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  • Real estate transactions: Companies pick new offices in Westchase

Transwestern Commercial Services completed 187,054 square feet of office leases at Westchase Park I and II at 3700 and 3600 W. Sam Houston Parkway North. LJA Engineering, represented by Anthony Squillante and Dustin Devine of Stream Realty Partners, leased 90,989 square feet; Centurion Pipeline Co., represented by Lonna Dorman of Transwestern, leased 28,078 square feet; and ABB, represented by Beau Bellow and Josh Hirsch of JLL, renewed its lease for 67,987 square feet. The new tenants will take occupancy in the first half of 2020. Transwestern’s Eric Anderson, Parker Burkett, and Katy Gragg represented the owner, Clarion Partners. The 569,825-square-foot Westchase Park office complex has a freestanding amenity center with a Citrus Kitchen restaurant, fitness center with locker rooms and tenant conference center with seating for up to 100.

American Cross-Dock & Storage, a family-owned and operated logistics company led by president and CEO Deborah Bressie, signed two leases totaling 146,863 in Pasadena. The company leased 102,863 square feet of industrial space at 9701 New Decade Drive in the Bayport North Logistics Center I, from Triten Real Estate Partners, for storage and distribution, and subleased 44,000 square feet at 13225 Bay Park Road for drayage and cross-dock services. Bob Berry and Grant Hortenstine of Avison Young represented the tenant, while Jason Dillee and Andrew Jewett of CBRE represented the landlord. The company has more than doubled its space since being founded in March 2018. It provides warehousing, trans-loading, fulfillment and packaging services to the Greater Houston area.

Houston-based Hartman Income REIT purchased a three-property office portfolio totaling 254,225 square feet from New York-based HighBrook Investors. JLL Capital Markets, led by Martin Hogan, marketed the property on behalf of the seller and procured the buyer. The portfolio consists of 16420 Park Ten and 1400 Broadfield in the Energy Corridor’s Park 10 Business Park, as well as 7915 FM 1960 near Willowbrook Mall in northwest Harris County. The portfolio is 55 percent leased.

Deugro (USA) leased 16,625 square feet at 480 Wildwood Forest Drive, The Woodlands, for the relocation of its headquarters. Weldon Martin with CBRE represented the tenant. Steve Rocher and Jason Presley of CBRE represented the landlord, GeoSouthern Budde RD LLC.

Humble Independent School District purchased a 50-acre site at the intersection of Will Clayton Parkway and Rustic Woods Drive. The property was purchased from Lennar Homes of Texas for a future elementary school. Mark Wimberly of Houston Commercial Development represented the buyer.

A local investor purchased The Place at Greenway, a 219-unit garden-style apartment complex at 3333 Cummins St. Chris Curry, Todd Marix, Joey Rippel, Chris Young and Bailey Crowell of JLL represented the seller, Redwood Capital Group. Michael Johnson and Tolu Akindele of JLL arranged a five-year, fixed-rate acquisition loan from Ready Capital for the new owner. The property, on 6 acres near Richmond Avenue and Weslayan in the Greenway Plaza area, consists of 15 two-story residential buildings built in the early 1960s. The complex is 95 percent leased.

Oldham Goodwin Capital, in partnership with MGroup + Architects, broke ground on the second phase of Catalon at Lago Mar apartments at 6130 Lago Mar Blvd. in Texas City. The addition will bring 170 units ranging from 715 to 1,417 square feet in four buildings. Completion is planned in November 2020.

Brookdale Home Health leased 3,046 square feet of office space at 15425 North Freeway. Trey Martin of NAI Partners represented the tenant.

Blackstone Builder renewed a lease for 1,124 square feet at 2401 Fountain View Drive. John Buckley with Finial Group represented the landlord.

ESA Business purchased 2.2 acres at the southeast corner of Will Clayton Parkway and South Houston Avenue in Humble for a future fueling station and retail center. Mark Wimberly of Houston Commercial Development represented the seller, Doyle Bond Family Partnership.

 

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