Partners Capital Acquires Blanco Crossing in San Antonio

Partners Capital—the investment arm of NAI Partners—has closed on Blanco Crossing, a retail property located at the corner of Blanco Road and Huebner Road in North Central San Antonio. Blanco Crossing is a 22,606-square-foot retail shopping center home to tenants including Sake Café, The Mailing Spot, Kennedy’s Public House and KC Pet Products. It is currently 84 percent occupied. The acquisition comes on the heels of Partners Capital-related news, including last month’s rebrand announcement and the purchase of Trails at 620, a retail property located in Austin. “Our focus for Blanco Crossing will be on transforming the asset’s exterior façade in order to fully maximize our tenants’ visibility. Many of our tenants started their businesses out of this location decades ago and are cherished by the local community,” said Adam Hawkins, vice president of acquisitions at Partners Capital. “We will work hand-in-hand with our tenants to help them grow, starting with a capital program to capitalize on Blanco Crossing’s premier and elevated location at the intersection of Blanco and Huebner Road.” Andrew Pappas and Adam Hawkins of the Partners Capital team worked with Philip Levy and Jack Newman of Marcus & Millichap to close the deal, with financing provided by Peyton Jones at Veritex Bank in Houston. The NAI Partners San Antonio retail leasing team will be responsible for leasing the property, while NAI Partners’ property services group—part of the company’s landlord services division—will manage Blanco Crossing. This acquisition is Partners Capital’s fifth and final acquisition in Fund III and the platform’s 14th deal overall, pushing its portfolio to more than 1.2 million square feet and over 400 tenants.

Pravo Construction Relocates to New Headquarters in Austin

CBRE announced that Pravo Construction has signed a 3,331-square-foot lease at Two Barton Skyway in Austin. The location will serve as their new headquarters. Located at 1601 South Mopac Expressway, this Class A office will allow the Austin-based commercial construction firm to meet its growing space needs for current and future employee headcounts. The company took occupancy of the space on November 1, 2020. Tim Donohue and Caroline King in CBRE’s Austin office represented Pravo in the lease negotiations. “Two Barton Skyway is the ideal location for this dynamic, innovative firm,” said Donohue, first vice president at CBRE. “Located just down the road from their previous headquarters, this new facility will offer Pravo’s employees a new, larger space with Class A amenities such as on-site food trucks, premiere tenant lounge and even an on-site fitness center with an outdoor sand volleyball court.” Other site amenities include ample parking, downtown views, access to the Barton Creek Greenbelt and on-site, first-class property management services from the landlord, Brandywine Realty Trust. “We’re extremely excited for this new chapter as a company,” said Dan Bettencourt, principal and CEO at Pravo. “Two Barton Skyway will allow us to host more project meetings and client get togethers, provide more amenities for our employees and support Pravo as we continue to grow.” “We started lease negotiations before COVID and finalized everything during COVID, which required a lot of dialogue with our landlord,” said Drew Hanish, principal and project manager at Pravo. “CBRE and Brandywine were both extremely supportive throughout the process and Tim even stepped up to spearhead the COVID provisions we implemented in our space. We’re extremely grateful for Tim and Caroline’s partnership, guidance and patience as we’ve made our vision a reality.” In addition, build-out of this new space for Pravo will include special attention to designing a space conscious of the post-pandemic office with features such as, ample desk space for social distancing capabilities and a hand sanitizing station for guests and employees.

Worth & Associates Signs First Lease in Walker Ranch Business Park

Computer Solutions Leases 20,540 Square Feet in New Construction Business Park in San Antonio’s North Central Submarket

