Category: Southeast Texas

Resolut RE Closes Six Transactions Around Texas

Posted on by Sarah

RESOLUT RE recently completed six leases in Texas. The deals included retail and industrial transactions in the Austin, Houston and San Antonio markets. Botanica San Francisco has leased 810 square feet at East Seventh Street Plaza (1923 E. 7th Street, Austin). Joey Mendez of RESOLUT RE represented the landlord. Alex Gerasimenko of RESOLUT RE represented the tenant. LUV Nails has leased 1200 square feet at the Abby at Ben White (500 E. Ben White Boulevard, Austin). Joey Mendez of RESOLUT RE represented the landlord. Emilie Niekdam of RESOLUT RE represented the tenant. Willy’s Toy Box has leased 5000 square feet at Biz Park 29 (3871 East University Avenue, Georgetown, Texas). Andrew Perkel and Michael Noteboom of RESOLUT RE represented the landlord. Gatti’s Pizza has leased 5,550 square feet at Kingsgate Shopping Center (1337 Kingwood Drive, Kingwood, Texas). Eric Broussard of RESOLUT RE represented the Tenant. Shaffer Braun of NAI Houston represented the landlord. Synaptic Solar has leased 3,100 square feet at 1500 Industrial Drive in Weslaco, Texas. Eric Broussard and Mohamed Gamal of RESOLUT RE represented the tenant. Bella Rose has leased 881 square feet at Woodlake Plaza (4801 Fredericksburg Road, San Antonio). Aisha Chapa of RESOLUT RE represented the landlord. Carlos Gruber of LSI Commercial Real Estate represented the tenant.

S.I. Warehousing Takes More Than 250,000 SF in New Houston-Area Warehouse

Posted on by Sarah

Molto Properties has signed a 252,203-square-foot lease with S.I. Warehousing Co., Inc. at its Monument Business Park development in Deer Park, Texas. S.I. Warehousing, a subsidiary of Slay Industries, provides customer-focused distribution, packaging, transportation, and warehousing services in the Houston area. David Munson of Boyd Commercial represented Molto Properties, while Kelley Parker, Coe Parker, and John Littman with Cushman & Wakefield represented S.I. Warehousing Co. in the transaction. The lease was executed prior to the completion of the Business Park and takes up 41 percent of the site’s available square footage. The Monument Business Park project broke ground in Q4 2019 and recently delivered a 414,900-square-foot, cross-docked, and a 194,610-square-foot front-load building at the end of October 2020. Each facility is designed to accommodate single or multiple tenants with best-in-class features including ample trailer parking, 32- to 36-foot clear heights, efficient circulation drives, LED lighting, ESFR sprinkler systems, and abundant loading doors. “We’re pleased to welcome S.I. Warehousing to our latest project in Deer Park,” said Chad Parrish, vice president of Molto Properties. “Monument Business Park’s premiere location and accessibility to the Port will continue to attract a wide variety of users. Now that we’ve delivered the first phase of the project, we look forward to leasing the remaining 357,307 square feet in the coming months.”

NAI Partners Arranges Office Lease for Logistics Health Incorporated

Posted on by Sarah

NAI Partners recently arranged a 6,236-square-foot office lease for Logistics Health Incorporated (LHI) at 705 S. Fry Road in Houston. NAI Partners’ Michael Mannella represented the tenant in the transaction. A subsidiary of OptumServe, the federal health services business of Optum and UnitedHealth Group, LHI is dedicated to improving the efficiency and effectiveness of healthcare for veterans of the United States armed forces. Through securing a long-term contract with the VBA, LHI has been tasked with opening outpatient clinics throughout markets in the 50 states.

RESOLUT RE Closes Eight Deals Around Texas

Posted on by Sarah

RESOLUT RE recently completed 10 retail leases in Texas. The deals included transactions in the Austin, Dallas, Houston and San Antonio markets. Clinica Hispana Nazaret has leased 1,201 square feet at The Shops on Howard (1200 W. Howard Lane, Austin). Michael Noteboom and Joey Mendez of RESOLUT RE represented the landlord. Gabriela Saravia of Sperry Commercial represented the tenant. Hay Elotes has renewed at The Shops on Howard. Michael Noteboom and Joey Mendez of RESOLUT RE represented the landlord. An undisclosed buyer has purchased 1.04 acres at 211 Hasler Boulevard in Bastrop, Texas. Jerel Choate of RESOLUT RE represented the seller. Feng “Leo” Lin of Austin 101 Real Estate represented the buyer. DS Pharmacy has leased 1,000 square feet at Westwood Village Center (215 Sunset Boulevard, Sherman, Texas). Mai Nguyen and Colin Cannon of RESOLUT RE represented the landlord. Patrick Jones Gallery has leased 2,228 square feet at AMLI Design District (1400 Hi Line Drive, Dallas). Chris Flesner and Brian Sladek of RESOLUT RE represented the landlord. Disciples Christian Fellowship has renewed at Plaza at Highway 6 (15040 Hwy 6, Rosharon, Texas). Benny Nguyen and Eric Broussard of RESOLUT RE represented the landlord. Mangum Insurance has leased 1,500 square feet at Plaza at Highway 6 (15040 Hwy 6, Rosharon). Benny Nguyen and Eric Broussard of RESOLUT RE represented the landlord. All Appliance Parts has leased 600 square feet at Pecan Valley Center (6214 Pecan Valley Drive, San Antonio). Aisha Chapa of RESOLUT RE represented the landlord.

Two Texas Markets Prove to be Elite When it Comes to Industrial Real Estate

Posted on by Sarah

There’s been a lot of talk that the industrial market—particularly that segment serving e-commerce companies—is proving to be resilient to the economic damage wrought by COVID-19. Two Texas markets are helping lead the way as the country forges a path forward during the pandemic. New research by Transwestern suggest that there remained strong demand for large scale industrial space across the country during the first half of
the year. This demand is revving the engines of development, investment and leasing activity. Transwestern indexes the health of the national industrial market by tracking deal velocity and construction activity in 11 growth regions. Dubbed the “Elite 11,” these markets are perennial targets
for both global investors as well as the most sought-after locations for big-box distribution users, lastmile logistics, e-commerce and manufacturing
companies. Two Texas markets, Dallas-Fort Worth and Houston, make Transwestern’s Elite 11, along with Atlanta, Chicago, Lehigh Valley (PA), New Jersey, Northern California, Seattle, South Florida, Southern
California and Washington/Baltimore. These core markets are proving that this is one asset class that can’t be beaten by the pandemic. “Many sectors of the real estate market have been put on pause since March—but not the industrial real estate sector, which continues to flourish,” said Transwestern’s Matt Dolly, director of research. “Prior to the pandemic, the core markets led investment activity, and this movement has only intensified in recent months.” Click to read more at www.rednews.com.