HOUSTON-Newmark Grubb Knight Frank Global Corporate Services has hired James McLaughlin to be senior managing director of program management, responsible for the U.S. southwestern region. McLaughlin, whose 30-year history includes managing ground-up developments, was most recently a managing director with CBRE and also was vice president of project and development management for Trammell Crow Co. before it was acquired by CBRE.
“This is a big hire for us in Houston,” says Jim Adams, executive vice president and managing director for NGKF's Houston office in a statement. “The Texas markets are very dynamic right now and Jim brings significant experience working across all property and deal types to our global services team.”
McLaughlin notes that the booming oil and energy business in Houston has fueled a super-hot real estate market. “There is more client-driven development going on here than anywhere else in the country,” he says. “Available space is very tight. I have a great deal of experience helping clients make things happen despite the challenges that may exist.”
"Jim is a shrewd advocate for our clients, the best project manager in the business," adds NGKF senior managing director Brandi McDonald, who has worked with McLaughlin in the past. “We will mobilize his expertise across our global corporate services platform.”
McLaughlin is a graduate of the University of North Texas's music program. He has played in the house orchestra at Caesar's Palace and other Las Vegas casinos, backing up stars like Sammy Davis Jr., Cher, Engelbert Humperdinck, Bill Cosby and Liberace. He remains a union musician and recently performed in the orchestra with singer Johnny Mathis in concert at the Galveston Opera House.
ACQUISITIONS/DISPOSITIONS
ARIZONA
Phoenix
- Local Kings Apartments LLC acquired the 24-unit Kings Apartments at 1717 W. Missouri Ave. Brian Smuckler and Jeff Seaman of CBRE represented the buyer and the seller, Jason and Faranak Abbey of Novato, CA., in negotiating the $530,000 transaction.
- Yeager Provisor Properties LLC of Redondo Beach, CA acquired a 7,783-square-foot single-tenant restaurant building at 12637 S. 48th St. occupied by Macayo's Mexican Kitchen. Joseph Compagno of CBRE represented the buyer and the seller, Waynio Building Corporation of Glendale, AZ in negotiating the $1.97 million sale. Macayo's Mexican Kitchen restaurant will remain a tenant in the building on a long-term lease.
Tucson
- Jamie Medress and Mark Ruble with Marcus & Millichap Real Estate Investment Services negotiated the sale of the 54,480-square-foot Goodwill-O'Reilly Auto Parts Plaza fpr $5.9 million between limited liability companies. The plaza is at t Irvington Road and Campbell Avenue and is 100% leased.
TEXAS
Burleson
- Juneau Partners II Ltd. purchased 348,654 square feet of land at 2140 SW Wilshire. Bill Behr with Transwestern represented the seller.
Fort Worth
- Shay-Mae II, LLC purchased 16,104 square feet of industrial space at 2724 & 2736 Prestige Rd. Jerry Alexander and Sarah Everett with Transwestern represented the buyer.
Irving
- GKP Investments acquired 1.69 acres at 3229 Premier Dr. from Realty Capital Management. Plans are to construct a 15,000 to 20,000-square-foot office building on the site. Mark Boone represented the seller in-house. Brandon Scott with Scottco Realty Group represented the buyer.
LEASING
TEXAS
Arlington
- Hendon Dental Supplies Inc. leased 6,000 square feet of industrial incubator space at 722-724 N. Great Southwest Pkwy. from ESCO Enterprises Inc. Joe Santaularia and will Dillard with Bradford Commercial Real Estate Services represented the tenant. Jim Hazard of Transwestern Dallas represented the landlord.
- THP Group Inc. leased 4,504 square feet of industrial space at 320 Westway. Frank Jester with Transwestern represented the tenant.
Austin
- Analysis & Design Application Co. Ltd. - dba CD Adapco renewed and expanded to 10,492 square feet at 10800 Pecan Park Blvd. Jerry Frey with CBRE represented the tenant Robert Paine with T. Stacy & Associates represented the landlord, TSVF I Pecan Park LP.
Cedar Park
- CareSpot of Austin LLC leased 3,500 square feet at Cedar Park Town Center, FM 1431 and Discovery Boulevard. John Heffington with CBRE represented the tenant. Neal Kieschnik with United Commercial Realty represented the landlord.
Dallas
- MHI Partnership leased 6,162 square feet at 16980 Dallas Pkwy. Nate Curtis with Jackson & Cooksey represented the tenant. Michael Carmichael with Colliers International represented the landlord, Cardiovascular Provider Resources.
