CBRE Signs Lease at Oxbow to Consolidate Three San Antonio Offices

CBRE announced plans today to consolidate its three San Antonio offices in the Oxbow building at 1803 Broadway Street. The firm will relocate its 81 employees to approximately 17,000 square feet of office space on the top floor of Silver Ventures’ new eight-story building in Q2 2021. “We’re eager and excited to bring employees across multiple service lines together under one roof,” said Gardner Peavy, managing director of CBRE’s San Antonio market. “In addition to providing a world-class workplace environment, our new office will be steps away from the Pearl, one of the most vibrant, burgeoning mixed-use areas in the country. From being able to work independently or collaboratively in our space to meeting clients in the shaded outdoor courtyard or at a nearby café, our office will support the ever-changing needs of our employees and clients.” The new office is part of CBRE’s Workplace360 initiative, the company’s leading-edge approach to workplace strategy, designed to promote employee flexibility, mobility and productivity. Workplace360 offices feature a balance of workplace settings, including both collaborative and private spaces that employees can self-select to accommodate their hour-by-hour needs. The company’s in-house design practice will manage the workplace design. “Leveraging our architectural and interior design team, we can take lessons learned from our 80+ Workplaces360 offices around the world, as well as experience designing client workplaces, to bring our workplace strategy to life in San Antonio,” said Peter Van Emburgh, global lead of CBRE’s corporate real estate. Oxbow is located north of downtown San Antonio near the Pearl, the area’s premier mixed-use space featuring acclaimed restaurants and cafes, unique retail shops, public green spaces, a year-round farmers market, the award-winning Hotel Emma, residential, office space and more. The building includes ground-floor retail and restaurant space and shares a shaded courtyard, community fountain and community park area with the adjacent Credit Human building, which was also developed by Silver Ventures. CBRE’s Christi Griggs and Steve Thomas, who oversee the leasing and marketing for the Oxbow, represented Silver Ventures in the lease negotiations. Employee committees will participate in decision-making to create a unique office experience that caters to the surrounding San Antonio culture and history while also reflecting the CBRE brand.

M Kidd Properties Represents Martin Preferred Foods for Renewal of 73,586 SF Lease

Martin Preferred Foods, L.P., a local leader in food distribution and processing for 75 years, has renewed 73,586 SF of space at 2017 White Street. The landlord, Prologis, was represented by Ryan Patronella. The tenant was represented by Mark Kidd, Sr. and Mark Kidd, Jr. of M Kidd Properties, Inc.

M2G Ventures Inks Several Preleases at Historic Fort Worth Building

M2G Ventures, a North Texas-based real estate investment and development company, has inked deals with a corporate relocation, a boutique bowling concept, and one of the largest female-owned personal injury law firms in the country at PROOF, 901 W. Vickery Boulevard in Fort Worth. Built in 1926, Proof’s first life began when Adkins-Polk Whole Grocers built it to serve the growing population of Fort Worth. As the city transformed through the years, so did the purpose of the building. In 2010, the building was sold to Firestone & Robertson Distilling, signaling the true second life to the space. Within its walls, the famed TX Whiskey was imbibed by the masses, and Proof was further endeared to Fort Worth. Cut to today, the project has been redeveloped to house corporate headquarters, entertainment users, and flagship locations. The new leases bring the 40,665-square-foot mixed-use project to 72 percent released. Signed tenants include Bowlounge, a retro-style bowling alley, occupying 15,000 square feet; Witherite Law Group, personal injury firm, occupying 7,000 square feet and recently announced Trinity Real Estate Investment Services, who will occupy 6,500 square feet. M2G Ventures anticipates the remainder of the 12,000+ square feet of available space to fill up quickly as the new year approaches. “We’re thrilled to end this year with a big accomplishment through the renovation of PROOF,” said Jessica Miller Essl, co-president of M2G Ventures. “Our goal was to showcase the building’s 94 years of milestones while repurposing the design to create a modern-day mixed-use location. We’ve been able to exceed our expectations for this legacy asset and that’s a tall order.” Throughout the renovation, M2G has made intentional and curated decisions to revive the deep history of the building by using modern touches to highlight key architectural details of its unique time capsule. The interior is a beautiful combination of earth tones and textures of brick, wood, stone and metal with lofty ceilings and wide-open windows. The exterior showcases prominent modern-day Brooklyn and mid-century Chicago styles of massive bricks, large original fire doors and expansive open-air patio space. Repurposed artifacts also serve as art and fixtures both in and outside to balance the history and modernity inviting visitors to once again use this one-of-a-kind space.

Resolut RE Closes Six Transactions Around Texas

RESOLUT RE recently completed six leases in Texas. The deals included retail and industrial transactions in the Austin, Houston and San Antonio markets. Botanica San Francisco has leased 810 square feet at East Seventh Street Plaza (1923 E. 7th Street, Austin). Joey Mendez of RESOLUT RE represented the landlord. Alex Gerasimenko of RESOLUT RE represented the tenant. LUV Nails has leased 1200 square feet at the Abby at Ben White (500 E. Ben White Boulevard, Austin). Joey Mendez of RESOLUT RE represented the landlord. Emilie Niekdam of RESOLUT RE represented the tenant. Willy’s Toy Box has leased 5000 square feet at Biz Park 29 (3871 East University Avenue, Georgetown, Texas). Andrew Perkel and Michael Noteboom of RESOLUT RE represented the landlord. Gatti’s Pizza has leased 5,550 square feet at Kingsgate Shopping Center (1337 Kingwood Drive, Kingwood, Texas). Eric Broussard of RESOLUT RE represented the Tenant. Shaffer Braun of NAI Houston represented the landlord. Synaptic Solar has leased 3,100 square feet at 1500 Industrial Drive in Weslaco, Texas. Eric Broussard and Mohamed Gamal of RESOLUT RE represented the tenant. Bella Rose has leased 881 square feet at Woodlake Plaza (4801 Fredericksburg Road, San Antonio). Aisha Chapa of RESOLUT RE represented the landlord. Carlos Gruber of LSI Commercial Real Estate represented the tenant.

STREAM Capital Partners Arranges Sale of Gamma Aerospace at Record Price in Texas

STREAM Capital Partners arranged the sale of a property under a long-term lease to Gamma Aerospace, a key supply chain partner to many leading original equipment manufacturers. The 126,189-square-foot building is located in Mansfield, Texas, a suburb in the Dallas-Ft. Worth metro. The property sold to a private group at a record high price per square foot for the submarket. Jeff Lizzo and Daniel Macks of STREAM Capital Partners represented the seller and buyer in the transaction. “The industrial market in Texas is extremely strong, particularly in the Dallas-Ft. Worth market, where more and more companies are looking to locate,” Macks said. “This is a long-term positive for the market and for Dallas-Ft. Worth in general.” “This was an attractive deal for the buyer because they get a long-term absolute triple net lease with a quality credit tenant,” said Lizzo. “Likewise, the seller was able to monetize this asset at an attractive valuation to pursue other investment opportunities. It was a great deal for buyer and seller.”