This Week's Houston Deal Sheet

PMRG’s Marci Phillips and Livy White represented the landlord, Younan Properties, to ink 14 leases totaling more than 73K SF in office space in the Greenspoint/North Belt submarket.

The deals span the buildings at 650, 652 and 654 North Sam Houston Parkway and are:

• ENGlobal U.S. Inc. signed a renewal lease for 28K SF. Jackson Cooksey’s John Luck represented the tenant.

• South Central Texas Healthcare Inc. signed an expansion lease for 7,204 SF. Oxford Partners’ Ryan Hartsell represented the tenant.

• DELMET Services LLC expanded and renewed its lease for 3,827 SF.

• Securecomm Technologies Inc. signed a new lease for 3,157 SF.

• Gary S. Tucker & Associates P.C. signed a renewal lease for 2,993 SF. Houston Site Acquisitions’ Theodore Brakatselos represented the tenant.

• Bond Investigations Inc. signed a new lease for 652 SF.

• Prime Energy Services LLC expanded and renewed its lease for 8,493 SF. Lee & Associates’ Drew Donohue and Ryan Young represented the tenant.

• Law Offices of Garry L. Davis P.C. signed a new lease for 3,574 SF. Texan Realty Group’s Rudy Garza represented the tenant.

• An undisclosed tenant signed a new lease for 1,066 SF.

• An undisclosed tenant signed a new lease for 8,052 SF. 

EXECS

Jared Ford has joined The Dinerstein Cos. as the president of construction and partner. He will begin in September. With more than 20 years of experience, Ford previously served as the senior vice president of North Carolina-based Crescent Communities, where he led the design and construction of more than 16,000 multifamily units and over 800K SF of retail and office development totaling more than $3B.

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LJA promoted Chris LeBlanc to vice president of Houston land development. LeBlanc joined the company in 2003 and his previous roles range from preparation of construction plans and contract documents to providing management and oversight for major land development projects. 

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Nick Laettner joined MORGAN as city partner - development. He will be responsible for sourcing and developing new properties in Houston. Previously, Laettner worked for Wells Fargo Commercial Real Estate Banking Group as the relationship manager and arranged MORGAN’s construction loans on various properties, including Pearl Residences, Pearl CityCentre, Pearl Washington and Midtown 29.  

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Chris Thomas has joined Wet’n’Wild SplashTown, Houston’s largest water park, as the general manager. Thomas has more than 25 years of experience in the water park and aquatic operations industry. Previous roles include Six Flags Fiesta Texas in San Antonio, Splish Splash Waterpark in Calverton, New York, Schlitterbahn Waterpark in Kansas City, Kansas, and most recently Raging Waters Los Angeles, Boomers! Vista and Boomers! Palm Springs, California.   

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Kimberly Hickson has joined the Houston office of global architecture and design firm Perkins+Will as principal. Hickson, with over 25 years of cross-industry experience, will oversee and provide strategic leadership in the design, planning and delivery of projects in the higher education and civic studios.

SALES

An undisclosed buyer purchased a 12K SF retail building at 9406 Westpark Drive in Southwest Houston. First Houston Properties’ Patrick McKiernan represented the seller. ARC Management's Jeremy Moss represented the buyer.  

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An undisclosed buyer purchased Stone Gate Shopping Center, a 21K SF retail property at 11808 Barker Cypress Road in Cypress. The property was affected by Hurricane Harvey but returned to original condition by closing. Marcus & Millichap’s Jerry Goldstein and Kelley Workman represented the seller.

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Wolff Cos. purchased 521 acres on U.S. 290 in Waller to develop a 251-acre business park seeking to benefit from access to the freeway for light industrial and distribution to office and retail. Long Lake Ltd. purchased the northernmost 270 acres to build a master-planned residential community totaling about 1,000 homes. 

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6750 Bender Road Ltd. purchased a 76K SF industrial building at 6750 Bender Road on 30 acres in Humble. Lee & Associates - Houston’s Mike Spears and Robert McGee represented the buyer. The seller was RBIP Transportation LLC.

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An undisclosed buyer purchased 6 acres of commercial property on Cullen Boulevard for $865K. DN Commercial’s Danny Nguyen represented the undisclosed seller.

