ANNOUNCEMENTS & DEALS DONE
SOUTHEAST TEXAS
(HOUSTON AREA)
ANNOUNCEMENTS Chad Beck has joined Cushman & Wakefield’s Houston office as Senior Director specializing in office tenant representation. Beck, formerly Senior Vice President for tenant representation group at JLL, brings almost 20 years of commercial real estate experience to Cushman & Wakefield’s office tenant representation group.
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Houston (DEVELOPMENT) –Midway is developing Avenue Grove, a 270-unit apartment complex in their current project, Kirby Grove at Levy Park between Richmond and the Southwest Freeway. The complex, which is being designed by Houston-based Munoz Albin – HOUSE + partner, will be in the shape of an E to increase the number of units.
OFFICE Chad Beck
Houston (DEVELOPMENT) – Houston-based food distributor Grocers Supply Co will build a 1.7 million SF warehouse and distribution facility on 159 acres at Pinto Business Park in North Houston. Hines, Pinto Realty Partners and Kohlberg Kravis Roberts & Company LP are currently developing Pinto Business Park. Phase 1 is expected to be completed by the end of 2015.
Robin Black has joined Colvill Office Properties as marketing director. Black brings over 20 years of experience in marketing and communications, with knowledge in many disciplines including media relations, advertising, graphic design, business development and social media. Robin Black
INDUSTRIAL Houston (DEVELOPMENT) – Copeland Commercial and Hillwood Investment Properties will break ground in June on Interstate Commerce Center, a 717,706 SF master-planned office and logistics park in North Houston. Phase I will consist of two buildings: a 284,170 SF cross-dock building and a 129,936 SF frontload building and are both expected to be completed by Q4 2014. Phase II is on a 20.64-acre site ready for development of more than 299,070 SF or build-to-suit opportunities. Matteson Hamilton and Jeremy Lumbreras of Stream Realty will handle leasing.
Houston (LEASE) – Harbert United States Real Estate Fund V, LP and Fuller Realty Partners purchased a 211,125 SF, Class A building at 9801 Westheimer Road. Marty Hogan and Dan Miller of HFF represented the seller, Younan Properties. Fuller will handle the leasing and management. Houston (SALE) – A private 1031 investor purchased Arbor Square, a 55,521 SF business park at 17000 El Camino Real. Derek Hargrove of Marcus & Millichap’s Houston office represented the buyer, and Justin Miller of Marcus & Millichap’s Houston office represented the seller, a Houston-based partnership. Houston (LEASE) – Houston-based Blinds.com has doubled its lease to 55,470 SF at 10255 Richmond Avenue in Houston’s Westchase District. Doug Freedman of United Equities represented the tenant, and Steve Rocher, Kristen Rabel and Parker Duffie of CBRE Houston represented the landlord, BMS Management.
Houston (LEASE) – Niavo Gulf Industries leased 102,000 SF at 12300 Amelia Drive. LeDon Wissner of Smith Raines Co. Realtors represented the tenant, and Clay Pritchett of NAI Houston represented the landlord. Houston (SALE) – Richland Financial Services of Texas purchased a 66,654 SF industrial property at 11810 Fairmont & 13501 Bay Area. Tom Lynch of CBRE Houston represented the seller, Kelley Fairmont, Inc. Houston (SALE) – Poroo Baker Investments, LLC purchased a 58,000 SF building at 5721 Harvey Wilson Drive. Steven O’ Conor and Marc Drumwright of Southwest Realty Advisors represented the buyer, and John Ferruzzo, SIOR and Chris Kugle of NAI Houston represented the seller, NIFF, LLC. La Porte (SALE) – The Richland Cos. purchased Fairmont PH Business Park, a 66,654 SF, two-building complex on 4.94 acres at Fairmont Parkway and Bay Area Boulevard, parallel to the Port of Houston. The complex is 100% leased to four tenants, including Worley Parsons and GSA.
MULTI-FAMILY Houston (DEVELOPMENT) – Houston-based real estate developer Morgan Group Inc broke ground on Pearl CityCentre and Pearl Residences at CityCentre and both are expected to be completed in the fall of 2015. One complex will be an eight-story building with 148 units and the other a seven-story building with 312 units.
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Houston (LEASE) – Premier Millwork leased 20,000 SF on 1 acre of land at 3409 Garrow. David Gerber of Gerber Realty represented the tenant, and James E. Foreman and Louis “Beau” Kaleel, SIOR of Cushman and Wakefield of Texas Inc.’s Houston office represented the landlord, Dulles Cartwright, Ltd. Houston (LEASE) – Sinopec Usa, Inc. expanded to 19,799 SF at 3050 Post Oak Blvd. Shirley Mei Qing of KW Commercial represented the tenant, and Cody Armbrister and Dave Hanusa of CBRE Houston represented the landlord, 5718 Westheimer Road Investors. Houston (LEASE) – Ebanks Horne Rota Moos leased 12,352 SF at 2777 Allen Parkway. Keith Lloyd of Newmark Grubb Knight Frank represented the tenant, and Kristen Rabel of CBRE Houston represented the landlord, American General Life Insurance Company.
RETAIL/RESTAURANT Houston (SALE) – Consolidated-Tomoka Land Co. purchased a 131,644 SF Lowe’s at 19935 Katy Freeway. Ian Schroeder of CBRE Houston represented the buyer, and Ian Schroeder and Christy Ingle of CBRE Houston represented the seller, DDR Corp. The Woodlands (LEASE) – The Republic Grille leased 3,800 SF in The Panther Creek Shopping Center at Woodlands Parkway. Rob Banzhaf of Newcor Commercial Real Estate and Terry McBurney of The Republic Grille represented the tenant, and the landlord, Regency Centers, was represented in-house.