RESOLUT RE Inks 20 Sale and Lease Deals Around Texas

RESOLUT RE recently completed 20 retail transactions throughout Texas. The deals included sales and leases in the Austin, Dallas, Houston and San Antonio markets. Clinica Hispana Rundberg has leased 1,346 square feet at Rundberg Square (825 E. Runberg Lane, Austin). Joey Mendez of RESOLUT RE represented the landlord. Discover PCR has leased 2,579 square feet at Market at Lake Creek (13776 US Hwy 183, Austin). Andrew Perkel and Michael Noteboom of RESOLUT RE represented the landlord. Donut/Taco has renewed at Cathollow Center (16420 RR 620 N, Round Rock, Texas). Michael Noteboom of RESOLUT RE represented the landlord. Enjoy Nails and Spa has leased 1,800 square feet at Shops at Domain (3310 W Braker Lane, Austin). Joey Mendez of RESOLUT RE represented the tenant. Dan Lewis of TIG Real Estate Services represented the landlord. Farmers Insurance has leased 689 square feet at Main Street at Twelfth (809 12th St, Marble Falls, Texas). Michael Noteboom and Jacob Nagy of RESOLUT RE represented the landlord. An undisclosed buyer has purchased the 42,134 square feet Town North Shopping Center at 8557 Research Boulevard in Austin. Andrew Perkel of RESOLUT RE represented the seller. Lynn Yuan of Real International Realty represented the buyer. Lewisville Boxing Team Center has leased 1,680 square feet at South Mill Plaza (782 South Mill Street, Lewisville, Texas). Stephanie Jacobs, Mai Nguyen and Jeff Lewin of RESOLUT RE represented the landlord. CBD Pros has leased 1,300 square feet at Concourse Crossing (1300 Airway Boulevard, El Paso). Chris Duncan and Jeff Lewin of RESOLUT RE represented the tenant. Jellos Liquor has leased 971 square feet at Market at Bees Creek (4225 Sienna Parkway, Missouri City, Texas). Rick Gutierrez and Marcus Banasik of RESOLUT RE represented the landlord. Katy Pure Water has leased 1,000 square feet at Brenwood Plaza (18859 W Little York Road, Katy, Texas). Rick Gutierrez and Davis Amanyisye of RESOLUT RE represented the landlord. La Casona Mexican Restaurant & Cantina has renewed at Wharton Retail Shopping Center (10314 US-59, Wharton, Texas). Taki Dallis of RESOLUT RE represented the landlord. Authorized Inspections has renewed at Three Weiman Center (14531 FM 529, Houston). Dani Allison of RESOLUT RE represented the landlord. Tony Allen of Pollan Hausman Real Estate Services represented the tenant. Cheveux by Esor has leased 963 square feet at Westwood Village Shopping Center (9615 Southwest Fwy, Houston). Eric Broussard and Benny Nguyen of RESOLUT RE represented the landlord. Lefty’s Cheesesteaks has leased 1,777 square feet at Federal Shopping Center (1000 Federal Road, Houston). Joaquin Orozco and Eric Broussard of RESOLUT RE represented the tenant. Michael Moulton of Weingarten Realty represented the landlord. Smoke World has leased 1,080 square feet at Four Corners Shopping Center (12807 Westheimer Road, Houston). Davis Amanyisye of RESOLUT RE represented the tenant. Aphrodite’s Closet has leased 1,500 square feet at Judson Business Center (13777 Judson Road, San Antonio). Carolyn Bustamante and Aisha Chapa of RESOLUT RE represented the landlord. Royal Liquor has leased 1,512 square feet at Grandview Shopping Center (8005 Callaghan Road, San Antonio). Carolyn Bustamante and Aisha Chapa of RESOLUT RE represented the landlord. An undisclosed buyer has purchased the 3,309 square feet Bus 83 freestanding building at 1514 US-83 BUS in Mission, Texas. Larry Leahy and Patricia Rodriquez of RESOLUT RE represented the seller. Omar Alanis of La Paloma Realty represented the buyer. An undisclosed buyer has purchased the 2,965 square feet building at 206 E Expressway 83 in La Joya, Texas. Larry Leahy of RESOLUT RE represented the seller. Juan Pena of Coldwell Banker represented the buyer. An undisclosed buyer has purchased 3.52 acres at the LOVE’S pad site in Lubbock (901 County Road 6200, Lubbock, Texas). Wes Tune and Mohamed Gamal of RESOLUT RE represented the seller.

