This Week’s Houston Deal Sheet
1113 Vine Street Holdings LLC, an affiliate of Stratiq Capital, purchased 1113 Vine St., a 2.26-acre parcel of land accompanied by a 99K SF building in Downtown Houston.
Originally known as the Union Transfer and Storage Building, the property is listed in the National Register of Historic Places.
Built in 1917, 1113 Vine St. offers an open floor plan, with current tenants ranging from attorneys and fitness trainers to oil and gas and nonprofit organizations. The property’s 33K SF basement also provides climate-controlled storage space.
CXRE’s Rick Walker represented the buyer, 1113 Vine Street Holdings LLC, while Transwestern’s A. David Schwarz III and Carlos P. Bujosa represented seller Lee Roy Murray III in the transaction.
SALES
Kajani Capital Group purchased a 13.25-acre tract of land in Houston for the development of a Class-A 336-unit garden-style apartment community. The property is located immediately north of FM 1960/Cypress Creek Parkway, next to the new School of Science and Technology charter school. Cushman & Wakefield’s Kristen McDade and Matthew Davis represented the unnamed seller in the transaction.
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Armour 6021-5 LLC purchased a 17K SF warehouse on 0.49 acres at 6021 Armour Drive in Houston’s East End. NewQuest Properties’ David Luther and Rick Ragan represented the seller, CC West Investments Inc., in the direct deal.
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Armour 6021-5 LLC purchased a 26.3K SF warehouse on 0.7 acres at 6025 Armour Drive in Houston’s East End. NewQuest Properties’ David Luther and Rick Ragan represented the seller, Joanna Hunt, in the direct deal.
LEASES
PG Golf leased 87.2K SF at Sugar Land Crossroads, located at 12520 West Airport Blvd. in Sugar Land. JLL’s Jarret Venghaus and Jordan Raney represented the tenant, while Transwestern’s Darryl Noon and Nick Peterson represented the landlord.
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Terracon Consultants renewed its 65.9K SF lease at Claymoore Business Park, located at 3900 Brittmoore Road. JLL’s Jeff Venghaus represented the tenant, while Transwestern’s Brian Gammill and Darryl Noon represented the landlord.
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Brook Furniture renewed its 43.1K SF lease at America Plaza, located at 14900 Hempstead Highway. CBRE’s Ed Frantz represented the tenant, while Transwestern’s Brian Gammill and Darryl Noon represented the landlord.
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Intelligent Mexican Marketing leased 42K SF at Northwest Crossing, located at 7350 Denny Road. Avison Young’s Mike McElwee represented the tenant, while Transwestern’s Brian Gammill and Darryl Noon represented the landlord.
CONSTRUCTION AND DEVELOPMENT
American Liberty Hospitality will open its third dual-branded hotel in the Texas Medical Center on Sept. 23. The 10-story combined Hilton Garden Inn and Home2 Suites by Hilton, located at 6840 Almeda Road, will offer a total of 300 rooms as well as 3.6K SF of flexible meeting and event space. Both brands are franchises of Hilton.
The dual-branded hotel is located on the Michael E. DeBakey Veterans Affairs Medical Center campus, which is affiliated with and operated by the United States Department of Veterans Affairs and is one of the department’s largest hospitals. Home2 Suites will include 143 extended-stay rooms. Hilton Garden Inn will offer 157 hotel rooms.
MCS Architects designed the property, Arch-Con Corp. served as the general contractor and construction financing was provided by Amegy Bank and its participant, United Missouri Bank.
THIS AND THAT
Boxer Property will manage the Saint Constantine School buildings located at 7177 Regency Square Blvd. Boxer Property’s Karen Hink negotiated the agreement with the school’s ownership.
