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Beth Lambert joins Foundry Commercial as Executive Vice President, bringing extensive experience in investment sales, debt origination/structuring, and equity raising to serve clients across various asset classes. Her role will crossover Foundry’s Investment Advisory as well as Debt & Structured Finance platforms, offering real-time solutions in response to market fluctuations. Her experience spans all facets of debt origination and encompasses a diverse array of debt products.
Dunaway is pleased to announce Trent Perez, PE, as the newest addition to our Houston team. Through the acquisition of PRD Land Development Services, LLC, Trent joins Dunaway as a Principal, bringing over twenty-five years of engineering experience. As a Principal at Dunaway, Trent will lead strategic initiatives and business development efforts in the Gulf Coast region to identify opportunities that align with our regional growth plans.
Marvalette joined Baker Tilly’s public sector advisory practice with a diverse background in architecture, urban design and real estate development.
As the former Chief of Staff for Houston Mayor Sylvester Turner, she was instrumental in shaping the city’s policies and strategies. She led significant housing initiatives as the Chief Development Director of the Harris County Housing Authority. She served as Executive Director of a not-for-profit development corporation and Dominion CDC.
She was a member of the Texas Affordable Housing Task Force and influenced strategies through her board position at the Near Northwest Management District. She serves as a trustee for the Holocaust Museum Houston and the Rockwell Fund, and has leadership roles within NHS Jack and Jill of America, Inc.
She co-authored an affordable housing resource for the Fannie Mae Foundation and was named Top 30 Most Influential Women in Houston in 2018. For more information, visit bakertilly.com.
CBRE has appointed Tom Kim as the new U.S. Industrial sector leader for Valuation & Advisory Services (VAS).
In this strategic role, Kim will work closely with VAS leadership and regional teams to drive growth initiatives nationwide in the industrial real estate sector. He will also play a key part in developing CBRE’s Industrial offering in the important Chicago market, collaborating with market veteran Scott Patrick.
Kim brings extensive experience and strong client relationships developed over his career, previously spending 16 years at CBRE, and most recently leading a national Industrial team at JLL.
Hanley Investment Group Real Estate Advisors facilitated the acquisition of two single-tenant net-leased properties occupied by Brakes Plus in North Richland Hills and Killeen, Texas, in separate transactions.
Hanley Investment Group’s Vice President Garrett Wood represented the buyer, a Florida-based private 1031 exchange investor.
The first Brakes Plus-occupied property is located at 8612 Precinct Line Road in North Richland Hills, part of the Fort Worth-Dallas metro area, near the signalized intersection of Davis Boulevard and Precinct Line Road (with 44,500 vehicles per day).
Built in 2022, the 4,956-square-foot Brakes Plus sits on a 1.02-acre parcel adjacent to Super Target and a Walmart Supercenter, with over 18 years remaining on the absolute triple-net lease, which has a corporate guarantee by Mavis Tire Express Services Corp. Other national tenants within a mile of the property include Kroger, Walgreens, Aldi, Starbucks, McDonald’s Chick-fil-A, Dutch Bros and Bank of America. The seller, a Colorado-based private investor, was represented by Marcus & Millichap’s Drew Isaac, Brian Bailey and Tim Speck.
The second Brakes Plus-occupied property is situated in Central Texas at 3301 West Stan Schlueter Loop in Killeen, which sees nearly 30,000 vehicles per day. Killeen is home to Fort Hood, now known as Fort Cavazos, one of the largest military installations in the world.
Built in 2023 on a 1.04-acre parcel, the 4,900-square-foot Brakes Plus has nearly 15 years remaining on its new absolute triple-net lease, which has a corporate guarantee by Mavis Tire Express Services Corp. The property is located near Walmart, HEB grocery store, Dollar General and Arby’s. Recently constructed sites nearby include Mister Car Wash, CVS, Popshelf, Starbucks, Sherwin-Williams and Taco Casa.
The seller, a Los Angeles-based private investor, was represented by Sands Investment Group’s Matt Montagne, Maxwell Watson and Tyler Ellinger.
JLL Capital Markets arranged the sale of Sage Spring Senior Living, a senior living community in San Marcos, Texas.
JLL represented the seller, a joint venture between Bow River Capital and Investcor, and procured the buyer, Inspired Healthcare Capital.
Sage Spring Senior Living is located in San Marcos, midway between San Antonio and Austin. The 90-unit assisted living and memory care community opened in December 2020 and was stabilized at time of sale.
The JLL Capital Markets Investment Sales and Advisory team was led by Senior Managing Directors Jay Wagner, Rick Swartz and Aaron Rosenzweig and Director Dan Baker.