Nick Naumann has been promoted to Director of Brokerage in Austin for Weitzman, one of the largest retail-focused commercial real estate services firms based in Texas. Naumann will oversee the Austin office’s brokerage team and work to extend the firm’s reach and presence with clients, prospects and the overall industry at large. In Austin, the team is responsible for leasing duties for retail properties totaling more than 10 million square feet.
Northmarq has announced the addition of Ryan Shoars, senior vice president, to its Debt and Equity platform. Shoars will be responsible for affordable housing originations. He brings over 23 years experience as an agency lending expert. Before joining Northmarq, Shoars served 13 years as vice president of Originations for Colliers Mortgage.
Fifth Quarter Investments LLC has sold a 118,892-sf industrial trucking facility at 4599 US 77/I-69 to KD Robstown LLC. The facility, which was listed for $8.9 million, sits on 51 acres and consists of six buildings. Cravey Real Estate Services brokered the sale.
A 756,668-sf industrial project near US 80 has secured funding and will open early 2025. Located at 2800 Skyline Dr., the warehouse will house solar energy firm Canadian Solar. JLL Capital Markets arranged the financing for the joint venture equity partnership.
Panattoni Development Company has broken ground on the Pellicano Industrial Park in El Paso, Texas. The park will comprise five build-to-suit buildings totaling more than 1.8 million square feet on 108 acres. Completion is expected in October of 2024. The park will offer Class-A industrial space from 223,560 square feet to 850,000 square feet. Pellicano Industrial Park is being developed through a joint venture with Hunt Companies and Panattoni Development Company, with Ware Malcomb as the architect and Layton Construction as the builder. Available space is listed by Jacob Quinn of CBRE El Paso.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.