SOUTHEAST TEXAS BRETT WILLIAMS has joined Transwestern Commercial Services as Managing Director.
CONROE, TX MARGARITAVILLE RESORT TO OPEN ON LAKE CONROE Atlanta-based Songy Highroads LLC & The Wampold Companies of Baton Rouge, Louisiana purchased La Torretta Lake Resort & Spa along Lake Conroe with plans to convert the property into a Margaritaville Lake Resort which will be completed by third quarter 2020.
CYPRESS, TX NEW RESIDIENTIAL IN BRIDGE CREEK California-based William Lyon Homes plans to build 758 homes on 212 acres off Fry Road between Tuckerton & West Road. Houston-based Land Tejas purchased about 300 acres in the same area to double the size of its Miramesa at Canyon Lakes West development.
HOUSTON, TX TEXAS YARDS BUYS MANUFACTURING FACILITY Texas Yards LLC purchased a 50,000 sf heavy manufacturing facility on 7.4 acres located at 810 McHard Road from McHard Road Partnership. Clay Pritchett & Zane Carman with NAI Partners handled the transaction.
Courtesy: Hines WHITE & CASE LEASE 57,315 SF OFFICE White & Case leased 57,315 sf on the 29th & 30th floor at the 609 Main at Texas building & will be relocating from their Two Allen Center location early 2020. Michael Anderson & Damon Thames with Colvill Office Properties represented Hines, the landlord, & David Bale with JLL represented the tenant.
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TRAVIS RODGERS has joined NAI Partners as an executive vice president.
LIFE TIME FITNESS IN DOWNTOWN Life Time Inc will be opening a new location in 56,000 sf at GreenStreet, the downtown mixed-use development at 1201 Main Street which was developed by Midway & Lionstone Investments. The fitness center will be adjacent to the 38,000 sf co-working space Life Time Work. THREE OFFICE BUILDINGS SOLD TO CAPRIDGE PARTNERS Austin-based CapRidge Partners LLC purchased the 1616 S. Voss Road building, the 7500 San Felipe Street building & the 6363 Woodway Drive building from a partnership led by Unilev Capital Corp. Dan Miller, Martin Hogan & Johnny Kight with HFF represented the seller. 11 ACRES SOLD TO SULLIVAN BROTHERS Sullivan Brothers Builders purchased 11 acres on Palmdate & Wald Street, south of Old Galveston Road (SH 3) from the MJG Estate. David Gerber with Gerber Realty represented the buyer. MARTHA TURNER SOTHEBY’S MOVING TO AMEGY BANK BUILDING Martha Turner Sotheby’s is relocating from 50 Briar Hollow Lane to the new Amegy Bank building located at 1717 West Loop South. The company will occupy 33,000 sf. STORE SPACE BUYS 278,000 SF Store Space has purchased 278,000 sf of rentable space in three properties located in Houston, Sugar Land & Humble. The acquisitions are part of a 464,000 sf six-property portfolio in Texas, Georgia & Philadelphia. NEW RETAIL CENTER OFF NAVIGATION BLVD. Houston-based Ersa Grae Corp purchased 1.8 acres at 2929 Navigation close to the Original Ninfa’s on Navigation several years ago. They are now breaking ground on a 19,000 sf retail center on the property whose first tenants will be Corky’s BBQ & Allegiance Bank.
CAM INTEGRATED LEASES 59,220 SF CORPORATE OFFICE CAM Integrated Solutions LLC leased 59,220 sf at 17000 Katy Freeway as the location of their corporate headquarters. Justin Leighton, Branon Pesnell & Lonna Dorman with Transwestern represented the tenant & Eric Anderson & Parker Burkett with InSite Realty Partners represented the landlord. METRONATIONAL DEVELOPING NWC GESSNER & I10 MetroNational is expanding its mixed-use development across from Memorial City Mall at the northwest corner of Gessner & 10 with the construction of a 7,000 sf Kirby Ice House, a Mia’s Table and a Torchy’s Tacos. In addition to the restaurants, Memorial City’s future mixeduse development will include Class A office buildings & possibly a hotel. CROWN CASTLE BUILDING 420,000 SF FACILITY ON 610 LOOP Houston-based cell tower owner, Crown Castle International Corp, purchased the building at 8020 Katy Freeway just west of the 610 Loop from Prologis in July 2018. The company reportedly plans to build a 13- story, 420,000 sf facility on the property. Construction is set to begin August 2019 with completion the first quarter of 2021. SCIENTIFIC DRILLING LEASES 20,500 SF WITH AN OPTION TO BUY Scientific Drilling International leased 20,500 sf of industrial space at 19700 Aldine Westfield Road with an option to purchase the building. George Froming with Belvoir represented the landlord, Giri Real Estate Corporation & Stephen Schneidau represented the tenant.
KATY, TX SUEBA USA BREAKS GROUND ON APARTMENTS Sueba USA has started construction on a 319-unit apartment project in the Katy Boardwalk District located at Lakeview Way & Kinsland Blvd.
LA PORTE TX
75.9 ACRES SOLD ON SENS ROAD Sens Road Industrial LLC purchased 75.9 acres on Sens Road near Texas 225 & Texas 146 from an undisclosed seller. Doyle Toups & Zack Taylor with Moody Rambin represented the buyer & Ed Frantz with CBRE represented the seller.
PORT ARTHUR, TX
Courtesy: The Enterprise MOTIVA ENTERPRISES BUYS HISTORIC BUILDINGS Houston-based Motiva, an affiliate of Saudi Refining, has purchased the historic & unoccupied Adams & Federal Buildings located on Austin Street in downtown Port Arthur. The company will renovate the buildings and plans to house 500 workers at the properties upon completion.
SPRING, TX
PATRINELY GROUP, ETAL SELLS HP PLAZA Patrinely Group and partners USAA Real Estate & CDC Houston sold the two-building 378,401 sf HP Plaza to Northbridge Capital LLC. The buildings are located at 10300 & 10400 Energy Drive. HP occupies 100% of both buildings. Jeff Hollinden & Trent Agnew with HFF represented the seller. HP Inc moved into the newly constructed buildings in 2018.
TOMBALL, TX EPB LAND SELLS MEDICAL RETAIL BUILDING EPD Land Development, LP sold a 11,000 sf medical retail building located at 25450 Kuykendahl to Spectre Innovations LLC. Lisa Hughes & Cathy Young with The J. Beard Real Estate Company represented the seller & Duke Iqbal wth IQ Realty represented the buyer.
MAY 2019
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