Weitzman, a leading commercial real estate services firm in Texas, has promoted Nick Naumann to Director of Brokerage for their Austin office. In this role, Naumann will oversee the brokerage team and work towards expanding the company’s presence and client base in Austin. The team is responsible for leasing over 10 million square feet of retail properties.
Northmarq has announced that Ryan Shoars will be joining their Debt and Equity platform as Senior Vice President with a focus on affordable housing originations. With over 23 years of experience as an agency lending expert, Shoars brings valuable expertise to Northmarq after serving as Vice President at Colliers Mortgage for 13 years.
Fifth Quarter Investments LLC recently sold a large industrial trucking facility located at 4599 US-77/I-69 to KD Robstown LLC for $8.9 million. The property spans across 51 acres and includes six buildings. Cravey Real Estate Services facilitated the sale.
A new industrial project near US-80 is set to open early in2025 after securing funding from JLL Capital Markets through a joint venture equity partnership.The project will house Canadian Solar on its completion date at2800 Skyline Dr., offering Class-A industrial space totaling756,668 square feet.
Panattoni Development Company has begun construction on Pellicano Industrial Park in El Paso,Texas.This park spans across108 acresand consists offivebuild-to-suit buildings totaling more than1 .8million square feet.Class-Aindustrial space ranging from223 ,560to850 ,000squarefeetwill be available upon completionin Octoberof2024.PellicanoIndustrialParkis being developedthrougha jointventurewithHuntCompaniesand PanattoniDevelopmentCompany.WareMalcombisthearchitect,and LaytonConstructionisthebuilder.CBREElPaso’sJacobQuinnliststhespaceavailableforlease.
On February 2, 2024, Connect CRE reported on several notable developments in the commercial real estate industry. Weitzman has promoted Nick Naumann to Director of Brokerage for their Austin office, where he will lead the brokerage team and expand the company’s presence in Austin. Northmarq has added Ryan Shoars as Senior Vice President to their Debt and Equity platform with a focus on affordable housing originations. Fifth Quarter Investments LLC sold a large industrial trucking facility for $8.9 million through Cravey Real Estate Services’ assistance.
JLL Capital Markets secured funding for an upcoming industrial project near US-80 that will house Canadian Solar upon completion in early 2025.The project spans across756 ,668square feetand is expectedto bring significant economic growth tothe area.Panattoni Development Company broke groundon Pellicano Industrial Parkin El Paso,Texas.This parkwill offerClass-Aindustrial space ranging from223 ,560to850 ,000squarefeetupon its completionin Octoberof2024.Itis being developedthrougha jointventurewithHuntCompaniesand PanattoniDevelopmentCompany.CBREElPaso’sJacobQuinnliststhespaceavailableforlease.