- R&R Tax renewed a 1,035-square-foot lease at 2201 N. Main. Monika Guzman-Perez with SCM Real Estate Services represented the landlord in this transaction.
- Residential Strategies Inc. leased 4,907 square feet at 16980 Dallas Parkway. Alan Wood with Jones Lang LaSalle represented the tenant. Michael Carmichael with Colliers International represented landlord Cardiovascular Provider Resources.
Frisco
- Trattoria Al Giardio LLC leased 4,298 square feet of retail space in Stonebriar Commons on Legacy, Building 3, 1279 Legacy Dr. from Legacy Commons Office I LP. Leigh Richter with Bradford Commercial Real Estate Services, represented the landlord. Matt Esfandiari of Centerview Management represented the tenant.
Grand Prairie
- Pallet Depot Inc. leased 26,138 square feet at 2503 & 2505 Dalworth. Phil Rosenfeld and Matt Thompson with Colliers International represented the landlord, Tarrant County Properties.
Houston
- James M. Stephen PC renewed 1,162 square feet at the Champion Forest building, 13231 Champion Forest Dr. Terri Torregrossa of Moody Rambin represented the building owner Morada Properties Ltd., By MAM Capital Corporation.
- Osaka Gas, a Japanese energy provider, leased 10,850 square feet at BBVA Compass Plaza, 2200 Post Oak Blvd. Stream Realty Partners provided landlord representation as the primary leasing agent for the landlord. John Schlacter, president of TX Wide Realty represented Osaka Gas
- Rock Wool Manufacturing renewed 40,000 square feet at the 9990 1-10 building, located at 9990 Interstate 10. Jim Autenreith of Moody Rambin represented the building owner IVEST LP. David Buescher with Stream Realty represented the tenant in negotiations.
Lake Dallas
- Core Iron Equipment leased 4,500 square feet of office space at 2000 S Stemmons, Lake Dallas. Frank Jester with Transwestern represented the landlord.
Plano
- Thomas Brennan Architects leased 4,063 square feetof office space at 5204 Tennyson Pkwy. Justin Miller and Kim Brooks with Transwestern represented the landlord.
San Antonio
- MSE Express America Inc. renewed 10,658 square feet at 4940 Eisenhauer Rd. from Na2 Texas LLC. Josh Aguilar with CBRE represented the tenant.
Silsbee
- AccentCare leased 6,500 square feet of office space at 1105 N. 5th St. Evonne Keene with Transwestern represented the tenant.
LEASING ASSIGNMENTS
TEXAS
Plano
- Intercity Investments of Dallas selected Melanie Hughes and Sharon Friedberg with Bradford Commercial Real Estate Services, to lease the 74,738-square-foot Preston Pointe Centre at 1400 Preston Rd.
EXECUTIVE MOVES
TEXAS
Dallas
- JJ Leonard has joined Cushman & Wakefield of Texas, Inc. as a senior director - leasing in the firm's investor services group. His responsibilities will include leasing The Colonnade, a 1 million-square- foot, class A office property in Addison, TX. Leonard, a 12-year veteran of the commercial real estate industry, is a US Naval Academy graduate and served for five years as an intelligence officer in the Marine Corps.
- Colliers International North Texas has hired Lizzy Blake for its capital markets sales group and Bill Buntyn as part of the office' industrial team. Blake most recently served as associate director at Cushman & Wakefield and vice president at both Grubb & Ellis and Beal Bank. She received a Bachelor of Business Administration from Southern Methodist University, with a major in accounting and a minor in organizational behavior and business policy. Buntyn comes to Colliers from CASE Commercial Real Estate Partners. He's also been an industrial service representative with Newmark Grubb Knight Frank. He received a Bachelor of Business from Mississippi State University.
Houston
- Parker Duffie has joined CBRE's leasing team with a primary focus on the representation of office building landlords and property owners in commercial real estate transactions. Prior to joining CBRE, Parker served as a member of Texas Attorney General Greg Abbott's Office in Austin, TX. He received his Bachelor of Arts in Mass Communications from Texas State University.
- Sherra Gilbert recently joined Colvill Office Properties as director of market research and client development. She is responsible Colvill's research division which covers the Houston office market and for new client development services. Gilbert was previously a senior analyst with Hines, and has 17 years of experience in commercial real estate.
- Jeff Greensage has been promoted to associate director in the CBRE's asset services division.
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