NAI Partners recently arranged one industrial sale and two leases in Texas. The transactions involved properties in Houston and in Austin. For the sale, NAI Partners’ Joel Michael represented the RL3 Properties in their acquisition of 9100 Caniff Street in Houston, a 16,500-square-foot, freestanding industrial building sitting on 2.2 acres. Terms of the deal were not disclosed. NAI Partners’ Chris Caudill & Troy Martin represented Geospace Technologies Corporation—a manufacturer of scientific instrumentation and equipment for the petroleum industry—in their 9,145-square-foot lease at 8701 Cross Park Drive in Austin. Jay Legg with MFB Real Estate represented the Landlord, 5205 Acquisitions, LLC in the transaction. Finally, NAI Partners’ Jon Silberman represented Modern Chemical, LLC in their 18,573-square-foot lease at 1103 East Airtex in Houston. NAI Partners’ Travis Land represented the landlord in the transaction. Airtex Business Park consists of four distribution buildings and was developed by Adkisson Group. There is one building left available in the park for sale or lease located at 1133 East Airtex.
RESOLUT RE recently completed three real estate transactions. The deals included sales and leases in the Austin and Houston markets. TitleMax has leased 1,229 square feet at 2604 W. Pecan Street in Pflugerville, Texas. Joey Mendez of RESOLUT RE represented the landlord. An undisclosed buyer has purchased the 21,540-square-foot industrial building at 1108 Kramer Lane in Austin. Andrew Perkel of RESOLUT RE represented the seller. Camp Bow Wow has purchased 0.84 acres at Sam Houston Parkway in Humble, Texas. Mayur Shah of RESOLUT RE represented the buyer. David Ferguson of BPI Realty represented the seller.
NAI Partners recently arranged a 1,642-square-foot office lease renewal for LaneStaffing at 2211 Norfolk Street in the Greenway Plaza submarket of Houston. NAI Partners’ Jason Whittington, partner in the company’s tenant rep group, represented the tenant in the transaction. Guy Brown with Texas Overland Company represented the landlord.
Stream Realty Partners announced the completion of construction on Benchmark Northwest Distribution Center. Stream Houston’s industrial division managed the project’s development and will oversee the leasing and property management for the project. Matteson Hamilton, managing director and partner of Stream’s industrial division in Houston, and Justin Robinson, partner of Stream’s Houston office, will oversee the leasing of the new space. Chris Royster, regional director of Ware Malcomb’s Houston office managed the architectural designs for the center, and Rosenberger Construction served as the general contractor. “Now that construction is complete, Benchmark is positioned to attract tenants with its irreplaceable location within the heart of the northwest submarket,” said Hamilton. “The building is ideal for distribution users by allowing them to service over one million rooftops within a half-hour drive. The project’s strategic location provides quick connectivity to Beltway 8, Interstate 10 and Hempstead Highway.” Located at 5215 Campbell Road, the 157,887-square-foot building offers Class AA distribution space in the heart of Houston’s northwest industrial submarket. The project features a front-load configuration, 32-foot clear height, fenced truck court with 33 trailer parking spaces, a state-of-the-art ESFR sprinkler system, 33 dock-high doors and 125 auto parking spaces. “We are excited to be able to offer tenants a development in one of the most sought-after infill submarkets in Houston that includes the modern amenities that today’s users need to operate an effective and efficient distribution network,” said Robinson.
NewQuest Properties facilitated two separate real estate transactions in Texas. 3 Amigos LLC has acquired 110 acres at the intersection of CR 54 and Airline Road West in Rosharon, Texas from a group of private investors. Brad Lybrand of NewQuest Properties represented the seller. Mike Malone of Vallone & Associates Inc. represented the buyer. Crawfish Café has leased 4,025 square feet of retail space in Fiesta Trails Center, 12635 Interstate 10 W., San Antonio, from WRI Fiesta Trails LP. John Nguyen and Grace La of NewQuest Properties represented the tenant. John Wise of Weingarten Realty represented the landlord.
Boutique commercial real estate firm, 713CRE, has closed three transactions in the Houston area. The deals include two new leases and one sale. Envision Title Co. has leased 3,369 square feet of office space in The Cimarron Building, 1331 Gemini Avenue, Clear Lake, Texas. Ronnie L. Miranda of 713CRE represented the landlord, Joya Investments, and Coy Davidson of Colliers International represented the tenant. Little Darlings Day Care LLC has leased 2,310 square feet of office space at 4560 FM 1960 in Houston. Ronnie L. Miranda of 713CRE represented the landlord, USA Precision Group USA, in the direct deal. Salon Naturale LLC has purchased a 0.6-acre development site at 2924 W. Walker Street, League City, Texas. Ronnie L. Miranda of 713CRE represented the seller, JMK5 Holdings, and Erica Nava of JEA Properties represented the buyer.