Central/South Texas
Avison Young Commercial Real Estate is expanding into the San Antonio market with the purchase of project management-services company Remington Group Inc. William Connor, formerly with Remington, will lead the 10-member team.
Austin/San Antonia Areas
Charlie Quisenberry
ANNOUNCEMENTS
Shelli Cusack
William Connor
REDNews
Irvine, Calf.-based Passco Cos. LLC Charlie Quisenberry has joined is expanding to Austin and has hired EDGE Realty Partners as Senior VP in Shelli Cusack as director of asset their Austin office. Charlie was formerly management. Shelli was formerly with a Principal with Steve T. Matthews Greystar Real Estate Partners Company.
DEALS HOTEL Austin, TX: (SALE) Strategic Hotels & Resorts, owner of 18 highend luxury resorts and hotels around the country, is making their first acquisition in Texas with the purchase of the Four Seasons Austin Hotel for $197 million.
INDUSTRIAL Austin, TX: (LEASE) National Energetics leased 30,227 SF in Building 1 of the North Tech Business Center located at 4616 W. Howard Lane. Scott Studzinski of Live Oak-Gottesman represented the landlord, Deutsche Asset & Wealth Management. Mike Wiley of Southwest Strategies Group represented the tenant. Marion,TX: (LEASE) Ace Asphalt of Arizona leased 9,250 SF at 11895 IH-10 West from Phenix Investment Company. Barkley Peschel of Colliers International Sugar Land represented the landlord and Darrell Keller of DH Realty Partners San Antonio represented the tenant. Austin, TX: (SALE) KFG Company, an Encino, CA-based property investment firm purchased Techni Center 6 & 7, Cameron Center and Amorron 6 (Round Rock) which includes 271,060 SF. The sellers were TA Associates of Boston and Clarion Partners of New York.
MULTI-FAMILY Austin, TX: (SALE) Strata Equity Group, in partnership with a private Mexican investor, purchased The Estate on Quarry Lake, a 302- unit project, located at 4600 Seton Center Parkway as part of a 12-property deal including properties in Denver, Atlanta and Houston. HFF represented the seller, Blackstone Real Estate Partners VII. San Antonio, TX: (SALE) The Place at Commerce, a 184unit complex at 4144 E Commerce Street has been sold to a San Antonio-based private investor. The seller was a California-based partnership. Brandon Lo Porto and Scott Weems of San Antonio Commercial Advisors reported the sale.
OFFICE/MEDICAL Dripping Springs, TX: (CONSTRUCTION) Hat Trick Development of Austin is constructing a 37,000 SF medical office building at US 290 & Sawyer Ranch Road. The building will be anchored by Lewis Family Medicine & Urgent Care. San Antonio, TX: (CONSTRUCTION) The Bank of San Antonio is building a three-story, 57,000 SF headquarters building at 1900 N.W. Loop 410. Expected completed is June 2016. Austin, TX: (LEASE) San Francisco-based Drawbridge Realty has leased 32,000 SF at 3100 Alvin Devane to Germany-based Younicos AG. The company will use the space as its US headquarters & product demonstration location.
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Austin, TX: (SALE) Denver-based Dividend Capital Diversified Property Fund Inc purchased the 274,000 SF City View office park located at 1122 S. Capital of Texas Highway for $68.75 million. The seller was Pearlmark Real Estate LLC of Chicago. Austin, TX: (SALE) Espinoza Chiropractic Concepts purchased a 3800 SF office condo at Mesa Oaks, 5920 W. William Cannon Drive. Patrick Ley with ECR represented the seller and Michael Spain with SkylesBayne represented the buyer. San Antonio, TX: (SALE) Irish Flats, LLC purchased 4,934 SF located at 421 Sixth Street from Pamela & Larry Cate. Terri Rubiola with DH Realty Partners represented the seller and Drew Smith with Valcor Commercial represented the buyer.
RETAIL Pharr, TX: (CONSTRUCTION) The City of Pharr has signed an agreement with Houston-based Levcor Inc to develop Pharr Town Center on Jackson Road near US 83. Plans include a 72,000 SF Academy Sports + Outdoors store which will open in 2016. Austin, TX: (LEASE) Foundation Communities leased 7,936 SF at 5900 Airport Blvd. Gail Whitefield of The Whitefield Company represented the tenant and Preston Wolfe and David Schoenemann of Retail Solutions represented the landlord. Austin, TX: (LEASE) Teacher Heaven leased 11,150 SF at Barrington Oaks Plaza, 8650 Spicewood Springs Road. David Edmondson of Nelson Puett Real Estate and Jeff Lewis & Matt Epple of The Weitzman Group represented the landlord, and Eugene Werlin Jr. of WPW Management represented the tenant. Austin, TX: (LEASE) Gotham City Online, a web-based shoe purveyor, leased 10,367 SF at Corridor Park 2, 3815 Jarrett Way. Darryl Dadon of CBRE represented the landlord and Conley Covert of SkylesBayne represented the tenant. Buda, TX: (SALE) A New Orleans private investor purchased an under-construction, 15,300 SF building leased to CVS Pharmacy at FM 967 & FM 1626 for $2,835,052. Matthew Mousavi of Faris Lee Investments represented the seller, First GL Buda LLC. Chad Minor of Solid Investments represented the buyer. San Antonio, TX: (SALE) Frost Bank, Trustee sold 16,350 SF located at 7007 San Pedro and 438 Maplewood to DDLP, LLC. The buyer was represented by Steves Rosser with DH Realty Partners. San Antonio, TX: (SALE) Almanara AT Blanco Pointe, Inc sold a 25,396 SF retail property at 19178 & 19108 Blanco Road to DB Shavano, LLC. The seller was represented by Carrie Caesar, Graham Ketchum & Gene Williams with CBRE and the buyer was represented by Pat Farris with PF Properties.
For more deals go to: www.REDNews.com/category/deals-and-announcements/
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