This Week's Houston Deal Sheet
The Avera Cos. and AEW Capital Management are developing a 242K SF industrial building at Antoine Road, north of Beltway 8.
The building, Champions Park, will sit on 14 acres in Northwest Houston offering ready access to major thoroughfares, including Sam Houston Parkway, Interstate 45, Tomball Parkway and Veterans Memorial Drive.
The project, to be delivered roughly at the end of 2022, is located in one of the city's most active leasing markets, according to Cushman & Wakefield, which is leasing the property.
“We believe Champions Park will be a sought-after project, largely due to its highly desirable location and proximity to neighboring institutional quality tenants," The Avera Cos. CEO Trey Odom said in a release. "There is nowhere else in the Northwest submarket for a tenant to go without compromising on access, site plan efficiency, or square footage."
PEOPLE
NAI Partners in Houston hired Garrett Mickal as senior vice president of valuation and advisory services. He was previously vice president of valuation and advisory services at JLL.
SALES
Clay Road 628 Investments sold 7 acres at Elrod Road to an undisclosed buyer. Lilly Golden of Evergreen Commercial Realty represented the seller.
***
South Shore Holdings purchased 2231 Sens Road to 2235 Sens Road from Forrest Land. Tyler Maner of Stream Realty Partners represented South Shore Holdings.
LEASES
Houston-based cooler company Yeti opened its eighth retail location in Highland Village. The 3K SF store sells prefabricated and customizable coolers, mugs and other goods.
***
Prestige Expeditors leased almost 60K SF at 15625 Vickery Drive, the site of Prologis World Houston Distribution Center 1. Matteson Hamilton and Jeremy Lumbreras of Stream Realty Partners represented Prologis.
CORRECTION, DEC. 2, 6:40 P.M. ET: A previous version of this story misattributed who Stream Realty Partners represented in the deal. It represented South Shore Holdings. The story has been updated to reflect the change.
