HOUSTON – (RNR) CBRE announced two new leases at Underwood Port Logistics Center and Bayport North Logistics Center I. A global e-commerce company leased 402,648 square feet at Underwood Port Logistics Center, located at 4600 Underwood Road in Deer Park. Frederick Trucking leased 102,863 square feet of bulk distribution space at Bayport North Logistics Center I, located at 9701 New Decade Drive in Pasadena. The landlord, an affiliate of Triten Real Estate Partners, was represented by Joseph Smith, Patrick Rollins, Jason Dillee and Andrew Jewett of CBRE. Dedrik Pharis of CBRE’s Inland Empire, California office represented the tenant at the Underwood Center, and Chris Haro of NAI Partners represented Frederick Trucking.
HOUSTON — 10631 Corporate Drive Realty, LLC purchased a Class A corporate office and food processing facility at 10631 Corporate Drive in Sugar Land. The property contains 153,000 square feet of combined office, freezer-cooler warehouse and food processing space. Zane Carman and Clay Pritchett of NAI Partners represented the buyer, a nationwide food manufacturing company. JLL’s Jarret Venghaus, David Buescher and Jordan Raney represented the seller, Midway Corporation Partners, LP.
HOUSTON — John Hornbuckle of Cypressbrook Company represented tenant ReoTemp Instrument Corp. in leasing 31,432 square feet of office/warehouse space at 13770 Hollister Drive. Logan Greer with Insite Realty represented the landlord, EastGroup Properties, LP.
HOUSTON – Methodist Hospital leased 18,825 square feet in Park 288 at 3710 Reed Road in Houston, bringing the business park to full occupancy. Jude Filippone of Transwestern represented the landlord. Coy Davidson of Colliers International represented Methodist Hospital.
HOUSTON – Houston-based medical practice Texas Laparoscopic Consultants leased 9,130 square feet at the Museo Medical Office Building, currently under construction at 5115 Fannin St., with completion slated for fall 2021. TLC, which has performed more than 9,000 weight-loss procedures, was represented by counsel Nadim I. Cook and David L. Smitherman of Porter Powers, PLLC. Brandy Bellow Spinks and Nelson Udstuen, CBRE specialists in healthcare and life sciences, led the representation for Museo, in conjunction with attorney Nathan E. Grote of the law office of Gary E. Grote.
HOUSTON – ARK Petroleum Ventures Inc. purchased the property at 2501 Braeswood Blvd., a 29,664-square-foot parcel near the Texas Medical Center, from SUK Interests. ARK plans to reopen a convenience store and gas station on the site. David Gerber of Gerber Realty represented the seller; David Greenberg of Greenberg & Company represented the buyer.
HOUSTON – Torchy’s Tacos leased 3,951 square feet at Waterview Town Center at Grand Parkway (SH 99) and Grand Mission. The tenant’s broker was Jamie Weaver of Arena Realty. Matt McKinnerney and Lane Pleason served as brokers for the landlord, Read King Commercial Real Estate.
CONROE – Archway Properties sold a 71,750-square-foot manufacturing facility in Conroe Park North to LaserWeld Inc., marking the company’s second Greater Houston location. The building sits on 10.5 acres at 3479 Pollok Drive in Conroe and was completed in 2017. LaserWeld, a sheet and plate metal fabricator, valued the site for its ability to expand the structure to 129,250 square feet.
HOUSTON – Yang Ming Marine Transport leased 34,510 square feet for its regional office at 3250 Briarpark Drive. Don Foster of JLL represented the tenant. Kristen Baker and David Baker of Transwestern represented the landlord.
HOUSTON – Kimberly DeVos of Cypressbrook Company represented tenant WISE Dermatology, PLLC in leasing 2,651 square feet of medical office space at 13333 Dotson. The landlord, Dotson MOB, was represented by Blake Virgilio of Colliers International.
HOUSTON – Edge Capital Markets brokered the sale of 3222 Hillcroft Ave. Micha van Marcke and Chace Henke of Edge represented the seller. The property is a 17,150-square-foot medical office building with convenient access to multiple highways.
HOUSTON – An Express Oil Change leased 34,527 square feet in the Park Lakes Landing shopping center at Beltway 8 and Wilson Road. Greg Slusky of Sluco Realty represented the tenant. Matt McKinnerney and Lane Pleason were brokers for the landlord, Read King Commercial Real Estate.
NASSAU BAY – Dickey’s Barbecue leased 2,520 square feet in Nassau Bay Town Center at 1850 E. Nasa Parkway. The tenant was represented by Eddie Lang of Quenby Commercial, LLC. The landlord was represented by Wes Miller of Wulfe & Co.
HOUSTON — An undisclosed buyer purchased Bennington Street Business Park, a two-building warehouse portfolio totaling 33,000 square feet at 301 Bennington St. in northeast Houston. The property, on 1.26 acres, was built in 1979. Jim Autenreith and Stephen Ghedi of Moody Rambin’s Industrial and Investment division represented the seller, an undisclosed investor.
HOUSTON – Patricia Chesser of Cypressbrook Company represented the landlord, Woodmark Capital, in a lease at 1776 Woodstead Court. Luisa Watts of Coldwell Realtors United represented the tenant, HomesGo, LLC.
HOUSTON – NAI Partners’ Chris Caudill arranged a 4,650-square-foot renewal for Mustang Samplings at 3955 World Houston Parkway. Dayne Wunderlich of Insite Realty represented the landlord, EastGroup Properties.
TEXAS – RNR Real Estate Briefs
FORT WORTH — Crow Holdings and James R. Harris Partners announced the sale of 389 acres in west Fort Worth, Texas. Chris Harden and Ryan Duffie of Cushman & Wakefield represented Crow Holdings and James R. Harris Partners in the transaction. LGI Homes acquired the land.
GAINESVILLE – The 315,000-square-foot, 42-acre Liberty Crossing property at 4321 N. I-35 is being marketed as a redevelopment opportunity by John St. Clair of Younger Partners. The six-building complex was originally developed as an outlet mall at I-35 and Liberty Way (FM 1202) in Gainesville.
FORT WORTH – Lee & Associates completed the $8,110,000 sale of a 92,450-square-foot distribution building leased to Federal Express. Built in 1998 as a build-to-suit for the tenant, the building sits on 10.4 acres at 5601 Mark IV Parkway in Fort Worth, near Interstate 820 and Interstate 35W.
ARLINGTON — Bradford Commercial Real Estate Services finalized a leasing surge at Arlington Downs Tower after renovating the lobby, securing one new tenant, two expansions and three renewals within 30 days. The activity locked in 17,537 square feet for the long term in the 87,411-square-foot office tower at 2225 E. Randol Mill Road in the Arlington Entertainment District. Bradford’s Richmond Collinsworth and Erik Blais lead leasing for the project. Creator Age Inc., a technology development company, leased 2,958 square feet; Sheryl Pickens of Pickens Ridnour represented the tenant, formerly Spring St. Productions.
AUSTIN – A group led by Ocean West Capital Partners acquired the 567-bed Moontower student housing project near the University of Texas.
IRVING – Cantor Fitzgerald Investors, together with an affiliate of CAF Management, acquired the 444-unit Station at MacArthur apartments in the Las Colinas submarket of Irving.
Nov. 7, 2020 Realty News Report Copyright 2020
File: RNR Real Estate Briefs