This Week's Houston Deal Sheet
A new luxury apartment is coming to the Heights.
The 12-story community features high-end units and includes a three-level concrete garage at 510 West 20th St., Houston.
The multifamily development will have one- and two-bedroom floor plans ranging from 850 SF to 1,900 SF. Penthouses will be available on level 12 ranging from 1,700 SF to 2,300 SF.
On-site amenities include a clubroom, a business center, fitness and yoga rooms, a resort-style pool with an outdoor kitchen and a high-end sky lounge on the top floor.
“We are excited to be a part of the growing Heights area and provide luxury living choices for future residents," Meeks + Partners partner Trevor Meeks said. "The Heights community is a great place to live and play.”
The project is designed by Houston-based architect Meeks + Partners and developed by Greystar.
EXECS
Jimmy Hinton was hired as senior managing director of Investments & Analytics at Transwestern. He will serve on the firm's executive committee and board of directors and will direct investment and analytics initiatives across three Transwestern companies. Previously with HFF, Hinton provided analysis of economic, property and capital market trends for a wide range of commercial property types. During that time, he supported more than 150 transactions totaling more than $4.5B in 20 states.
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Connie O’Murray joined JLL Houston as managing director. She will work closely with local leadership to expand healthcare, office and industrial property management services. She will continue to provide leadership and regulatory compliance expertise to JLL's national healthcare clients, including Dignity Health, Adventist Health and Texas Children’s.
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Nick Terry was promoted to vice president of NAI Partners' office tenant rep group.
SALES
BT Cobb Development LLC purchased a 30.35-acre tract at CR 622 and Stoesser Road, Dayton. NewQuest Properties' Brad Elmore and Leggett Ventures' John Leggett represented the seller, Liberty Grand Partners L.P. Re/Max The Woodlands' Jerry Walker and Bill Smith represented the buyer.
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Investment Property Exchange Services Inc. acquired a 99K SF industrial property at 701 Plastics Ave., Houston. Lee & Associates' Trey Erwin and Dalton Knipe represented the buyer. Read King represented the seller, Usha Martin Americas Inc.
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An undisclosed buyer purchased 1.72 acres at Farrington Street and Fairmont Parkway in La Porte. Retail Solutions' Jeff Fralick, Martin Turner and Taki Dallis represented the seller.
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An undisclosed buyer acquired the Plaza at Bellaire, a 16K SF shopping center at 5901 Bellaire Blvd., Houston. Tenants include Cici’s Pizza, Metro PCS and Houston City Dental. Marcus & Millichap's Justin Miller and Davis Hansen represented the seller, a Houston-based partnership.
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CG7600 L.P. purchased the Kempwood Tech Center, a three-building industrial warehouse portfolio totaling 113K SF in Northwest Houston. Situated on 7.2 acres at 2700-2778 Bingle Road, the one-story, Class-B buildings feature between 14- and 16-foot, 30 grade-level loading doors and a varying amount of office space. HFF's Martin Hogan and Charles Strauss represented the seller, LNR Partners LLC. Garver Real Estate's Scott Wilkerson represented the buyers.
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An undisclosed buyer acquired U-Stuf-It, a 228-unit self-storage facility at 12151 Ormandy St., Houston. Marcus & Millichap's Dave Knobler represented the seller and the buyer.
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An undisclosed buyer purchased All Purpose Storage, a 31K SF storage facility in Spring. Marcus & Millichap's Dave Knobler and Chico LeClaire represented the seller.
LEASES
Harris County inked a 49K SF office lease at 13105 Northwest Freeway, Houston. The Harris County Engineering Department - Recovery and Resiliency Division, Harris County Flood Control District and the Community Services Department will occupy offices on the fourth and sixth floors to increase the number of professionals necessary to deliver flood-risk reduction projects throughout the county. The county is expected to move into the space in July. Beeman Strong & Co. represented the tenant. Avison Young's Sam Hansen, Doug Pack and Jonathan Cohen represented the landlord, NW Crossing Management LLC.
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Educational Products Inc. signed a 53K SF industrial lease at 9010 West Little York Road, Houston. NAI Partners’ Jake Wilkinson represented the tenant.
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Cactus Flow Products LLC leased a 29K SF industrial property at 325 Lockhaven Drive, Houston. Lee & Associates' Clint Hankla and Chase Cribbs represented the landlord, Hema & Angels Partnership Ltd. Jones Lang LaSalle Brokerage Inc.'s David Buescher represented the tenant.
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Gallery One leased 12K SF at Tejas Center at 1208 South Frazier St., Conroe. Retail Solutions' Jim Thompson represented the landlord.
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Teachers of Tomorrow LLC signed a 22K SF office space at 2401 Fountain View, Houston. Finial Group' William McCarthy and John Buckley represented the landlord, Fountain View Office Center LLC. Spear-It Building Services' Matt Dunn represented the tenant.
DEVELOPMENT
New York City-based real estate developer DMG Investments LLC is relaunching Auden Houston, previously known as Savoy Apartments and previously managed by Peak Campus, at 5500 Sampson St., Houston. The student housing brand will be managed by the DMG team. Auden Houston is under renovation and is expected to be completed by the end of August. The 162-unit furnished and unfurnished community features one- to four-bedroom floor plans with full-size washer/dryer, upgraded new kitchens and enhanced on-site security network. On-site amenities include a pool, a parking garage and a clubhouse with WiFi.
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GreenSpace Self-Storage LLC is constructing a 1,000-unit self-storage development at Kingsley Drive and Shadow Creek Parkway in Pearland. The Class-A facility will offer 100K SF of rental space with a variety of climate-controlled options. The two-building, three-story complex will feature 24-hour surveillance, electronic access control and a retail-oriented customer service office. JLL's Chris Bergmann Jr. represented GreenSpace in the acquisition of the 2.4-acre tract.
