Nov 04

RNR – Real Estate Briefs from Realty News Report

HOUSTON — Partners Real Estate arranged the sale of an 8,035 – SF retail property located at 306 Main Street in downtown Houston. The property will be redeveloped into a new bar concept. Partners’ Ryan DeGennaro and Michael Keegan represented both the seller, G and G Group, and the buyer. Plans are in the works for transforming upper Main Street into a walkable entertainment environment, says Central Houston CEO Kris Larson.

HOUSTON — T-Mobile has leased 3,399 SF of space for a flagship concept store at Golden Plaza Shopping Center at 5727 Westheimer in Houston. The tenant was represented by Lunden McGill of Baker Katz, LLC, and the landlord was represented by Bunny McLeod of Wolfe & Co.

HOUSTON — Oxford Partners recently represented In-Home Attendant Services, LTD, in leasing 8,263 SF at 2990 Richmond Ave. Oxford Partners’ Perry Mazzone and Ryan Hartsell represented the tenant. The landlord, 2990 Richmond Management, LLC, was represented by Priscilla Alexander of Hansen Partners.

HOUSTON — Sublime Properties, LP, has sold a 75,767 SF manufacturing complex on 6.49 acres at 2430 Farrell Road to a Canadian family office. Marc Peeler of NewQuest Properties represented the seller.

MAGNOLIA, Texas — Montgomery County Emergency Services District Number 10 closed on two new properties in Magnolia that will house future fire stations for the Magnolia Fire Department in the 77355 Zip Code. The five-acre, 18600 Patricia Lane property was purchased for $830,000. The 32-acre, 15500 Coe Loop property was bought for $2,546,500.

HOUSTON — Pokemoto, Sadot Group Inc’s expanding Hawaiian Poke bowl restaurant leased 1,500 SF at 2174 Spring Stuebner Road in City Place. A mid-November 2023 debut is expected at The Market, one of two retail clusters within City Place, near the Grand Parkway and Interstate 45. Pokemoto joins an array of popular restaurants and service businesses in the 170,000 SF Kroker-anchored lifestyle center developed in a joint venture by Regency Centers and CDC Houston. Pokemoto franchisee Matt Judice was represented by Pouya Tiraie of the Weitzman Group.

HOUSTON — The marketing and sales company Strier Group Companies, leased 2,500 SF at 6161 Savoy Dr. The landlord, Affordable Real Estate Investments, LLC was represented by Tara Oliver of Oliver Commercial Real Estate and the tenant was represented by Ed A. Ayres of Houston Realty Advisors.

WILLIS, Texas — Total by Verizon has leased 1,400 SF or retail space in Sam Houston Town Center at Interstate 45 and FM 1097, Willis, from NewQuest Properties. Lara Lee LaMendola of NewQuest Properties represented the landlord.

OAK RIDGE NORTH, Texas — MHW Real Estate and La Michoacana Costa announced the opening of La Michoacana Costa, an all-natural ice cream, yogurt and smoothie shop. Nestled within the growing Robinson Plaza development at 27605 Robinson Road, Oak Ridge North, this is La Michoacana Costa’s second location in Montgomery County.

LIVERPOOL, Texas — Partners Real Estate arranged the sale of an 8.14-acre RV Park located at 8625 TX-35 in Liverpool. Partners’ Landan Dory and Cole Little represented the seller, Liverpool RV Park, LLC. The buyer was represented by Dakota Schmidt of Birdsong Realty.

DALLAS — Representing Novel Office, a Cushman Wakefield Dallas Agency Leasing team led by Cynthia Cowen and Rodney Helm has closed office-leasing transactions of nearly 50,000 SF at 5601 Executive Drive in Las Colinas.

ALLEN, Texas — Dallas-based restaurant Mesero is opening a new flagship location at The Farm in Allen, a 135-acre, mixed-use destination at the southeast corner of Sam Rayburn Tollway and Alma Drive in Allen, near Dallas. JaRyCo Development, LLC, led by Bruce R. Heller, is the project developer.

GRAPEVINE, Texas — Newmark arranged joint venture equity financing to develop 121 Commerce Center, an industrial project in Grapevine, three miles north of Dallas-Forth Worth International Airport. The 272,160 SF project will break ground in March. The Newmark team arranged the financing on behalf of the sponsor, GTIS Partners, a real estate development firm based in New York.

