Middle Market Digest: This Week in the South and Mountain Regions

Cushman & Wakefield's industrial research weighs the impact of trade with China, the United States' second largest trading partner and its third largest export market as well as a driver of the industrial-related warehouse demand in this country, and concludes that China remains too important of a U.S. trade partner to engage in a trade war. Industrial development and transactions continue to be a fair share of the commercial real estate landscape. In addition to abundant industrial activity throughout the region, a good number of leases and subleases have hit the books recently.—Lisa Brown

BY THE NUMBERS

DENVER—The industrial market recorded 648,247 square feet of total net absorption in the first quarter, says JLL. Three deals contributing to positive absorption this quarter include Medline Industries moved into its 545,000-square-foot build-to-suit, QED occupied 58,185 square feet at 701 Osage and Tosca Services took 54,600 square feet at 18250 E. 40th Ave. Even though deliveries lagged this quarter, 2017 is expected to be yet another record year of new supply with another 4.5 million square feet to be added to inventory. Absorption will hit an all-time high once Amazon moves into its 1-million-square-foot fulfillment center later this year.

NEWS AND NOTABLES

DALLAS—Westmount Realty Capital LLC announced that Ginny Goldsmith has joined the company as director of property management–office and industrial. In this role, Goldsmith will provide leadership and a strategic direction for the company's property management team, which oversees a portfolio of 10 million square feet of industrial and office space nationwide.

DENVER—National Healthcare Realty announced the addition of Mike Wood who has joined the company in the capacity of executive vice president of design and construction. In this new role, Wood will oversee all national design, construction, and project management efforts for the firm's ground-up development projects. Prior to joining National Healthcare Realty, Wood served as national director of healthcare market development for Oldcastle Inc., an international building products organization.

HOUSTON—Boxer Property Management Corporation announces that Todd Graff has joined the team in the role of asset manager. In his new position, Graff will be joining Boxer's asset management team responsible for overseeing the growth and maintenance of third party clientele.

HOUSTON—NAI Partners announced that it has hired experienced director of research Leta Wauson to manage all research efforts for the Houston, Austin and San Antonio metropolitan areas. Wauson will be responsible for data intelligence that conveys historical and future forecasts in quarterly reports, annual reviews and customized reports covering market trends, significant transactions, and local economic and demographic data.

HOUSTON—The Woodlands Development Company, a wholly owned subsidiary of The Howard Hughes Corporation, will host Creekside Park Unplugged, a free family-friendly concert series set for Wednesday nights, April 19, 26 and May 3 from 6:00 to 8:00 p.m.

DEAL TRACKER

AUSTIN, TX—Qualia Labs has signed a 3,325-square-foot sublease at 816 Congress. Aquila Commercial represented Qualia Labs and HPI represented the sublessor in the transaction.

AUSTIN, TX—Hack Reactor, a coding Bootcamp, has joined the tenant roster at 800 Brazos, a 98,888-square-foot building. Hack Reactor selected the space as an ideal environment to provide coding education for its students. 800 Brazos continues to attract many of the leading creative and tech companies in the city. Current tenants include Trendkite, Concierge Auctions, Datafiniti and Design Workshop. The building currently offers up to 17,212 rentable square feet of contiguous space for a new tenant.

DENVER—Four additional companies have signed new leases at Hub 25, Westfield Company's recently completed 421,499-square-foot class-A industrial park located at 601 East 64th Ave. Rustic Log Furniture Inc., One Stop Parts Source LLC, Rep Fitness and Cabinet Warehouse will be locating to the site beginning this spring, occupying nearly 140,000 square feet across the four leases. Tyler Carner and Jeremy Ballenger with CBRE industrial and logistics services are representing Westfield Company in the leases.

FORT WORTH—The Fort Worth office of Holt Lunsford Commercial adds One West 7th to its leasing portfolio. One West 7th is a class-A seven-story office building totaling 127,169 square feet located at 2821 West 7th St.  Situated on the hard corner of Foch and 7th Street, One West 7th offers visibility and accessibility entering and exiting the cultural district.

CORPUS CHRISTI, TX—On behalf of F1S Sunchase Associates LLC, JLL announced the sale of Sunchase Apartments. Raybec Alameda LLC purchased the 224-unit garden-style apartment community. Managing director Scott LaMontagne and senior vice presidents Moses Siller and Zar Haro with JLL Capital Markets represented the seller.

