Real Estate Market News: Daily Briefs & Key Updates

1919 N Loop West

Formwork Services & Supply LP has leased 217,800 square feet of industrial space on five acres at 2200 Lauder Road in Houston. Glynn Mireles of CBRE Houston represented the tenant, while Carlton Anderson of CBRE Houston represented the landlord, Allied Stone, Inc.

Harvest Market will open its fourth Houston-area store in Woodforest, a 3,000-acre master-planned community surrounding Woodforest Golf Club in south Montgomery County. The new store will occupy 40,000 square feet and will feature grocery offerings and a variety of restaurants serving different cuisines. Located in Woodforest’s Pine Market retail center, this will be the largest Harvest Market to date and is scheduled to open late this year.

NAI Partners recently arranged a 2,906-square-foot office lease for BGN at 2 Houston Center. Griff Bandy of NAI Partners represented the tenant. BGN International’s operations include trading, storage and transportation of petroleum and petrochemical products and other commodities for customers worldwide.

The Houston Trust Company is relocating its headquarters to 3737 Buffalo Speedway, where it has leased 13,371 square feet. CBRE’s Weldon Martin represented The Houston Trust Company in the deal. Madison Marquette represented the landlord, Houston 3737 Buffalo, LP.

A Texas-based all-cash buyer outbid national offers to acquire the Christian Brothers Automotive location at 9245 S. Sam Houston Parkway. The recently built facility totals more than 5,000 square feet and has more than 11 years remaining on its lease. Jared Aubrey, senior vice president, and Michael Austry, vice president, both with CBRE, represented the seller. Chris Adams of The Staubach Company represented the buyer.

NAI Partners also arranged a 3,817-square-foot office sublease for Auterra Resources at 1 Riverway. Griff Bandy of NAI Partners represented the tenant. Auterra Resources focuses on maximizing value from the 40,000-acre Eagleville Field in Gonzales County, producing hydrocarbons from the Eagle Ford Shale and Austin Chalk formations.

HomeGoods Inc. has leased a 20,000-square-foot space in the Weslayan Plaza Shopping Center at Weslayan and Bissonnet streets. Culver Stedman of EDGE Realty Partners represented HomeGoods, while Regency Centers represented the landlord.

NAI Partners recently negotiated a 12,084-square-foot office lease for Ham, Langston & Brezina, LLP at 11550 Fuqua Street. Griff Bandy of NAI Partners represented the tenant. Ham, Langston & Brezina provides business solutions aimed at helping financial institutions reduce tax liabilities, improve profitability, strengthen strategic effectiveness and expand operational capabilities.

Energy Recovery, Inc., a developer of pressure-energy technology for industrial fluid flows, has signed a lease for a new commercial development center in Energy Park West Business Park in Katy. The four-acre site will serve as the central office for the company’s oil and gas segment and will include a 25,000-square-foot building to house advanced equipment, plus a two-acre yard for field testing and product development. The tenant was represented by Bob Berry and Jacob Bravo of Avison Young–Texas, LLC. The landlord, FS Clay LLC, was represented by Mark Kidd Sr. and Mark Kidd Jr. of M Kidd Properties, Inc.

Berkadia arranged joint-venture equity for the acquisition of a 129,250-square-foot medical office building at 1919 N. Loop West in Houston’s Heights neighborhood. The property was acquired by an affiliate of Simpkins Group Inc., a commercial real estate development and investment firm. The seller was Houston-based real estate investment firm Weingarten Realty Investors. Cutt Ableson, Mark Crosswell and Colin Marusak of Berkadia’s Houston office placed the joint-venture equity with a Houston-based private equity partner.

Feb. 5, 2019 Realty News Report Copyright 2019