SAN ANTONIO — Partners Real Estate arranged the sale of a 12,970-SF retail property at 2714 West Avenue in San Antonio. Partners’ Landan Dory represented the seller, HW West Ave LP in the transaction. The buyer was represented by Roxana Tofan.

CORPUS CHRISTI, Texas — Buffalo Wild Wings GO has leased 1,750 SF in Saratoga Town Center at Saratoga Boulevard and Staples Road in Corpus Christi from NewQuest Properties. Nina Irwin of NewQuest Properties represented the landlord. Brent Glover of Primer Realty represented the tenant.

DeSOTO, Texas — JLL Capital Markets represented the seller in the sale of Southfield Park 35 – Building 5, an industrial facility totaling 489,310 SF in DeSoto, a suburb of Dallas. The property, developed by Seefried Industrial Properties and Affinius Capital, was delivered in September 2022. It sits on 34 acres 1.2 miles from I-20. JLL’s Trent Agnew, Tom Webber, Pauli Kerr, Parker McCormack, Matthew Barge and Keenan Ryan worked on the Deal.

ROUND ROCK, Texas — Desi Brothers Farmers Market, a U.S.-based grocery stores that focuses on flavors and foods from the Indian sub-continent and the Middle East, leased a 47,814 SF anchor building at Round Rock Crossing, a regional-draw shopping center at the southeast corner of SH-45 and IH-35, for its forth Austin-area location. Britt Morrison and Nick Naumann with Weitzman were project leasing agents for Round Rock Crossing. Michael DuBois with Dallas-based Pride Commercial Properties represented Desi Brothers.

GARLAND, Texas — SRS Real Estate Partners announced the sale of Marquis Logistics Building 2, a 74,758 SF industrial building in Garland’s industrial market at 3325 Marquis Drive. The warehouse is part of a new development in Garland. Reserve Capital Partners and equity partner Trinity Investors in Southlake developed the 194,000 SF property that delivered in April 2023. Shannon Johnston and Cooper Smith represented the seller, Reserve Capital Partners.


LAS VEGAS, Nevada — Howard Hughes Holdings has retained Cushman & Wakefield to oversee leasing for the Howard Hughes office portfolio in Summerlin, which includes locations in downtown Summerlin, the community’s 400-acre walkable urban core. The HHH Las Vegas portfolio includes 1700 Pavilion, a 265,898 SF building adjacent to the Las Vegas Ballpark. Other Class A office buildings at downtown Summerlin include On Summerlin, which is 207,307 SF and 88 percent leased, and Two Summerlin, 147,139 SF and 100 percent leased.

DENVER — Patrinely leased 6,600-SF of retail space in its Block 162 tower to Leven, a new concept from Colorado-based retauranteur known for Leven Deli. Leven will occupy the property’s largest ground level retail space, located at 1520 California Street adjacent to the RTD light rail station. Located at 675 15th Street, between Welton and California Streets in downtown, Block 162 is a 30-story, 596,295-SF, spec office building that is certified LEED Gold Core and Shell.

NEWPORT BEACH, California — Green Street, a provider of commercial real estate intelligence and analytics in the U.S. and Europe, has acquired Local Data Company (LDC) – a London-based provider of best-in-class properietary data and insights on Great Britain’s retail and leisure market. LDC is Green Street’s third acquisition since 2020, demonstrating the firm’s commitment to deliver more value to clients and strengthen its position in the market. “This acquisition enables us to provide more granular intelligence on one of the core sectors we cover to deliver deeper insights into the current and future state of the UK retail market,” said Jeffry Stuek Jr., Green Street’s CEO.

THE VILLAGES, Florida — JLL arranged $32.7 million joint venture LP equity and non-recourse construction financing for the developement of Townhomes at Powell, a 132-unit, townhome-style build-to-rent (BTR) community in Wildwood, Florida within The Villages MSA. JLL worked on behalf of the b orrower, Miami-based Agador Spartacus Development, led by principals Samy Cohen, Alberto Dichi and Alan Benenson.

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