SRS Real Estate names lease admin exec
Dallas — SRS Real Estate Partners announced it has appointed Stan Heller as executive VP of its lease administration service line.
In his new role, Heller will focus on helping the lease restructure and renewal team in lowering client occupancy costs, as well as pursuing new business for the company. The addition of Heller comes on the heels of a strategic move to grow the company’s lease administrative presence in the industry.
Prior to taking on the role as executive VP, Heller worked with the SRS brokerage team for seven years providing tenant representation and disposition services.
Grubb & Ellis names exec
Phoenix — Grubb & Ellis Co. announced that Robert P. Stephens has joined the company as VP Industrial Group.
Specializing in the representation of industrial tenants and landlords, Stephens joined Grubb & Ellis from Cushman & Wakefield.
Baker Katz acquires former Hollywood Video building
Houston — Houston-based commercial real estate brokerage Baker Katz, an X Team partner, announced that it has acquired a former Hollywood Video building at Grogan’s Mill and Sawdust in The Woodlands, Texas.
As part of an investment fund dedicated to real estate development, acquisition and ownership, Baker Katz purchased the 7,500-sq.-ft. building that is located near the area’s newest Wal-Mart Supercenter in The Woodlands, and plans to renovate and expand the building, subdivide it and re-lease the new spaces to individual tenants.
Terms of the deal were not disclosed.