Real Estate Letters – Texas and More

RNR Real Estate News from Realty News Report – – THE FORESTS – Necklaces announced the sublease of a 14,581 SF Class A office space at 1735 Hughes Landing Blvd. in The Woodlands. The subtenant, Skyline Industrial Supply, was represented by Tom Condon Jr., Jillian Fredericks, Norman V. Munoz, Michael Wu And Nic-canine of Colliers. The sublessor, ExxonMobil Corporationwas represented by Lonna Jenks, Beau Bellow And Ronnie Deyo by JLL.

HOUSTON — Oxford Partners represented Kureha America in the renewal of its 7,226 SF lease at Harwin Drive. Oxford Partners’ John Harris And Stephen Hazen represented the tenant, Kureha America. The landlord, PHP PWBC Venture LLP, was represented by Lesley Rice by Partners Real Estate.

MONTGOMERY, Texas – DR Horton Houses purchased 14.4 acres to add to the 138 acres it is developing as the Chapel Lakes community on Rabon Chapel Road in Montgomery, north of Houston. David Alexander of Newcor And Josh Cheatham facilitated the sale.

HOUSTON – Necklaces announced the purchase of an 89,000-SF industrial property on 9.7 acres at 15800 Export Plaza. The property was purchased by Apricus Real Estate Capital led by Garrett Marler, Cort Martin and Matt Haley and was represented by Jason Tangen and Paul Dominique of Colliers. The seller was represented by Jason Powell of Northmark.

KATY, Texas — Hilco Real Estate Sales is selling a 39,360-SF sports complex on 5.5 acres at 1808 Woodcreek Bend Lane in Katy. Built in 2019, the sports complex features four full-size courts that meet NBA and NCAA regulations for basketball and volleyball. The deadline for bids is September 18. The sale is being conducted by order of the US Bankruptcy Court United States District of the Southern District of Texas at Houston, Bankruptcy Petition No. 23-32826.

HOUSTON — Oxford Partners represented TexasFood.com, LLC, in the lease of 3,019 SF at 20220 Hempstead Road. Oxford Partners’ Julia Ly represented the tenant, TexasFood.com, LLC. The landlord, Fort Capital, was represented by Ryan Jong And Thomas Pfeifer by Fort Capital.

HOUSTON – The Final group announced a new lease for D Volt Co. at 4214 Dayco Street in Houston. Andrew Bischoff and Tyler Holt represented the tenant

THE WOODLANDS, Texas – Newcor has announced the leasing of 3,320 SF at 1755 Woodstead Court, securing full occupancy of a boutique office building. Ryan Dierker Newcor represented the landlord, Keyes Holdings LLC. The tenant was Diamond Consulting Group.

SUGAR LAND, Texas — Oxford Partners represented Agha Engineering in the lease extension and expansion of 9,744 SF at 1080 Eldridge Road. Oxford Partners’ Nathan Buckhoff represented the tenant, Agha Engineering. The landlord, Broadshore Capital Partners, was represented by Matthew Asvestas by Stream Real Estate.

TEXAS — RNR Real Estate News Report

AUSTIN — Necklaces And Northmark announced the sale of the Twin Towers multi-tenant office building in Austin on behalf of Omninet Capital. This is one of two transactions in Austin scheduled for 2024. The 203,221 SF property is located on 7.18 acres at 1106 Clayton Lane. It was 59 percent leased at the time of the sale. Northmarq’s Scott Lamontagne And Pursuit Gardner collaborated with Doug Rauls of Colliers, who represented Omninet, the seller. The buyer was represented by Michael Bullard by Dovetail Commercial.

SAN ANTONIO – JLL Capital Markets has completed the sale and financing of Cottages at Leon Creek, a 284-unit, build-to-rent (BTR) multi-housing project at 12839 Berthoud. The JLL team representing the seller consisted of Robert Arzola, Ryan McBride And Robert WootenThe BTR/Single Family Residential team consisted of Matthew Putterman And Daniele ColbertaldoJLL Capital Markets’ Debt Advisory team was led by Jayme Nelson, Brian Carlton And Leon McBroom.

ARLINGTON, Texas — Cushman & Wakefield arranged the settlement of Cooper I-20 Building C, a 401,115 SF industrial structure in Arlington. The firm Jim Carpenter, Jud Clements, Robby Rieke, Trevor Berry, Madeleine Supplee, David Eseke And Mark Collins represented Barings for sale.

AUSTIN — Partners Real Estate arranged the sale of Royal Palms Mobile Home & RV community at 7901 E Ben White Blvd. Partners’ Landan Dory represented the seller, Royal Palms Manufactured Homes and RV Community, Ltd.

SAN ANTONIO – CBRE has been awarded the lease for multiple build-to-suit industrial opportunities in southwest San Antonio. The three parcels of land total 657 acres and are adjacent to Union Pacific’s San Antonio Intermodal Terminal. Union Pacific, which owns the land, has partnered with Panattoni Development Company. to develop the sites, up to 7 million square meters of industrial space may be available.

NATIONAL — RNR Real Estate News from Realty News Report

SAN DIEGO, California.– Cushman & Wakefield brokered the lease of 50,573 SF of Class A industrial space at the new Britannia Tech Park in San Diego’s Otay Mesa submarket. The new tenant is Foxx Development of Irvine, California. Hines owns the project.

PHOENIX, Arizona — Dream Finders Housesone of the nation’s largest homebuilders, is expanding into Phoenix, where it recently closed on 300 homes in two communities. The builder, a publicly traded company based in Jacksonville, Florida, is ranked No. 12 in Pro Builder’s 2024 Housing Giants Report.

Atlanta, GA. – Shorenstein Investment Advisors has acquired 14th & Spring, a 12-story, Class A office tower in Atlanta. The 324,000 SF facility is located in Midtown Atlanta. Shorenstein plans capital improvements. CBRE will rent the building.

ENZ – RNR Real Estate News from Realty News Report

HOUSTON — Based in Houston Silver Star Properties REIT acquired a 907-unit, 81,370 SF self-storage facility in Delray Beach, Florida for $26.5 million. The acquisition of the Delray Beach storage facility is an identified replacement property for previously sold legacy assets in furtherance of the Company’s pivot strategy and utilization of 1031 tax-free exchange transactions with the goal of eliminating or minimizing tax costs.

July 27, 2024 Realty News Report Copyright 2024

Photo credit: Ralph Bivins, Realty News Report Copyright 2024

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RNR Real Estate Letters – Texas & More