Abby Office Renews 20,000 SF

Abby Office Centers has renewed its lease at the 363 N. Sam Houston Pkwy. on the city's north side for 20,406 square feet.  Griff Jaggard and Terri Torregrossa of Moody Rambin Interests represented the building owner, 363 Northbelt, LP. Randy Wilhelm with NAI Houston represented the tenant in negotiations for the space in the Northbelt submarket.

Abby Office Centers is in the executive suite industry, offering 24/7 office space and virtual offices. According to the company's website, new locations will soon open in Houston's far west submarket (the Energy Corridor) and in San Antonio, on the Riverwalk.  The company currently has locations in Dallas, New Orleans and Tucson as well as throughout the Houston area.

 

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ACQUISITIONS/DISPOSITIONS

ARIZONA

Apache Junction

• McHenry Family Trust of Phoenix acquired two retail properties; Arroyo Hermosa, a 21,344-square-foot multi-tenant retail center located at 212 W. Superstition Blvd.  and Mexican Village, a 9,251-square-foot multi-tenant retail center located at 879 N. Plaza Dr. Andrew Fosberg and Steve Fernandez of CBRE's Phoenix office represented the seller, Beaulieu Family Trust of Beaverton, OR, in negotiating the $1.18 million sale.

Phoenix

• Empire Metal Property LLC acquired a three-building, 33,700-square-foot industrial property at 2007 W. Mountain View Rd. for $1.6 million from Gant Revocable Living Trust. Greg Dodge with Cassidy Turley represented the seller and Janis M. Wagner of Pro-formance Realty Concepts represented the buyer.
• R&B Wholesale Distributors Inc. acquired a 48,294-square-foot warehouse facility at 353 N. 44th Ave. from the Johnson Family. Will Strong and Jim Wilson of Cushman & Wakefield's Phoenix office represented the seller and Andy Cloud with Cassidy Turley represented the buyer in the $2.6 million transaction.

Tempe

• AHF American Homes Fund (USA) LP purchased the eight-unit Griffith Estates Apartment at 1337 & 1343 W. 3rd St. from O.W.L. Real Estate and Investments LLC for $389,340. Natan Jacobs, Les Litwin and Victoria Miachika of Vestis Group represented the buyer in the sale.

TEXAS

Austin

• Belmont Village Senior Living acquired 13 acres at 4310 Bee Cave Rd. Colin Armstrong of CBRE Austin represented the seller. The buyer is building the 141-unit Belmont Village West Lake Hills on the site.

Houston

• Discount Rags Ltd. acquired a 107,025-square-foot office/warehouse at 8300 Telephone Rd. CBRE's Bill Rudolf and Gray Gilbert represented the seller. Budd Tibbs of Brian Yates Interests Inc. represented the buyer.

 

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DEVELOPMENT

ARIZONA

Phoenix

• Renovation has begun on Camelback Medical Plaza, a 45,936 square foot, 30 year old medical office building located at 5040 North 15th Ave. Centum Health Properties LLC bought the property in February. Romspen Investment Corp. provided the initial acquisition financing and will lend the subsequent funds for the planned capital improvements to the property. The four-story building will undergo a significant facelift on the interior and exterior expected to be completed by late April.

TEXAS

Austin

• Phoenix Property Co. announced plans for a multi-million dollar modernization of the 140-unit 404 Rio Grande Apartments located at Rio Grande and 5th streets. Phoenix, the original developer of the asset, purchased the property back from the previous owner in August 2012.  Upgrades will utilize LEED-approved materials resulting in a green-friendly and more energy-efficient property. Included in the capital enhancements will be exterior repainting as well as upgrades to the building's façade, pool and courtyard areas, and leasing/business center. Phoenix selected Harper-Brawner LLC as the architect and consultant for the project with Lincoln Property Co. serving as the property manager.

 

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LEASING

ARIZONA

Gilbert

• Goodwill of Central Arizona leased the 25,740-square-foot former Whole Foods building at the northeast corner of Lindsay and Warner. Sub-lessor Whole Foods Market Inc. was represented by Adam Madison at Cushman Wakefield.  Goodwill was represented by Andy Kroot of Velocity Retail. 

Glendale

• Velocity Retail's John Jackson, Nick Ault and Michael Clark represented the landlord of Bell Tower Plaza at the northwest corner of Bell Road and 63rd Avenue in Glendale, Arizona in a five- year, 8,108-square-foot transaction with Pawn 1st.  The new store is expected to open in August of this year.

