HOUSTON –(Realty News Report) – Sempra LNG has subleased 66,772 square feet at 1500 Post Oak Blvd., an office tower in Uptown Houston. Paul Penland and Graham Horton with CBRE Houston represented the subtenant. Tim Relyea and Morgan Relyea Colt with Cushman & Wakefield of Texas, Inc. represented the sublandlord, BHP.
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HaiDiLao Hotpot has leased 6,295 square feet of restaurant space at Katy Grand, located at Interstate 10 and the Grand Parkway (TX‑99) in the Katy/Greater Houston area, from NewQuest Properties. Heather Nguyen and Rebecca Le of NewQuest represented the landlord. Pierre Yu, an independent Houston broker, represented the tenant.
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Lee & Associates – Houston represented Southern Star Buske, LLC in the sale of 18 acres on Conroe Park West Drive in Conroe. Mike Spears and Trey Erwin of Lee & Associates – Houston represented the buyer.
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Bk Yale, Ltd. sold an 8,200 square foot office building on 0.54 acre at 204 W. 19th St., Houston, to Cedar Street Partners, LP. Scott Carter with CBRE Houston represented the buyer, while Matthew Berry and Robbie Kilcrease with CBRE Houston represented the seller.
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Pearland Group Investments has purchased 6.15 acres at 14923 Hooper Road in Pearland from Thao Hoang. Brad LyBrand of NewQuest Properties represented the seller. Steve Dome of Marathon Realty Advisors represented the buyer.
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Othon, Inc. has signed a new 13,761 square foot office lease at 575 North Dairy Ashford in Houston. The tenant was represented by Gary Lawless and Dustin Cruz with Cresa. Steve Rocher and Kristen Rabel with CBRE Houston represented the landlord, I‑10 EC Corridor #2 Limited Partnership.
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Lee & Associates – Houston represented Williams Brothers Construction Company in the sale of 15.32 acres along Highway 90 in Houston. Frank Blackwood and Trey Erwin of Lee & Associates – Houston represented the seller, while Stephen Schneidau with Cushman & Wakefield Houston represented the buyer, IDEA Public Schools.
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ACF Pyrotechnic, LLC secured a 13,010 square foot industrial lease for space at 2413 South Houston in Pasadena, Texas. Doc Perrier with Finial Group represented the tenant.
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Holman Fenwick Willian USA renewed its office lease for 21,074 square feet at 5151 San Felipe in Houston and plans to expand. Drew Morris and Jim Bell with Savills were brokers for the tenant. Jason Presley and Warren Savery with CBRE Houston represented the landlord, Granite Barnhart Sage Plaza, LP.
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Global development and construction firm Skanska announced that its new Bank of America Tower in downtown Houston received a three‑star Fitwel rating, a certification that evaluates building design and operations for human health and well‑being.
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Chemical & Engineering, Inc. renewed an office lease for 8,813 square feet at 2100 Space Park Drive in Houston. Missy Downey with CBRE Houston represented the tenant. Ace Schameus and Jenny Seckinger with Colliers represented the landlord, TechTrans International, Inc.
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Woodlands‑based adWhite Marketing & Design relocated its headquarters to the Magnolia Crossing development in Magnolia, Texas. Newcor Commercial Real Estate handled lease negotiations. Ryan Dierker and Matt Gonzales of Newcor represented the tenant in acquiring 1,521 square feet of office space at 33300 Egypt Lane.
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HRD Interests, LLC purchased an 11,187 square foot building on 0.72 acre at 2409 Airline Drive, Houston, from Sam A. Messina, trustee of the Lillie G. Messina Exempt Bypass Trust. Chris Dray and Alex Wright of NewQuest Properties represented the buyer. Pam Messina of Messina Properties represented the seller.
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Newmark Knight Frank was involved in several recent Houston transactions, including:
Owens & Minor Distribution, Inc. renewed a 124,044 square foot industrial lease at the Owens & Minor Building, 2700 Brittmoore Road. Jim Cooksey and Adam Faulk of NKF represented the tenant. Outside agents included Stream Realty Partners and G&I IX Kempwood, LLC, the landlord.
Interface EAP extended its office lease for 5,017 square feet at 2424 Wilcrest Drive. Greg Marconi of NKF represented the tenant; LandPark Commercial also participated. The landlord is Sunblossom Wilcrest 2424, LLC.
Derby Management, LLC obtained an office sublease for 4,337 square feet at 675 Bering Drive. Philip Price of NKF represented the tenant; Cushman & Wakefield representatives were also involved. The landlord is Encino Energy, LLC.
Evergreen Shipping Agency (America) Corporation extended its office lease for 1,451 square feet at West Loop I, 6565 West Loop South in Bellaire. Garrison Efird of NKF represented the tenant. Pacific Oak Capital Advisors and PM Realty Group also participated. The landlord is Keppel‑KBS West Loop I and II, Inc.
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HSF Affiliates, LLC renewed its lease for 5,686 square feet at 11000 Richmond Ave., Houston. Ashley Casterlin with Davis Commercial represented the tenant. Kristen Rabel, Steve Rocher and Nina Seyyedin with CBRE Houston represented the landlord, Woodbranch 11000 LLC.
