HOUSTON – (RNR Real Estate Briefs: HOU) — Colliers announced the sale of the Mason Creek Medical Office Building, a newly constructed, state-of-the-art, 30,000-square-foot facility on 3.9 acres at 21820 Katy Freeway in West Houston. The building is fully leased and occupied by two principal medical tenants: Village Family Practice, LLP, and Memorial MRI & Diagnostics, LLC, each on 15-year leases. The buyer was MMAC Acquisition Corp., also known as Montecito Medical Real Estate. Beth Young and Bob Parsley of Colliers International represented the seller, RK-VFP I, LLC (Read King).
Caliche Development Partners leased 5,677 square feet at 919 Milam Street in Houston. Elliott Hirshfeld, Steve Rocher and Nina Seyyedin with CBRE in Houston represented the landlord, Milam Houston Real Estate Holdings.
Resource Data leased 6,500 square feet at 15915 Katy Freeway. NAI Partners’ Griff Bandy and Joe Bright from the Office Tenant Representation Group represented Resource Data. NAI Partners’ Michel Sieger, Lesley Rice and Andy Parrish, from the Office Project Leasing team, represented the landlord, Dornin Investments.
Kayne Anderson Real Estate Advisors of Boca Raton, Florida, acquired a 99,798-square-foot medical building in Bellaire at 5420 West Loop South, just south of Westpark. Welltower REIT of Toledo, Ohio, was the seller. Chad Lavender and Ryan Maconachy of Newmark Knight Frank represented Welltower.
2978 Land Holdings, LP will develop an industrial warehouse and flex-office business park in south Montgomery County. The proposed 85,000-square-foot project, Woodgrove Business Park at FM 2978, will be located south of Woodlands Parkway in Magnolia. Everson Developments is the project developer, and leasing is handled by J. Beard Real Estate Co.
Foot Locker Retail, Inc. secured a lease for 3,000 square feet at 6057 Scott Street for a pop-up store. Brian Ashby and Sydney Dixon with CBRE Houston represented the tenant; Scott Capital Investment, Ltd. is the landlord.
The Howard Hughes Corporation announced the opening of PNC Bank at Hughes Landing, a 79-acre mixed-use destination in The Woodlands. PNC Bank opened on the ground level of Two Lakes Edge, the new eight-story multifamily building at 1975 Hughes Landing Boulevard on Lake Woodlands. PNC Bank is part of The PNC Financial Services Group.
Golden Max, LLC renewed its lease for 80,030 square feet on 6.7 acres at 12701 Directors Drive in Stafford. David Buescher and Jordan Raney with JLL represented the tenant. Steve King with CBRE Houston represented the landlord, Wallis Family Real Estate, Ltd.
Welcome Group, LLC, a Houston-based commercial real estate owner and developer, acquired 23 acres of industrial land on Cedar Boulevard in the Cedar Port Industrial Park in Chambers County for future industrial projects east of Houston. The move supports the firm’s growth and regional expansion goals.
DRW Texas, Ltd. leased 9,654 square feet at Three Riverway in Houston. Kristen Rabel, Marilyn Guion and Parker Duffie with CBRE represented the landlord, Dar 3 Riverway, LP.
Jolly Roofing & Contracting Co. purchased a 3,800-square-foot industrial building at 28917 Highway Boulevard in Katy. Doc Perrier of Finial Group represented the buyer.
Marlinz Pharma, LLC renewed a 4,432-square-foot lease at 15115 Park Row in Houston. Elliott Hirshfeld, Marilyn Guion and Joel Douthit with CBRE represented the landlord, Park 10 Tenant, LLC.
Sugar Land Town Square is now home to the first Houston-area location of Dallas-based Mattison Avenue Salon Suites & Spa. The salon occupies roughly 11,000 square feet on the second floor at 2181 Texas Drive in the 32-acre pedestrian-oriented village. About half of the 50 furnished suites have been leased to independent beauty professionals, with most already open and operating under safety measures to limit COVID-19 risk.
