BEAUMONT, TEXAS — NAI Wheeler has changed its name to Wheeler Commercial. This change represents a DBA (Doing Business As) change only. KenWheel Inc. remains unchanged. The president of the company, Lee Wheeler, has been serving southeast Texas for more than 16 years and has been in the commercial real estate business for more than 18 years. The structure and personnel of the company has not changed. Wheeler Commercial specializes in commercial real estate and brokerage services including sales, leasing, consulting and property management.
HOUSTON — Miller Road Realty has purchased 80.4 acres on Beaumont Highway in Houston. Trey Erwin of Colliers International represented the buyer in the transaction. Frank Blackwood of Capital Real Estate Commercial represented the seller, Williams Brothers Construction Co.
DALLAS — Steve Jarvie has joined E Smith Realty Partners as president. Jarvie will lead the growth initiative for Dallas tenant representation services and will serve on the company’s executive committee, assisting with strategic direction for the company. Prior to joining E Smith Realty, Jarvie served as executive vice president at Jones Lang LaSalle (JLL) and The Staubach Co., focusing on the development of new business and management of client transactions. Jarvie has accounted for more than 10 million square feet of leases during his career. Jarvie earned his Bachelor of Arts degree from Baylor University in Waco.
HOUSTON — Colliers International, on behalf of the landlord, Southwest Texas (Clinton) Industrial Park, has leased three distribution spaces in Clinton Industrial Park to three separate tenants. Stone Paving USA leased 12,735 square feet at 7241 Clinton Drive, with Mike Quint of Jackson Cooksey representing the tenant. Mantua Manufacturing Co. leased 36,560 square feet at 7201 Clinton Drive, and CD Polytech leased 10,820 square feet at 7139 Clinton Drive. Steven O’Connor of Southwest Realty Advisors represented CD Polytech and Mantua Manufacturing. Walter Menuet of Colliers International represented the landlord in all three transactions. The park is now 100 percent leased.
AUSTIN, TEXAS — TrendKite has leased 6,507 square feet at 800 Brazos St., an office tower in Austin. Jason Steinberg and Matt Levin with Equitable Commercial Realty (ECR) represented the landlord, and Cortland Lowe with HPI represented the tenant.
HOUSTON — Jeffrey Roberts has joined the HFF firm as a chief information officer (CIO) in its Houston office and will be a member of the firm’s leadership team. In this role, Roberts will lead HFF’s information technology (IT) department and strategic technology vision for the firm and manage all aspects of the company’s IT strategy and operations. Roberts has more than 20 years of technology experience running global IT operations for leading corporations. Prior to joining HFF, he was the CIO at Carriage Services (NYSE: CSV), the world’s third-largest holding company of funeral homes and cemeteries. Before joining CSV, he worked as the CIO at Situs, a global commercial real estate advisors/servicer; Saxon Mortgage, a division of Morgan Stanley; and Litton Loan Servicing, a Goldman Sachs company. Roberts holds an executive leadership certificate from Rice University and is a graduate of the University of Tulsa.
MURPHY, TEXAS — United Development Co. of Southlake, Texas has closed on a 1.6-acre parcel in Murphy with plans to co-develop a 11,500-square-foot retail center. The property will feature a 4,000-square-foot Sherwin Williams at 420 W. FM 544 near the Brand Road intersection. The center will be complete summer 2016. The project is being co-developed with Stacy McVey of Double Eagle Properties. Shelley Taylor of The Retail Connection is leasing the project, which will include Jimmy John’s, a dentist’s office, and 4,000 square feet of available space. United Development Co., through its investment platforms, has managed more than $500 million of real estate investments over the last 15 years.
SPRING, VICTORIA and LUBBOCK, TEXAS — Cain Brothers has arranged the sale of three Lutheran Social Services of the South (LSSS) senior living facilities for undisclosed prices. A joint venture of Brookdale and HCP acquired two of the communities: The Village at Gleannloch Farms, a 206-unit continuing care retirement community in Spring, and Copperfield Village, an 86-unit independent living facility in Victoria. Prime Life Communities acquired the final community, Wedgewood South, a 49-unit assisted living facility in Lubbock. As a result of the transactions, LSSS was able to retire all of its outstanding debt and retain net proceeds to fund its mission.
DALLAS — Jim Turano of Henry S. Miller Brokerage’s office division represented Park Tree North in the sale of their 46,000-square-foot office building in Dallas. The building is located at 17311 Dallas Parkway, just south of Trinity Mills Road. MYCON General Contractors purchased the building with plans to remodel and use it for their new headquarters. Nora Hogan of Transwestern represented the buyer in the transaction.
AUSTIN, TEXAS — Lone Star Transmission has purchased Building 2 within the New Mesa Oaks Professional Development in southwest Austin. Building 2 consists of 18,500 square feet and is part of a 120,000-square-foot development project. The sale brings the project to 62 percent occupancy, with two new 18,000-square-foot buildings delivering in the coming months available for lease and sale. Jerry Frey with CBRE represented the buyer and Matt Levin and Patrick Ley with Equitable Commercial Realty (ECR) represented the seller.