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

RNR Real Estate Briefs from Realty News Report SPRING, Texas – INA partners— the commercial real estate services business of Partners Real Estate Company — arranged a 43,230 square foot office lease for Strike Construction, LLC, at Wildwood Corporate Center I, 460 Wildwood Forest Drive in the spring. NAI Partners Jon Silberman and Pierre Beyer represented the tenant, an engineering and construction firm. The owner was represented by CBRE’s Steve Rocher and Jason Presley.

KATY, Texas – Skin Spirit has leased 2,500 square feet for a medical spa at LaCenterra in Katy. CBRE represented the tenant and evergreen commercial represented the owner.

HOUSTON– Parkway Real Estate Investments announced that RS&H, an employee-owned architectural, engineering and consulting services firm, is relocating its local office to Greenway Plaza from west Houston. RS&H signed a long-term lease for 9,850 square feet in the Phoenix Tower. by Newmark Sarah Frederick and Kristian Nielsen represented RS&H. Parkway Amanda Nebel negotiated on behalf of that company.

HOUSTON — Yardbird Furniture has leased 4,722 square feet at 2433 University Blvd. in Rice Village, its first location in Texas and eighth nationally. Yardbird sells durable outdoor furniture. Matthew Roseau withSHOP Companiesrepresented Yardbird. The owner, Toomey-Guseman Family, LTD, was represented by Ryan Neyland of Davis Commercial.

FRIENDSWOOD, Texas – Diamonds Direct will open a store next to the Baybrook Mall at 18610 Gulf Freeway in Friendswood.

WEBSTER, Texas – Balanced Foods has leased 1,400 square feet at the Baybrook Passage shopping center at I-45 and Bay Area Boulevard. The tenant was represented by Candice Weeter of Blavesco Ltd.. and the owner was represented by Elise Weatherall of Wulfe & Co.. The center was recently acquired by Gulf Coast Commercial.

SUGAR LAND, Texas – Rosati’s Pizza has leased 1,951 square feet in the new Riverstone Place, a Wulfe & Co. development at 18802 University Blvd. The tenant was represented by Bruce Frankel of Frankel Development Group, Inc., and the owner was represented by Kristen Barker of Wulfe & Co.

HUMBLE, Texas – Travis Fitefrom by Northmarq The Houston office secured financing for the acquisition of Shops at Humble, a 28,820 square foot Class B unanchored strip retail building in Humble. The transaction was structured with a five-year term over a 25-year amortization schedule at an interest rate of 3.5%.

CONROE, Texas – INA partners has arranged a 9,000 square foot commercial lease with Action Behavior Center, LLC, at Greenwood Place, 2174 N. FM 3083 Road in Houston. NAI Partners Jason Gaines represented the owner, Greenwood Place, LLC. Elena Bakina of Necklaces represented the tenant.

KATY – Crackshack has rented SF4,000 for the Southern Fried Chicken Restaurant at LaCenterra in Katy. NewQuest represented the tenant and evergreen commercial represented the owner.

TEXAS-RNR Real Estate Briefs from Realty News Report

DALLAS— Robinson Weeks Partners, a developer of planned industrial parks across the United States, is beginning construction of a new speculative distribution facility in South Dallas. Located at 4501 Cleveland Road, the 410,102 square foot Class A development known as I-20 Dallas Crossing.

STATION COLLEGE, Texas — Maintained property group closed on 25 acres on the Millican Reservation for a 55+ single family home neighborhood. “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, TX – Eagle Climatized Storage at 2300 Nederland Ave. in Port Neches, Texas, was sold, according to Marcus & Millichap.

SAN MARCOS, Texas – Capital of Trez announced the closing of an equity investment in partnership with Thompson Realty Capital, LLC, for the development of a 304-unit multifamily project in San Marcos to be called La Cima. With a total development cost of over $50 million, the project marks a key addition to the company’s development fund, the Trez Capital Private Real Estate Fund Trust.

ARGYLE, Texas – Lightrider Electric Inc. has leased 3,000 square feet of industrial space in Forum Business Park, 4687 Johnson Lane, Argyle, Texas, from Americo Argyle, LP. Brandon Alexander and Jason Finch of Bradford Commercial Real Estate Services represented the owner

DALLAS- JLL Capital markets arranged the acquisition financing for 2801 NCX, a Class AA office building totaling 240,000 square feet in the West Village section of Uptown in Dallas. JLL worked on behalf of the borrower, OliveMill Holdings and Hunt Realty Investments in a partnership with Angelo Gordon to underwrite the five-year floating rate loan with a fund managed by AllianceBernstein.

GEORGETOWN, Texas – CelLink Corporation will open a factory 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, a planned industrial park created by Development of the Titans. CelLink selected Titan Building 1, a 294,297 square foot Class A structure strategically located in Georgetown between I-35 and SH 130. This new building is expected to be completed in June 2022.

NATIONAL –RNR Real Estate Briefs from Realty News Report

SEATTLE, Wash. – Newmark and Vulcan Real Estate announced the sale of the 635,000 SF Google-anchored Lakefront Blocks in the South Lake Union neighborhood of Seattle. Ken White, Rob Hannan and Michael Moll brokered the $802 million transaction.

INDIANAPOLIS, Ind. – Duke Real Estatea logistics real estate REIT, has achieved LEED (Leadership in Energy and Environmental Design) Silver certification for its Indianapolis headquarters at 8711 River Crossing Blvd.

ATLANTA, Ga. – Based in Dallas Real Estate Capital Westmount purchased an industrial infill portfolio in Atlanta’s Norcross submarket, Atlanta Plaza 85. The 191,526 square foot portfolio consists of nine flex/lightweight industrial buildings, with each building averaging 21,281 square feet. Additionally, Westmount acquired Ashwood, a 160-unit apartment community in Dunwoody, an Atlanta suburb.

LAS VEGAS, Nevada— VICIProperties acquired all real estate assets associated with the Venetian Resort Las Vegas and the Venetian Expo and Convention Center Las Vegas for $4 billion. The Venetian Resort Las Vegas, built in phases since 1999, comprises three hotel towers. The 35-story 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.

SMALL ROCK, Arch. — Tempus real estate partnersan Arkansas-based real estate investment partnership, announced the recent purchase of a 259,000 square foot office campus at 11000 Viking Drive in Eden Prairie, Minnesota.

ETC. —RNR Real Estate Briefs from Realty News Report

HOOVER, Alabama— Lake Houses Real Estate, RealSource Title Insurance and Real Estate Closing are launching major growth initiatives along one of Alabama’s major highways. The companies plan to expand their services, create 400 jobs over the next five years and move next year to a new headquarters in Meadowbrook, along Highway 280 in Shelby County.

Lake Homes Realty currently serves 33 states and is a large real estate brokerage on the lake. RealSource operates in 12 states and will soon expand to other states.

“We toured a wide variety of available office space in Jefferson and Shelby counties and were very impressed,” said Glenn S. Phillips, CEO of Lake Homes Realty. “500 Corporate Parkway has met our current business needs while leaving plenty of room for future growth. In addition to the building’s layout and amenities, the 500 Corporate Parkway provides excellent visibility from Highway 280 to contribute to our brand image.

500 Corporate Parkway is owned by SBD Partners and managed by International Necklaces.

February 27, 2022 Realty News Report Copyright 2022

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