This Week's Houston Deal Sheet
DCT Industrial will soon break ground on a 35-acre industrial park just off State Highway 225 near the Port of Houston. DCT PetroPort Industrial Park will be a two-building, 252K SF project with quick access to transportation infrastructure.
DCT PetroPort will house a 163K SF building at 860 Sens Road and an 89K SF building at 850 Sens Road, the Houston Business Journal reports. The larger facility has already been 100% pre-leased to an undisclosed "industry-leading" warehousing tenant. The remaining space will be marketed by Cushman & Wakefield's Kelley Parker and Coe Parker.
SALES
Marcus & Millichap’s Justin Miller, Davis Hansen and Dmitiri Jordan negotiated the sale of a 13K SF property leased to CVS in Houston at 12620 FM 1960.
***
NAI’s Travis Land repped the landlord, Adkisson Development, in selling a 28K SF industrial building on two acres at 7436 Fairbanks in Houston at White Oak Industrial Park. Flyers’ Rui Yao repped the buyer, Zhisu Group.
***
EDGE Capital Markets’ Josh Jacobs and Burdette Hoffman repped the seller in the disposition of Montgomery Crossing, a retail property including approximately 69K SF of inline space, three pads and a 2.3-acre raw land future development parcel in Conroe. Mark Kalil & Associates' Mark Kalil repped the buyer, Montgomery Crossing.
LEASES
Stream's Anthony Squillante and Josh Morrow repped Steven S. Toeppic & Associates in leasing 24K SF at 1201 Lousiana. Brookfield, the landlord, was repped by its own Jon Dutton and Clint Bawcom.
***
Lee & Associates' Jill Nesloney repped the tenant, Maximum Silencers, in leasing 54K SF of industrial space at 10635 Brighton Lane in Stafford. Adkisson Brokerage Development's Steve Adkisson repped the landlord.
***
Lee & Associates’ Travis Taylor and Cooper Bagheri repped The Noble Group in leasing 6.1K SF of office space in Sugar Land Town Center at 2245 Texas Drive in Sugar Land. Planned Community Developers' Don Janssen repped the landlord.
***
NAI Partners’ Alex Taghi repped Core Midstream in leasing 14K SF of sublease space at Bank of America Center.
***
Lee & Associates’ Travis Taylor repped Servient in leasing 5.6K SF of office space at 15915 Katy Freeway in Houston. The Beck Group’s Derek Beck repped the landlord.
***
BMS Management's Kristen Rabel repped the landlord in leasing 6.1K SF to ASA Dally at 9800 Richmond in Houston. Lee & Associates’ Cooper Bagheri repped the tenant.
***
Stream’s Anthony Squillante and Dustin Devine repped the tenant, Air Products, in leasing 17K SF at 16945 Northchase Drive. Transwestern’s Michelle Wogan, Evelyn Ward and Paula Musa repped the landlord, Northwestern Mutual.
HIRES/EXECS
Read Hammond, a national commercial title underwriter and commercial operations manager with more than 17 years of experience, has joined AmTrust Title’s expanding team as senior vice president and Southwest regional manager.
UPDATE, Aug. 16, 11:05 A.M. ET: Added Evelyn Ward as a landlord rep for 16945 Northchase Drive.
