RNR Real Estate Briefs from the Realty News Report SPRING, Texas – NAI partner— the commercial real estate services business of Partners Real Estate Company — arranged a 43,230 SF office lease for Strike Construction, LLC at Wildwood Corporate Center I, 460 Wildwood Forest Drive in the spring. NAI partner Jon Silberman and Pierc Beyer represented the tenant, an engineering and construction company. The landlord was represented by CBRE’s Steve Rocher and Jason Presley.
KATY, Texas – Skin Spirit leased 2,500 SF for a medical spa at LaCenterra in Katy. CBRE represents the tenant evergreen advertising represented the landlord.
HOUSTON- Investing in Parkway real estate announced that RS&H, an employee-owned architecture, engineering and consulting services firm, is relocating its local office from West Houston to Greenway Plaza. RS&H signed a long-term lease for 9,850 SF in the Phoenix Tower. Newmarks Sarah Fredericks and Christian Nielsen represents RS&H. parkways Amanda fog negotiated on behalf of this company.
HOUSTON — Yardbird Furniture has leased 4,722 SF at 2433 University Blvd. in Rice Village, its first location in Texas and eighth nationwide. Yardbird sells sustainable garden furniture. Matthew Reed withSHOP companyrepresents Yardbird. The lessor, Toomey-Guseman Family, LTD, was represented by Ryan Neyland from Davis ad.
FRIENDSWOOD, Texas – Diamonds Direct will open a store adjacent to the Baybrook Mall at 18610 Gulf Freeway in Friendswood.
WEBSTER, Texas – Balanced Foods has leased 1,400 SF in the Baybrook Passage Shopping Center at I-45 and Bay Area Boulevard. The tenant was represented by Candice weather from Blavesco, Ltd. and the landlord was represented by Elise Wetterall from Wolfe & Co. The center was recently acquired by Gulf Coast Commercial.
SUGAR LAND, Texas – Rosati’s Pizza has leased 1,951 SF in the new Riverstone Place, a Wulfe & Co. development at 18802 University Blvd. The tenant was represented by Bruce Frankel from Frankel Development Group, Inc., and the landlord was represented by Kristen Baerker from Wolfe & Co.
HUMBLE, Texas- Travis Fitefrom Northmarqs Houston office, secured acquisition financing for Shops at Humble, a 28,820 SF Class B non-anchored retail property in Humble. The transaction was structured with a five-year term and a 25-year amortization schedule at an interest rate of 3.5 percent.
CONROE, Texas— NAI partner arranged a 9,000 SF retail lease with Action Behavior Center, LLC, located at Greenwood Place, 2174 N. FM 3083 Road in Houston. NAI partner Jason Gaines represented the landlord, Greenwood Place, LLC. Elena Bakin from necklaces represented the tenant.
KATY – Crackshack leased 4,000 SF for Southern Fried Chicken Restaurant at LaCenterra in Katy. NewQuest represents the tenant evergreen advertising represented the landlord.
TEXAS —RNR Real Estate Briefs from the Realty News Report
Dallas — Robinson Week Partner, a US master plan developer of industrial parks, begins construction of a new speculative distribution facility in South Dallas. The 410.102 SF Class A Development is located at 4501 Cleveland Road and is known as I-20 Dallas Crossing.
COLLEGE STATION, TEXAS — Neat ownership group has closed on 25 acres in the Millican Reserve for a single family home community of 55+ people. “People 55 and older have limited choices when it comes to active adult living in the College Station area,” said Jesse Durden of Kept Property.
PORT NECHES, Texas – Eagle Climatized Storage at 2300 Nederland Ave. in Port Neches, Texas was sold Marcus & Millichap.
SAN MARCOS, Texas— Trez Capital announced it has completed an equity investment in partnership with Thompson Realty Capital, LLC for the development of a 304-unit multi-family project in San Marcos called La Cima. With a total development cost of over US$50 million, the project represents an important addition to the company’s development fund, the Trez Capital Private Real Estate Fund Trust.
ARGYLE, Texas – Lightrider Electric Inc. has leased 3,000 SF of industrial space at Forum Business Park, 4687 Johnson Lane, Argyle, Texas from Americo Argyle, LP. Brandon Alexander and Jason Finch from Bradford Commercial Property Services represented the landlord
DALLAS- JLL capital markets arranged acquisition financing for 2801 NCX, a AA grade office building valued at 240,000 SF in the West Village area of Uptown in Dallas. JLL worked on behalf of the borrower, OliveMill Holdings and Hunt Realty Investments in partnership with Angelo Gordon to secure the five-year adjustable rate loan with a fund managed by AllianceBernstein.
GEORGETOWN, Texas – CelLink Corporation will open a facility in Georgetown to manufacture flexible circuits used in electric vehicles and battery storage units. The building will be located in the Gateway 35 Commerce Center, an industrial park created by Masterplan Titan Evolution. CelLink has selected Titan’s Building 1, a Class A, 294,297 SF structure strategically located in Georgetown between I-35 and SH 130. This new building is scheduled for completion in June 2022.
NATIONAL –RNR Real Estate Briefs from the Realty News Report
SEATTLE, Washington— new mark and Vulcan real estate announced the sale of the 635,000 SF Google-anchored Lakefront Blocks in Seattle’s South Lake Union neighborhood. Ken White, Rob Hannan and Michael Moell brokered the $802 million transaction.
INDIANAPOLIS, Ind. – Duke Realtya logistics real estate REIT, has received LEED (Leadership in Energy and Environmental Design) Silver certification for its Indianapolis corporate headquarters at 8711 River Crossing Blvd.
ATLANTA, Georgia – Based in Dallas Westmount Realty Capital purchased an industrial infill portfolio in Atlanta’s Norcross submarket, Atlanta Plaza 85. The 191,526 SF portfolio consists of nine flexible/light industrial buildings, with each building costing an average of 21,281 SF. Westmount also acquired Ashwood, a 160-unit gated community in Dunwoody, a suburb of Atlanta.
LAS VEGAS, Nevada — VICI properties acquired all real estate related to the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas for US$4 billion. The Venetian Resort Las Vegas, which has been under construction in phases since 1999, has three hotel towers. The 35-storey Venetian tower has 3,015 luxury suites. The 12-story Venezia Tower has 1,013 suites and the 50-story Palazzo Tower has 3,064 luxury suites. Also included are 225,000 SF of gaming space, 210 table games and 1,480 slot machines.
LITTLE SKIRT, Ark. — Tempus Real Estate Partneran Arkansas-based real estate investment partnership, announced the recent purchase of a 259,000 SF office campus at 11000 Viking Drive in Eden Prairie, Minn.
ETC. —RNR Real Estate Briefs from the Realty News Report
HOOVER, Ala. — Lake Homes Realty, RealSource Title Insurance and Real Estate Closing launch key growth initiatives along one of Alabama’s main thoroughfares. The companies plan to expand services, create 400 jobs over the next five years, and move to a new corporate headquarters in Meadowbrook off Highway 280 in Shelby County next year.
Lake Homes Realty currently serves 33 states and is a large lake real estate brokerage. RealSource operates in 12 states and will soon be expanding to more states.
“We viewed a wide range of available office space in Jefferson and Shelby counties and were very impressed,” he said Glenn S Phillips, CEO of Lake Homes Realty. “500 Corporate Parkway meets our current business needs while providing plenty of room for future growth. In addition to the building’s layout and amenities, the 500 Corporate Parkway offers excellent visibility from Highway 280 to support our branding.”
500 Corporate Parkway is owned and managed by SBD Partners Colliers International.
February 27, 2022 Realty News Report Copyright 2022
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