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Friedman Real Estate‘s Mark Zeidman and Nick Jasien recently sold a retail store located at 750 Highway 6 South in Houston, Texas.
Subway Memorial currently occupies the building and has strong management in place. Friedman’s brokers represented the seller in the transaction.
JLL Capital Markets has completed the sale of Briar Forest Crossing, a 94,404-square-foot office building in Houston, Texas.
JLL represented the seller, CapRidge Partners, LLC in the off-market transaction. LM & Associates, LLC, a 1031 investor, purchased the property and was represented by Doug Pack with Colliers, who will also be handling the leasing.
Briar Forest Crossing is located at 1300 West Sam Houston Parkway, at the northwest corner of Sam Houston Tollway and Briar Forest in Houston’s Westchase submarket. The office building is convenient to Houston’s Energy Corridor as well as the Galleria and Greenway Plaza business districts. Additionally, the property is just west of The Villages, one of Houston’s most affluent residential neighborhoods.
The four-story building is currently 73.1% leased and serves at the headquarter location for US Physical Therapy. Building amenities include a common area conference center and parking in an attached structured garage.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Director Marty Hogan.
JLL Capital Markets closed the sale of Vue on MacGregor, a 117-unit / 347-bed student housing community near the University of Houston.
JLL worked on behalf of the seller, Trimont, LLC and procured the buyer, Axonic Properties, LLC.
Built in 2014, the 96.3% occupied property features fully furnished one-, two-, three-, four- and five-bedroom units ranging from 369 square feet to 1,128 square feet. The units include in-unit washers and dryers, stainless steel appliances and granite countertops. Community amenities include dedicated study rooms, a swimming pool, two fitness centers, a business center, free community-wide Wi-Fi and cable, dog park and prime views of downtown from an upper view deck.
Situated at 4460 South MacGregor Way, Vue on MacGregor is 0.5 miles from the University of Houston campus and a 15-minute drive from Downtown Houston, which features 52 million square feet of office space. The property is ideally set in a quiet enclave near MacGregor Park, a short walk or shuttle ride to classes and only a few miles from the light rail providing access to downtown. Both Griggs Road Shopping Center and The Trail Shopping Plaza are a five-minute drive from the property. Additionally, residents have easy access to the greater Houston metro via nearby Interstate 45.
The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Managing Directors Teddy Leatherman and Scott Clifton, Director Kevin Kazlow and Analyst Danielle Rice.
Jordon Emmott and Abraham Garza of GREA (Global Real Estate Advisors) brokered the sale of Chateaux Dijon Apartments from Investres (which purchased the property in 2018) to Three Pillars Capital Group. The 426-unit multifamily community is located in the Galleria area at 5331 Beverlyhill Street (77056).
Three Pillars has extensive renovation plans for the community that President George W. Bush once called home.
Emmott noted, “Chateaux Dijon is one of the most historic and recognizable apartment properties in Houston. The architecture was simply way ahead of its time and I am excited to see the asset being revitalized.”
Partners Real Estate, one of the largest independent commercial real estate firms in Texas, recently arranged a 23,100-square-foot sale at 18315 Aldine Westfield Road to close out a three-building industrial spec development project, totaling 93,350 square feet for TNRG Development at Intercontinental Crossing Business Park.
Partners’ Clay Pritchett, SIOR and Zane Carman represented the seller, TNRG Development, in each of these transactions.
JLL Capital Markets has closed the sale of Steeplechase Center, a 195,575-square-foot neighborhood power retail center in Northwest Houston, Texas.
JLL represented the seller, Jones 1960 Crossroads, LLC, and Highland Capital acquired the asset.
The 82% occupied Steeplechase Center is leased to Goodwill, Melrose, Citi Trends, Uptown Beauty, Dollar Tree, dd’s Discounts, 99 Cents Only, Big City Wings, Leslie’s Pools, Rent a Center, La Reyna Tortilleria, Kim’s Hair Salon, Imperial Foot Reflexology, Iris Nails and Spa, Nancy’s Tailor, Metro PCS, Pho Town, Checkers and Ostioneria Michoacan.
The property is located at 10705-10951 Jones Rd. directly off of Cypress Creek Parkway. The center is approximately a 30-minute drive from Downtown Houston.
The JLL team that represented the seller was led by Senior Director John Indelli and Senior Managing Director Ryan West.