. Matthew Schendle and Clint Madison of Cushman & Wakefield represented Nuveen, while Conor McCarthy and Greg Biggs of JLL represented the tenant.
DALLAS – Dll Asbestos Trust leased 8,521 square feet of office space in Merit Tower, 12222 Merit Drive, from LLL Four Forest, LLC. Jared Laake, vice president of Bradford Commercial Real Estate Services, represented the landlord. Brenda Ridnour of Pickens Ridnour LP represented the tenant.
PLANO – Central Management, Inc. has been engaged by Brajevich Family Partnership, LP to manage and lease 11,539 square feet of retail space at 2201 McDermott Road in Plano. Representing CMI was Jan Echard, vice president.
DALLAS – TRUE Space Inc. leased 1,120 square feet of office space in Merit Tower, 12222 Merit Drive, from LLL Four Forest, LLC. Jared Laake of Bradford Commercial Real Estate Services represented the landlord. Gary Krajecki of Palmer House Properties represented the tenant.
AUSTIN – Ten Eyck Landscape Architects, Inc. (TELA) announced the integration of Ecosystem Design Group (EDG) into the firm.
National
CHARLOTTE, N.C. – Stonebridge Investments acquired the 264-unit Magnolia Terrace apartments in the UNC Charlotte/University City submarket. JLL Capital Markets secured a $32.45 million Freddie Mac acquisition loan for Stonebridge Investments. Will Bateman is with Stonebridge Investments; the JLL Capital Markets team representing the borrower was led by Elliott Throne, Cory Fowler and Amit Kakar.
LAKELAND, Fla. – JLL Capital Markets arranged $45 million in refinancing on behalf of Covenant Capital Group for The Retreat, a 464-unit multifamily property in Lakeland, Florida. The JLL team representing the borrower was led by Elliott Throne, Campbell Roche, Amit Kakar and Drew Jennewein.
SACRAMENTO, Calif. – A Graceada Partners fund purchased the 148-unit Westlake Apartments near downtown Sacramento for $23.5 million.
LAS VEGAS, Nev. – CBRE will relocate its Las Vegas office to UnCommons, a $400 million, 40-acre mixed-use development, in early 2022. Established by Matter Real Estate Group and designed by Gensler, UnCommons is located at Durango Drive and the 215 Beltway. CBRE will occupy nearly 20,000 square feet—an entire floor of one of UnCommons’ five office buildings. The developer highlights UnCommons as Nevada’s first project constructed to WELL Building Standards and one of the first in the nation built to the WELL v2 pilot, a rating system that focuses on the health and wellness impacts of buildings.
Sept. 19, 2020 Realty News Report Copyright 2020
Caption: Houston’s Buffalo Bayou. Copyright 2020 Realty News Report. Photo credit – Ralph Bivins
File: RNR Real Estate Briefs.
File: NAI Partners, CBRE, Coca-Cola, UnCommons, WELL V2, Graceada Partners, Realty News Report RNR Real Estate Briefs.