Medical Office Building Sale Arranged by Marcus & Millichap

Marcus & Millichap brokered the sale of 2500 West Illinois Avenue, a 19,547-square-foot office building located in Midland, Texas, according to David G. Bradley, regional manager of the firm’s Chicago Downtown office. Terms of the deal were not disclosed. Alex Sacks, Brett Rodgers and Frank M. Roti, investment specialists in Marcus & Millichap’s Chicago Downtown office, had the exclusive listing to market the property on behalf of the seller and secured the buyer as well. Tim Speck assisted on the transaction as Marcus & Millichap’s Texas broker of record. 2500 West Illinois Avenue is strategically located just two blocks away from Midland Memorial Hospital. This multi-tenant building was constructed in 1955 but saw a full rebuild in 2013. The anchor tenant of the property is Midland Women’s Clinic, which is the largest women’s healthcare practice in western Texas. Other tenants of the property include Cook Children’s Clinic and LabCorp.

RESOLUT RE closes eight Texas retail leases

RESOLUT RE recently completed eight retail transactions throughout Texas. The deals were in the Austin, Dallas, Houston and San Antonio metros with a final lease in West Texas. There were two leases in the DFW area. Colin Cannon and Stephanie Jacobs of RESOLUT RE represented the landlord in MKJ Vape’s 1,000-square-foot lease at Westwood Village Center, 215 Sunset Boulevard, Sherman, Texas. Additionally, Spirit Halloween leased 9,945 square feet at the former Advance Auto Parts in Arlington, located at 711 W. Pioneer Parkway in Arlington, Texas. Jacobs and Jeff Lewin of RESOLUT RE represented the landlord. Phil Morris of RESOLUT RE represented the landlord in a deal that saw Dr. Yankelson DDS renew at Cannon West, 6800 Westgate Boulevard in Austin. In Houston, Panamericana Family Clinic renewed their Westwood Village Shopping Center lease (9615 Southwest Freeway); Eric Broussard and Benny Nguyen of RESOLUT RE represented the landlord in that transaction. Among the San Antonio leases, Mr. Lee’s Kitchen leased 2,400 square feet at Old Farm Shopping Center, 10604 Perrin Beitel Road, San Antonio. Aisha Chapa of RESOLUT RE represented the landlord while Carolyn Bustamante of RESOLUT RE represented the tenant. Alavie Pain Management expanded by 783 square feet at Plaza I-35 (12702 Toepperwein Road, San Antonio); David Simmonds of RESOLUT RE represented the landlord and Mason Pollard of Transwestern represented the tenant. Additionally, To-Go-Pizza leased 450 square feet at Shell Station Restaurant, 702 Acme Road, San Antonio. Aisha Chapa of RESOLUT RE represented the landlord. Finally, Hotworx has leased 2,045 square feet at Tuscany Town Center, 4060 Faudree Road in Odessa, Texas. Wes Tune of RESOLUT RE represented the tenant while Valerie Drew of Lone Star Commercial Real Estate represented the landlord.

