Monday, October 31, 2011

Real Estate Transactions

RETAIL:

New Quest Properties has sold retail assets in Texas totaling nearly 900,000 square feet to Inland American Real Estate Trust for $172 million and the transaction included the following properties in the Houston area, Bay Colony Town Center in League City, Cy Fair Town Center, Antoine Town Center, Victory Lakes Town Center in League City,in League City and the Eldridge Lakes and the average occupancy for the portfolio is higher than 90 percent.

INDUSTRIAL:

Justin Bielamowicz and Mary Kay Bielamowicz have purchased a 3,000-square-foot building at 8070 Taylor Road and the thomas Leger and Mike Spears of the National Realty Group represented the seller, Nathan Ingrtam to the russell Coots of Re/Max Memorial Realty represented the buyers.

LAND:

Kehl–Huntsville has sold 4 acres on Veterans Memorial Parkway for development of a Tractor Supply store to the william McDade, Peter Mainguy and Kristen McDade of CBRE represented the seller. CBRE will market the remaining 23 acres on behalf of Kehl with tracts fronting Interstate45, Veterans Memorial and Parkwood Street.

INDUSTRIAL:

Back Bay Holdings has purchased a 4,000-square-foot office and warehouse on 2.8 acres at 11344 Interstate 10 East in Baytown J. Wade Sinclair with Claire Sinclair Properties brokered to the for a transaction.

LAND:

The Cantex Continuing Care Network has purchased 5.3 acres on Creekside Forest Drive, near Gosling Road in The Woodlands Village of Creekside Park for a 112-bed 66,000-square-foot skilled nursing and rehabilitation facility and construction is planned to begin in the 3rd quarter of 2012 and the opening planned for the 3rd quarter of 2013 for the ashley Yoder of Colliers International represented Cantex.

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