Category: Southeast Texas

Houston-based Car Wash Expands in Bryan-College Station Market

Posted on by Sarah

Rapid Express Car Wash has snapped up an outparcel in a Walmart-anchored shopping center in Bryan, Texas as its 13th location in south-central Texas and third in the Bryan-College Station metropolitan market. The location is tentatively slated to open in summer 2021. The Houston-based car wash operator has purchased a 0.9-acre pad site at 1632 W. Villa Maria Road in the 652,522-square-foot Rudder’s Landing in Bryan from developer Crossfulton Investments Ltd. J.J. McDermott, vice president of Houston-based NewQuest Properties, represented the buyer, who is planning to break ground within 90 days. Jeremy Richmond of Oldham Goodwin Group LLC represented the seller. “We jumped at the opportunity to get a site in a Walmart-anchored center,” McDermott said. “This market, particularly Bryan, is underserved for car washes.” Shortly before the Rudder’s Landing site surfaced, Rapid Express Car Wash had closed on a development tract in nearby College Station. “He’s actively expanding and looking for sites,” McDermott said. The longtime operator’s property portfolio extends from Houston to Greater Austin. The Bryan-College Station market caught the owner’s eye about three years ago, with the first location resulting from the acquisition of an independently owned and operated car wash along William J. Bryan Parkway. The MSA’s population is slightly more than 273,000, with residential and retail development as strong catalysts for a local economy that’s held up throughout the 2020 pandemic. Its unemployment rate hovers 4 percent, which is lower than state and national averages. The chief driver is Texas A&M University, home of the Aggies, the largest student body in the nation.

The Port of Peri Peri Signs Lease for New Houston Restaurant Location

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The Port of Peri Peri, a national restaurant brand, will be opening a new location at The Shops at Vintage Lakes, at 10850 Louetta Road, in Houston. The restaurant took occupancy of the 2,500-square-foot restaurant space on October 1, 2020 with plans to open their doors to customers by year-end. Rusty Lilley and Jazz Hamilton with CBRE in Houston represented the landlord, 2ML Real Estate Interests. The Port of Peri Peri was represented by Joel Miller, CCIM, of SVN Landmark Commercial Real Estate. “The Shops At Vintage Lakes was ideal for this new location for The Port of Peri Peri,” said Rusty Lilley, Associate at CBRE. “The surrounding area is densely populated, and the shopping center has a high volume of foot traffic. Both of these factors combined with the easy access from State Highway 249, will allow the restaurant exposure to a large potential customer base.” The Port of Peri Peri was founded in 2014, focusing on a healthy, grilled-chicken based menu. Their goal is to offer everyone the chance to eat great chicken cooked to succulent perfection on an open-flame grill and basted with the secret Peri Peri sauces. Other Texas locations for the company include Sugar Land, Vintage Park, Irving, Plano, Frisco and Arlington. The company currently has 19 locations nationwide.

NAI Partners Arranges Three Industrial Deals in Texas

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NAI Partners recently arranged one industrial sale and two leases in Texas. The transactions involved properties in Houston and in Austin. For the sale, NAI Partners’ Joel Michael represented the RL3 Properties in their acquisition of 9100 Caniff Street in Houston, a 16,500-square-foot, freestanding industrial building sitting on 2.2 acres. Terms of the deal were not disclosed. NAI Partners’ Chris Caudill & Troy Martin represented Geospace Technologies Corporation—a manufacturer of scientific instrumentation and equipment for the petroleum industry—in their 9,145-square-foot lease at 8701 Cross Park Drive in Austin. Jay Legg with MFB Real Estate represented the Landlord, 5205 Acquisitions, LLC in the transaction. Finally, NAI Partners’ Jon Silberman represented Modern Chemical, LLC in their 18,573-square-foot lease at 1103 East Airtex in Houston. NAI Partners’ Travis Land represented the landlord in the transaction. Airtex Business Park consists of four distribution buildings and was developed by Adkisson Group. There is one building left available in the park for sale or lease located at 1133 East Airtex.

RESOLUT RE Brokers Three Deals in Austin, Houston

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RESOLUT RE recently completed three real estate transactions. The deals included sales and leases in the Austin and Houston markets. TitleMax has leased 1,229 square feet at 2604 W. Pecan Street in Pflugerville, Texas. Joey Mendez of RESOLUT RE represented the landlord. An undisclosed buyer has purchased the 21,540-square-foot industrial building at 1108 Kramer Lane in Austin. Andrew Perkel of RESOLUT RE represented the seller. Camp Bow Wow has purchased 0.84 acres at Sam Houston Parkway in Humble, Texas. Mayur Shah of RESOLUT RE represented the buyer. David Ferguson of BPI Realty represented the seller.

NAI Partners Arranges Office Lease Renewal for Lane Staffing in Houston

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NAI Partners recently arranged a 1,642-square-foot office lease renewal for LaneStaffing at 2211 Norfolk Street in the Greenway Plaza submarket of Houston. NAI Partners’ Jason Whittington, partner in the company’s tenant rep group, represented the tenant in the transaction. Guy Brown with Texas Overland Company represented the landlord.

Construction Wraps Up on Stream Realty Partners’ Northwest Houston Distribution Center

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Stream Realty Partners announced the completion of construction on Benchmark Northwest Distribution Center. Stream Houston’s industrial division managed the project’s development and will oversee the leasing and property management for the project. Matteson Hamilton, managing director and partner of Stream’s industrial division in Houston, and Justin Robinson, partner of Stream’s Houston office, will oversee the leasing of the new space. Chris Royster, regional director of Ware Malcomb’s Houston office managed the architectural designs for the center, and Rosenberger Construction served as the general contractor. “Now that construction is complete, Benchmark is positioned to attract tenants with its irreplaceable location within the heart of the northwest submarket,” said Hamilton. “The building is ideal for distribution users by allowing them to service over one million rooftops within a half-hour drive. The project’s strategic location provides quick connectivity to Beltway 8, Interstate 10 and Hempstead Highway.” Located at 5215 Campbell Road, the 157,887-square-foot building offers Class AA distribution space in the heart of Houston’s northwest industrial submarket. The project features a front-load configuration, 32-foot clear height, fenced truck court with 33 trailer parking spaces, a state-of-the-art ESFR sprinkler system, 33 dock-high doors and 125 auto parking spaces. “We are excited to be able to offer tenants a development in one of the most sought-after infill submarkets in Houston that includes the modern amenities that today’s users need to operate an effective and efficient distribution network,” said Robinson.