SAN ANTONIO—November 9, 2020. Worth & Associates, San Antonio’s premier commercial real estate developer, today announced it has signed a 20,540 square-foot lease with Computer Solutions, which will become the first tenant in Walker Ranch Business Park, Worth’s 135,000-square-foot office and flex development in the city’s high-demand north central submarket. “We are pleased that a long-time San Antonio company like Computer Solutions will be our first tenant in Walker Ranch Business Park,” said Worth & Associates Senior Vice President of Leasing and Acquisitions Shawn Gulley. “Like Worth, Computer Solutions has made San Antonio its home for decades, they know the city well and are highly regarded by the local business community. Without a doubt, their presence will attract more high-caliber tenants to our Walker Ranch project, and we look forward to a long-term, mutually rewarding relationship.” Founded in 1978 and headquartered in San Antonio, Computer Solutions is a leading provider of complex technology consulting, outsourced IT services and product procurement for businesses throughout Central and South Texas. The space in Walker Ranch Business Park Building II, which will serve as the company’s new headquarters and house some 90 employees, consists mainly of offices, with some warehouse space. Construction of Building II started last June and is progressing on schedule, with a projected move-in date of April 1, 2021. “Culture is critically important to us and despite the fact that we have proven we CAN work remotely, we feel strongly that an in-person environment greatly improves our ability to create stronger bonds with both our team members and our customers,” said Carolyn Labatt, Computer Solutions CEO. “We chose Walker Ranch Business Park because the location, amenities, and ability to influence the design from the ground up will allow us to not only plan our space around our highly-used ping pong table but also showcase our onsite technology lab where we can collaborate and demo solutions using the latest and greatest tools and technologies.” Russell T. Noll, CCIM of Transwestern, represented Computer Solutions in lease negotiations. Russell stated “in working with Carolyn Labatt and Computer Solutions for over 25 years I had a deep understanding of what their priorities were – employee and customer beneficial location, quality building, Worth & Associates Signs First Lease in Walker Ranch Business Park Page 2 of 3 ability to build out the space to meet their current and future needs, competitive economic lease package and most importantly, a landlord who would be responsive and provide exceptional service levels. Walker Ranch Business Park certainly met the facility requirements. I knew that Worth & Associates would provide tremendous service based on my experience with them over the past 30+ years.” Located on 10.8 acres at the corner of Wurzbach Parkway and West Avenue in San Antonio’s burgeoning north central submarket, Walker Ranch Business Park will consist of two Class A office buildings with separate gated, controlled-access entrances off West Avenue and Wurzbach Parkway. Walker Ranch Business Park will provide high visibility, excellent access to major thoroughfares, and close proximity to San Antonio International Airport. The park will be situated in the midst of abundant green space and parkland, with direct access to the hike-and-bike trail, and only a short walk from the 30-plus acre Walker Ranch Historic Landmark Park. The development is conveniently located near a myriad of retail, restaurant, and hospitality amenities, and provides quick drive times to Stone Oak, Alamo Heights and downtown San Antonio. The Building will be a 58,000 square foot, two-story office building with Class A finishes, featuring suites ranging in size from 1,500 square feet to 3,500 square feet, 10-foot ceilings, and a 4/1,000 parking ratio, with covered parking available. General amenities will include a fully equipped break room, two state-of the-art conference rooms, a common area Wi-Fi access, multiple outdoor break areas and an exterior courtyard along the banks of Salado Creek hike and bike trail. Building II will be a 78,000 square-foot Class A flex office building with 26-foot clear height and the ability to add up to 37,000 square feet of mezzanine space for a total of 115,000 square feet. Class A amenities will include a 5/1,000 parking ratio, roof skylights, outdoor break areas and porches. “We designed Walker Ranch to be the ideal choice for tenants interested in a new North Central office location on the Salado Creek Greenway,” said Worth & Associates Vice President of Development Charlie Fulton. “We have arranged our suites and common areas in Building I around a creekside courtyard so tenants can enjoy the natural environment throughout their workday. Additionally, we have the ability to add creative mezzanine or warehouse space to any office in Building II.” For more information, contact Shawn Gulley at (210) 805-3333 (shawn@worthsa.com) or Rick Littleton at (210) 805-3380 (rickl@worthsa.com). ### About Worth & Associates Worth & Associates is a locally owned San Antonio commercial real estate development, investment and brokerage firm that operates exclusively in South Texas. With a stable portfolio of more than 3 million square feet of commercial real estate properties owned and managed internally, Worth & Associates exceeds clients’ expectations by offering exceptional customer service, with a focus on developing flexible, highly efficient buildings and space plans designed to meet tenants’ long-term business needs. For more information, visit //www.worthsa.com. About Computer Solutions Founded in 1978, Computer Solutions is a leading provider of complex technology products and services throughout the South Texas region. Headquartered in San Antonio, the firm built its reputation by forging Worth & Associates Signs First Lease in Walker Ranch Business Park Page 3 of 3 long-term relationships with its customers through broad technology expertise combined with a wealth of industry-based knowledge. This deep industry experience and the firm’s strong strategic alliances with manufacturer partners enable Computer Solutions to deliver sophisticated information technology-based business solutions spanning a wide range of industries with the performance, reliability, and scalability growth-oriented companies demand. For more information, visit //www.comsoltx.com.

