HOUSTON – (Realty News Report) – Greg Usher of Cypressbrook Company represented the landlord, Rivershire Office Plaza, in the leasing of 32,079 SF of office space at 333 N. Rivershire Drive in Conroe. Nick Terry of NAI Partners represented the tenant, Elite Supply Partners, Inc.
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Subsea 7, LLC signed a 64,819 SF lease to expand its office at Westgate 1, 17220 Katy Freeway, Houston. Philip Price from NKF represented the tenant. Outside agents were from Jones, Lang & LaSalle and Cushman & Wakefield. The landlord is Atkins North America Inc.
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Jeff Beard, from The J. Beard Real Estate Company, represented the seller, Caduceus Management, in the sale of Legends Sports Complex at 602 Pruitt Road in Spring. The buyer, Church Project, was represented by Kevin Barr of Mohr Partners. The property will be the new home of Church Project, currently located at 295 Sawdust Road in The Woodlands. The property is located on 14.79 acres along the west line of Pruitt Road and Budde Road.
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Bluware Inc. signed a new lease for 27,400 SF in The Offices at Park Ten, 16290 Katy Freeway, Houston. Andy Grimm, Andy Iversen and Kaitlyn Johnson from NKF represented the tenant. Pollan Hausman Real Estate Services LLC was also assigned to the project. The landlord is FSP Park Ten Phase II, LP.
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Los Compas Distributions, Inc. has leased 12,000 SF at Beltway Industrial Park, 6525 Cunningham Road in Houston. Also, Bernard Specialties Inc. leased 21,260 SF in Suite C at the same location. Trent Vacek of CMI Brokerage represented the landlord, Blum Beltway, in both transactions.
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HDR Engineering, Inc. renewed its lease for nine years and expanded to 26,340 SF at 613 NW Loop 410. Kacie Skeen represented the landlord, Hartman Income REIT, while Fiona Forkner with Jones Lang LaSalle represented the tenant.
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Jack Gaffney with Finial Group represented the buyer, CBS Rentals, LLC, in the purchase of a 10,462 SF office building at 831 Crossbridge Drive in Spring. Jerrod McQuain with JLL represented the seller in this transaction.
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The Work Well, a northwest Houston executive suite and co-working community celebrating its second anniversary, has added a high-end podcast studio where Work Well members and non-members can produce podcasts and voiceovers for various business uses. The Work Well, at Highway 290 and FM 1960, was developed and is managed by Caldwell Companies
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Core Geologic, LLC, has obtained a five-year lease for 3,054 SF at 16420 Park Ten Place in Houston. Richard Maloof represented the landlord, Hartman Income REIT while J. Carter Breed from J. Carter Breed Inc. represented the tenant.
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Goldstar Investments extended a 67,200 SF industrial lease at Freeport/Royal Trade Center, 8600 N. Royal Lane in Irving. John Wolf of Newmark Knight Frank represented the tenant. Lee & Associates-D/FW also worked the transaction. The landlord is Siemens Real Estate Inc.
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Novetus renewed a lease for eight years and expanded to 8,864 SF at 11200 Westheimer Road in Houston. Richard Maloof represented the landlord, Hartman Income REIT, while Novetus represented itself.
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YogaSix is coming to Creekside Park West, the newest retail component in Creekside Park Village Center in The Woodlands, it was announced by the Howard Hughes Corporation. This new sensory yoga experience studio will offer a variety of classes, from strength and agility to flexibility and balance. YogaSix will open later this spring and occupy 1,945 SF.
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QVAL Property Advisors, LLC, renewed its lease for 10,420 SF feet at 15995 North Barkers Landing Road in Houston for six years. Richard Maloof represented the landlord, Hartman Income REIT, while CBRE represented the tenant
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Joyce Sterling of Cypressbrook Company represented the tenant, Brunel Y. Sucar, Inc.,in the leasing of 14,717 SF of flex space at 15864 W. Hardy Road, Houston. Lee Paris of Warehouse Associates represented the landlord.
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Elsewhere in Texas
Newmark Knight Frank (NKF) announces that Distribution Management, Inc. has obtained a 191,360 SF industrial lease at 4695 Clover Haven Street in Dallas. NKF’s Art Leichner and Andrew Crites represented the tenant. The landlord, Exeter Property Group, represented itself.
NKF also represented DM in 985,904 SF of lease expansions in 2019 and 2020, including the Dallas lease and others at 1495 Dennison Circle in Carlisle, Penn. and 1001 Premier Parkway in St. Peters, Mo. NKF’s Chris Kutzler represented the tenant in Pennsylvania and Leichner and Crites cooperated with Newmark’s Kevin McLaughlin and Dan Lesinski in Missouri.
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The Sheraton Dallas Hotel, Downtown Dallas’ largest hotel, has completed the final phase of its multimillion dollar renovation project. The makeover included all 1,840 guest rooms, public areas, food and beverage outlets and the 230,000 SF of meeting space. FlickMars designed the hotel, and the architect was DLR Group. Swinerton served as general contractor.
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Bright Realty recently received approval from the City of Lewisville that allows for build-out of the firm’s Crown Centre mixed-use development. Crown Centre, on 140 acres at the southwest corner of SH 121 Business and the SH 121 frontage road, includes up to 2,000 multifamily units, three million square feet of office space, up to 500 hotel rooms and covered parking. Crown Centre will also have three open spaces with lakes and trails connecting its 35 buildings, outdoor event space and 140,000 square feet of other non-residential commercial uses including retail and open green space. Already under construction is Crown Centre’s four-story Class A office building with 109,000 rentable SF. at the southern end of the development. Construction is currently 60 percent complete with a delivery date of mid-2020.
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Elsewhere in the Nation
CBRE has announced the sale of a 3.3-acre tract at 166th Street South and Highway 75 to local development group, ET&T Land Holdings, LLC. Dwayne Flynn and Ryan Shaffer, with CBRE in Tulsa, represented the seller, South 75, LLC.Plans for the site include an industrial development consisting of high-end garage condos and industrial flex space with the potential for retail or office use.
March 16, 2020 Realty News Report Copyright 2020
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