Oro Valley

• Mattress Firm leased a 3,850-square-foot building at 7871 N. Oracle Rd. in the Entrada del Oro Shopping Center.  The tenant was represented by Darren Pitts of Velocity Retail.  The landlord, Wright-Pantano LLC was represented by Terry Dahlstrom of Volk Company.  The store is expected to open in May of this year and will be the 12th store in the market.

San Luis

• Andy Kroot of Velocity Retail completed a 14,400-square-foot, 10-year lease to Goodwill of Central Arizona at 301 Piceno Dr.  The owner of the shopping center is JO-AZ LLC.  The store is expected to open in the third quarter of 2013. 

Tucson

• Mattress Firm finalized a twelve-year lease for 4,000 square foot at the northwest corner of Kino and Interstate 10  in Bridges shopping center.   Landlord Tucson Retail LLC is based in Boise, ID and was represented by Land Advisors Organization's Randy Titzck and Chad Russell.  Darren Pitts of Velocity Retail represented the tenant in the transaction.  The store is expected to open in the first quarter of 2014.             

TEXAS

Addison

• Favorite Brands leased 50,000 square feet of industrial space at 13755 Diplomat. J. Scott Moore of Holt Lunsford Commercial represented the landlord, ML Realty. Ryan Boozer of Mercer Company represented the tenant.

Allen

• Fiber Systems International Inc. renewed 49,865 square feet of flex industrial space in 75 Cornerstone Crossing, 1300 N. Central Expwy. Susan Singer of Bradford Commercial Real Estate Services represented the landlord, Cornerstone Crossing TIC Investors. Mike Kay of CBRE represented the tenant.

Arlington

• Skyline DFW Exhibits & Events subleased 47,675 square feet of warehouse space at 3709 E. Randol Mill Rd. from Western-BRW Paper Co. Inc. Jim Ferris with Bradford Commercial Real Estate Services represented the tenant. Jim Hazard, Brad Struck and Bill de la Chapelle of Transwestern Dallas represented the sublessor.

Austin

• Adometry Inc. leased 18,892 square feet at 6801 Capital Of Texas Highway. Doug Jones of HPI represented the tenant. Troy Holme and Katie Ekstrom with CBRE Austin represented landlord Maplewood Associates LP.
• AEP leased 17,090 square feet at Wells Fargo Tower, 400 W. 15th St. Matt Frizzell and Brian Liverman of Stream Realty Partners represented the landlord. Dan Patterson with Swearingen represented AEP.
• Anytime Fitness leased 4,500 square feet at Dakota Plaza, 8516 Anderson Mill Rd. Ryan Ridgeway of Stream Realty Partners represented the landlord.
• Austin Courier Co., Ltd leased 8,460 square feet at Beatrice Cove, 2400 Braker Lane. Will Nichols and Sam Owen of Stream Realty Partners represented the landlord.
• CPL leased 19,511 square feet lease at 4200 Grand Ave. Matt Frizzell of Stream Realty Partners represented the landlord, Travesia. John Pope with Rubicon Representation represented the tenant.
• Highland Dental Laboratory, LLC leased 1,970 square feet at Corporate Center. 8868 Research Blvd. Will Nichols and Sam Owen of Stream Realty Partners represented the landlord. Highland Dental was represented by Chris Skyles with SkylesBayne Co.
• HomeAway, Inc. leased an additional 11,342 square feet at 12301 Research Blvd. from Dra/CLP Research Park Plaza Austin LP. Mike Wiley and Danny Roth with Southwest Strategies represented the tenant. Troy Holme and Casey Ford with CBRE Austin represented the landlord.
• Kumon Math leased 1,570 square feet at Temple Towne Center, 2112 SW HK Dodgen Loop. Ryan Ridgeway of Stream Realty Partners represented the landlord. Kumon Math was represented by Erik Hill with Coldwell Banker.
• N4H leased 1,000 square feet at Stratum Executive Center, 11044 Research Blvd. Matt Frizzell and Brad Philp of Stream Realty Partners represented the landlord. N4H was represented by Jason Steinberg with ECR.
• Stanley Convergent Security Solutions, Inc leased 5,363 square feet  at Northtech Business Park, Building 1 at 4616 W. Howard Lane. Will Nichols and Sam Owen of Stream Realty Partners represented the landlord. Stanley Convergent was represented by Gaines Bagby with CBRE.
• Swinerton Builders leased 3,718 square feet at Las Cimas II and III, 805 Las Cimas Pkwy. Kevin Granger and Brian Liverman of Stream Realty Partners represented the landlord.
• Telerik leased 3,201 square feet Chase Tower, 221 W. 6th St. Kevin Granger and Matt Frizzell of Stream Realty Partners represented the landlord. Robert Paine with T. Stacy represented Telerik.
• Texas Gas leased 4,307 square feet at Barton Oaks Plaza One., 901 S. MoPac Expwy. Kevin Granger and Brad Philp of Stream Realty Partners represented the landlord. Kathy Carbonetti and John Childers with Jones Lang LaSalle represented Texas Gas.
• Triggerpoint Technologies leased 2,500 square feet at Oak Hill Business Park, 5321 Industrial Blvd. Will Nichols and Sam Owen of Stream Realty Partners represented the landlord. Triggerpoint was represented by Zane Cole and Kristi Simmons with Aquila Commercial.
• Valen Light LLC leased 1,500 square feet at Southpoint Service Center at 3709 Promontory Point. Will Nichols and Sam Owen of Stream Realty Partners represented the landlord. Valen Light was represented by Otto Swingler with Live Oak Gottesman.

