RNR Real Estate Briefs from Realty News Report – HOUSTON — Onus Global Fulfillment Solutions expanded its lease by 89,533 square feet at Carson 249, located at 12202 Cutten Road. Dillon Dummit of Savills and Pablo Ng of United Heroes Realty represented the tenant. Justin Robinson and Jeremy Lumbreras of Stream Realty Partners represented the landlord, The Carson Companies.
SpaceManager Closets signed a 28,640-square-foot lease at Prologis Bondesen, 10633 West Little York Road. Chase Spence with Colliers International represented the tenant. Jeremy Lumbreras and Jeff Pate of Stream Realty represented the landlord, Prologis.
HOUSTON – Neat Stuff Boutique leased retail space at 511 West Little York. The landlord, Little York Beltline, was represented by James Sinclair with CMI Brokerage.
HOUSTON — Oxford Builders leased 6,000 square feet at Commerce Park Northwest, 6001 Stonington Road. Boone Smith and William Carpenter with Stream Realty Partners represented the landlord, Link Industrial Properties.
STAFFORD, Texas — Bellomy & Co. announced the sale of Boat & RV Storage of Sugar Land in Stafford, about 21 miles southwest of downtown Houston. The Class A facility includes 46 storage units on a 17,388-square-foot site. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the sellers, Danny and Lorraine Blumrick of Sugar Land. The team also procured the buyer, Hats Boat & RV Storage, LLC, based in Sugar Land.
HOUSTON – TT Stone expanded and renewed a lease for 70,238 square feet at Northwest Industrial Park, 5750–5730 Campbell Road. Geoff Perrott and Jeff Venghaus with Jones Lang LaSalle represented the tenant. Boone Smith and Garret Geaccone with Stream Realty Partners represented the landlord, DRA Advisors.
HOUSTON – Morrow Holding Co. sold a 2,912-square-foot retail building on 0.28 acres at 6702 Highway 6 South to TWF Properties. Austen Baldridge and Bob Conwell of NewQuest Properties represented the seller.
HOUSTON – Designs Brokers renewed its lease for 4,660 square feet at Silber Road Business Park, 2055 Silber Road. Patrick Buckoff of RE/MAX represented the tenant. Garret Geaccone and Boone Smith with Stream Realty Partners represented the landlord, Agellan Commercial REIT.
HOUSTON — Jason Gibbons of Finial Group secured an 8,840-square-foot lease at Willowbend Business Park. Finial Group represented the tenant, Stokes Freight Services, LLC, which is a licensed and bonded shipping and trucking firm operating out of Houston.
HOUSTON — Winfull Corp. signed a 6,860-square-foot lease at Corporate Park, 12613 Executive Drive. Heath Donica with Stream Realty Partners represented the tenant. Boone Smith and Garret Geaccone with Stream Realty Partners represented the landlord, Alpha Industrial Properties.
KATY – Craft Burger leased 1,242 square feet in the Mason Village Shopping Center at 21979 Katy Freeway. Craft Burger is an upscale burger restaurant with a downtown location and a popular food truck. Chef-owner Shannen Tune, a contestant and winner on Food Network’s “Chopped,” was represented by Pierre K. Yu, Inc. The landlord was represented by Wes Miller and Kristen Barker of Wulfe & Co.
DICKINSON — Finial Group represented the seller in the sale of one acre of land at 1350 FM 517 Road West in Dickinson. The parcel includes approximately 190 feet of frontage on FM 517 and is conveniently near Interstate 45, Highway 6 and Highway 3.
HOUSTON – Monolithic Precision Technology renewed its lease for 10,800 square feet at Commerce Park Northwest, 8601 Jameel Road. Jeremy Lumbreras and Boone Smith of Stream Realty represented the landlord, Link Industrial Properties.
EL CAMPO – Galaxy Nails leased space at West Loop Village Marketplace. The landlord was represented by Trent Vacek of CMI Brokerage.
TEXAS – RNR Real Estate Briefs
AUSTIN, Texas – Cushman & Wakefield announced it represented a client in the sale of 7000 West at Lantana, a two-building, 136,075-square-foot office complex in Southwest Austin. The C&W Sunbelt Institutional Capital Markets team included Mike McDonald, Ryan Stevens and Celeste Fowden. The office development is fully leased to AMD and Smith & Nephew.
DALLAS, Texas — Newmark announced the sale and financing of Veridian Place, a 228-unit, three-story multifamily property at 4849 Haverwood Lane in Dallas. Newmark’s Brian Murphy and Brian O’Boyle Jr. represented the seller, Florida-based American Landmark. Financing through Fannie Mae’s Green Rewards Program on behalf of the buyer, Orion Multifamily Investments, LLC, was secured by Matthew Mense, Henry Stimler and Bill Weber, along with Osman Baig.
