HOUSTON — NAI Partners has negotiated an 18,463-square-foot office lease at 515 Post Oak Blvd. in Houston. Dan Boyles and Liz Westcott-Brown of NAI Partners represented the tenant, Greater Houston Community Foundation, a networking firm for philanthropists, in the lease negotiations. Richard Barbles of Stream Realty represented the landlord, 515 Post Oak Owner LP.
PFLUGERVILLE, TEXAS — Retail Solutions has brokered the sale of Creekside at Dessau, a 13,750-square-foot strip retail center located at 16051 Dessau Road in the Austin metro of Pflugerville. Built in 2009, the center is leased to tenants such as Baylor Scott & White, Tree House Kids and Moi Vietnamese Grill. Alan Rust of Retail Solutions represented the seller in the transaction and Steve Tong of Home Direct Realty represented the buyer. Both requested anonymity.
AUSTIN, TEXAS — AQUILA Commercial has broken ground on East6, a 115,000-square-foot office project for marketing firm Main Street Hub in Austin. Designed by The Beck Group, the four-story property will be located at 2010 E. 6th St. and will serve as Main Street’s new headquarters. Delivery of the property is slated for spring 2019. The tenant plans to consolidate 550 employees from its existing offices into the building.
EDINBURG, TEXAS — Bellomy & Co. has arranged the sale of Superior Storage, a 524-unit self-storage facility located in the Rio Grande Valley (RGV) metro of Edinburg. The facility offers a mix of climate- and non climate-controlled units across 70,640 net rentable square feet. Bill Bellomy, Michael Johnson and John Arnold of Bellomy & Co. represented the Texas-based seller and procured the California-based buyer. Both parties requested anonymity.
LUBBOCK, TEXAS — Nebraska-based investment firm Metonic Real Estate Solutions has acquired Wyndham Apartments, a 144-unit multifamily community in Lubbock. The property offers one-, two- and three-bedroom units and amenities such as a pool, fitness center, business center, a pet park and dry cleaning services. The company plans to upgrade the pool and clubhouse area as well as the unit interiors. The seller was not disclosed.
HOUSTON — The NAI Investment Fund has sold a 75,166-square-foot, Class B office building located at 12600 N. Featherwood Drive in southeast Houston. The property was the first asset purchased by NAI Investment Fund I, which was launched in 2015. Andrew Pappas and Adam Hawkins of NAI worked with Marty Hogan of HFF to close the sale, the buyer in which was not disclosed. NAI plans to fully deploy another fund this year with more than $80 million in capital.
KINGWOOD, TEXAS — Marcus & Millichap has brokered the sale of Kingwood Medical Plaza, a 12,000-square-foot medical office complex in Kingwood, about 30 miles northeast of Houston. Nate Newman and Doug O’Toole of Marcus & Millichap represented the seller, an individual/personal trust, in the transaction. Other terms of sale were not released.
SAN ANTONIO — The San Antonio City Council has approved the sale of 10 acres on San Antonio’s east side for the development of Echo East, a $65 million mixed-use project. The council also awarded a $450,000 grant for the project, which will be developed by Michigan-based Foremost Development Co. According to San Antonio Express-News, the project will include roughly 500 residential units and 25,000 square feet of retail space. A timetable for construction has not yet been established.
PLANO, TEXAS — Dallas-based Billingsley Co. will develop a 967,000-square-foot office campus within International Business Park, a 300-acre mixed-used development that spans the cities of Carrollton and Plano. The campus at 6161 Plano Parkway will include five buildings ranging in size between 180,000 and 211,000 square feet. Phase I will deliver a four-story speculative building and an amenity center with a 4,300-square-foot fitness center, 108-seat conference room and a tenant lounge with a coffee bar. Construction is slated to begin in May and wrap by August 2019.
RICHMOND, TEXAS — Berkadia has arranged the sale of Grand Mason at Waterside Estates, a 229-unit multifamily community in Richmond, a southwestern suburb of Houston. Built in 2015, the property features a mix of one-, two- and three-bedroom units and amenities such as a pool, fitness center, pet park and media room. Ryan Epstein, Jennifer Ray and Scott Bray of Berkadia represented the seller, Grand Mason Partners Ltd. A Fort Worth-based firm purchased the asset for an undisclosed price.
