RNR Real Estate Briefs – (Realty News Report) – RICHMOND, Texas – RealSource Group brokered the sale of the single‑tenant Shake Shack drive‑thru ground lease in Richmond for $5.8 million. RealSource Group’s Austin Blodgett and Jonathan Schiffer, in association with ParaSell, represented the seller, Houston‑based real estate development firm Read King.
The buyer, a New York-based private 1031 exchange investor, was represented by Anthony Cerrone at Marcus & Millichap. Located at 19130 W. Bellfort, the 3,072‑SF restaurant sits on 1.71 acres within Waterview Town Center, a 134‑acre mixed‑use development anchored by Academy Sports + Outdoors, Sprouts Farmers Market, and LA Fitness. Completed in 2026, the asset is backed by a 15‑year corporate absolute triple‑net ground lease with 10% rent increases every five years and four five‑year renewal options.
HOUSTON – M&C Pump Americas renewed a 20,046-SF lease at 15360 Vantage Parkway W. Oxford Partners’ Sam Marnoy and Matt Rogers represented the tenant. The landlord, Old House Capital, was represented by Will Clay and Angela Watford of JLL.
HOUSTON – Initech Enterprise International leased 7,600 square SF at 15007-13 Delaney Road, La Marque. Oxford Partners’ Perry Mazzone and Chase McAteer represented the tenant. The landlord, La Marque Outlet Development, was represented by Tonya Spangler of SugarOak Realty…