Ryan Ridgeway of Stream Realty Partners represented the landlord of Lamar Gateway, 911 W. Anderson Lane, in the following transactions:

• Austin MacRepair leased 63,624 square feet. Cypress Properties represented the tenant.
• Smokin Vapor & Cajun Grocery leased 1,460 square feet. Smokin Vapor was represented by Nathan Smith with AUSTIN Tenant Advisors.

Troy Holme and Katie Ekstrom with CBRE Austin represented landlord OTR in the following leases at 9442 Capital Of Texas Highway:

• ITCOA LLC aka Independence Title renewed 7,008 square feet. Jay Lamy with Aquila Commercial represented the tenant.
• Sandion aka Coldwell Banker renewed and relocated to 3,679 square feet in a direct deal.

Will Nichols and Sam Owen of Stream Realty Partners represented the landlord of Pecan Business Park, 3913 Todd Lane the following leases:

• Ironbridge Technologies, Inc. leased 1,962 square feet. Ironbridge was represented by Paul Ott with The Paul Ott Company.
• Marketpower Group, LLC leaed 1,518 square feet. Marketpower Group was represented by Jim Rourke with Aquila Commercial.

Will Nichols and Sam Owen of Stream Realty Partners represented the landlord of Braker 4, 2120 W. Braker in the following transations:

• Henry Schein Inc. leased 5,390 square feet. The tenant was represented by Jeremy Halback with USI Real Estate Brokerage.
• Valspar Corporation leased 2,322 square feet. The tenant was represented by Bill Buntyn with CASE Commercial.
• Oncura Partners Holdings leased 3,540 square feet. Oncura was represented by Jordan Smith with Aquila Commercial.
• Textbooks Rental Operations leased 4,056 square feet. Textbooks Rental Operations was represented by Christopher Schwab with Austin Office Space.
• Vital Farms, Inc. leased 10,000 square feet.

Carrollton

Brian Pafford with Bradford Commercial Real Estate Services represented landlord Acquiport DFWIP Inc. in the following transactions:

• Packaging Solutions Inc. renewed 48,910 square feet of industrial space in Marsh Business Park-West, 1125 Hayden Dr. Garrett Gibbons of Jackson & Cooksey represented the tenant.
• Spectrum Management LLC renewed 15,876 square feet of flex industrial space in Trinity Square Tech Center, 2545 Tarpley Rd. in a direct deal.

El Paso

• Robert Bosch LLC renewed 72,000 square feet at 1450 Pullman Dr. and 56,000 square feet at 11970 Pellican Dr. Anthony Mash with CBRE El Paso represented the tenant in both transactions while William Caparis, also with CBRE El Paso, represented the landlord of both properties, IndCor Properties.

William Caparis with CBRE El Paso represented landlord Eastgroup Properties LP in the following transactions:

• Trancy Logistics America Corp. renewed 16,800 square feet at 11831 Miriam. Jack Peitzer with RECON represented the tenant.
• Kamaya Inc.renewed 9,600 square feet at 28 Concord in a direct deal.

