Berkadia arranges sale and finance of garden-style multifamily community in North Houston

Berkadia has arranged the sale and finance of Cypress Parc, a 200-unit garden-style multifamily community in Houston. Managing Directors Chris Young and Joey Rippel, Director Kyle Whitney, Managing Director Jeffrey Skipworth and Senior Managing Directors Chris Curry and Todd Marix of Berkadia Houston represented the seller, Lionel Partners, an investment management company based in Orem, Utah.

Senior Managing Director Cutt Ableson of Berkadia Houston secured the debt on behalf of the buyer, Trinnium Equity Group, a real estate investment and property management company based in Salt Lake City, Utah.

Located at 18001 Cypress Trace Road, Cypress Parc is a two-story multifamily community that uniquely offers only two- and three-bedroom units that range from 926 to 1,420 square feet. Individual unit amenities feature electric kitchens with pantries, floor carpeting, window coverings, ceiling fans, walk-in closets, private balconies or patios, and washer and dryer connections. Community amenities include a pool, fitness center, laundry facilities, business center, clubhouse, volleyball court, grill, and picnic area. 

Cypress Parc is across from Lents Dog Park and Lents Family Park and near the North Houston regional medical district. It is within 15 minutes of The Woodlands and George Bush Intercontinental Airport and less than 30 minutes from Downtown Houston.

Merriman Anderson Architects announces several promotions

Merriman Anderson Architects (MAA) is pleased to announce several promotions among staff who have excelled in providing exceptional service to the firm and its clients. As the firm continues to grow, many staff are growing into more advanced roles. 

“It’s with great excitement, pleasure and pride that we announce our 2023 promotions at Merriman Anderson Architects,” says Merriman Anderson Architects President Milton Anderson. “The following team members exemplify dedication, loyalty, leadership, and integrity in all they do. I am thankful for each of them and look forward to their continued growth and a success-filled future at MAA.”

The promotions include:  

  • Fred Martinez – Associate Principal
  • Will Cotton – Senior Associate
  • Chance Jones – Senior Associate
  • Robert Nieporte – Senior Associate
  • Andrew Edmonson – Associate
  • Derek Dizon – Associate
  • Chang Guo – Associate
  • Erin Gendt – Associate
  • Jadenn Kelley – Associate

MAA’s staff is united with a passion for architecture, strong sense of family, exemplary client service, and a deep connection to the community. 

Based in Dallas with offices in Austin and Charlotte, MAA is responsible for projects of all types including master planned developments, urban housing, office buildings, corporate facilities, hotels, schools and retail projects throughout the United States and internationally. The firm provides the full spectrum of architectural, interior design and master planning services.

JLL strengthens tenant rep team with strategic new hire in Dallas

Jason Dodson has joined the firm’s tenant representation team in Dallas as senior vice president.

In his new role at JLL, Dodson will specialize in office tenant representation, while also servicing clients across a range of asset classes. Dodson will join the Dallas tenant representation team led by Bret Hefton and Torrey Littlejohn.

Prior to joining JLL, Dodson served as senior director at Cushman and Wakefield, where he spent more than six years providing tenant representation services and advising corporate clients with local and multi-market site selection, acquisitions, dispositions and lease and purchase negotiations.

Dodson is active in the Dallas community, volunteering at The Stewpot, Habitat for Humanity, and Reading Partners.

Dodson earned a bachelor’s degree in business administration with a concentration in business law from Loyola Marymount University.

Healthy Australian cuisine concept restaurant coming to Stream Realty Partners’ The QUAD project in Uptown Dallas

A community-focused eatery based in Australian café culture will open its first Dallas restaurant at Stream Realty Partners’ office development, The QUAD, in Uptown Dallas.

Two Hands will occupy one of the five free-standing retail spaces surrounding the 12-story, Class AA office tower at 2699 Howell St. in the heart of Uptown. The casual restaurant will offer indoor and outdoor dining with a menu of fusion share plates and well-traveled classics for breakfast, lunch, and dinner. A comprehensive coffee program and full-service bar also will be featured. 

Stream, a national real estate services, development, and investment firm headquartered in Dallas, is developing the 345,425-square-foot, office building and surrounding 18,500-square-foot retail area heralded as the dawning of “A Different Dallas”. The project plays a key role in the rebirth of the Quadrangle, which once was Dallas’ first mixed-use development dating back to 1966.

Two Hands, which launched in 2014, currently has six locations in some of the country’s most upscale, chic neighborhoods including NoHo, Nolita, Williamsburg, and Tribeca in New York City, the Gulch in Nashville, and SoCo in Austin. Two additional restaurants in Denver and Franklin, Tennessee, are expected in 2023. An opening date for The QUAD eatery is planned for Q1 of 2024.

Two Hands is the first retail lease signed at The QUAD, with additional restaurant announcements anticipated by mid-2023. Chicago Title was the first office tenant to commit to the project in September 2022. The largest title insurer and provider of real estate-related products and services in the world will occupy 20,000 square feet in the office tower. The firm has officed at 2828 Routh St., an existing building on the same site as The QUAD, for more than a decade.

In addition to a workplace and next-generation retail space, The QUAD will boast amenities including a penthouse tenant lounge and conference center, full-service fitness studio with floor-to-ceiling windows, dedicated underground parking, bike valet, and plenty of outdoor seating and green space. The building will feature a cutting-edge user functionality and technological foundation with smart elements such as a proprietary centralized building operations app, hands-free “wave” doors, and hospital-grade air filtration systems.

The QUAD is owned and managed by Stream’s Investment Management Platform, which leverages expertise from the firm’s 14 local offices to make investment decisions based on real-time supply and demand fundamentals. Stream actively manages four discretionary commingled funds, in addition to several joint ventures, and wholly owned assets totaling 31 investments of 21 million square feet and approximately $3.1 billion in assets under management.

Stream Vice President Ryan Evanich and Senior Associate Marissa Parkin lease the office space at The QUAD.

Partners Real Estate arranges 15,726-square-foot lease renewal and expansion for Kinetik in Houston

Partners Real Estate (Partners), one of the largest independent commercial real estate firms in Texas, recently arranged a 15,726-square-foot renewal and expansion with Kinetik located at 2700 Post Oak Boulevard in Houston’s Galleria submarket.

Partners John Zivley and Griff Bandy represented the tenant in the transaction. Win Haggard with Cushman Wakefield represented the landlord in the transaction.

Gensler adds principal, Todd MacPherson in Houston office

Todd MacPherson has been named principal of the firm’s Houston office.

Todd is a senior designer within the Aviation & Transportation Practice. Past projects include Terminal 6 at Chicago’s O’Hare International Airport, planning for the new terminal at Brussels Charleroi Airport, and Terminal Expansion at Portland International Jetport in his home State of Maine. He is the firm’s aviation practice area leader for the South Central Region, and is a registered architect, a LEED accredited professional and a current member of the American Institute of Architects.