G&A Partners continues buying spree
G&A Partners, a Houston-based provider of outsourced human resource administration, benefits and payroll services, expanded into Iowa and Nebraska with the acquisition of Des Moines, Iowabased Focus OneSource. Terms were not disclosed.
Focus OneSource was founded in 2008 by John Hovey and Michael Teachout, who continues to lead G&A’s new Iowa office and becomes G&A’s director of strategic alliances. G&A will retain OneSource’s leadership team and staff .
John W. Allen, CEO of G&A, said the acquisition enables Focus OneSource to provide clients with additional services, insurance products and technology.
With the acquisition, G&A Partners provides HR services, employee benefits and technology to more than 3,000 clients nationwide and more than 80,000 worksite employees.
The deal represents the 11th acquisition for G&A Partners in four years. The company acquired Employer Advantage, a provider of human resource services based in Joplin, Miss., earlier this year.
Investor bets big on industrial
Taurus Investment Holdings, a global private equity real estate firm based in Boston, is betting big on industrial with its latest acquisition of 13 properties across four Sunbelt metro areas, including Houston.
The company acquired the Sunbelt Infill Portfolio, consisting of 13 industrial properties totaling more than 1.4 million square feet across Atlanta, Houston, Tampa and Orlando.
In Houston, the purchase included a 218,966-square-foot building leased to four tenants and a 151,298square-foot building about 5 miles south of the Texas Medical Center near Loop 610 South. The purchase adds to three other Houston buildings owned by Taurus totaling 400,488 square feet.
The company, which owns more than 16 million square feet of industrial space, is growing its portfolio as demand driven by growth in e-commerce and an evolving supply chain is pushing up rents, according to Taurus. Industrial vacancy in the southern United States fell to 4.5 percent in the first quarter from 7.7 percent in the first quarter of 2021, according to commercial real estate firm CBRE. Nationally, industrial rents rose 11.8 percent over the year to a record $8.94 per square foot.
Toll Brothers taps estate home market
National homebuilder Toll Brothers is launching its latest luxury residential project in the Houston area with a small gated community in Spring, as sales of homes priced over $1 million in Houston continue to rise.
Toll Brothers unveiled plans this week for Tres Lagos — Estate Collection, a neighborhood of socalled estate-style large homes within the MacKenzie Park community of Spring. The houses will range between 3,600 square feet to 5,400 square feet with prices ranging from $900,000 to $1.1 million.