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JLL Capital Markets arranged a $20 million refinancing for Sam Houston Crossing II, a 160,000 square foot office property in northwest Houston. JLL worked on behalf of borrower Buchanan Street Partners to secure a five‑year loan at 4.0% from East West Bank. The JLL Capital Markets team was led by John Ream and Laura Sellingsloh.
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Parsons Mcentire McCleary, PLC renewed its office lease for 6,473 square feet at One Riverway in Houston. Jim Bailey at Cushman & Wakefield represented the tenant. Kristen Rabel, Parker Duffie and Marilyn Guion with CBRE Houston represented the landlord, Riverway Holdings, LP (South Post Oak).
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Hackbarth Delivery Service, Inc. signed an industrial lease for 49,701 square feet at 1350 Salford Drive, Houston, for its new location. Harper Gully with CBRE Houston represented the tenant. Ed Bane with Bridge Commercial Real Estate represented the landlord, Stonelake Capital Partners.
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Cornil‑Rowan Houston Ltd. sold a 29,250 square foot industrial property on 2.31 acres at 300 Bammel Westfield in Houston to Archway Properties, LP. Bill Rudolf and Kyle Golding with CBRE Houston represented the seller. The buyer represented itself.
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Lee & Associates – Houston represented Nazar Invest, Inc. in the sale of a 7,000 square foot industrial property at 15015 Fondren Road in Missouri City, Texas. Preston Yaggi and Cameron Hicks of Lee & Associates – Houston represented the seller. Brett Dishman with Boyd Commercial, LLC represented the buyer, Jacob Ponniah.
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Ravago Americas, LLC sold 220,000 square feet of industrial property on 175 acres at 18314 Mathis Road in Waller, Texas, to LHG Real Estate, LLC. Jim Stark with CBRE Houston represented the seller.
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Coca‑Cola Southwest Beverages, LLC sold 69,908 square feet of property on 6.4 acres at 5800 Surrey Square in Houston to Industrial Fabrics, Inc. The seller’s representatives were Brendan Lynch, Darin Gosda and Glynn Mireles with CBRE Houston.
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The Nancy Davis Kimbrell Trust sold 9.34 acres on Karalis Road in Houston to The Square. Darin Gosda with CBRE Houston represented the seller. The buyer’s representative was Srini Gogineni with Prime Gain Realty. CBRE also handled the sale of nearly 10 acres to an adjacent ownership group.
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Partners arranged a 13,817 square foot office lease renewal and planned expansion for Advance Energy Partners, LLC at 11490 Westheimer Road in Houston. Partners’ Dan Boyles represented the tenant. The landlord, Hertz Westchase Park Plaza, was represented by Kurt Kistler at Moody Rambin.
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Panjwani Energy Properties, LLC purchased a 0.43‑acre tract at 5410 Laird St., Houston, from Little Gear LLC. Chris Dray of NewQuest Properties represented the seller in the direct transaction.
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Quail Corner, LLC sold 7.61 acres of retail land at 2120 Texas Parkway in Missouri City, Texas, to JTRE Holdings, LLC, which plans to redevelop the shopping center. Buyer representatives were Brian Ashby and Sydney Dixon with CBRE Houston.
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Phenix Salon Suites signed a new lease for 6,950 square feet at 947 Gessner in Houston. Brian Ashby and Sydney Dixon with CBRE Houston represented the tenant. Brooks Shanklin with Edge Realty Partners represented the landlord, Blex Exchange, LP.
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Real Estate Transactions Elsewhere in Texas
NAI Partners Austin arranged a 2.78‑acre land purchase for Spark Root Development & Construction at 8534 S. Congress Ave. in Austin. NAI Partners’ Troy Martin represented the buyer. Joe Willie McAllister of McAllister & Association represented the seller.
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NAI Partners San Antonio arranged the sale of more than 350 acres across two transactions. In the first, NAI Partners’ Brett Lum represented the seller in a 93.244‑acre sale to SA Round Rock, LLC at Green Valley Road in Cibolo, Texas. In the second, Brett Lum and Carlos Marquez represented the buyer in a 260.22‑acre sale to Oelkers at County Road 445 in Hallettsville, Texas.
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Angela Chen, an associate in the retail division at Henry S. Miller Brokerage, and Jim Turano, an executive in the office division, represented Walnut Hill McArthur, LLC in the purchase of a 19,952 square foot, one‑story office building at 1320 West Walnut Hill in Irving. Tyler Maner and Tim Terrell with Stream Realty represented the seller, Walnut Hill Property, LP. The buyer is an acupuncturist who plans to convert the building into a comprehensive integrative medical center.
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JLL Capital Markets closed the sale of Marketplace at Towne Center, a 180,522 square foot retail center in Mesquite, Texas, on behalf of seller Retail Value Inc. A private local investor purchased the asset. Situated on 20.48 acres, Marketplace at Towne Center is at the northwest corner of US 80 and Interstate 635 (Lyndon B. Johnson Freeway).
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CBRE announced that Tanium, a California‑based technology management and security company, leased 12,992 square feet of office space at Spectrum Center, 5080 Spectrum Drive in Addison. Preston Lynn, Clay Vaughn and Nick DeMartini with CBRE represented Tanium. Aarica Mims and Burson Holman with Granite Properties represented the landlord.
Feb. 3, 2020 Realty News Report Copyright 2020
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