Author: Mia Goulart

National REIT acquires Austin-area self-storage facility

Posted on by Mia Goulart

JLL Capital Markets announced today that it has closed the sale of Oak Hill Self Storage, a 709-unit self-storage facility located along W. Hwy 71 in Austin, Texas.

JLL marketed the property on behalf of the seller, The Jenkins Organization, and procured the buyer, Extra Space Storage.

Completed in 2019, Oak Hill Self Storage is comprised of 93,813 rentable square feet and features true Class A construction and amenities. The facility is 97% climate controlled and is equipped with three covered loading zones, automated gate access, oversized elevators to access the upper floors, and a full suite of building features.

Oak Hill Self Storage is strategically located within an affluent area of Southwest Austin that benefits from high barriers to entry, limited competing supply and strong population growth. Positioned on 7.65 acres at 7901 W. Hwy 71, the property offers visibility to more than 23,000 vehicles per day and draws from a growing population of 48,500 residents within a three-mile radius boasting an average household income of more than $162,000.

The JLL Capital Markets Investment and Sales Advisory team representing the seller was led by Senior Managing Directors Brian Somoza and Steve Mellon and Directors Adam Roossien and Matthew Wheeler.

Cresa represents Careismatic Brands in its new 1,014,254-square-foot industrial lease in Dallas

Posted on by Mia Goulart

Cresa’s Jim Hazard, SIOR and Brad Struck, SIOR, represented California-based Careismatic Brands in its 1,014,254-square-foot, full building lease at I-20 Logistics Park located at 35550 LBJ Freeway in Dallas. This is a consolidation of multiple warehouses across the country.

The new distribution facility features 40-foot clear ceiling height, 170 dock-high doors and trailer parking for 246. Most notably, the logistics park has direct access to I-20 and is conveniently accessible to I-35E, I-45 and the second-largest FedEx Ground facility in the U.S.

Careismatic Brands is a leading designer, marketer and distributor of high-quality uniforms, footwear, and accessories to retailers distributing its products globally into more than 50 countries. Careismatic Brands manages operations through its centralized distribution center in Dallas, with a global sourcing model. 

The developer, Ares, and Archway Properties, was represented by KBC’s Nathan Lawrence and Krista Raymond. 

Hartman’s Anthony Trollope named Rising Star at CPE Influence Award ceremony

Posted on by Mia Goulart

Commercial Property Executive, a leading resource for real estate investment, development, and management news, announced this year’s 2022 Influence Award winner for the Rising Star category as Hartman Vice President of Marketing Anthony Trollope.

Trollope was chosen from nominations countrywide as an outstanding up-and-coming leader in the commercial real estate space. His work and campaigning to promote Hartman’s corporate social responsibility, Texas corporate relocations, and thought leadership series on the state of the commercial real estate market underlined his commitment to leading effective and meaningful campaigns with top results.

As a seasoned marketer executive, Trollope has more than 16 years of experience with specialties in lead generation, branding, and digital strategy. Since joining Hartman in 2020, Trollope and his team have accumulated several industry accolades for their expertise including awards and recognitions from The Association of Marketing and Communications (AMCP), REDnews Real Estate Journals, GlobeSt. Real Estate Forum, and the American Marketing Association (AMA).

Trollope was recognized with his Rising Star title at the digital CPE Influence Award ceremony held on January 31, 2023. 

Silver Star Properties completes sale of 17.2 acres in Fort Worth

Posted on by Mia Goulart

Silver Star Properties REIT, Inc. (Silver Star Properties), formerly known as Hartman Short Term Income Properties XX. Inc. announces the disposition of 17.2 acres of land located at 820 North Business Park in Fort Worth.

The 820 North Business Park property, also known as Longhorn Business Park, was initially purchased by Silver Star Properties in 2009. Following the purchase, Silver Star Properties held the land for 10 years before selling two of the nine parcels totaling 9.9 acres in 2019 to Champion Realty Advisors.

In 2020, Silver Star Properties completed plans to develop two traditional warehouse/flex buildings on the remaining seven parcels of land to meet the increasing demand for logistics in the DFW area. Primely located just off Interstate 820 and conveniently positioned two miles from the Fort Worth Meacham Airport, the property poses significant potential for return once complete.

JLL announces new head of agency leasing in Houston

Posted on by Mia Goulart

JLL announced that Tyler Garrett has joined the Houston office as executive vice president, managing director of agency leasing. With nearly two decades of experience in real estate, Garrett will lead the region’s landlord representation team with a focus on driving key initiatives to continue JLL’s growth in the market.

Last year, Garrett was named Houston HOLBA’s Broker of the Year for 2021, a top honor for agency leasing brokers. Garrett also led one of the largest office leasing deals in 2022, representing landlord Cousins Properties in leasing 328,000 square feet to Apache for their new headquarters at Briarlake Plaza.

Over the course of his career, Garrett has leased approximately four million square feet of space with a lease value of more than $1 billion. He has held positions from associate to director of leasing director of leasing at local and national commercial real estate firms.  Most recently he was senior vice president with Transwestern.

Garrett has also been recognized for his professional achievements, including being named a Houston Business Journal “Heavy Hitter” from 2017-2022 and a CoStar “Power Broker” for the last five years.

Investor picks up Class B office building in Houston’s Energy Corridor

Posted on by Mia Goulart

JLL Capital Markets announced today that it has closed the sale of 12012 Wickchester, a 109,473-square-foot, Class B office building in Houston’s Energy Corridor.

JLL marketed the property on behalf of the seller, CapRidge Partners, LLC, and procured the buyer, Woodside.

12012 Wickchester is located directly north of the Katy Freeway between Kirkwood Rd. and N. Eldridge Pkwy in West Houston. The 3.7-acre site is positioned in the heart of the Energy Corridor, Houston’s third largest employment center boasting many 500 companies and multi-national energy companies as well as proximity to some of the city’s wealthiest executive neighborhoods in the Memorial Villages. In addition, the property is close to a significant amenity base highlighted by Town & Country Village, CITYCENTRE and Memorial City.

Renovated in 2021, 12012 Wickchester offers six stories of office space with an on-site deli and a 3.5/1,000 structured parking garage. The building caters to smaller multi-suite floorplans and excels by providing tenants with a Class A Energy Corridor location. The property was 61% leased to a diversified stable of tenants at time of sale.

The JLL Capital Markets Investment and Sales Advisory team representing the seller was led by Managing Directors Marty Hogan and Kevin McConn.