RNR Real Estate Market Briefs: News & Trends Today

HOUSTON – (Realty News Report) – Prime Natural Resources has leased 23,782 SF of office space in a sublease at the former One Shell Plaza, 910 Louisiana St., Houston, from Shell Oil Co., the landlord. NKF brokers Michael Lisch, John Luck and Joshua Brown handled the transaction.

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Reed Vestal, Taylor Schmidt and John Erck of Lee & Associates – Houston represented 290 Commerce Center Venture, LLC in the purchase of 37 acres on Cypress North Houston Road in Cypress. Lee & Associates – Houston brokered the acquisition.

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The Cookshack has leased 3,431 SF of retail space at Washington Central, 4015 Washington Ave., from DZ Washington, LLC. Ashley Strickland and Nick Ramsey of NewQuest Properties represented the landlord, while Kyle Anz of HGA Holdings, LLC represented the tenant.

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Reed Vestal and Taylor Schmidt of Lee & Associates – Houston represented Vigavi Pasadena Blvd, LLC in the purchase of two industrial properties totaling 9.73 acres at 4116 and 4222 Pasadena Blvd. in Pasadena. Lee & Associates – Houston represented the buyer; Vince Elder with Service Realty Inc. represented the seller, LINC Ministries International.

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Chipotle Mexican Grill has leased 2,483 SF of retail space at Four Corners, 9318 Highway 6 S., Houston, from CFT NV Developments LLC. Andrew Alvis of NewQuest Properties represented the landlord, and Traci Holman of Baker Katz represented the tenant.

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United Fire & Casualty Co. extended a 46,068 SF office lease at Galaxy II, 455 E. Medical Center Blvd., Webster. Andy Iversen, Griffin Rich and Kaitlyn Johnson from Newmark Knight Frank represented the tenant. The landlord is Galaxy II, LLC.

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JX Nippon Oil Exploration (USA) Ltd. secured a new 12,915 SF office lease at the Thirty-Forty Post Oak Building, 3040 Post Oak Blvd., Houston. John Luck, Andy Iversen and Kaitlyn Johnson from NKF represented the tenant; CBRE also participated. The landlord is MCP 3040 Post Oak, LLC.

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Accu-Tech Corporation extended a 22,950 SF industrial lease at West Road Business Park I, 9790 West Road, Houston. Bob Luttrell from NKF represented the tenant, with agents from CRESA Partners also involved. The landlord is EastGroup Properties, LP.

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AT&T has leased 2,055 SF of retail space at Four Corners, 9318 Highway 6 S., Houston, from CFT NV Developments LLC. Andrew Alvis of NewQuest Properties represented the landlord, and Elliott Bridger of Streetwise Retail Advisors represented the tenant.

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Lee & Associates – Houston represented CEJ Holdings, LLC in the sale of a 15,500 SF industrial property at 2003 Wilson Road in Humble, Texas. Patrick Wolford represented the buyer and Blake Gibson represented the seller.

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DeLong Automotive Group, LLC leased a 9,750 SF industrial space at 13014 Brittmoore Park Drive in Houston. The asset was purchased by Finial Group in partnership with Senterra as part of a programmatic fund that aggregates industrial buildings in Texas and is on target to acquire more than $100 million in similar properties. Matt Thomas with Flatrock Companies represented the tenant, and Finial Group represented the landlord.

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Willis Hillside RV Resort, LLC purchased 20 acres at 13390 E. FM 1097 in Willis from Sam and Zina Bosworth. Randy Nerren of NewQuest Properties represented the buyer. David Alexander of Newcor Commercial Real Estate represented the seller.

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Reed Vestal and Taylor Schmidt of Lee & Associates – Houston represented Vigavi Zen, LLC in the lease of a 29,954 SF industrial property at 4111 Greenshadow Drive in Pasadena, Texas. Lee & Associates – Houston represented the landlord, while Carlton Anderson with CBRE represented the tenant, Johnson Controls, Inc.

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EEPB Company extended a 28,987 SF office lease at Brookhollow Central III, 2950 North Loop W., Houston. Reggie Beavan III and Kaitlin Johnson from NKF represented the tenant. The landlord is Hertz Houston Brookhollow, LP.

March 23, 2020 Realty News Report Copyright 2020

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