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.
First America Homes, the homebuilding division of the Signorelli Company, is hosting a Grand Opening weekend to celebrate their highly anticipated model home in Deer Pines, Conroe’s newest premier acreage community. Event attendees can enjoy face painting, a free taco lunch, and will be entered to win a John Deere lawnmower, perfect for their new acreage home site.
The Deer Pines Grand Opening Event kicks off at 16042 Deer Pines Drive in Conroe 11 am Saturday, June 27th with a free lunch from Taqueria Rosy’s food truck, and the chance to win a John Deere Lawnmower. The family-friendly event will include a face painter, yard games for the kids, tours of new move-in ready homes, and an onsite lender for quick pre-approvals. Deer Pines offers a variety of ranch-style floor plans with open-concept interiors and fantastic curb appeal starting in the $260,000s. The wooded acreage homesites provide a serene, private abode for families looking for a home off the beaten path, while still being conveniently located to shopping, dining, and major highways including 45 and 59. “We are looking forward to showing off our beautiful new model home in Deer Pines,” says Dave Barnhart, First America Homes division president. “The community looks great and it’s exciting to see it start coming to life as our buyers begin closing on their homes and making them their own. It will be nice to have the community come out to tour the model and see beautiful Montgomery County in its natural element.” Deer Pines is located just off FM 1484 and S Williams Road, between I-45 and US 59, offering an easy commute to businesses on both sides of town. Young residents in Deer Pines attend schools in the Conroe Independent School District. Click to read more at www.signorellicompany.com.
Avison Young negotiated the purchase of a 19,420-square-foot church facility on 10.5 acres located at 3785 Barker Cypress Road in Houston. Protestant Episcopal Church Council of the Diocese of Texas, the buyer, was represented by Avison Young principals Tommy LeBlanc and Charlie Neuhaus, who are both based in the firm’s Houston office. The landlord, Covenant Lutheran Church, was represented by Carol Gray and Christina Hipps of International Church Realty. “We are so pleased to find a suitable location for Emmanuel Episcopal Church that includes nearly 20,000 square feet of buildings, including worship space, parish hall, library, offices, classrooms, nursery and plenty of parking,” said LeBlanc. Emmanuel Episcopal Church’s former location, 15015 Memorial Drive in Houston, was flooded during Hurricane Harvey in 2017, and its building was rendered unusable. The displaced congregation was immediately welcomed by Temple Sinai, a Reform Jewish synagogue, to use their sanctuary space for their Sunday services. Click to read more at www.rejournals.com.
News Release For Further Information Contact:
For Immediate Release Kevin Poynter, Poynter Commercial Properties
June 15, 2020 281-854-2170 / KPoynter@PCPTX.com
(HOUSTON) – Poynter Commercial Properties Corp. has again been appointed as the exclusive leasing agent for the Energy Tower building located at 11700 Katy Freeway. Energy Tower is now under the new ownership of ATLAS ENERGY TOWER LLC, an entity associated with Dallas-based ATCAP Partners, LLC. Kevin Poynter, the principal of Poynter Commercial Properties Corp, was part of the original Ownership that developed Energy Tower and has been involved in every lease transaction in the project since its inception over 20 years ago; totaling nearly 1,000,000 sf. Poynter commented “We are very excited to be working with Atlas Energy Tower LLC and welcome their innovative approach to management and leasing.” Poynter further commented “David Cartwright, a principal at ATCAP Partners, has implemented a hands-on management approach and has appointed Cedar Ridge Services to the be the on-site property manager. Cedar Ridge Services has substantially decreased operating expenses while increasing the Tenant Satisfaction Index. With an onsite 5,000 sf freestanding Fitness Center, 200 person multi-functional Conference Facility, newly finished full service Peppercini’s restaurant, indoor and outdoor dining, and an outdoor putting green; Energy Tower is one of the most amenitized properties available to tenants in the Energy Corridor. Poynter Commercial Properties Corp. is a privately-owned Houston based real estate firm specializing in Development, Owner Representation, Tenant Representation, Property Management, Spatial Assessments, Construction Management, Market Analysis, Acquisition, Disposition, Geographic & Demographic Studies, and Feasibility Analysis. To learn more about Poynter Commercial Properties Corp. visit our website at www.pcptx.com.
Avison Young negotiated a 12,250-square-foot office lease renewal on behalf of professional engineering consulting firm, RCP Inc., located at 801 Louisiana in Houston’s central business district. RCP Inc., the tenant, was represented by Avison Young principal Anthony Squillante and vice president Josh Morrow, who are based in the company’s Houston office. The landlord, 801 Louisiana Partners, L.P., was represented by Trey Miller of Boxer Property. “RCP Inc. has called 801 Louisiana home for approximately 10 years and I am pleased that we could assist them with extending their stay for even longer,” said Squillante. “Employees at RCP will continue to enjoy easy access to the tunnel system and popular downtown attractions such as the Theater District and Tranquility Park,” said Morrow. Since 1995, RCP Inc. has been one of Houston’s leading providers of regulatory compliance and engineering services. The professional engineering firm provides a broad scope of services that include compliance program development, risk management services, technical writing and acquisition support. The RCP team consists of nearly 60 regulatory experts and professional engineers. “Anthony and Josh provided valuable assistance in selecting and performing detailed analysis and comparisons of our office space options in downtown Houston,” said W. R. (Bill) Byrd, PE, president of RCP Inc, of RCP Inc. “After an eight-month process we were able to negotiate a renewal of our current office space on very favorable terms. I am grateful for the expertise and guidance provided by Avison Young.”
Brennan Investment Group co-founder and managing principal, Tod Greenwood, will become executive director of build-to-suit development and lead Brennan’s expanded efforts in the build-to-suit arena. Since the company’s founding in 2010, Greenwood has worked in the Houston office focusing on both speculative and build-to-suit development. The appointment of Greenwood to this position will support Brennan’s recent announcement concerning its corporate real estate solutions (CRES) initiative. Through CRES, Brennan seeks to help corporations improve industrial supply chain efficiencies by purchasing surplus assets, entering into sale-leaseback transactions and constructing new facilities. “Tod’s role places him at the tip of the spear for global supply chain reconfigurations,” said Michael Brennan, chairman of Brennan Investment Group. “Whether caused by geopolitical factors or the rapid advance of applied technology that bolsters e-commerce and manufacturing reshoring, the supply chains of tomorrow will bear no resemblance to their current form.” Greenwood has a long history in development, beginning in 1997 at the Trammell Crow Company, where he led their industrial development business in Houston. After Trammell Crow, he ran the day-to-day development operation for Crosswell Greenwood, a regional retail development company. Most recently, Greenwood completed build-to-suit projects in Austin, Houston, Port St. Lucie, Florida, and Londonderry, New Hampshire.