Cushman & Wakefield's industrial research weighs the impact of trade with China, the United States' second largest trading partner and its third largest export market as well as a driver of the industrial-related warehouse demand in this country, and concludes that China remains too important of a U.S. trade partner to engage in a trade war. Industrial development and transactions continue to be a fair share of the commercial real estate landscape. In addition to abundant industrial activity throughout the region, a good number of leases and subleases have hit the books recently.—Lisa Brown

BY THE NUMBERS

DENVER—The industrial market recorded 648,247 square feet of total net absorption in the first quarter, says JLL. Three deals contributing to positive absorption this quarter include Medline Industries moved into its 545,000-square-foot build-to-suit, QED occupied 58,185 square feet at 701 Osage and Tosca Services took 54,600 square feet at 18250 E. 40th Ave. Even though deliveries lagged this quarter, 2017 is expected to be yet another record year of new supply with another 4.5 million square feet to be added to inventory. Absorption will hit an all-time high once Amazon moves into its 1-million-square-foot fulfillment center later this year.

NEWS AND NOTABLES

DALLAS—Westmount Realty Capital LLC announced that Ginny Goldsmith has joined the company as director of property management–office and industrial. In this role, Goldsmith will provide leadership and a strategic direction for the company's property management team, which oversees a portfolio of 10 million square feet of industrial and office space nationwide.

DENVER—National Healthcare Realty announced the addition of Mike Wood who has joined the company in the capacity of executive vice president of design and construction. In this new role, Wood will oversee all national design, construction, and project management efforts for the firm's ground-up development projects. Prior to joining National Healthcare Realty, Wood served as national director of healthcare market development for Oldcastle Inc., an international building products organization.

HOUSTON—Boxer Property Management Corporation announces that Todd Graff has joined the team in the role of asset manager. In his new position, Graff will be joining Boxer's asset management team responsible for overseeing the growth and maintenance of third party clientele.

HOUSTON—NAI Partners announced that it has hired experienced director of research Leta Wauson to manage all research efforts for the Houston, Austin and San Antonio metropolitan areas. Wauson will be responsible for data intelligence that conveys historical and future forecasts in quarterly reports, annual reviews and customized reports covering market trends, significant transactions, and local economic and demographic data.

HOUSTON—The Woodlands Development Company, a wholly owned subsidiary of The Howard Hughes Corporation, will host Creekside Park Unplugged, a free family-friendly concert series set for Wednesday nights, April 19, 26 and May 3 from 6:00 to 8:00 p.m.

DEAL TRACKER

AUSTIN, TX—Qualia Labs has signed a 3,325-square-foot sublease at 816 Congress. Aquila Commercial represented Qualia Labs and HPI represented the sublessor in the transaction.

AUSTIN, TX—Hack Reactor, a coding Bootcamp, has joined the tenant roster at 800 Brazos, a 98,888-square-foot building. Hack Reactor selected the space as an ideal environment to provide coding education for its students. 800 Brazos continues to attract many of the leading creative and tech companies in the city. Current tenants include Trendkite, Concierge Auctions, Datafiniti and Design Workshop. The building currently offers up to 17,212 rentable square feet of contiguous space for a new tenant.

DENVER—Four additional companies have signed new leases at Hub 25, Westfield Company's recently completed 421,499-square-foot class-A industrial park located at 601 East 64th Ave. Rustic Log Furniture Inc., One Stop Parts Source LLC, Rep Fitness and Cabinet Warehouse will be locating to the site beginning this spring, occupying nearly 140,000 square feet across the four leases. Tyler Carner and Jeremy Ballenger with CBRE industrial and logistics services are representing Westfield Company in the leases.

FORT WORTH—The Fort Worth office of Holt Lunsford Commercial adds One West 7th to its leasing portfolio. One West 7th is a class-A seven-story office building totaling 127,169 square feet located at 2821 West 7th St.  Situated on the hard corner of Foch and 7th Street, One West 7th offers visibility and accessibility entering and exiting the cultural district.

CORPUS CHRISTI, TX—On behalf of F1S Sunchase Associates LLC, JLL announced the sale of Sunchase Apartments. Raybec Alameda LLC purchased the 224-unit garden-style apartment community. Managing director Scott LaMontagne and senior vice presidents Moses Siller and Zar Haro with JLL Capital Markets represented the seller.