Rockwood Village Center

AUSTIN-After doing business at 4107 Medical Pkwy. for 17 years, the Austin Apartment Association signed a lease for 7,914 square feet at Rockwood Village Center. The trade association will relocate to its new office space on Nov. 1.

“Our new location is more central to our members and has unlimited potential for future growth,” says AAA president Colleen Grahn, explaining the reason for the organization’s move to 8620 Burnet Rd. ” With the additional square footage, AAA will be able to increase their educational opportunities for members and provide more flexibility for committee meetings.”   

The trade association represents and serves the rental housing industry, and is affiliated with the Texas Apartment Association and the National Apartment Association. Its membership is made up of property owners; management companies and on-site staff; and vendors who provide products and services to the industry.

Bryan McMurrey, with CBRE represented AAA. Mike Martine with Martine Properties represented the landlord.

 


ACQUISITIONS/DISPOSITIONS

ARIZONA

Gilbert

  • Virji Investment Corp. of Calgary, Alberta, Canada acquired the 17,867-square-foot Highland Plaza at 1458 and 1496 N. Higley Rd. for $4.25 million. Steve Julius and Jesse Goldsmith of CBRE represented the buyer and seller Mariah Properties VIII and Mariah Properties IX LLC in the transaction.

Phoenix

  • Tucson-based Academy of Mathematics and Science South acquired a 17,500-square-foot flex/industrial building at 35th Avenue and Osborn Road for $1 million from J Firpo. Justin LeMaster, Gary Anderson and Mark Tuite with Cassidy Turley represented the seller. Ryan Timpani, Todd Noel and Keith Lambeth of Colliers International represented the buyer.
  • A 15,120-square-foot Walgreens store has changed ownership for $4.2 million. Mark Ruble and Jamie Medress with Marcus & Millichap Real Estate Investment Services brokered the transaction of the property at 3502 W. Camelback Rd.

TEXAS

Austin

  • The 34-unit Raintree Apartments at 8806 Redfield Lane has sold. Kent Myers, Joe James and Hector Granado with Marcus & Millichap Real Estate Investment Services brokered the transaction between the seller, a partnerhip, and the buyer, a limited liability company.

Edinburg

  • A private investor sold the 96-unit Vista De Palmas at 1415 Freddy Gonzalez to a private buyer. Zar Haro and Michael Moffitt Jr. with Marcus & Millichap Real Estate Investment Services brokered the transaction.

Frisco

  • The Dallas-Fort Worth franchisee for Kids ‘R’ Kids Learning Academies purchased 2.2 acres at the southeast corner of Independence Parkway and Rolater Road. Clay Mote  with Venture Commercial represented the buyer. Michael Neitzel of Neitzel Real Estate Company LLC represented the seller.

Midland

  • A limited partnership sold 2.8 acres at the southwest quadrant of North Loop 250 West and SH 191. Clay Mote with Venture Commercial represented the seller. Shirley Wood of Midland-based LMB Real Estate Group represented the buyer, which plans on developing a retail shopping center on the site.

Texarkana

  • Moran Capital acquired the .7-acre site of a former service station at 2502 Richmond Rd. Venture Capital’s Clay Mote represented the buyer. Jerry Brewer of NAI American Realty Company represented the seller.

 


LEASING

Austin

  • Apartment Locators signed a 2,350-square-foot lease at Horizon Center, 13497 N. SH 183.  Cole Brodhead of Retail Solutions represented the landlord.
  • Monger’s Restaurant & Fish Market leased 1,191 square feet at 2401 Cesar Chavez. TJ Powell of Retail Solutions represented the tenant and Richard Hall of KW Commercial, along with Sue London of Tier One Commercial, represented the landlord.

Belton

  • Ace Hardware leased 11,520 square feet at Main Street Crossing, 525 N. Main St.  Cole Brodhead and Carter Bailey of Retail Solutions represented the tenant. David Simmonds, also of Retail Solutions represented the landlord.

Brownsville

  • Flexi Compras leased 7,612 square feet at Boca Chica Square, 2921 Boca Chica Blvd.  Horacio Gallegos of Retail Solutions represented the landlord. Randy Moudry and Brian Clayton of Moudry Real Estate Advisors represented the tenant.

Cedar Park

  • Flex Fit Gym leased 8,892 square feet at the Depot, 401-402 E. Whitestone Blvd. Alan Rust with Retail Solutions represented the landlord, and Shawn Ackerman of Henry S. Miller Brokerage represented the tenant.

Dallas

  • Bright Dental leased 2,100 square feet at Midway Market, at Midway and Frankford Roads.
  • Cynthia Bailey of WindStar Properties represented the landlord, WindStar Midway Partners, LLC. The tenant was represented by Reynolds Commercial Realty Advisors Inc. dba Dental Space Advisors.
  • Kansas City, KS-based UMB Financial Corp.’s subsidiary UMB Bank NA signed a lease to occupy 5,887 square feet in the under-construction Hall Arts building at 2323 Ross Ave. In the interim, UMB has leased 3,284 square feet of office space at 2600 Network Boulevard in Hall Office Park in Frisco. Mike Gosslee with Cushman & Wakefield of Texas Inc. represented UMB in site selections and lease negotiations for both leases. Kim Vincent Butler represented Hall Financial Group, developer and owner of Hall Arts and Hall Office Park in the transactions.

Fort Worth

  • All Printing Resources Inc. renewed 10,000 square feet of industrial space at 7845 Will Rogers Blvd. Nick Talley with Bradford Commercial Real Estate Services represented the landlord, Carter Industrial Partners LP. Michael Newsome of NAI Robert Lynn represented the tenant.

