Category: Southeast Texas

RESOLUT RE Inks Eight Deals in Four Texas Markets

Posted on by Sarah

RESOLUT RE recently completed eight retail transactions throughout Texas. The deals included sales and leases in the Austin, Dallas, Houston, and San Antonio markets. Le Posh Nails & Spa has leased 2,400 square feet at Sunset Valley Marketfair (5400 Brodie Lane, Austin). Joey Mendez of RESOLUT RE represented the tenant. Hutch Hutchings and Cole Brodhead of Edge Realty Partners represented the landlord. Security State Bank has leased 3,000 square feet at Panther Plaza Liberty Hill (15100 Texas 29, Liberty Hill, Texas). Phil Morris, Jacob Nagy, and Emilie Niekdam of RESOLUT RE represented the landlord. Cole Valley Partners has acquired a 0.67-acre pad site at West Killeen Market located at 1101 West Stan Schlueter Loop in Killeen, Texas. Dave Burggraaf of RESOLUT RE represented the buyer. Bryan Dabbs of Stratus Properties represented the seller. At Ease Essentials has leased 1,300 square feet at The Kate (726 Scott Avenue, Wichita Falls, Texas). Chris Flesner and Brian Sladek of RESOLUT RE represented the landlord. Herbalife has leased 1,000 square feet at Denison Retail (2731 W Morton Street, Denison, Texas). Colin Cannon and Brian Sladek of RESOLUT RE represented the landlord. HardCore Tattoo has leased 1,187 square feet at West Oaks Plaza (2703 South Texas 6, Houston). Myra Vorrice of RESOLUT RE represented the tenant. Abdul Sabha of Hunington Properties represented the landlord. KM Home Furniture & Mattress has leased 6,504 square feet at Katy Freeway Plaza (22121 Katy Fwy, Katy, Texas). Eric Broussard and Joaquin Orozco of RESOLUT RE represented the landlord. A nail salon has leased 1,711 square feet at Rante Office Park (20711 Wilderness Oak, San Antonio). Emilie Niekdam of RESOLUT RE represented the tenant.

NewQuest Inks Four Texas Deals

Posted on by Sarah

NewQuest Properties closed three retail deals and one industrial transaction. The transactions concerned properties in the Houston and San Antonio markets. Long CAP LP has acquired the 10,000-square-foot Long Point Shopping Center on 0.92 acres at 9207-9221 Long Point Road in Houston. Austen Baldridge and David Luther of NewQuest Properties represented the seller, NU Way LLC, in the direct deal. JENAP Investments LLC has acquired a 7,500-square-foot warehouse on 4.8 acres at 1219 Wunsche Loop in Spring, Texas. Jeff Lokey of NewQuest Properties represented the seller, Axiom Wunsche Loop LLC, in the direct deal. Furniture & Beyond has leased 15,115 square feet of retail space in Kroger Junction, 2619 Red Bluff Road in Pasadena, Texas. Austen Baldridge of NewQuest properties represented the landlord, 2619 Realty Holding LLC, in the direct deal. IH3546 FREIHEIT LLC has acquired an 88,599-square-foot Kohl’s on 8.85 acres at 1050 N. Interstate 35 in New Braunfels, Texas. Marc Peeler, David Luther and Austen Baldridge of NewQuest Properties represented the buyer. Burns Commercial Properties represented the seller, KPE Firstplace Land LLC.

