May 14th, 2013


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7863 Callaghan Road, San Antonio, TX 78229
Broker: Charles Roof
Company: Vista

 


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1406-26 E, Main, Fredericksburg TX
Broker: Scott Walker
Company: MIMCO

 


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Land For Sale in Southwest Crossing
Broker: Ed Ryland
Company: ARVO

 


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Office for Lease | 5225 Katy Freeway, Houston, Texas 77007
Broker: Susan
Company: Midtown Plaza Roshan Towers

 


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25.47 Acres For Sale
Company: JBeard

 


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Walden Plaza
Broker: Camille H. Chehayeb
Company: CHC Investments

Deals & Announcements                                                       View More Deals >>
CENTRAL / SOUTH TEXAS ANNOUNCEMENTS:
INDUSTRIAL: Pflugerville - A local private firm has purchased 13419 Immanuel, a 12,020 SF multi-tenant industrial property located in Pflugerville. Built in 2005, the buyer intends to renovate and occupy as their headquarters. The buyer was secured by Greg Gaynor and Kelly Smith, investment specialists in Marcus & Millichap's Austin office. The seller and their representatives were not disclosed.
MULTIFAMILY: Del Rio - A Colorado-based institutional investor has purchased the Stonegate Apartments, a 112- unit multifamily property located at 705 Kingsway in Del Rio. Boyan Radic, Mason Green and Moses Siller, investment specialists in Marcus & Millichap's Fort Worth and San Antonio offices, had the exclusive listing to market the property on behalf of the seller, a Dallas/Fort Worth-based HUD developer. The buyer was also represented by Boyan Radic and Mason Green.
OFFICE: San Antonio - Visionary Properties Inc. has renewed its 112,652 SF and expanded an additional 47,013 SF at the IBC Centre in San Antonio. The IBC Centre is a 249,215 SF office building at 175 E. Houston St. in the CBD. Larry Mendez and Scott Wolff of Transwestern represented the landlord, International Bank of Commerce. Steve Zimmerman of The Retail Connection represented the tenant in the transaction.
RETAIL: New Braunfels - TJ Maxx has leased 25,000 SF at Creekside Town Center located at FM 306 and I-35 in New Braunfels, TX. H. Dean Lane, Jr. and David Meyers represented NewQuest. Robert Aycock of Princeton Partners represented the tenant in the transaction.
RETAIL: San Antonio - An undisclosed buyer has purchased 1933 Fredericksburg Road, a 13,767 SF retail property located in San Antonio. Bethany Babcock and Chad J. Knibbe, investment specialists in Marcus & Millichap's San Antonio office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer's representative in the transaction was not disclosed.
NORTH TEXAS ANNOUNCEMENTS:
INDUSTRIAL: Lewisville - JADA Enterprises has acquired an 84,140 SF industrial facility in Lewisville, Texas. Located within the Lewisville Tech Center, the facility at 1725 Lakepointe Drive sits on approximately 5.6 acres of land. Dan Spika, EVP, SIOR, of Henry S. Miller Brokerage represented the buyer in the transaction. The seller, LPC GSA, LLC was represented by Michael Peinado of Lincoln Property Co.
INDUSTRIAL: Arlington - An owner/user has purchased a 40,000 SF industrial / warehouse building at 3508 Avenue F in Arlington. Russ Webb with Silver Oak Commercial Realty represented the Buyer in the transaction. Reggie Beavan and Michael Tatum with Jackson Cooksey represented the Seller - CBB Acquisition Company No. 3.
MULTIFAMILY: Irving - private investor out of the West Coast has purchased Highland Oaks, a 91-unit multifamily property located in Irving located at 2119 West Irving Boulevard. Boyan Radic and Doug Banerjee, investment specialists in Marcus & Millichap's Ft. Worth office, had the exclusive listing to market the property on behalf of the seller, a private investor. The buyer was represented by Ryan Heddleston of MBP Capital, Inc. MBP Texas, LLC, sister company of MBP Capital.
OFFICE: Irving - A Texas based high net worth individual has purchased a net leased Home Depot office building located at 2951 Kinwest Parkway, Irving, Texas for $2,230,000. The 18,583 SF Home Depot property was built in 1985 and renovated in 2006 & 2012. Randy Blankstein and Jimmy Goodman of The Boulder Group represented the seller in the transaction; a private Chicago based partnership. The buyer's representative was not disclosed.
RETAIL: Keller - Moviehouse & Eatery, a dine-in theater concept, has purchased approximately nine acres of land at Rufe Snow Drive just south of FM 1709 in Keller. Plans for the dine-in theater include eight upscale auditoriums in more than 42,000 SF. Mark Boone of Realty Capital Management represented the undisclosed Seller in the transaction. The Purchaser was represented by Debi Carter with Hudson Peters Commercial.
SOUTHEAST TEXAS ANNOUNCEMENTS:
ANNOUNCEMENT: Houston - Levey Group has purchased 17.5 acres adjacent to Bush Intercontinental Airport along Aldine Westfield Road between Richey and Rankin Road in North Houston and has named the development IAH Business Park. The company's preliminary site-plan depicts over 200,000 SF of single-tenant industrial space with sites featuring outside storage and room for building expansion. IAH Business Park is currently in the design and development phase and will become shovel-ready with regional detention and utilities brought to the site by the fall of 2013.
ANNOUNCEMENT: Houston - The Vista Companies, a full-service Houston-based real estate services group, announced that Lindsay Kaye has joined their LaCenterra at Cinco Ranch team as Director of Marketing and Public Relations effective, April 23, 2013. As the Director of Marketing and Public Relations, Kaye will handle all aspects of marketing, advertising, event coordination and public relations for LaCenterra at Cinco Ranch in its diverse mixed use center in Katy. Additionally, Kaye will work closely with The Vista Companies in coordinating their Public Relations efforts as needed.
LAND: Baytown - National Tube Supply Company has purchased a 24.2 acre land tract in Bay 10 Business Park. Bay 10 is located in Baytown on the Grand Parkway just south of I-10. The seller, Parkside Capital, was represented by John Ferruzzo, SIOR and Darren O'Conor of NAI Houston. Rob Stillwell of Newmark Grubb Knight & Frank represented the purchaser. National Tube will be constructing a 100,000 SF warehouse on the site.
OFFICE: Houston - ConocoPhillips has signed an 850,000 SF long-term lease encompassing two new office buildings within Houston's prestigious Energy Corridor submarket. ConocoPhillips will fully occupy Energy Center Three, a 550,000 SF office tower currently under construction, by 2nd quarter 2015, and in 2016, will also lease an additional 300,000 SF in Energy Center Four, a planned 600,000 SF office building slated to commence construction later this year. Aaron Thielhorn, Kevin Schmok, and Brandon Houston with Trammell Crow Company, and Joe Wanninger with Principal Real Estate Investors will lead the development team. Executive Vice President Cody Armbrister and Steve Rocher, Senior Vice President, with CBRE's Houston office represented the joint venture in the transaction.
OFFICE: Houston - The Griffin Capital Corporation, on behalf of Griffin Capital Essential Asset REIT, Inc., purchased 1200 Enclave Parkway in Houston, TX for $48.75 million, or $326 PSF. The 149,683 SF property was constructed in1999 and is situated on 5.36 acres. The owner, Piedmont Office Realty Trust, was represented by Jeff Hollinden & Robert Williamson of HFF, as well as Piedmont's Karen Purdy, Director-Capital Markets. The buyer was self-represented.

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