Frisco

  • Preferred Imaging of Frisco leased 3,897 square feet at 4525 Ohio Dr. Preferred Imaging of Frisco was represented by Corbin Bengston of Mohr Partners. Jim Turano and Rebecca Harrell represented the landlord Lyla Properties

Hidalgo

  • Mego Afek USA renewed a 4,040 square-foot lease at Valle Alto, 2409 E. SH 281. Joaquin Orozco of Retail Solutions represented the tenant, and Jeanette Martinez represented the landlord.

Irving

  • Plastronics Socket Partners LP leased 12,888 square feet of industrial space in Las Colinas Distribution Center 5, 3241-51 N. Skyway Dr. from James Martino Children’s Ltd. Brian Pafford and Jason Miller with Bradford Commercial Real Estate Services represented the landlord. Mike Cleary of CBRE represented the tenant.

Houston

  • Entrust Energy leased 2,000 square feet at Richmond Plaza, 6320 Richmond.  Simon Ha with Retail Solutions represented the landlord, and Michael Knowles of REMax represented the tenant.
  • Murex Petroleum leased 33,672 square feet at 363 N. Sam Houston Pkwy. Terri Torregrossa and Griff Jaggard of Moody Rambin represented building owner 363 Northbelt LP. Ryan Fassett with Moody Rambin represented the tenant in negotiations.

San Antonio

  • Agencia De Seguros Insurance renewed its space at Ingram Square, 6531 NW Loop 410. Tim McBrearty with Retail Solutions represented the landlord.
  • Hair Fanatics Barber & Beauty Shop leased 920 square feet at Pipers Creek, 7870 Culebra Rd.   Kay Lewis of Retail Solutions represented the landlord. Lewis also represented the Pipers Creek landlord in a 781-square-foot renewal signed by A&D Alterations.
  • Metro PCS signed a 960-square-foot lease at 7126 Bandera Rd. Kay Lewis of Retail Solutions represented the landlord, and Christian Garcia of First American Commercial Property Group represented the tenant.
  • UBA Pharmacy renewed a 1,522-square-foot lease at Red Tree Square, 5445 Walzem Rd. Tim McBrearty of Retail Solutions represented the landlord.

Stafford

  • ATT Technology Ltd. leased a 15,000-square-foot building in Stafford Business Park, 13340 Pike Rd. John Ferruzzo and Darren O’Conor of NAI Houston represented the landlord, SBP-Development III Ltd. in the lease transaction. CBRE’s Ed Frantz and Kevin Kushner represented the tenant.

Taylor

  • Scott & White Healthcare leased 3,705 square feet at Taylor Plaza, 3100 N. Main St.  Alan Rust and Tucker Francis of Retail Solutions represented the landlord, and Will Blackbird represented the tenant.

 


CAPITAL MARKETS

TEXAS

The Woodlands

Davis Holdings LP obtained first mortgage financing of $1.1 million for the 11,250-square-foot Alden Bridge Village, a strip center at 8021 Research Forest Dr. Financing was based on a 15-year term and a 15-year amortization schedule. Chad Owns with NorthMarq arranged financing for the borrower from a correspondent life company lender.

 


EXECUTIVE MOVES

ARIZONA

Scottsdale

Robert L. Kennedy has joined Churchill Commercial Capital Inc. as a loan officer and Jason Carols as a loan analyst. Kennedy brings an extensive background in commercial real estate lending and mortgage banking to Churchill; previous positions include vice president of Bank of Arizona and assistant vice president of Irwin Union Bank.  Mr. Kennedy has originated and serviced commercial real estate loans in over 20 states.  He graduated from the University of Utah.  Carols is a recent finance graduate from the University of Arizona, where he was the co-founder of the Real Estate Investment Club.  He served internships with Holliday Development and work experience at Yelp, as well as charitable experience with the Amor Industries Mexico Housing Project.

TEXAS

Dallas

  • John Bielamowicz  has been promoted to vice president of Henry S. Miller Brokerage’s Dallas-For Worth industrial division. Bielamowicz joined the company in 2008. He received a Bachelors of Business Administration with a concentration in Real Estate from the University of Texas at Arlington.
  • Jay R. Lucas has joined Cushman & Wakefield of Texas Inc. as senior director in the firm’s industrial group. He’ll focus on agency leasing, tenant representation and investment sales.   Lucas spent 25 years as president of the office and investment division of Harry B. Lucas Co.  He was most recently president and CEO of CCIM Technologies, where he created the Site to Do Business online application, a premier commercial real estate technology. Lucas earned his BBA in Finance from the University of Texas.
  • David Martinez has been hired as a property tax manager with Real Estate Tax Consultants. Martinez will be responsible for analyzing, appraising and appealing assessed values on commercial properties and business personal property accounts at appraisal districts. He previously served as a property tax manager with Grant Thornton LLP. Martinez received a bachelor’s degree in business administration in entrepreneurship and strategic management.
  • Charlie Morris has joined Cassidy Turley as senior vice president. In this role, Morris will provide comprehensive tenant representation services for Cassidy Turley’s clients in the Uptown and CBD submarkets. Morris joins Cassidy Turley from Colliers International, where he specialized in office tenant representation with an emphasis in legal and corporate occupiers. He received his Bachelor of Arts degree from the University of Virginia.

Houston

  • Enrique Gonzalez joined Boxer Property’s construction team as senior chief engineer. He will oversee the company’s construction management and space planning departments in Houston and will be responsible for the completion of tenant improvement projects in Houston and Boxer’s regional markets outside of Texas. Gonzalez is a graduate of Texas A&M University with a degree in architecture and has 17 years of experience in the commercial construction management industry, working with large firms including Summit DCK, Skanska, Faulkner and others.