NAI Investment Fund Rebrands as Partners Capital

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The investment arm of NAI Partners announced its new name: Partners Capital. The business entity was previously known as the NAI Investment Fund. Partners Capital remains a wholly-owned subsidiary of NAI Partners. “Today is an incredibly exciting day for us,” said Andrew Pappas, head of Partners Capital and shareholder at NAI Partners. “Partners Capital represents the evolution of our investment platform and our team’s steadfast commitment to a shared vision. After closing more than $125 million in transactions since 2017, we are well on our way to our stated goal of a portfolio of $1 billion—and we are just getting started.” “Partners Capital has fully deployed three investment funds in three years, continually delivering strong in-place cash flow combined with tremendous upside to its investors through vacancy lease-up, mark-to-market rates and meticulous asset management of its property portfolio,” said Jon Silberman, managing partner of NAI Partners. “Refining the investment fund platform’s identity as Partners Capital will augment its reputation and brand recognition as it goes to market and wins deals, and create increased value for its investors.” Pappas has led Partners Capital for nearly five years. During that time he has spearheaded the acquisition of more than 1 million square feet of office, industrial and retail properties in Houston, Austin, San Antonio and Dallas, and overseen more than $165 million in transaction volume. Kelli Walter is Partners Capital’s senior vice president of asset management, responsible for executing NAI’s business plan for every owned asset and playing a major role in the ongoing growth of Partners Capital’s portfolios and the execution of its investment strategy. Adam Hawkins is a vice president for Partners Capital, whose primary focus is procuring acquisition opportunities. He is also actively involved in property divestitures, executing asset management strategies, and supporting the ongoing portfolio management process. Donna Lanier is Controller of Partners Capital; and Sloan Crady is the platform’s financial analyst. Partners Capital has acquired more than a dozen properties through its three investment funds. The current portfolio consists of office buildings, industrial properties, and retail centers, and totals more than 1 million square feet and over 325 tenants.

Hartman Announces a $25,000 Scholarship Program for Employees’ Families

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September 21, 2020 (HOUSTON) – Houston based commercial real estate firm Hartman Income REIT Management, Inc. (Hartman) announces The Hartman Scholarship Program for Undergraduate Students. Hartman continues its commitment to the personal development of its employees and their families by making this announcement only weeks following the company’s employee profit sharing announcement. The Hartman Scholarship Program is eligible to all dependents of full-time Hartman employees pursuing an undergraduate degree in specific fields of study at an accredited Texas college or university. Also, Hartman announced it would make the program eligible to approved dependents in specialty K-12 programs. “The growth and development of our people is truly the highest calling of leadership.” States Al Hartman, President and CEO of Hartman, “We are blessed and truly excited to allocate benevolence fund contributions not only to our employees but to their families as well.” The program is an addition to the company’s Benevolence Fund, which was established in 2016 as a way for employees to rally together and extend aid to other employees in need. The fund provides financial aid to employees with sickness and no PTO, hospital or medical-related bills, death in the immediate family, or housing and transportation emergencies. The Benevolence Fund Committee which is made up of five fellow employees and executives at Hartman, approved the allocation of $25,000 to the fund each year to award scholarships of up to $5,000 annually to each applicant. Upon learning of the newly established Hartman Scholarship Program, Marina Cuellar, a Property Manager for multiple Hartman properties in the Dallas Metroplex proudly shared “I am grateful to work for a company that doesn’t just care about their employees but cares about our families and children as well!” Melissa Arnold, who joined the company earlier this year as a Property Manager for several of the company’s properties in North Houston, stated, “I love the fact Hartman is involved in this type of giving. I have never seen it with any other company I have worked for!” Candidates must have a minimum of 3.20 cumulative GPA on a 4.0 scale and are required to maintain it through their participation in the Scholarship Program. Selected scholarship recipients will be notified of his or her status by November 15th for the spring semester and July 1st for the fall semester following his or her application. Recipients can renew their scholarship contingent upon maintaining the scholarship qualifications. The addition of The Hartman Scholarship Program to the Benevolence Fund is Hartman’s latest initiative to support employees and their families. Previous Benevolence Fund initiatives have also included situations such as major surgeries, funerals, car repairs, and legal fees.

About Hartman

Hartman is a premier property management company in the Houston, Dallas and San Antonio markets. Hartman has owned and operated commercial office properties since 1983, offering premium office space at attractive rates. With more than 37 years of commercial leasing expertise in Houston, San Antonio and Dallas, Hartman knows exactly what their customers require. For more information, visit www.hi-reit.com.