NAI Partners—the commercial real estate services business of Partners Real Estate Company—recently arranged a 6,597-sq.-ft. office sublease to Anglia Homes LLP at 1575 Sawdust Rd in Houston, Texas.

Additionally, NAI Partners also recently arranged a 4,679-sq.-ft. office lease for I.S. Engineers at 7670 Woodway Dr. in Houston. NAI Partners’ Michael Mannella represented the tenant, I.S. Engineers, in the transaction at 7670 Woodway. The landlord, NW Crossing Management LLC was represented by Sam Hansen with Avison Young.

Commercial real estate firms Sunrise Capital, Zane Holdings and Goodegg Investments, announce the joint acquisition of Royal Spring located in Spring, Texas. The teams are led by David Davidenko and Julia Bykhovskaiaat Sunrise Capital, Iqbal (Ike) Mutabanna and Dustin Howard at Zane Holdings, and Julie Lam and Annie Dickerson at Goodegg Investments.

The investment leads commented: “We are proud to add Royal Spring to our portfolio in Texas. We continue to see strong performance across the state of Texas, including the Houston market – led by population growth, a diverse mix of economic and employment opportunities, and superior quality of life for residents throughout the area.”

Royal Spring is a newly built 351-unit institutional-quality apartment complex with its final building delivered in May 2021. It is located in the diverse Spring market within a short distance of the soon-to-be Global Headquarters of Hewlett Packard Enterprise and a part of the rapid growth of the northern and western parts of the Houston-The Woodlands-Sugarland MSA.

Royal Spring provides residents with a range of top-of-the-line amenities, including a resort-inspired pool, clubhouse and resident lounge, state-of-the-art fitness facility, outdoor yoga space, high-speed Wi-Fi in all common areas, dog park, bicycle storage, and secure garage parking. Interior amenities include granite countertops, 9-foot ceilings, custom hardwood cabinets, stainless steel appliances, and wood-vinyl plank flooring. The average unit size of 1,007 square feet is significantly larger than average for the area. Royal Spring is located in the Klein Independent School District, recognized as one of the best in the state.

This is the 23rd asset across multiple Texas markets to be added to the collective portfolio for Sunrise Capital, Zane Holdings and Goodegg Investments. Together, this team owns and operates over 7,500 multifamily units worth over $800M across Texas and the Southeast and is uniquely positioned to lead the optimization and growth of this property.

Texas-Based Developer Adds Villas to the Mix and Plans Summer 2022 Groundbreaking Austin, Texas—September 8, 2021. Texas-based Legend Communities, experts in managing waterfront property developments, today named NAN PropertiesDeveloper Services the exclusive listing agent for its approximately 70-unit condominium development, The Residences at Tiki Island.

The high-end mixed-use luxury project is located on Tiki Island near Galveston and will also include eight villas, a marina with a restaurant, and boathouse storage for over 200 boats.

“This is our second development in the Galveston area, and it is going to be extraordinary,” said Legend Communities Founder and CEO Haythem Dawlett. “There is nothing else like it on Tiki Island, and we anticipate demand to be unprecedented because nothing else resembles it.

”Legend Communities is in the final stages of design and has begun obtaining building permits for the exclusive waterfront resort. Set for groundbreaking in 2022, The Residences at Tiki Island will offer approximately70luxurious two-,three-, and four-bedroom condominium homes, ranging from 1,200 to more than 3,000 square feet. The top two floors will feature two-story penthouses with elevators included in the floor plans.

“The Residences at Tiki Island will offer boat owners a dream opportunity to not only accommodate their vessel onsite but enjoy the many amenities all just steps away from their residence on the six-acre development,” said Betty Harbourt who leads NAN Properties Developer Services Division. “The plans leverage a resort environment, and The Residences of TikiIsland will be exclusive to homeowners and with no short-term rentals. We are thrilled to have been chosen to bring these premier condominiums to market.

”Owners are expected to have access to a state-of-the-art fitness center, a resort-style pool, an outdoor kitchen and lounge area, and a dog park. It will be a golf cart-friendly community, with walkability, boat valet to accommodate easy water access, and enchanting bay views. Project completion is anticipated in approximately summer 2024. Condo pricing starts in the $800s.

NAN Properties Developer Services expects to open an on-site sales office at The Residences at Tiki Island by December 2021. Interested buyers visiting the sales office will be able to view detailed renderings, floor plans, and a selection of luxury finishes.

“We are honored to have been awarded this project which will be the first condominium property on Tiki Island and the first new construction development for the area in over 11 years,” said NAN Properties Developer Services CEO and President Nancy Almodovar.

In addition to The Residences at Tiki Island, many other exceptional features are planned. Legend has added eight luxurious, spacious waterfront villas to the project plans. They will have upscale finishes similar to those in the condominiums and will share the same amenities. Legend plans to install dumbwaiters in each residence to help owners easily convey groceries and packages from their cars into their homes. The design also includes backup generators for each villa into the overall plans. Comiskey Realty is the exclusive listing agent for the Villas, and prices will start at $1 million-plus.

The resort amenities currently planned include: a boardwalk and pedestrian site for neighborhood connectivity, dry boat storage to house 200-plus boats on four levels, a 6,500 -square-foot waterfront restaurant with indoor and outdoor seating, a waterfront ship’s store with retail space
marina rental slips and guest slip area for the restaurant and ship’s store
parking for cars and golf carts

Tiki Island is located between Galveston and the south Texas coast. A town of only 1.5 square miles, the Village of Tiki Island is five miles north of Galveston and only 45 miles south of downtown Houston via IH-45. Originally a small fishing camp, Tiki Island evolved into a place for weekend homes and then into a village that was incorporated in 1982. It is comprised of upscale, primarily waterfront homes. The most recent population count shows that Tiki Island had a population of 1,068 and 482 households, many of whom are affluent retirees and second homeowners.

Aaron T. Rendon, an individual dba ATR Engineering leased 2,572 square feet at 16420 Park Ten Place in Houston, TX. Ami Figg represented the landlord, Hartman Income REIT.

Gemini Enterprises Inc. renewed 2,557 square feet at 14550 Torrey Chase in Houston, TX. Brent St. Amant represented the landlord, Hartman Income REIT.