PHONEIX- Tiffany & Bosco LLC, a local law firm, has signed a lease to occupy nearly two full floors at Camelback Esplanade II. The firm struck a deal with Esplanade owner Metropolitan Life Insurance Co. for the 41,770-square-foot, 10-year deal.
Camelback Esplanade II is at 2525 E. Camelback Rd., and serves as the law firm's headquarters. According to Dan Rodie with Cushman & Wakefield of Arizona Inc., Tiffany & Bosco is expanding its space by approximately 30%. Rodie, Sam Murik and Blaine Black of Cushman & Wakefield represented Tiffany & Bosco in the lease negotiations. Cushman & Wakefield's Jerry Jacobs, Larry Downey, Michael Crystal and Reid Tussing serve as exclusive leasing agents for the property and represented MetLife separately in the transaction. The law firm will begin expanding in early 2014. Tiffany & Bosco, which has been in operation since 1967, operates from four different offices in Arizona, California and Nevada.
ACQUISITIONS/DISPOSITIONS
TEXAS
Conroe
- The 10,000-square-foot Sunrise Plaza at 18446 SH 105 changed hands. Richard A. Mireles and Mike Buckner with Marcus & Millichap Real Estate Investment Services represented the private investor seller and secured the buyer, a partnership.
Desoto
- ALDI Food Market acquired 2.9 acres at the southwest corner of Hampton and Pleasant Run Roads from Hampton-Run LLC, and will be used for the construction of a new store. W. Thurston Witt with UCR Dallas represented the seller and Stan Lotridge of UCR Dallas represented ALDI.
Houston
- Tollway Interest LC sold two single-tenant office/flex buildings totaling approximately 48,021 square feet. David L. Carter and Jay Kyle of Colliers International represented the seller in the transaction of the buildings at 6217-6221 W. Sam Houston Pkwy. N.
Mesquite
- Proterra Properties Inc. acquired a 31,650-square-foot industrial building on 5.7 acres at 2615 Big Town Blvd. Dave Anderson with CBRE represented Proterra Properties and the seller. Cummins Southern Plains LLC currently occupies the property, but will relocated to a new space in 2014.
San Antonio
- Houston Street Townhomes Lllp acquired 266,160 square feet at 4611 East Houston St. Michael Wardlaw, Charles Cirar and Ryan Epstein with CBRE brokered the transaction.
Wylie
- LMB Partnership LLC sold two acres at Farm-to-Market 544 and Westgate Way to Cross Development Wylie LLC. The buyer will use the land to develop a Caliber Collision Auto Body repair shop. Tom Grunnah and Kyle Ward with Henry S. Miller Brokerage represented the seller.
Daniel Taylor of CBRE represented the buyer.
LEASING
TEXAS
Austin
- The Austin City Ballet has leased 2,250 square feet at Springwoods Plaza, 13201 Pond Springs Rd. Andrew Perkel of Retail Solutions represented the tenant, and Lance Morris of the Retail Connection represented the landlord.
- BBVA Compass leased 3,160 square feet at 3520 Executive Center Dr. from 2011 Austin Oaks Ltd. Jayme Knight with CBRE represented the landlord.
- Hill Country European Automotive Repair leased 5,500 square feet at Biz Park 290, 11190 Circle Dr. Andrew Perkel of Retail Solutions represented the landlord, and Boyd Harris of ECR represented the tenant.
- LA Fitness leased a 1,320-square-foot administrative office at Brushy Creek Commons, 15912 Rural Road 620. David Schoenemann and Brian Harris of Retail Solutions represented the landlord.
- Lennar Homes Of TX Land & Construction and its subsidiary, Universal American Mortgage Co. are relocating and expanding to 16,583 square feet at 12401 Research Blvd. Jerry Frey and Frank Hartmann with CBRE represented the tenant, while Richard Paddock and Adri Baker with HPI represented the landlord, RPP Austin LP C/O Spear Street Capital.
- Lightspeed Systems Corp. expanded to 3,651 square feet at 106 East 6th St. Jeff Leggio with ASU & Associates represented the tenant. Troy Holme, Katie Ekstrom and Jayme Knight with CBRE represented the landlord, DWF III Littlefield LP.
- Texas School Photography LLC leased 4,407 square feet at 6500 River Place Blvd 205 from Metropolitan Life Insurance Co. Troy Holme and Casey Ford with CBRE represented the landlord.
- Tint World has leased 3,200 square feet at 8605 Burnet Rd. Cole Brodhead and Brian Harris of Retail Solutions represented the tenant, and John Heffington of CBRE represented the landlord.
Brownsville
- Dewalt Power Tools leased a 1,500-square-foot service center at Boca Chica Plaza, 3500 Boca Chica Blvd. Ricardo Rubiano of Retail Solutions represented the landlord. Rubiano also represented Boca Chica Plaza's landlord in a 500-square-foot lease to FAMSA Financial.
Dallas
- QRx Medical Management LLC leased 20,929 square feet of office space at 12221 Merit Dr. Matt Hurlbut and Jeff Anderson with Transwestern represented the landlord.
Edinburg
- Trihn's Floreria leased 2,100 square feet at University Plaza, 403 E. University Dr. Joaquin Orozco of Retail Solutions represented the landlord, and Christian Gutierrez of Southern Commercial represented the tenant.
