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.
Washington, DC – Waller County Economic Development Partnership (WCEDP) won a Bronze Rank award for its Ross Distribution Center, a project in the category of Public-Private Partnerships of the International Economic Development Council (IEDC). The honor was presented at an awards ceremony during the IEDC Annual Conference on October 15. “The new Ross distribution center stands as a great example of public and private entities working together for the common good. We want to thank Ross for selecting Waller County and for committing to help improve the road infrastructure in the area. Further, we also want to thank Waller County Road Improvement District #1 for working with Ross to structure a road agreement and for providing additional incentives to help attract the project”, stated Waller County Judge, Carbett “Trey” J. Duhon. IEDC’s Excellence in Economic Development Awards recognize the world’s best economic development programs, partnerships, and the year’s most influential leaders. IEDC received over 500 submissions from 4 countries. 35 award categories honor organizations and individuals for their efforts in creating positive change in urban, suburban, and rural communities. Awards are judged by a diverse panel of economic and community developers from around the world, following a nomination process held earlier this year. This winning project is a new ~1.8-2M square foot distribution center for Ross Stores, Inc. Ross is an S&P 500, Fortune 500, and Nasdaq 100 company that specializes in affordable clothing and household goods. This new distribution facility is their first in Texas and will make them the largest private-sector employer in Waller County with an estimated 1300 new full-time jobs. Vince Yokom, Executive Director for the WCEDP added; “I want to thank the IEDC for this great honor and to Ross for selecting our community for their new home in Texas. Being recognized as one of the best in the world by the best in the world is truly humbling.” “The winners of IEDC’s Excellence in Economic Development awards represent the very best of economic development and exemplify the ingenuity, integrity, and leadership that our profession strives for each and every day”, said 2020 IEDC Board Chair and One Columbus CEO Kenny McDonald. “We’re honored to recognize the more than 100 communities whose marketing campaigns, projects and partnerships have measurably improved regional quality of life.”
About the International Economic Development Council
The International Economic Development Council (IEDC) is a non-profit, non-partisan membership organization serving economic developers. With more than 5,000 members, IEDC is the largest organization of its kind. Economic developers promote economic well-being and quality of life for their communities, by creating, retaining and expanding jobs that facilitate growth, enhance wealth and provide a stable tax base. From public to private, rural to urban and local to international, IEDC’s members are engaged in the full range of economic development experience. Given the breadth of economic development work, our members are employed in a wide variety of settings including local, state, provincial and federal governments, public-private partnerships, chambers of commerce, universities and a variety of other institutions. When we succeed, our members create high-quality jobs, develop vibrant communities, and improve the quality of life in their regions. Learn more at iedconline.org.
About the Waller County Economic Development Partnership
Waller County Economic Development Partnership is a Texas non-profit, 501 (C) 6 corporation formed in 2002. The WCEDP is organized to operate a charitable service center to foster increased, environmentally-balanced business commerce, positive growth, and overall cooperation and coordination for all communities throughout Waller County, Texas. You can learn more at www.wallercounty.org/about.php. Waller County Economic Development Partnership is a Texas non-profit, 501 (C) 6 corporation formed in 2002. The WCEDP is organized to operate a charitable service center to foster increased, environmentally-balanced business commerce, positive growth, and overall cooperation and coordination for all communities throughout Waller County, Texas. You can learn more at www.wallercounty.org/about.php.