NAI Closes 102k SF; The Deal Sheet
NAI Houstons John Ferruzzo and Michael Keeganjust closed three deals totaling 102k SF, showing that industrial transactions in the 30k to 50k SF range are active. They celebrated by skydiving in suits, if the photo below is to be believed.
The deals: The Brandt Cos leased a 33k SF office/warehouse at 13810 Hollister, Seatex leased 38k SF at 1406 Southgate Dr, and Axon Pressure Products purchased a 30k SF spec warehouse building at 12616 North Houston Rosslyn. John (left, with colleague Chris Kugle) and Michael repped the tenant in the leases and the seller in the final deal. John says he's busier now than in the peak of '07, and Michael had even more exciting news: He was just named NAIOPs 2012 industrial rising star.
EXECUTIVE MOVES
Robert Bedrich joined Cadence McShane as VP and division manager. He succeeds Chuck White, who recently retired. He has been in the industry 24 years, most recently as project exec at Skanska.
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PropertyInfo Corp (a Stewart company) promoted Beth Young to VP. She will be responsible for overall operations and leadership for the firms realty segment. She has 22 years of industry experience and has been with Stewart since 08.
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Ronald Brunner joined JE Dunn as quality manager for the South Central region. He has been in the construction industry for 25 years and just moved to Houston from Little Rock, Arkansas.
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Theresa Quartaro Smith joined Investment Property Exchange Services (IPX1031) as the Houston account exec.
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NAI Houstons Clay Pritchett and Chris Kugle were promoted to VPs. Both are members of the firms industrial division. AndAdrian Ramirez joined the firm as associate.
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Tyler Garrett joined Skanska as leasing manager. He will be responsible for leasing/marketing all Skanskas Houston developments, including 811 Rusk, 15375 Memorial, and 3009 Post Oak. He was previously director of leasing at Hines.
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Robert Wheless joined BanDier as SVP of development. He will handle underwriting, entitling, and development of office and industrial properties near The Woodlands and Exxons campus. He has been in the industry 30 years.
SALES
CapRock Oil Tools purchased a 14k SF facility at 3446 S Main in Pearland. The move is a big expansion from the 4,000 SF space its occupied since 04.
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An undisclosed buyer purchased a 12k SF building at 5311 Avenue N in Rosenberg. The Finial Groups Taylor Schmidt and Keith Bilski repped the seller, Occusoft.
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Medhanealem Ethiopian Orthodox Church purchased four acres at 11615 Canemont. Coldwell Bankers Daniel Bekele repped the buyer, and Caldwell Cos Keith Grothaus repped the sellers, William and Patricia Houd.
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Riverside Development purchased one acre next to Dollar General at Clearwood and Edgebrook to build an O'Reilly Autoparts. Wulfe & Cos Kristen Barker repped the buyer.
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1702 Cullen LLC (on behalf of Showcase Custom Vinyl Windows and Doors) purchased a 63k SF office/warehouse building at 1702 Cullen Blvd. Evans Properties Joe Evans and Janae Evans repped the buyer, and CBREs Steve King repped the seller, AEG Investors Group.
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An undisclosed buyer purchased Huntington Village Shopping Center, a 112k SF retail property at 12605 Bissonnet. Marcus & Millichaps Jerry Goldsten repped the seller, Brixmor Properties. The asset was listed at $6.7M.
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11510 S. Petropark, LLC purchased a 12k SF building at (where else?) 11510 S Petropark.NAI Houstons John Ferruzzo and Nick Peterson repped the seller, Avinash Ayachit.
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Dover Energy purchased 14 acres in the Lower Kirby Urban District in Pearland and plans a 150k SF consolidated manufacturing and operations center on the property. JLLs Jarret Venghaus and Bob Berry repped the buyer, and Betz Ron Dagley repped the seller, SHT/Kirby LTD.
LEASING
Camden Property Trust leased 87k SF at 11 Greenway Plaza for its HQ, an expansion and relocation from 3 Greenway Plaza. Crescents Bob Boykin, Warren Savery, and Bubba Harkins repped landlord Crescent Crown Greenway Plaza SPV. Streams Anthony Squillante, Chris Johnson, Jeremy Hunt, and Mike Anzilotti repped the tenant.
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HomeGoods opened a 29k SF store in the Silverlake Shopping Center at SH 288 and FM 518 in Pearland. EDGE Realtys Culver Stedman repped the tenant, and Fidelis Lynn Davis repped the landlord.
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Parker School Uniforms leased 67k SF at 6300 West by Northwest.The Finial Groups Keith Bilski repped the tenant, and Carson Cos Dan Zoch repped the landlord.
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Bass Computers renewed and expanded to 56k SF (up from 16k SF) at 10558 Bissonnet. Streams Graham Horton and David Buescher repped the tenant, and InSites Rives Nolen repped landlord EastGroup Properties.
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UR Center Furniture leased 22k SF at 16445 North Freeway. Hunington Properties Jason Gaines repped landlord Theme Family Ltd.
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Memco leased 11k SF at 4280 Lockfield. Moody Rambins Jeff Barbles repped landlord IVEST LP,and his colleague Jim Autenreith repped the tenant.
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Fidelity Investments leased 16k SF at High Street (4410 Westheimer). SRS Real Estate Partners Chris Pitts repped the landlord, Coventry II DIN CAL High Street. Colliers Marshall Clinkscales and Ted Chryssicas repped the tenant.
THIS AND THAT
CDS Market Research merged with Spillette Consulting. Steve Spillette will be president and CEO, Brenda Persons was promoted to VP, and founder Kent Dussair continues with the firm as managing director.
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Panattoni Construction is opening a Houston office, which will be run by Radie Stroud.
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