Stream Realty Helps Dallas-Based Construction Firm Expand Footprint

DALLAS – July 28, 2022 – One of the nation’s largest privately held construction firms will expand its Dallas location at a landmark office tower that it is also helping to renovate. Brasfield & Gorrie will soon occupy all 16,221 square feet of the 10th floor of The Gild at 8350 N. Central Expressway, formerly Cambell Centre. The gold office complex is currently undergoing a multi-million-dollar renovation for which Brasfield & Gorrie is serving as the general contractor. Gensler will serve as the architect for the state-of-the-art building renovations.

“We’re excited to get started on the renovations and welcome more people to The Gild, where our office has been located since 2016,” said Brasfield & Gorrie Regional Vice President and Division Manager Jason Weeks. “Seeing the building as occupants and general contractors gives us a unique perspective on the project and makes it special for us.”

Renovations at the highly amenitized, two-building office complex make The Gild a prime work and play environment. Updates will include, but are not limited to:

· Facelift of both tower entries, including removal and installation of new glazing and canopies

· Updated tower lobbies featuring a hospitality lounge, coffee bar and grab & go–all with a coffee shop vibe

· Renovation of “loft” space between towers to create creative and collaborative space

· New coffee bars and dining areas with exterior courtyard views

· The addition of several central tenant work lounges with a variety of active and quiet zones

· Updated restrooms and tenant corridors

· A state-of-the-art conference and meeting center

· A community “connector” park that brings the buildings together and provides easy access to a shaded walkway and outdoor seating areas Stream Realty Partners, a national real estate services, development, and investment company, leases the building. Senior Associate Marissa Parkin, Managing Director Matt Wieser, and Associate Patrick Cruz represented owner Fenway Capital Advisors in the transaction. Robbie Baty and Charlie Beck with Cushman & Wakefield and Cribb Altman with Jones Lang LaSalle represented the tenant in the transaction.

“We feel that Brasfield & Gorrie is a perfect fit for this project,” said Fenway Capital Advisors Managing Partner Pat Tribolet. “As valued tenants in the building, they are uniquely qualified to oversee this job from both the contractor and tenant perspectives. Not only are they a first-class contracting firm that does incredible work, but they will also provide us the opportunity to move as quickly as possible while caring for all existing tenants during these major enhancements.”

Several speculative suites, ranging from 2,000 square feet to a full floor, recently delivered and are available for lease at The Gild.

“We are thrilled that our client, Fenway Capital Advisors, sees the value of this iconic project and is committed to strategically investing capital to bring it to its full potential,” Parkin said. “Gensler’s renovations bring the energetic vision of The Gild to life, and we are seeing continued significant leasing momentum as a result. The Gild will undoubtedly be realigned as a premier asset within its class with its state-of-the-art renovation and centralized location amid neighborhoods and retail.”

For leasing information, contact Stream Dallas at 214.267.0400.

Colliers Announces the Acquisition of Industrial Warehouse Property by Local Investment Firm

Colliers announces the sale of an industrial investment property located at 11424 Mesa Drive, Houston Texas. Locally based investment firm TRECAP Mesa Dr. Partners, LLC who purchased the property, was represented by Jason Tangen of Colliers in the transaction. The property was offered by Hubbard Development Company, LLC.

The industrial warehouse property features ±61,200 square feet, dock and grade loading, fenced outside storage areas and is crane-served. The property, which is 100% occupied by two tenants, was purchased as a stabilized investment by TRECAP. The industrial warehouse property is situated in Northeast Houston in close proximity to the Beltway and US 59.

TRECAP Management is a real estate investment, management and advisory services company. They own and manage investment portfolios that are comprised of assets in various property sectors, such as office, retail and industrial.

The property is located in Houston’s Northeast Highway 90 industrial submarket. The submarket contains 26.7 million square feet of industrial space which is currently 95.4% occupied. There is 319,000 square feet of industrial space currently under construction in the submarket. The annual average asking market rental rate is $8.31 per square foot.

