This Week's Houston Deal Sheet
H-E-B's latest Houston location is underway. City leaders and H-E-B executives gathered at 2300 North Shepherd Drive Tuesday to break ground on the new 92K SF store scheduled to open in The Heights next fall.
Construction on the store will not officially begin until November. The location, a former Fiesta store, depended on whether Heights-area voters would change a rule prohibiting the sale of alcohol for off-site consumption, long a source of debate in the area. The grocer would not have moved into the dry zone, H-E-B Houston President Scott McClelland previously told the Houston Business Journal. The measure allowing alcohol sales passed last November.
The location is expected to be a multilevel store, similar in design to H-E-B's Bellaire location, sitting atop a parking garage.
LEASES
NAI Partners’ Jason Gaines and Shaffer Braun represented the landlord, Willowbrook I Shopping Center, in a 9,600 SF lease to International Barbeque Buffet, which was represented by Herman Tjahja.
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Baker Katz's Jason Baker completed a two-acre lease on behalf of Mia’s Table in Katy at the southeast corner of Grand Parkway and Kingsland Boulevard. Mac Haik Realty’s Brandon Poynter represented the landlord.
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NAI Partners’ Jake Wilkinson represented Houston Installation Services in a 32K SF lease at 401-421 West Crosstimbers St. in Houston. No other information was provided.
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NAI Partners’ Travis Land represented United Equities in a 16K SF lease for a tilt-wall manufacturing facility at 7206 Harms Road in Houston. No other information was provided.
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Belvoir Real Estate Group’s Rin Willis represented the Law Office of Kathryn N. Karam in a 4,700 SF lease at 4888 Loop Central Drive. Transwestern’s Amanda Lee represented the landlord.
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Belvoir Real Estate Group’s Matthew Goldsby and George Froming represented D-Tech Drilling in a 23K SF industrial sublease at 4667 Kennedy Commerce Drive.
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BHW Capital’s Bryan Tran represented Houden Properties in the acquisition of a 100% leased retail center at 7910 Westview Drive in Houston. No other information was provided.
SALES
Edge Realty's Josh Jacobs, Burdette Huffman and Kevin Holland represented the seller in the disposition of a Chick-fil-A at 13720 East Freeway in Houston. Todd Moore represented the buyer, Ambitious Investments.
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The J. Beard Real Estate Co. represented Pines Business Park in the sale of an office/warehouse project at 26009 Budde Road in Spring near The Woodlands. Rohde Ottmers Siegel Realty’s Ernest Brown and Jorge Rodriguez represented the buyer, Windswood Corp.
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G Pkwy Land purchased 15.3 acres at the intersection of Clay Road and Lakes of Bridgewater in Katy. NewQuest Properties’ Jeff Lokey represented the buyer. McAlister Real Estate’s Chris Hutcheson represented the seller, MCI Grand Parkway.
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Hardeman Family JV purchased ABC Supply Co.’s regional headquarters, on 10 acres at 24650 Franz Road in Katy, from Beloit Katy. NewQuest Properties’ Glenn Dickerson and Quick & Company Commercial Realty’s Jack Weiss represented the buyer. CBRE’s Andrew Peoples and Jeffery Jackson represented the seller.
FINANCING
LMI Capital’s Jamie Safier, Jamie Mullin and Brandon Brown placed financing for four garden-style apartment complexes. Safier originated a $10.6M acquisition loan for a 265-unit asset in southwest Houston. Mullin placed an $18.9M, 10-year, fixed-rate loan for a 370-unit property in the Woodlake/Briar Meadow submarket. Brown closed a $10.1M loan for a 215-unit asset in the Seabrook submarket. Brown also closed a $6.7M, 12-year agency loan for a 100-unit property in the Humble submarket.
