Month: February 2023

Passco Companies LLC adds new vice president of marketing

Posted on by Mia Goulart

Passco Companies LLC is excited to announce the addition of Clayton Coleman to their team as vice president of marketing. With nearly 10 years of experience in the real estate industry, Coleman will be a key player in Passco’s continued growth and success.

Coleman joins Passco from RK Properties, where he played a pivotal role in the marketing and promotion of the company’s various real estate investment opportunities. Prior to that, he worked for NexPoint Securities, where he was a Delaware Statutory Trust (DST) product specialist.

As vice president of marketing for Passco, Coleman will be based in Dallas and will cover the entire United States. He brings with him a wealth of experience in marketing and communications, as well as an extensive knowledge of the real estate industry. During his time at RK Properties, Coleman served as sales director of national accounts where he was responsible for bringing in new broker-dealers, RIA’s and high net worth clients while maintaining and flourishing existing relationships.

Coleman holds a bachelor’s degree in communications with a minor in business administration from The University of Kentucky. He is a seasoned professional with a proven track record of success in the alternative investment industry.

Sale of suburban Dallas retail center with Sprouts anchor close

Posted on by Mia Goulart

JLL Capital Markets announced today that it has closed the sale of Twin Creeks Marketplace, a 43,134-square-foot, grocery-anchored retail center located in the Dallas suburb of Allen, Texas.

JLL represented the seller, and an undisclosed investor acquired the asset.

Built in 2016, the 100-percent-occupied Twin Creeks Marketplace is anchored by a Sprouts, which comprises 69% of the total rentable area and boasts an annual visitor count of 265,400. Additional notable tenants include Starbucks, Verizon, ATI Physical Therapy and Advancial.

Situated at 1259 – 1271 West Exchange Pkwy., Twin Creeks Marketplace is less than a three-minute drive from U.S. 75, one of the largest north-south thoroughfares in DFW, and is within proximity to the Sam Rayburn Tollway. The center caters to the surrounding affluent consumer base in Allen with an average household income of $163,230. The immediate area features 1,400,000 square feet of Class A office space, 12,290 Class A multi-housing units, 1,600 hotel keys and 15 schools. Additionally, within five miles of the property is a 327,000 population.

The JLL Retail Capital Markets Investment Sales and Advisory team that represented the seller was led by Senior Managing Directors Chris Gerard and Adam Howells, Senior Director Caroline Binning and Analysts Pauli Kerr and Cole Sutter.

Partners Real Estate hires major Alamo City dealmaker in San Antonio office

Posted on by Mia Goulart

Partners Real Estate, one of the largest independent commercial real estate firms in Texas—and the company formerly known as NAI Partners—today announced that Eddie Kopplow, among the marquee names in San Antonio retail brokerage, has joined the firm as senior vice president, brokerage services in its San Antonio office.

Mr. Kopplow joins Partners from The Retail Connection, where he focused on tenant representation, project leasing, and the acquisition/disposition of multi-tenant and single-tenant retail assets. Some of Mr. Kopplow’s notable past clients include Lincoln Property Company, Retail Properties of America, Inc. Wells Fargo, and Worth & Associates. He has worked on some of San Antonio’s most recognizable shopping centers like San Pedro Crossing, Huebner Oaks, La Plaza Del Norte and Forum Crossing for which he was awarded by the SABJ as Best Retail Development.

Mr. Kopplow began his career at Kopplow Construction, a commercial general contractor in San Antonio, where he served as a project manager/estimator. He earned his bachelor’s degree from the University of Texas at Austin.

Partners brokers sale of 10,952-square-foot ambulatory surgery center in Houston

Posted on by Mia Goulart

Partners arranged the sale of a 10,952-square-foot ambulatory surgery center located at 2505 N. Shepherd Drive in Houston.

Partners’ Ryan McCullough, Tyler Jaynes, and Caleb Bester represented the seller in the transaction. The buyer was represented by Partners’ Ryan DeGennaro.

The buyer, a local group of various physicians and medical professionals, plans to rehab the existing structure and convert it to a multiple suite medical office for a wide variety of treatment options to serve the local community.

Partners arranges retail lease at 901 N. Vista Ridge near Austin

Posted on by Mia Goulart

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, arranged a 1,054-square-foot retail lease with KindFolk Apothecary + Wellness located at 901 N. Vista Ridge in Cedar Park.

Partners’  Todd Mahler represented the landlord, Schneider Tax & Bookeeping in the transaction.

Berkadia arranges sale of apartment community in Central Houston

Posted on by Mia Goulart

Berkadia Institutional Solutions has arranged the sale of Metro Greenway, a 309-unit, mid-rise multifamily community in Central Houston. Senior Managing Directors Todd Marix and Chris Curry, Managing Directors Jeffrey Skipworth, Chris Young and Joey Rippel, and Director Kyle Whitney of Berkadia Houston represented the seller, Simpson Housing, a residential developer and manager based in Denver, Colorado.

Westdale, a real estate investment and management company based in Dallas, Texas, acquired the property.

Located at 4100 Southwest Fwy, Metro Greenway was built in 2008 by developer The Dinerstein Companies and consists of four residential stories above a two-story parking podium with 504 parking spaces. The property offers one- and two-bedroom units that range from 709 square to 1,272 square feet, with individual apartments featuring nine- to 15-foot ceilings, vinyl plank flooring, oversized picture windows, granite countertops, overmount sinks, gas ranges, art deco light fixtures, carpeted bedrooms, large walk-in closets, walk-in showers, double vanities, extra storage closets and spacious patios or balconies. The highly amenitized community includes a cyber café with a coffee bar and internet access, a resident lounge with billiards, a fitness center, pool plaza with a terrace and sundeck, fire pit, summer kitchen, enclosed pet park, electric car charging stations, and a parking garage with remote control access.

Metro Greenway is conveniently located just off I-69 next to Greenway Plaza, between River Oaks and West University, and to proximate to major employment centers in Houston. Metro Greenway is just 10 minutes from the Texas Medical Center, the world’s largest medical district, 15 minutes from Downtown Houston and 30 minutes from George Bush International Airport.