Stream Realty Partners assigned leasing and management of Rittiman Trade Center in San Antonio

Stream Realty Partners has been selected as the exclusive leasing agents and property managers for Rittiman Trade Center, an eight-building industrial park totaling 77,000 square feet in Northeast San Antonio. “We are excited to be involved in the redevelopment of such a great project in the heart of San Antonio’s industrial market,” said Kevin Cosgrove, vice president in Stream’s San Antonio office. “Rittiman Trade Center is ideally located for small distributors, manufacturers and vendors working with HEB and other large companies in the area.” The buildings will offer flexible sizing with the ability to combine units with multiple secured yards and immediate access to Loop 410 and IH-35. Stream’s Cosgrove and Kenneth Hartmann, senior associate, have been selected to lease the property. Rittiman Trade Center was purchased in a joint venture formed by St. Clair Commercial Real Estate (SCCR) and Ledo Capital Group (LCG). This is the ninth Texas acquisition by SCCR/LCG. At the property, buildings 5 and 6, which are 8,790 square feet and 8,816 square feet respectively, are move-in ready. “The venture saw the opportunity to acquire a unique quality infill park with individual buildings ranging in size from 8,600 to 17,000 square feet, each with fully secured side yards,” Greg St Clair, CEO of SCCR, said. “This is part of our infill strategy to acquire strategically located assets in growth areas in San Antonio and greater central Texas.” Anthony Brent and Ryan Martin of Ledo Capital funded the transaction in its private operating capital fund, allowing the SCCR/LCG venture to further expand its platform through the acquisition of existing value-add and development opportunities in Dallas, San Antonio, Austin and Houston. The venture is quickly approaching two million square feet of acquisitions. Located in an established industrial submarket one mile from the intersection of interstate highways Loop 410, IH-10 and IH-35, the area is most noted as the distribution and manufacturing headquarters of HEB, the largest grocery chain in Texas.

Mental Healthy & Wellness Collective expands El Paso presence

The Mental Healthy & Wellness Collective—a mental health case management company working primarily with military and senior communities—has signed a lease for 1,483 square feet at 6090 Surety Drive in El Paso, Texas. André Rocha with CBRE in El Paso represented the landlord, Sixty Ninety, LP, in this lease. “We are very excited to welcome Mental Healthy & Wellness Collective to the professional tenant mix at 6090 Surety Drive,” said Rocha, associate at CBRE. “While the company was originally attracted to the building because of its fresh and enhanced individual suites, as they reflected on their growing needs, we were thrilled they decided to lease a larger suite that fulfills their current requirements and can also accommodate their growth.” In addition to a newly renovated space, this office building offers an ideal, easy to get to central location, right off of I-10, near retail, and with ample parking that can handle an increase in both the number of their employees and clients. “We are delighted to be bringing in a new generation of businesses into our professional building and see them flourish,” said Mia Gomez, on-site office manager at 6090 Surety Drive. “The focus of our management team is to provide personalized good customer service, and create a positive and pleasant environment for our tenants and their visitors.”

Speculative development in Laredo now fully leased

Freight Dispatch Service Agency has signed a full-building lease at the I-35 Logistics Center, a 131,718-square-foot, speculative industrial development in Laredo, Texas. Joshua Aguilar with CBRE in San Antonio represented the landlord/owner, Tailwind Real Estate Equities and the developer, Gulf Corporation. Joey Ferguson with NAI Swisher & Martin Realty represented the tenant. The development broke ground in August of 2019 and was completed in April of this year. Freight Service Agency—a local customs broker servicing multiple accounts handling warehousing and distribution services on behalf of its clients—took occupancy on June 1. This property was selected due to the size, building efficiencies, such as clear height, heavy trailer parking, heavy dock door count and minimal in-place office. In addition, the owner was able to provide a speed to market and a fast finish out. “What this speedy fulfillment of this property showcases is that the Laredo industrial market continues to have strong demand, with much of the new speculative construction already spoken for,” said Aguilar, first vice president at CBRE. “Despite the challenges of the current environment, Laredo has shown signs that trade is going to continue with no signs of slowing down. New development will be key in meeting the demand in the marketplace.” To continue to meet the growing demands of the Laredo industrial market, Gulf Corporation will soon break ground on another 300,000 square foot speculative development at Pinnacle Industrial Park.