NAI Partners San Antonio Arranges 70 acres’ Worth of Land Sales

NAI Partners San Antonio recently arranged two land sales totaling nearly 70 acres in Kyle, Texas. Both transactions were arranged by NAI Partners’ Brett Lum. In the first deal, Lum represented the seller in a 67.23-acre site for a planned new residential development. In the second, he represented the seller in 1.65-acre sale for a commercial corner to build a new convenience store, Bread Basket.

CBRE Awarded Leasing Assignment for 300k-SF Speculative Industrial Development in Laredo

CBRE has been awarded the exclusive marketing and leasing assignment for Tailwind II Logistic Center, a 300,000-square-foot speculative industrial facility under construction in Laredo, Texas. The project broke ground in September 2020 and is set to complete in Fall 2021. Joshua Aguilar with CBRE in San Antonio is leasing the space on behalf of the landlord/owner, Fort Worth-based Tailwind Real Estate Equities and developer, Dallas-based Gulf Corporation. Located at 18515 West Peak Road, Tailwind II Logistics Center is located in Pinnacle Industrial Park off of Mimes Road in proximity to Laredo’s World Trade Bridge. The Class A cross-dock industrial facility will feature 5,775 square feet of ground floor office space, 36-foot clear height, 50-by-52-foot column spacing, 112 dock-high doors and two ramped doors. The property will also provide 140 parking spaces, 199 trailer parking spaces and fenced and secured truck courts. “As the largest industrial building under construction in the Laredo area, Tailwind II Logistics Center will service Laredo’s growing demand for warehouse space with the modern efficiencies users desire,” said Aguilar. “The property’s excellent location will provide future users with the competitive advantage with its proximity to the World Trade Bridge.” Earlier this year, Tailwind Real Estate Equities and Gulf Corporation delivered the I-35 Logistics Center, adding 131,718 square feet of speculative industrial development to Laredo’s industrial base.

Rastegar Undeterred by COVID-19; Continues Buying Spree Lamar Oaks Located in Highly Desirable Highland Neighborhood

Austin, Texas – November 2020 – Rastegar Property Company, a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest United States, announced today the acquisition of the 30-unit Lamar Oaks at 709 Lamar Place in North Austin. Rastegar plans to fully renovate the complex that consists of 19,650 total rentable square feet, and upgrade amenities to attract the influx of young professionals moving to Austin looking to take advantage of the city’s competitive job opportunities and fantastic standard of living. Rastegar’s acquisition of the one-story property built in 1969 is in line with the Company’s approach throughout the pandemic of targeting vintage multifamily apartment complexes that are well-located and in need of renovation to bring them up to the standards of today’s Austin renters. “Lamar Oaks is another well-situated complex that will provide best-in-class living standards,” said Ari Rastegar, Founder and CEO of Rastegar Property Company. “Just five minutes away from the intersection of I-35 and 290 HWY, residents of Lamar Oaks will live in a highly walkable location that features some of the best restaurants in the city, an elementary school, Austin Community College and other attractions that make Austin one of the most sought-after cities in the country.” Among the amenity upgrades, Rastegar will specifically address wellness concerns brought on by COVID-19, including outdoor access to units, greater air circulation and social distancing measures in common areas. Throughout all Rastegar’s properties, and including Lamar Oaks, antimicrobial materials like copper are being used as well as special light fixtures that feature ultraviolet light. “After finding numerous off market deals for Rastegar and understanding their investment thesis by working closely with the team, we were able to find this irreplaceable asset that fits their core vintage multifamily platform to help them to continue to grow,” said Dustin Mehaffey and Craig Irvin of LightTower Commercial.

About Rastegar Property Company

Rastegar Property Company is a technology-enabled private real estate investment firm focused on value-add and development in all asset classes throughout Austin and the Southwest United States. Rastegar and its affiliates have co-invested in or directly own and operate over 13.8 million square feet of real estate across projects in 13 states and 38 cities. The firm specializes in acquiring complex or undervalued assets with opportunities to create value through repositioning, redevelopment, and/or improved operational efficiencies.

Media Contact
Rob Kreis
FischTank PR
rastegar@fischtankpr.com