J-R 1726 Inc. purchased 11.96 acres at the intersection of Crawford and Tanner Roads in Houston from Payton D. Waters Sr., Payton D. Waters Jr., and Payton D. Waters, trustee. Brad LyBrand and David K. Meyers of NewQuest Properties represented the buyer. David Boyd of Boyd Commercial represented the seller.
Doc Perrier and Jason Gibbons with Finial Group secured a lease for Rubicon Ventures, LLC, at 1646 Rankin Road in Houston. The 19,800-square-foot industrial space is within the Central Green Business Park. Finial Group represented the tenant while Jeremy Lumbreras with Stream Realty represented the landlord.
Swanson Resources, LLC purchased a 6,660-square-foot warehouse on 0.59 acres at 6715 Theall Road in Houston from SME Associates Property Holdings, LLC. Jeff Lokey of NewQuest Properties represented the seller in the direct sale.
Jason Ridenbaugh and Josh Lass-Sughrue of NAI Partners’ Investment Sales Division arranged the sale of 1918 Antoine Drive, a 5,120-square-foot industrial building in Spring Branch. The seller was Pyramid Enterprises.
Texas
PORT ARANSAS — CBRE is marketing three future mixed-use development opportunities—Ocean Village, Hospitality Village and Lagoon Village—at Palmilla Beach Resort & Golf Community in Port Aransas. Palmilla Beach is a 500-acre master-planned, oceanfront resort with more than a mile of coastline and a scenic, 48-acre peninsula overlooking Corpus Christi Bay. McCombs Properties, owned by San Antonio businessman Red McCombs, is the developer. Carter Breed, Jeff Woolson and Tom Berry of CBRE’s Golf & Resort Group represent McCombs Properties.
ADDISON — Triten Real Estate Partners completed a $4 million renovation and rebranded the once-outdated six-story, 90,000-square-foot office building at 15110 North Dallas Parkway as “The Commons.” Leasing is being led by Ben Davis and Shannon Brown of CBRE.
SAN ANTONIO — Koontz Corporation announced the sale of Foster Ridge Distribution Center, a 327,000-square-foot Class A distribution facility near Foster Road and IH-10 E, to Exeter Property Group. Koontz developed the facility and completed construction in October 2019.
DALLAS — VEREIT, Inc. and Ocean West announced the acquisition of a 2.3 million-square-foot distribution and warehouse facility leased by The Home Depot in Dallas for $246.7 million. The newly constructed, build-to-suit asset is leased on a 20-year term and is strategically positioned for supply chain efficiency. The purchase is part of VEREIT’s industrial partnership with Korea Investment & Securities Co., Ltd., advised by Ocean West Capital Partners, LLC. CBRE brokered the sale.
AUSTIN — BAE Systems is building a 390,000-square-foot campus in Parmer Business Park in north Austin. Los Angeles-based Karlin Real Estate is the developer of the BAE campus. In a separate transaction, Karlin recently acquired BAE Systems’ 146-acre Tracor campus in east Austin, a deal handled by Jeff Emerick of CBRE.
NAI Partners’ Jorge Martinez represented San Antonio Counseling and Behavioral Center in the purchase of Biltmore on the Corner at 5522 Lone Star Parkway. Endura Advisory Group’s Rick Lagrange represented the seller, A&L Development.
National
In collaboration with Cushman & Wakefield’s National Industrial Advisory Group, Lee & Associates – Columbus represented Link Industrial in the sale of a 484,216-square-foot industrial building at 6201 Green Point Drive S. in Groveport, Ohio. Mike Spencer of Lee & Associates – Columbus assisted Cushman & Wakefield on the seller’s behalf in the transaction with Granite REIT.
ATLANTA — JLL Capital Markets closed the $43.9 million sale of an 811,000-square-foot distribution center at 860 John B. Brooks Road leased to Bed Bath & Beyond in Pendergrass, Georgia. JLL represented the seller, Oak Street Real Estate Capital, LLC, and an institutional investment group purchased the asset.
Aug. 15, 2020 Realty News Report Copyright 2020
File: RNR Real Estate Briefs: HOU… File: (2) RNR Real Estate Briefs: HOU, DAL, AUS, SAT +
Photo: Mason Creek MOB via Colliers International – File: RNR Real Estate Briefs: HOU
