This Week's Houston Deal Sheet
Team Rubicon, a nonprofit that unites the skills and experiences of military veterans with first responders, leased an 8K SF warehouse at 2710 Reed Road in Houston. The organization will use the space to rebuild 100 homes destroyed during Hurricane Harvey.
"In order for Team Rubicon to fulfill its commitment to Houston-area residents impacted by Hurricane Harvey, it was imperative we invest in a space that would allow us to store and distribute equipment as well as organize and train volunteers and staff for the work that lies ahead," Team Rubicon Senior Construction Manager David Venables said.
Henry S. Miller's Sam Chang and Murray Aronson's John Murray represented Team Rubicon. Transwestern's Darryl Noon represented the landlord, NP Park 288.
LEASES
Parkway Property Investments’ J.P. Hutcheson completed a 23K SF lease at Three Greenway Plaza with Foster. NGKF's Jay Bonano and Steve Biegel represented Foster.
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NAI Partners’ Jake Wilkinson arranged a 17K SF industrial lease renewal at 2000 West Sam Houston Parkway North in Houston. Stream Realty’s Matteson Hamilton represented the landlord, TR Lonestar Industrial Portfolio.
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Stream Realty Partners’ Matteson Hamilton and Jeremy Lumbreras represented the landlord, Interstate Commerce Center, in the 284K SF expansion of McLane Global in North Houston. CBRE’s Patrick Rollins represented McLane Global.
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NAI’s Jon Silberman, John Ferruzzo and Nick Peterson represented FairfieldNodal in a 46K SF sublease at Air Liquide Center at 9811 Katy Freeway in Memorial City. No other broker information was provided.
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NAI’s Nick Terry represented the landlord in an 8K SF lease for Lonestar Products and Equipment at 28242 Robinson Road near The Woodlands.
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NAI Partners’ Jason Gaines and Chris Holder represented the landlord, SGRE Cypress Retail 1, during negotiations for a 5K SF lease for Sherwin-Williams at 3200 North Fry and Rustic Lane in Cypress.
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JLL’s Lesa French represented Étoile Academy, a new Houston charter school, in signing a 13K SF lease at 6600 Hornwood Drive in Houston. The tuition-free, college-preparatory charter school will open in August. The school plans to grow one grade level per year for the next four years to eventually serve fifth- through eighth-grade students in an approximately 48K SF facility. Avison Young’s Jonathan Cohen, Sam Hansen and Doug Pack represented the landlord, Ardenwood Group.
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Levey Group executed a 48K SF, 63-month lease with Omnisource United inside Northwest Place Industrial Park. CBRE’s Joseph Smith represented Levey Group while Avison Young’s Jeff Lindenberger and Foundry Commercial’s Mark Scott represented Omnisource.
SALES
Marcus & Millichap’s James Bell and Keith Lloyd completed the sale of Chase Bank Building, a 45K SF office property in Humble.
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An undisclosed buyer has purchased 4.7 acres at 20325 West Road in Cypress. Amandeep Singh of Retail Solutions represented the buyer. Jeff Turboff of Prime Capital Corp. represented the seller.
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VB Uniti Investments and Pearland Hospitality purchased 1.2 acres and 1.8 acres, respectively, in Shadow Creek Ranch, Pearland, from CCAC Sam’s Shadow Creek. NewQuest Properties’ Brad Elmore, Bob Conwell and Austen Baldridge represented the seller.
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Moody Rambin’s Bob Gulley represented Carriage Management in the sale of 6.45 acres on the West Grand Parkway in Katy. United Equities’ Joshua Sebesta represented the buyer, Katy Parkway Market.
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NKF Capital Market Self Storage Group led by Aaron Swerdlin and Kenneth Cox completed the sale of a high-performing 54K SF climate-controlled storage facility at 17000 Post Oak Blvd. in Houston. The property was purchased by Passco Cos.
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ICO Commercial’s Larry Indermuehle represented G2G Family Properties in the purchase of 5.8 acres at 25635 Southwest Freeway in Rosenberg.
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NAI Partners’ Travis Land represented the seller, WS Equity Group III, in the sale of 16310 Aldine Westfield, a 15K SF industrial building in Houston. The buyer was represented by Boyd Commercial’s Robert Alinger.
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ICO Commercial’s Peyton Easley and Mike Gornek represented the seller in the disposition of a 12K SF retail building with 0.7 acres of additional land attached at 3711 Raoul Wallenberg in Missouri City. Westwood CPM Real Estate's Jin Li Zhao and Julian Chang represented the buyer.
DEVELOPMENT
Flix Brewhouse is slated as the Hub’s first entertainment anchor. Flix’s founder plans to build and lease the cinema-brewery on a portion of the new 300K SF entertainment, dining and retail destination at Grand Parkway and West Airport Boulevard. The planned Flix Brewhouse is the chain’s new prototype theater, comprising 38K SF and nine auditoriums.
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Houston‐based developer Vista Equities Group broke ground on a major expansion of University Commons, a new retail and lifestyle center at Sugar Land’s Telfair community off Interstate 69. Encompassing 108K SF, Phase 2 of University Commons will occupy a 12.8-acre site directly across University Boulevard from the 155K SF first phase, which is 95% leased and 90% open. Delivery of Phase 2 is anticipated for tenant build-out in December.
HIRES/PROMOTIONS
CBRE has appointed Lori Bryant as managing director of asset services in Houston, where she is responsible for office, industrial, retail and healthcare properties totaling more than 30M SF under management and nearly 350 employees.
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Nina Latimer has been named asset manager for Gemini Rosemont. She is now responsible for the majority of the Houston portfolio and the company’s entire Dallas portfolio.
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Stream Realty Partners expanded its Houston industrial leasing team with the addition of Bryan O’Hair as vice president.
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The Conroe Economic Development Council and Conroe Industrial Development Corp. have promoted Danielle Scheiner to executive director.
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Central Houston announced the hire of Marie Hoke as project architect/urban designer dedicated to the North Houston Highway Improvement Plan.