Fort Worth

• Bell Supply Company leased 67,589 square feet of industrial warehouse space from Bel Air Industrial, LLC at 700 Eight Twenty Blvd.  Matt Carthey and Donnie Rohde of Holt Lunsford Commercial represented the landlord and Robert Sawyer and Andrew Miller of Mages Real Estate represented the tenant.

Frisco

• JND Entertainment Inc. leased 9,921 sf of retail space in Preston Lebanon Crossing, 5500 Preston Rd.from Kimco Frisco LP. Nick Talley and Erik E. Blais with Bradford Commercial Real Estate Services represented the tenant. Jeff Kittleson and Andrew Wiley of CBRE represented the landlord.

Houston

• Belfor USA Group Inc. leased 15,156 square feet at Clay Hempstead Business Park, 8758 Clay Rd. Jeff Barbles of Moody Rambin Interests represented the building owner, IVEST LP. Jim Autenreith with Moody Rambin represented the tenant in negotiations.
• Comcast signed a lease for 6,500 square feet at 2616 S. Voss. Brandi Dees with CBRE represented the tenant in this transaction. Bruce Shelby of Shelby Estus Realty Group Inc. represented the landlord, Voss SE LLC.
• Hatch Mott MacDonad leased 8,514 square feet at the Frost Bank building, 10333 Richmond Ave. Ryan Fassett with Moody Rambin represented the tenant in negotiations. Virgil Hydes with Lincoln Property Co. represented the building owner.
• The Brandt Companies leased a 33,150-square-foot office/warehouse space at 13810 Hollister.  The tenant was represented by John Ferruzzo and Michael Keegan of NAI Houston. Rives Nolen of Insite Realty represented the landlord, Eastgroup Properties, in the transaction.
• Wilhelmsen Lease leased 5,411 square feet at the Ashford 6 building, 1155 Dairy Ashford. Bob Cromwell and Kevin Nolan of Moody Rambin Interests represented the building owner, BRI 1851 Ashford LLC. Jay W. Wall with Moody Rambin represented the tenant in negotiations.

Grand Prairie

• Amplex Corp. renewed 50,400 sf of warehouse space in Post & Paddock VI, 2700 112th St. Michael W. Spain and Jim Ferris with Bradford Commercial Real Estate Services represented the landlord, MP Post & Paddock LLP. Chris Bly of Proterra Properties Inc. represented the tenant.

Mesquite

• Guitar Center Stores Inc. leased 12,163 square feet at 2021 N. Town East Blvd. Bryan Cornelius, Ken Reimer, Jim Dunn and Katie Vance of Venture Commercial, along with Rob Franks of Jones Lange LaSalle Americas Inc., represented the tenant. Mark Cohen of CenterPoint Commercial Properties LLC represented the landlord.

 

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LEASING/MARKETING ASSIGNMENTS

TEXAS

Houston

• NAI Houston's Sam Hansen has been selected to lease 2450 and 2500 Fondren, soon to be branded Piney Point Offices. The buildings contain 153,000 square feet of office space and are located just north of Westheimer on Fondren. With a large vacancy pending, the owner is currently completing the design stage for major capital improvements including a reconfigured building entrance at 2500 with a circle drive, as well as, landscaping and monument signage.

 

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EXECUTIVE MOVES

ARIZONA

Phoenix

• Tammy B. Karth-Sidles has joined Cassidy Turley's property management team as Vice President. Karth-Sidles will oversee all operations of the property management portfolio and staff in Cassidy Turley's Arizona office. In addition, she will be responsible for strategic business planning and management of client relationships. Most recently she worked for Lincoln Property Co. where she was the Director of Management Services, Desert West Region. Prior, she served as Senior Vice President, Regional Director, West Region for Northmarq Real Estate Services and Senior Director of Property Management, West Region, for Opus Property Services, where she managed a 10 million-square-foot portfolio. Karth-Sidles is a graduate of University of Nebraska and a licensed Arizona Realtor.

Tucson

• Jim Sellers is joining CBRE's Capital Markets Debt & Equity Finance Group as a Senior Vice President.  Prior to joining CBRE, Sellers was the president and sole share holder of Heritage Advisory Corp., a full-service commercial mortgage banking company located in Tucson, where he specialized in loan origination, negotiation and placement of debt for all commercial property types.  CBRE has also entered into a definitive agreement to acquire a portion of Heritage Advisory's loan servicing portfolio.