AHV Communities Unveils Plans for Built-for-Rent® Single-family Home Community

New 244-home community to expand SFR leader’s growing presence in Texas and nationally

SAN ANTONIO, TX (July 27, 2022) – AHV Communities (AHV), the leader in Built-for-Rent® single-family (SFR) and attached home rental communities, today unveiled plans for a new 244-unit single-family detached rental home community in metro Austin. The company will develop the community on a newly acquired 48-acre site located 30 minutes from downtown Austin and is expected to break ground in October.

“It’s rare to find such a well-located land site in Austin large enough for a new single-family rental community of this quality,” says Mark Wolf, co-founder and CEO of AHV Communities. “With Austin’s staggering growth, this new community will help address unfettered demand in the metro area for higher quality rental options that are in record demand.”

AHV has engaged KTGY to design the homes, which will offer three- and four-bedroom floor plans ranging in size from 1,500 to 1,900 square feet. Each home will include a direct-access, two-car garage and a private, fenced backyard. The residences will be enviably appointed with a sustainable, smart and luxury amenity package featuring designer kitchens with quartz countertops; designer vinyl flooring; stainless steel appliances; modern, energy-efficient LED lighting; ceiling fans (in select locations); USB wall ports; primary walk-in closets; double sink vanities in primary bathrooms; and more. Lawn care will be provided for the homes as part of AHV’s onsite maintenance package.

The community itself will offer a robust suite of amenities including clubhouse lounge and retreat center; resort style pool with sundeck; 24-hour tech fitness center; dog park; pet washing station; large community conference room; complimentary Wi-Fi in all common areas; BBQ and picnic areas designed for outdoor entertaining; as well as a bocce and game court. Professional, onsite management staff will provide hassle-free living for residents.

“Unlike many single-family rentals available today, AHV Master Planned Rental Communities™ are true Built-for-Rent® communities,” adds Wolf. “They are ideally located, well appointed, professionally managed and maintained onsite to ensure an incredible experience and lifestyle for residents. This is an AHV differentiator and this community will be no different.”

The new community will be located in a highly desirable location on the border of Leander along a high-growth corridor. The community will be situated just 20 minutes from numerous major employers including the new billion-dollar Apple campus expected to employ more than 5,000i. In addition to wide

ranging employment opportunities, residents will benefit from easy access to major highways, including 183 and 29, as well as the commuter rail providing easy travel to and from downtown Austin. Residents will also enjoy the numerous retail and amenities in Leander.

AHV Communities anticipates construction to commence in the first quarter of 2023.

In addition to its operational communities, AHV Communities’ development pipeline includes 20 communities in various stages of development and construction. The company’s communities are now located in California, Washington, Colorado, Texas, Tennessee, and Alabama.

“Our plan is to eventually offer our gold standard communities coast-to-coast,” says Wolf.

For more information about AHV Communities’ team, communities, business model and more, visit www.ahvcommunities.com.

About AHV Communities

AHV Communities (“AHV”) is a privately held developer, builder, operator and industry leader in Built-for-Rent® luxury single-family and attached rental communities. AHV Master Planned Rental Communities™ serve renters in premium supply constrained markets with quality constructed and well amenitized rental homes set within contiguous communities. All AHV communities are managed and maintained onsite, ensuring long-term asset quality and a stronger value proposition for renters, cities and investors alike. AHV Communities is responsible for the delivery of 5,000 homes and lots with a value over $1.5 billion. AHV Communities is based in San Antonio, Texas. Visit www.ahvcommunities.com.

Retail Space at Willowbrook Plaza in Houston Leases

Friedman Real Estate recently leased the 58,000-square-foot retail space at Willowbrook Plaza located on 17776 State Highway 249 in Houston. Willowbrook Plaza is a major retail hub in Northwest Houston which is surrounded by national retailers, featuring Dicks Sporting Goods, JC Penney, In-and-Out Burger.

Friedman’s Mark Zeidman and Neha Abassi advised the landlord in the transaction.