MAGNOLIA, TEXAS — SVN | J. Beard Real Estate — Greater Houston has arranged the sale of Renaissance Center, a 92,724-square-foot shopping center located in Magnolia, roughly 44 miles northwest of Houston. Tenants at the property, which is anchored by Brookshire Brothers and was 95 percent leased at the time of sale, include Woodforest National Bank, Petsense and Anytime Fitness. An undisclosed buyer purchased the center from a private seller. Matt Knagg and Brittany Jameson of SVN | J. Beard Real Estate represented the seller and buyer, respectively, in the transaction.
SHAWNEE, OKLA. — Marcus & Millichap has brokered the sale of Belfair of Shawnee, a 60-bed seniors housing property located on the eastern outskirts of Oklahoma City. The 31,000-square-foot property was built in 2013 and offers memory care services. Rod Llanos of Marcus & Millichap represented the seller and procured the buyer, both of which were limited liability companies that requested anonymity, in the transaction. Steve Greer of Marcus & Millichap assisted in closing the deal as the broker of record .
SAN ANTONIO — Partners Capital, the investment arm of Houston-based Partners Real Estate, has sold Blanco Crossing, a 22,606-square-foot shopping center in San Antonio. The center was built in 2002 and houses tenants such as Sake Cafe Sushi Bar & Grill, Kennedy’s Bar, Blanco Crossing Veterinary and The Mailing Spot. Philip Levy and Jack Newman of Marcus & Millichap represented Partners Capital, which originally acquired the asset in 2022, in the transasction. The buyer was an undisclosed, locally based private investor.
CONROE, TEXAS — Four retailers have signed leases totaling 14,880 square feet at The Grove at Harper’s Preserve, a 21,500-square-foot center in Conroe, approximately 40 miles north of Houston. Mayweather Boxing + Fitness, Thrive Massage, Pet Supplies Plus and Heartland Dental will be the newest tenants to join the property, which was developed by Gulf Coast Commercial Group. Other tenants include Dutch Bros. Coffee, AT&T, Freebirds World Burrito, Jersey Mike’s Subs and Cookie Co. Scheduled to open this summer, Mayweather and Thrive will occupy 2,300 and 2,380 square feet, respectively. Ryan Chandler of The Retail Connection represented Mayweather in the lease negotiations. Pet Supplies Plus, which was represented by Lunden McGill of Baker Katz, will occupy 6,000 square feet at the center. Heartland Dental will develop a 4,200-square-foot freestanding building at the property’s second pad site. Shireen Owlia of NewQuest Properties represented Heartland. Anderson Smith and Brett Levinson of Main Street Commercial Partners represented the landlord in all the lease negotiations.
By Matthew Mimnaugh, account management manager, Pavlov Media Account management, or the work to ensure repeat business and expand each client relationship, requires more than simply satisfying customers. For Internet service providers (ISPs) to the multifamily industry this means helping property managers succeed by maximizing their residents’ connectivity. Excellent Internet service leads to positive property reviews and renewed leases. Property ownership and management win. Providers that serve landlords best not only respond to service requests, but also employ a deductive approach to diagnose root problems, discover unreported deficiencies and take preemptive actions that allow smooth property operations. Below is an overview of best practices for account management and a discussion of Pavlov Media’s data analysis and behavioral pattern recognition tools we’ve developed to uncover trends and issues that can threaten connectivity and, ultimately, property performance. First Responders Giving housing managers and their residents access to a technology support team is a standard practice for many ISPs. Typically, a request generates a service ticket, and a team member responds to gather basic information before walking the customer through a scripted trouble-shooting tree to either solve the problem or elevate the ticket for more advanced assistance. This approach can be highly effective …
DALLAS — JLL has negotiated the sale of Greenville Self Storage, a 741-unit facility located in the northern-central part of Dallas. CubeSmart operates the four-story, climate-controlled facility, which was built in 2019 and spans roughly 83,000 net rentable square feet. Brian Somoza, Steve Mellon, Matthew Wheeler and Adam Roossien of JLL represented the seller, Wentworth Property Co., in the transaction. Utah-based REIT Extra Space Storage purchased the facility for an undisclosed price. Greenville Self Storage was more than 90 percent occupied at the time of sale.
FRISCO, TEXAS — HALL Group is underway on construction of a 224-room hotel at HALL Park, the locally based firm’s flagship campus in Frisco that is currently in the midst of a $7 billion redevelopment. The hotel, which will be operated under Marriott’s Autograph Collection family of brands, will feature an outdoor pool, fitness center, restaurant and lounge, 4,000-square-foot ballroom and a patio overlooking Kaleidoscope Park. Construction is expected to be substantially complete by the end of the year.
AUSTIN, TEXAS — Jefferson Bank, a family-owned lender that was founded in San Antonio, has opened a 5,000-square-foot branch at Norwood Tower in downtown Austin. The branch officially opened on March 15, and the bank expects to employ more than 20 people at the site by the end of the year. Case McCoy of HPI Real Estate Investments & Services represented Jefferson Bank in the lease negotiations. Patrick Ley of Equitable Commercial Realty (ECR) represented the undisclosed landlord.
CARROLLTON, TEXAS — Locally based brokerage firm Bradford Commercial Real Estate Services has negotiated a 4,491-square-foot industrial flex lease at Avion Business Center in the northern Dallas suburb of Carrollton. According to LoopNet Inc., the building at 2155 Chenault Drive was constructed in 1984 and totals 24,944 square feet. Jason Finch of Bradford Commercial represented the undisclosed landlord in the lease negotiations. The representative of the tenant, FireTron Inc., a provider of fire extinguishers, was also not disclosed.
HOUSTON — The Little Gym, a fitness concept for children, has signed a 3,421-square-foot retail lease at Cypress Village Station in northwest Houston. The 10-year lease brings the 101,272-square-foot center to an occupancy rate of 85 percent. Kevin Sims internally represented the landlord, locally based developer NewQuest Properties, in the lease negotiations. Matt Reed of Shop Cos. represented the tenant. The Little Gym now operates eight facilities in the Houston area.