FORT WORTH, Texas – JLL Income Property Trust, an institutionally managed daily REIT, acquired the Fort Worth Distribution Center, a newly built, Class A warehouse and distribution facility totaling 350,000 square feet in the North Fort Worth/Alliance submarket.
AUSTIN, Texas – JLL Capital Markets has been selected to market a 193-acre development site bounded by Highway 45, CR 172 and E. McNeil Road in the greater Austin area on behalf of the Robinson family. The JLL Capital Markets team includes Rusty Tamlyn, Davis Adams and Garrett Gilleland.
HASLET, Texas — Bellomy & Co. announced the sale of Life Storage in Haslet, a property located about 16 miles from downtown Fort Worth. The Class A self-storage facility includes 623 units and 22 parking spaces within 78,950 square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented the seller, 287 Willow Springs Storage, LP of North Richland Hills. The buyer was Angelo Gordon Real Estate, Inc., based in New York.
IRVING, Texas — TruAmerica Multifamily made its first investment in Texas by acquiring Arbors of Las Colinas, a 408-unit Class B apartment community in Irving. Built in 1985 and located at 10000 San Jacinto Drive, the community features one-, two- and three-bedroom apartments across 19 three-story residential buildings. Eric Calub, Greg Smith, Thad Wetterau and Paul Harris of The Moran Company represented both parties. TruAmerica Multifamily is an investment firm based in Los Angeles.
ARLINGTON, Texas – Lakeland West Capital, LLC sold a vacant multi-tenant office building in Arlington’s Interstate 20 commercial corridor. The asset is a 26,552-square-foot, single-story building on 4.85 acres at 701 E. Interstate 20. Erik Blais of Bradford Commercial Real Estate Services represented the seller of record, Lakeland West Capital 32, LLC of Waco. DUB C LP, a Fort Worth investment group, purchased the property with an all-cash offer and expedited timeline. Ryan Matthews and Cannon Camp of JLL represented the buyer.
SAN ANTONIO – Cushman & Wakefield arranged refinancing for a luxury, full-continuum senior housing community in the Alamo Heights neighborhood on behalf of Harrison Street and Franklin Park Senior Living. Franklin Park Alamo Heights, developed by Franklin Park and delivered in 2017, features 221 units of independent living, assisted living and memory care.
SAN ANTONIO – Passco Companies of Irvine, California acquired the 338-unit Lenox Overlook at 17715 Overlook Loop in San Antonio. The seller was Austin-based Oden Hughes, the developer of the apartment community.
NATIONAL – RNR Real Estate Briefs
SANTA ANA, Calif. – Lee & Associates negotiated the sale of 16.5 acres to Amazon on behalf of Caribou Industries. This parcel plays a key role in Amazon’s expansion in Southern California. The Lee & Associates Orange office team led the transaction and the sale price exceeded $63 million, making it one of the region’s largest transactions in 2020.
WILMINGTON, Ill. — Lee & Associates negotiated a long-term, build-to-suit lease for a 500,000-square-foot facility at 30260 Graaskamp Boulevard in Wilmington, Illinois. The project will be part of the 2,500-acre, rail-served Elion Logistics Park 55 in Will County. Walter Murphy, principal at Lee & Associates’ Illinois office, represented the tenant, Dynamic 3PL. Jeffrey Kapcheck and Jason Levo of CBRE represented the owner/developer, Elion Logistics Partners.
BEDFORD PARK, Ill. — Lee & Associates closed consecutive sublease and long-term direct lease transactions totaling 275,898 square feet at 6755 W. 65th St. in Bedford Park. Walter Murphy represented the tenant, United Furniture Import & Export. Jim Hustis of Colliers International represented the current tenant on the sublease while Larry Much and Steve Connelly of NAI Hiffman represented the owner.
FORT LAUDERDALE, Fla. — Marcus & Millichap announced the sale of Cypress Executive Center, a 140,635-square-foot office building in Fort Lauderdale’s uptown business district. ICM Cypress LP, an affiliate of Calgary-based ICM Realty Group, sold the asset at 1901 W. Cypress Creek Road to Cypress Corporate Center, LLC for $17,500,000.
INDUSTRY, Calif. — Lee & Associates – Commerce represented Canal Place Properties in leasing a 24,948-square-foot industrial building at 810 Canal Place for approximately $23,451 per month. Peter D. Bacci, Michael Tsaparian and JP Gormly represented the landlord. Mark Lombardo and John Scatoloni with Encon Commercial represented the tenant, Maqueda Foods Distributor, Inc.
Jan. 3, 2021 Realty News Report Copyright 2021
File: RNR Real Estate Briefs
File: (2): Lee & Associates; Colliers; CBRE; Stream Realty; Cushman & Wakefield; NAI; Wulfe; Houston; CRE
Photo: Downtown Houston. Credit: Ralph Bivins, Realty News Report Copyright 2020.