Hunt & Hunt Engineering Corp. renewed 3,141 square feet at 7211 Regency Square Blvd in Houston, TX. Donna Svec represented the landlord, Hartman Income REIT.

Houston-based Baker Katz, an X Team International partner and full-service commercial real estate brokerage firm specializing in retail tenant representation, investment sales, project development and leasing, announced that they have completed recent deals for six storefront locations in Sienna Plantation, Conroe, Baytown, Kingwood, West University Place, and Pearland, Texas, on behalf of Pet Supplies Plus. Lunden McGill with Baker Katz represented Pet Supplies Plus in each deal.

“Pet Supplies Plus continues to strategically grow in the greater Houston market with an eye toward patience, waiting on quality real estate,” said McGill. “The announcement of these six locations strengthens their foothold in the pet segment across the Houston DMA and we look forward to being part of their continued success.”

The store in Sienna will be located at the Sienna Crossing shopping center on Highway 6 and is slated to open during Q4 2021. Lauren Shepperd with Williamsburg Enterprises represented the landlord.

The Conroe store will be located in the Target anchored Towne Center shopping plaza on IH-45 North, opening during Q4 2021. Sharon Biles with Saber Properties represented the landlord.

The Baytown location will open at Chambers Town Center at the intersection of I-10 and Hwy 146, during Q1 2022. Austen Baldrige with NewQuest Properties represented the landlord.

The Kingwood location will open during Q1 of 2022 in King’s Crossing at West Lake Houston Parkway and Kingwood Drive. Christie Vinzant with Kimco Properties represented the landlord.

The store in West University Place will be located at Braes Heights on Bellaire Boulevard and is expected to open during Q1 2022 as well. Wilson Mayfield with Brixmor Properties represented the landlord.

The Pearland location will be located at the Broadway Plaza on Broadway Street, opening during Q2 2022. Shaffer Braun with NAI represented the landlord. Each location signed a 10-year lease.

Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sales of two single-tenant net lease drugstores, both leased to CVS Pharmacy. The properties are located at 322 Cane Island Parkway in Katy, Texas and 1802 West Mount Houston Road in Houston, Texas. The drugstores total 14,698 and 9,656 square feet, respectively. Zach Harris of Stan Johnson Company represented the sellers, WA Mount Houston LLC and WA Cane Island LLC, on both transactions. The properties were purchased by separate, non-1031 exchange-driven private investors, each for an approximate 4.50 percent cap rate.

“Both of these assets traded at record-low cap rates for CVS sales in Texas based upon our research,” said Harris, Director in Stan Johnson Company’s Tulsa, Oklahoma headquarters. “There is an extremely high current demand for strong-credit, long-term net lease retail assets, especially in Texas and other income tax-free states. We were able to secure a qualified, private buyer for each property via a competitive bidding process in which multiple offers were received. The fact that both traded significantly above asking price is a true indication of the desirability of these assets within the context of heightened overall demand from the buyer marketplace.”

Both properties were constructed in 2019 on approximately 2.50-acre lots. Each location features a drive-thru with ample parking, and CVS Pharmacy operates on long-term absolute triple net leases.

SGR renewed 5,945 square feet at 3707 FM 1960 in Houston, TX. Charla Carr with CARR, Inc. represented the tenant and Brent St. Amant represented the landlord, Hartman Income REIT.