This Week's Houston Deal Sheet
Central Wire purchased and will occupy a 30k SF spec building in Bear Creek Business Park.
The Finial Group built the facility, which completed a year ago. It’s a crane-capable industrial building on nine acres at Kieth Harrow Boulevard and Barker Cypress. Finial’s Keith Bilski, Neil Martin and Mike Sperandio repped the seller in-house, and Evtex Cos’ Janae Evans and Joe Evans repped the buyer.
EXECS
Alex Sarant was named Houston branch manager for Engineering Consulting Services. He’s been with the firm since ’06 and previously managed the Charlottesville branch.
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Janis Brackett joined Kirksey as community team leader. She was previously with HOK.
SALES
Baker Katz purchased a 2.1-acre property with a 13k SF office building at 59 and West Little York. It will break ground in 2016 on an additional 7k SF retail building and restaurant or restaurant pad on the site.
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Parker-Hannifin Corp purchased a 129k SF office/warehouse facility on 12 acres at 12955 Emmett Rd. NAI Partners’ John Ferruzzo and Nick Peterson repped seller Pexco, and Colliers’ Barrett Gibson and Jason English repped the buyer.
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AER purchased 5.5 acres in Lakeview Business Park. CORFAC/Boyd Commercial’s Alexander Reilly and Bo Pettit repped the seller, and JLL’s Bob Berry and David Buescher repped the buyer.
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An undisclosed buyer purchased The Shops at Terramont, a 15k SF property in The Woodlands. Marcus & Millichap’s Nik Kapetanakis and Gus Lagos listed the asset at $5.3M.
LEASES
Source North American leased 11k SF at Intercontinental Business Park. Northwinds Commercial Realty’s Clint Hankla repped the tenant, and Tarantino’s Kim Brake repped landlord Haldeman-Homme.
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Vicostone Quartz Surfaces leased 28k SF of new industrial space at Bammel Business Park. NAI Partners’ John Ferruzzo and Chris Kugle repped the tenant with NAI Robert Lynn’s Mark Miller. Stream’s Matteson Hamilton repped the landlord, Principal Life Insurance.
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SI Warehousing Co leased a 100k SF distribution facility at 2902 E 13th St in Deer Park. Cushman & Wakefield’s Kelley Parker, John Littman, Coe Parker and Tim Thomas repped the tenant, and DCT Industrial Trust’s Will Hedges repped the landlord in-house.
DEVELOPMENT
Willowbrook Mall is getting a facelift. The 1.3M SF property is updating both the interior and exterior, including a new two-story clear entrance and a completely transformed food court. Construction will take place after mall hours and will complete by this holiday season.
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Creekside Park Village Green, the focal point of The Woodlands Development Co’s 60-acre Creekside Park Village Center, celebrated its grand opening. The Village Green has already inked leases with Armanio De La Bella, Artrageous, AT&T, Cherry Berry Frozen Yogurt, Creekside Family Eye Care, Creekside Village Cleaners, Crust Pizza Co, Dentistry of Creekside Park, Edward Jones, EXIT Lone Star Realty, Fieldings Local Kitchen, Hand & Stone Massage & Facial Spa, Huntington Learning Center, The Joint, Jordan’s Sweet Shoppe, Levure Bakery, Nails of America, Realty Executives, Shogan Japanese Grill, Studio A Pilates, Subway, The UPS Store and Vein Clinics of America. Howard Hughes’ Rip Reynolds and Zak Hudnall handle leasing.
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The Boys & Girls Club has opened in Richmond/Rosenberg. Kirksey designed the 21k SF state-of-the-art facility, and DE Harvey handled construction. The property can serve 350 children and teens daily and includes a full-size gym, a library/learning center, a computer lab, a kids’ café, an art room, a game room with billiards and video games.
FINANCING
BMC Capital’s Keith Van Arsdale arranged a $5.7M cash-out refinance loan for a 200-unit multifamily property. The non-recourse loan features 75% LTV, 10-year term and fixed rate of 4.62%.
THIS AND THAT
Congrats to Memorial Hermann Memorial City Medical Plaza 4, which received an International TOBY (BOMA’s office building of the year award) in the MOB category. Transwestern manages the 146k SF property (led by SVP John Wheeler) for Memorial Hermann. It was competing against four other MOBs around the globe.