- T-Mobile leased a 500-square-foot kiosk at University Plaza, 522 E. University Dr. Ricardo Rubiano of Retail Solutions represented the landlord.
El Paso
- Salter Labs leased 45,315 square feet at 30 Spur Dr. Bill Caparis with CBRE represented the landlord, Eastgroup Properties LP. NAI El Paso represented the tenant.
- Sinclair Television Group Inc. leased 12,000 square feet at 6004 N. Mesa St. from Mormar LP. Chad McCleskey with CBRE represented the tenant. MIMCO Inc. represented the landlord.
Houston
- Fossil Oil leased 3,567 square feet at the 2500 Wilcrest building, 2500 Wilcrest Dr. Kurt Kistler and Griffin Jaggard of Moody Rambin represented the building owner. Greg Marconi with the Finial Group represented the tenant in negotiations.
Hickory Creek
- Wok To You Restaurant leased 1,400 square feet at Hickory Creek Retail, 1030 Hickory Creek Blvd. Joe Chung and Chris Flesner of Retail Solutions represented the landlord.
Killeen
- Metro PCS leased 1,000 square feet at 711 W. Hallmark. TJ Powell of Retail Solutions represented the tenant, and Roger Segal of David Barr Properties represented the landlord.
McAllen
- Texas Sign Company leased 1,321 square feet at Windsor Auto Park, 800 Ash St. Ricardo Rubiano of Retail Solutions represented the landlord.
Mansfield
- Grossman Interior Productions leased 7,200 SF of industrial space at 601 S 4th St. Frank Jester with Transwestern represented the landlord.
Mission
- Compra Fazil leased 1,400 square feet at 1608 N. Conway. Joaquin Orozco of Retail Solutions represented the landlord.
- Fruta Fresca renewed its 839 square-foot space at The Shoppes at the Grove, 4001 S. Shary. Joaquin Orozco of Retail Solutions represented the landlord.
Round Rock
- Pro Nail and Spa leased 1,600 square feet at High Country Plaza, 3701 Gattis School Rd. Herman Tjahja of Retail Solutions represented the tenant, and Tucker Francis and Alan Rust, also of Retail Solutions, represented the landlord.
San Antonio
- George's Keep, a restaurant and bar, leased 3,027 square feet at the mixed-use Eilan at 17101 La Cantera Pkwy. Gene Williams with CBRE represented the landlord in the transaction.
- Harvest Moon Restaurant leased 3,700 square feet at Colonial Plaza, 2504 Nacogdoches Rd. Kay Lewis of Retail Solutions represented the landlord, and Betty Schuetze represented the tenant.
- A Halloween store leased 6,473 square feet at Ingram Square, 6531 NW Loop 410. Tim McBrearty of Retail Solutions represented the landlord.
- Quartermaster Uniform Store leased 2,240 square feet at North Star Square, 8507 McCullough Ave. Kay Lewis of Retail Solutions represented the landlord.
CAPITAL MARKETS
TEXAS
Austin
- Patrick Short of BMC Capital's Austin office has arranged for a $5 million loan for a 178-unit multifamily property at 1501 Reagan Hill Dr. The loan featured a 10-year fixed rate at 5.14% and a 30-year amortization. The loan was arranged through one of BMC Capital's Fannie Mae relationships
EXECUTIVE MOVES
ARIZONA
Scottsdale
- The Walton Group of Cos. headquartered in Canada, Ed Hadley as president of the Southwest Region for Walton Development and Management, Inc. Hadley's responsibilities include overseeing entitlement and development activities in Arizona and California for new and existing residential, commercial and industrial projects. He also collaborates with regional agencies, government representatives, landowners and other stakeholders, and manages the land-acquisition and disposition process. Hadley, a Tucson native, joins Walton from William Lyons Homes, where he was vice president of land acquisition for the Arizona Division. Hadley received a bachelor's degree in management from Northern Arizona University and attended the University of Arizona. He is a member of the Urban Land Institute, The ASU Real Estate Council, Desert Valleys Builder Association, and a board member of Pinal Partnership and TREO. He is also a licensed broker in the State of Arizona.
TEXAS
Fort Worth
- Trademark Property hired Daniel Goldware as vice president of leasing. Goldware will initially be working on Waterside, Trademark's new 63-acre master planned mixed-use development being built in Fort Worth, as well as Victory Park in downtown Dallas. He joins Trademark from Weingarten Realty Investors where he served as a leasing executive in both Dallas and Houston for the past seven years. Goldware is a graduate of the Daniels College of Business at the University of Denver where he received a Bachelor of Science degree in Business Administration.
Houston
- Colliers International is pleased to announce the addition of Barrett Gibson as principal and Jason English as senior associate to the company's industrial division. The duo specializes in industrial tenant and buyer representation, property disposition, design/construct and build-to-suit evaluations, and investment transactions. Prior to joining Colliers, Gibson became managing principal at Cresa Houston in late 2011 when his firm, Houston-based Gibson & Granello Realty Partners LLC, merged with the local Cresa office. Mr. Gibson attended Texas Tech University in Lubbock, where he earned a Bachelor of Science Degree in Finance. English was most recently senior advisor at Cresa Houston, where he specialized in industrial tenant representation. The native Houstonian graduated from Texas A&M University with a Bachelor of Science degree in Industrial Distribution.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.