NAI Partners recently arranged a 3,750-square-foot retail lease renewal for Apex Urgent Care at 6133 Fry Road in Katy, Texas. NAI Partners’ Laura Diggs represented the landlord in the transaction.

Each year, Midwest Real Estate News inducts a new class into its Midwest Commercial Real Estate Hall of Fame. Today, we look at the success of one of these new inductees, Alfredo Gutierrez, president of SparrowHawk Real Estate Strategists in Houston, Texas. Alfredo Gutierrez founded SparrowHawk Real Estate Strategist in 2011 to provide preservation of its investment partners’ capital through the purchase of properties with proven occupancy and immediate yield. In addition to the financial aspects of SparrowHawk itself, Gutierrez is also responsible for all of the company’s joint ventures, leasing and property acquisitions and dispositions. Gutierrez has spearheaded the development, management and acquisition of commercial real estate properties valued in excess of $1 billion throughout the country. He has expanded and streamlined relationships with tenants, brokers and investors across all sectors of the commercial real estate market. After 35 years in the industry, he most enjoys the art of structuring deals that are beneficial to all parties. Gutierrez finds developing solutions for difficult or challenging situations to be both professionally and mentally rewarding. “I’ve always treated people with respect and honesty, which had enabled me to build strong relationships in the industry,” said Gutierrez. “People can trust my word and know that I will not re-trade a deal.” In 2016, SparrowHawk won Best Industrial Transaction for the renovation of an existing warehouse and 100,000-square-foot expansion that was leased to Coca Cola Bottling Company and ultimately sold for $21.3 million. Gutierrez is a visiting speaker at his alma mater, Texas A&M Mays Business School’s Master of Real Estate program and serves on its Advisory Board. Additionally, he is a sought-after speaker and has presented at the Global Institutional Real Estate Investors Forum, St. Louis Commercial Real Estate Summit and NAI Leadership Conference. A long-time supporter of the SIOR Foundation and SIOR Foundation Scholarship Program, Gutierrez has also been an avid supporter of The Women’s Home for 25 years, supporting its mission to provide residential treatment and transitional housing for women and their families who suffer from addiction and mental health issues. He is also a supporter of The Parish School, which educates children with communication delays and learning differences.

JLL Capital Markets has closed the sale of 363 North Belt, a 386,277-square-foot, 20-story office building in North Houston, Texas. Terms of the transaction were not disclosed. JLL represented the seller, Manny Khoshbin, a private California-based investor, and procured the buyer, Realty.com, led by CEO Lance Custen. 363 North Belt is positioned on a 3.79-acre site just east of the Interstate 45 and North Sam Houston Parkway interchange in North Houston. This places the property within minutes of George Bush Intercontinental Airport and within a short drive of the master-planned communities of The Woodlands, Kingwood and Atascocita. Additionally, 363 North Belt is approximately 15 to 20 minutes north of downtown Houston and the Galleria/Uptown District. Renovated in 2012, the LEED Gold office building features a seven-level, 1,182-space connected parking structure as well as a fitness center, conference facility, restaurant/deli and 24-hour security. The JLL Capital Markets team representing the seller was led by senior directors Martin Hogan and Kevin McConn.

Houston-based Midway announced that UBS Financial Services has opened a College Station, Texas branch at Century Square. Located in Century Square One adjacent to The George, UBS joins other industry-leading firms that office in the dynamic mixed-use destination, including Morgan Stanley, BRW Architects, Premier Inc. and Frontier Title. “Century Square has become a true enterprise hub for companies seeking a competitive edge,” said Robert Williamson, senior vice president, investment and capital markets, Midway. “From increasing employee satisfaction and productivity to attracting new talent, UBS is positioned to thrive in Midway’s innovative mixed-use office setting.” With 60,0000 square feet of Class-A office space situated directly above ground-floor retail, Century Square provides an unmatched work environment for its office tenants. The 60-acre development creates a dynamic community center for experiencing open green spaces, premier shopping and dining, entertainment and engaging events. Boasting the highest residential density and daytime population in the vicinity, Century Square’s luxury apartments and two full-service hotels with 9,000 square-feet of flexible meeting space round out the region’s complete lifestyle destination. “Our goal is to bring the vast resources of the world’s leading wealth manager to our local clients and residents within the Bryan-College Station community,” said Woody West, branch manager for UBS Wealth Management USA. “We are excited to relocate to Century Square and have people see our UBS logo on the building as they drive into the complex. It is a vibrant part of town and our office in Century Square One shows our strong, long-term commitment to the area.”

Quantum Real Estate Advisors, Inc. has brokered the sale of a single-tenant net-leased property located at 800 Wade Road, Baytown, Texas. The free-standing building is leased to Dollar General with an estimated completion date of October 2020. The buyer was a private real estate investor based in Chicago, represented by Jason Caplan, senior vice president of Quantum Real Estate Advisors, Inc. The seller was a developer located in Springfield, Missouri, represented by Cody Christ of Trinity. “The buyer had his pick of new construction Dollar Generals but ultimately selected this one based on the proximity to I-10,” Caplan said. “The buyer had his funding pulled at the last hour due to the banks reaction to COVID, but fortunately both parties worked together to find an additional source of debt, and get the deal closed.”