RNR Real Estate Briefs – HOU, AUS, DAL, SAT – and more

RNR Real Estate Briefs from Realty News Report-HOUSTON- Lee & Associates–Houston and Lee & Associates–Oakland represented Weee!, Inc. in connection with the leasing of 117,632 square feet of cold storage distribution space on 6.5 acres at 3350 and 3550 Rogerdale Road in Houston. Mike Spears and Frank Blackwood of Lee & Associates – Houston, as well as Chris Schofield of Lee & Associates — Oakland, represented the tenant.

HOUSTON—The law firm Mott & Moffett, LLP, signed a lease for the entire second floor at 4301 Yoakum Blvd. in Montrose. The structure is a renovated building built in 1919. The law firm, which is moving from the Lyric Tower to downtown, was represented by Tucker Fama with Axis tenant advisors.The owner was represented by Ashley Casterlin with Davis Commercial.

HOUSTON — NAI Partners arranged the sale of 5606 Harvey Wilson Drive, a 39,445 square foot warehouse. NAI Partners Chris Kugle represented the seller, 5606 Harvey Wilson LLC, and Steven O’Connor of PrinGroup Commercial represented the purchaser, HW 5606, LLC.

HOUSTON– Lee & Associates–Houston represented Jackrabbit Road Industrial, LLC, in the 14.6-acre lease at 9330 Jackrabbit Road in Houston.CE “Trey” Erwin III of Lee & Associates – Houston represented the owner.

HOUSTON– JLL Capital Markets closed the sale and arranged the financing for the acquisition of a 72,980 square foot industrial property portfolio in Houston. JLL marketed the wallet for the seller, Bit group. Houston-based NDP Interests, LLC acquired the asset. JLL obtained an acquisition loan from First Community Credit Union. The portfolio includes properties located at 9841 Windmill Park Lane, 20404 Whitewood Drive and 1114 Seaco Ave. Single-tenant properties are fully leased to Global Drilling Support; Forge Systems and Intertek USA. JLL Capital Markets’Thirty Agnew and Charles Strauss represented the seller. Michael Johnson of JLL Capital Markets Debt advice represented the borrower.

CYPRESS, Texas – iCode has leased 2,327 square feet of office space in Cypress Village Station at TX 290 and Skinner Road, Cypress, De Properties of NewQuest. Kevin Sims of NewQuest represented the owner. Chad Littleton of hill of tomorrow represented the tenant.

SABINE PASS, Texas – Lee & Associates–Houston represented DCP Sabine Holdings, LLC, in connection with the lease of a 3,848 square foot manufacturing building on 5.2 acres at 5500 South 1st Ave. at Sabine Pass. CE “Trey” Erwin III and Mike Spears of Lee & Associates–Houston represented the owner.

CONROE, Texas – Ron Brown of MHW Brokerage Services represented the purchaser, ICA Properties, in the purchase of 7.7 acres from Stoecker Corporation. The stretch is just north of Hwy 105 East on the North Loop 336 East in Conroe.

HOUSTON — Lane 8 Family Entertainment has leased 12,500 square feet in the Hollister Pointe Mall, located at 13147 Northwest Freeway. The owner was represented by Wes Miller by Wulfe & Co.

THE WOODLANDS, Texas – ClearWorth Capital has acquired the Parc at Woodmoor, a 220-unit multifamily property in The Woodlands. ClearWorth Capital is a Texas-based multi-family owner and operator managed by Matthew Peter.

HOUSTON— Venterra Real Estate recently sold Bala Woods to Kingwood, a 261 unit apartment community in Kingwood.

SUGAR LAND – Eye Hub has leased space in the new Riverstone Place, a Wulfe & Co. development, located at 18802 University Blvd. in the land of sugar. The tenant was represented by Chris Boyd of Xite Realty and the landlord was represented by Kristen Barker of Wulfe & Co.

TEXAS- RNR Real Estate Briefs from Realty News Report

LEWISVILLE, Texas— Necklaces announced the lease of 8,650 square feet in the Fairway Business Park at 1501 Fairway Drive in Lewisville. The tenant, ARC Franchise Holdings DFW, was represented by Tommy Seculars of Rubicon representation. James Ewing from Colliers to Dallas and Tom Condon Jr. de Colliers in Houston/The Woodlands represented the owner, GDT Interests.

AUSTIN— NAI partners arranged a 4,577 square foot office lease for International Accelerator at Canyon at Wild Basin, located at 115 S Wild Basin Road in Austin. NAI Partners Alex Taghi represented the tenant, International Accelerator, a venture capital firm. The owner, CapRidge Partners, was represented by JLL’s Colton McCasland.

SAN ANTONIO – Sente Mortgage has leased 2,500 square feet at 14701 San Pedro Ave. in San Antonio. Kyle Kennan of NAI Partners represented the owner, Grand Slam Holdings, Ltd.

DALLAS — Five months after launching, Principal Investments has nearly doubled the size of its headquarters in Highland Park West, adding 4,545 square feet of office space to keep pace with its growth. Jared Lake and Richard Collinsworth of Bradford Commercial Real Estate Services participated in the transaction.

SAN ANTONIO- Lument arranged two Fannie Mae loans totaling $32 million to refinance two multi-family communities in San Antonio: Auburn Creek, a 224-unit garden-style community for $17.5 million; and Fairways 5, a 205-unit garden-style community for $14.5 million. The owner is Lynd Company, owner of 15,000 units at 75 properties in Texas. Marc Suarez de Lument led the refi.

NATIONAL – RNR Real Estate Briefs from Realty News Report

LAS VEGAS, Nevada— Cushman & Wakefield managed the sale of South Beach Apartments, a 2017 220-unit apartment community in Las Vegas. The buyer, Logan Capital Advisors, acquired the property for $97.5 million, or $443,180 per unit. Taylor Sims, Carl Sims and Brady Cleary with Cushman & Wakefield Multi-Family Advisory Group in Las Vegas represented the seller, Griffin Capital.

CORAL GABLES, Florida — Patrinely Group announced the start of construction of its capital projects at the Columbus Center in Coral Gables. Located at 1 Alhambra Plaza, the project is a 263,000 square foot office and retail complex. Working with USAA Real Estate, the building’s majority owner, Houston-based Patrinely Group, is remodeling common areas by updating the front entrance and main lobby, among other renovation plans. Patrinely Group manages and oversees the rental of the property alongside the CBRE equipped with Maggie Kurtz, Kevin González and Jack Freeman.

BALTIMORE, Md. – Transwestern Real Estate Services announced that its Mid-Atlantic Multifamily Group has negotiated the sale of two value-added communities in Glen Burnie, Maryland: Annabal Apartments, with 150 units at 7491 E. Furnace Road and Glen Burnie Town Apartments, with 55 units at 201 Crain Highway N. Promark Properties sold the assets to Gelfund Real Estate Opportunities for $40.2 million, or $197,059 per unit. Transwestern dean sigmon, Robin Williams, Justin Shay and Michel D’Amelio negotiated the transaction.

MIAMI – Four commercial properties owned by a Cuban-American real estate investment firm have been financed with loans guaranteed by Eastern Union loan originator Andy Gamez, who is based in Las Vegas.Mr. Gamez specializes in securing financing for Hispanic-American owners and investors,” the company said in a press release.

March 5, 2022 Realty News Report Copyright 2022

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