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An undisclosed buyer purchased 1.5 acres of commercial land on FM 1092 in Missouri City for $689K. DN Commercial’s Danny Nguyen represented the undisclosed seller.

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An undisclosed buyer purchased a 61K SF retail center on Texas Parkway in Missouri City for over $6M. The center is anchored by Dollar General, City Trends and Shipley’s Donuts. DN Commercial’s Danny Nguyen represented the buyer. Agate Properties’ Eugene Wang represented the undisclosed seller.

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AAA Asphalt Paving Inc. purchased a 19K SF industrial building at 19156 Circle Lake Drive in Pinehurst. The company will relocate to this new location from 10526 Tanner Road, which is available for lease. NAI Partners’ Travis Land represented the buyer. Caldwell Cos.’ David Claros represented the seller.

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Fein purchased 3.4 acres to develop Reverie at River Hollow, a luxury multifamily community near Post Oak Park Drive and River Hollow Land in Uptown Houston. The community will feature 304 units with a selection of studio and one-, two- and three-bedroom apartments and is expected to break ground in August and wrap up in the fourth quarter of 2020.

LEASES

RAE Security signed a 10K SF lease at 7102 West Sam Houston Parkway in Houston. Newcor Commercial Real Estate’s Ryan Dierker represented the tenant. 

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Unleaded Communications Inc. signed a lease for 12K SF of office space at 1814 Memorial Drive in Houston. Lee & Associates - Houston’s Travis Taylor, Chris Nash and Cooper Bagheri represented the tenant.

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Crosspoint Communications Inc. signed a lease for a 10K SF industrial building at 8707 Fallbrook Drive in Houston. Lee & Associates - Houston’s Patrick Wolford and Preston Yaggi represented the landlord, 8707 Fallbrooke Drive LLC. Blair Cherry Real Estate's Blair Cherry represented the tenant. 

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Pho L’amore, a 2,800 SF Vietnamese Noodle and Cuisine restaurant, signed a lease at Shadow Creek Shopping Center. DN Commercial’s Danny Nguyen represented the landlord.

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The Center for ENT signed a lease for 20K SF at 4189 Bellaire Blvd. in Houston. Triple Crown Investments’ John Morton represented the landlord, MM Bellaire One L.P. Moody Rambin's Josh Marcell and Ryan Fassett represented the tenant.

DEVELOPMENT

Life Time announced plans to open its second of three new locations in Houston at 19250 Gulfbrook Drive. The Baybrook location is set to open in the fall. The 123K SF facility is an athletic fitness, tennis, family recreation, spa, aquatic and country-style resort. The two-story club will also tout a nutrition-focused LifeCafe fast-casual restaurant, LifeSpa, a full-service salon and spa, and Kid’s Academy. 

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Wholesome Kitchen and Wholesome Pies is opening at Redemption Square, Generation Park’s 52-acre mixed-use lifestyle district. This is the first venture outside of the loop for local restaurateur Michael Collins, who runs many popular spots in the Inner Loop, including The Fish in Midtown. The two concepts will share a 7,677 SF shaded patio space at 250 Assay St., a mixed-use office building. Wholesome Kitchen will offer an all-organic seasonal menu with gluten-free and vegetarian options. Wholesome Pies will serve wood-fired pizzas with a seasonal menu with all organic ingredients.  

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Meadowlake Pet Resort & Training Center plans to open a second pet resort at 6393 Richmond Ave. in the fall. The two-story 20K SF facility offers services including lodging, day care, training and grooming.

THIS AND THAT

LandPark Commercial LLC has been named the exclusive leasing company for 11821 East Freeway, a 79K SF office building in Houston. The company is a subsidiary of LandPark Advisors LLC, a Houston-based real estate management and investment company. The multi-tenant property provides quick access to Interstate 10 and is near Port Houston.

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Robert Clay, who leads Clay Development & Construction Inc., and his wife, Emily Clay, have pledged $10M to the Memorial Park Conservancy, a 10-year master-plan project with funding by a public-private partnership, according to the Houston Business Journal. The project will cost up to $205M. Kinder Foundation is chipping in $70M.