This Week's Houston Deal Sheet
Transwestern has set the team that will take on one of Houston's largest office leasing assignments. Doug Little, Debbie Wilson, David Baker and Kelli Gault will lease the nearly 4M SF of office space at Houston Center, while colleagues Nick Hernandez, Crystal Allen and Kim Bernick lease the retail space.
Houston Center is 72% leased. While owner Brookfield has not announced plans for Houston Center, some sort of renovation is likely. At $875M, Houston Center's disposition was the largest of 2017.
“Once renovations at the development are complete, Houston Center will have the most amenity-rich office environment in the central business district and will be the premier location to attract and retain employees,” Baker said.
SALES
Lee & Associates’ Thomas Leger and Chase Cribbs represented I-59/Greens Road Business Center in a 15K SF industrial sale at 6320 Greens Road in Humble.
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An undisclosed buyer purchased the 3K SF Center Street Plaza at 1230 Center St. in Deer Park. Retail Solutions' Mohamed Gamal represented the seller. Jeries Ganim of Regional Properties of Texas represented the buyer.
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Lee & Associates’ Thomas Leger and Mike Spears represented the buyer in a 27K SF industrial sale at 12233 Robin Blvd. in Houston. The seller was 4210 Bluebonnet Blvd.
On behalf of the seller, a joint venture between Archway Properties and NewQuest Properties, HFF’s Trent Agnew, Rusty Tamlyn and Johnny Kight completed the disposition of a 49K SF flex-industrial project at 500 Century Plaza in Houston. Finial Group purchased the property for an undisclosed price.
LEASES
JLL’s Beau Bellow represented The Epilepsy Foundation of Texas in a 7K SF office lease at 2401 Fountain View. Finial Group’s Jack Parsons and Dylan Schopper represented the landlord.
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Global Tubing leased 6,300 SF of Class-A office space on the third floor of 250 Assay St. at McCord Development’s Generation Park. Global Tubing is expected to occupy its new office space at Generation Park during the first quarter.
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Lee & Associates’ Reed Vestal and Taylor Schmidt represented Strategic Filtration in a 20K SF industrial lease at 2500 Fairway Park Drive in Houston. The landlord was represented in-house.
HIRE/PROMOTIONS
JLL appointed Senior Vice President Russell Hodges to lead the firm’s office agency leasing brokerage team in Houston. Hodges joined JLL in 2014, and over the course of his career Hodges has transacted over 12M SF in lease agreements.
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Lee & Associates promoted Chase Cribbs from director to senior director and Chris Nash from associate to director.
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Steve Lewis has been promoted to lead CBRE's newly created student housing practice for valuation and advisory services as part of the team’s continued strengthening of specialty property types.
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The Signorelli Co. hired Jeffrey Harrison as senior vice president of retail development. Harrison has over 30 years of experience in real estate with both public and private commercial real estate firms in Texas.
