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Clear Sky Capital Buys Greenspoint Apartments

HOUSTON – (Realty News Report) – Clear Sky Capital of Phoenix has acquired the 192-unit North Park Apartments, 90 Northpoint Drive, in the Greenspoint area. The project is located south of Beltway 8 and east of Interstate 45, south of Greenspoint Mall. CBRE Capital Markets’ Debt & Structured Finance team has arranged $10 million in financing for the purchase with ... Read More »

$78 Million Foreclosure: Northwestern Mutual Takes Greenspoint Office Project from Hines/GM

HOUSTON – Lender Northwestern Mutual Life Insurance has taken over a Hines/General Motors Pension Fund office project in the Greenspoint area in a foreclosure proceeding. The Greenspoint office market suffered when Exxon Mobil vacated 2 million SF and the Greenspoint office market has an ugly 43 percent office availability rate, the worst in the city, according to CBRE Research. Hines ... Read More »

Redevelopment of Greenspoint Mall?

HOUSTON – Greenspoint Mall, once one of the premier regional malls in Texas, is being marketed as a redevelopment opportunity. Greenspoint Mall, which opened in 1976, was a retail powerhouse in its heyday. However, the 1.4 million square foot north-Houston mall was bypassed long ago by The Woodlands Mall as growth moved northward. Lord & Taylor, J.C. Penney, Montgomery Ward ... Read More »

Champions Pipe Leases Office Space in Greenspoint

HOUSTON – Champions Pipe & Supply has leased space at 4 Greenspoint Place, a Hines office property, according to Colvill Office Properties. 4 Greenspoint Place, a 403,384-square-foot Class A office building, is located in the 36-acre Greenspoint Place mixed-use office/retail development at 16925 Northchase Drive. The buildings at Greenspoint Place, originally developed by Friendswood Development, were completed between 1978 and ... Read More »

34 Greenspoint Buildings Being Purchased Next Week

HOUSTON – Turbine giant HPI Holdings, a Houston based firm, will buy 34 buildings totaling 875,000 SF in the Greenspoint area in north Houston, according to Bisnow. The buildings are located about three miles west of Bush Airport along West Hardy Road, where HPI has its headquarters. Some of the buildings were part of the Houston investments directed by California ... Read More »

Hartman Buys Office Project in Greenspoint

HOUSTON – Hartman Short Term Income Properties XX purchases 400 North Belt, a 230,872-square-foot office project in Houston’s Greenspoint office submarket in north Houston. Holliday Fenoglio Fowler marketed the property on behalf of the seller.  Hartman 400 North Belt, a subsidiary of Hartman Short Term Income Properties XX, Inc., purchased the building for $10.2 million from Parkway Properties. 400 North ... Read More »

New Tenant Leasing 40,000 SF of Greenspoint Space Vacated by Exxon Mobil

HOUSTON – A 40,000-square-foot portion of the Greenspoint office space being vacated by Exxon Mobil has been backfilled with a corporate headquarters tenant. The tenant is a HealthHelp, a Houston-based firm involved in educative and collaborative healthcare management. HealthHelp will relocate its corporate headquarters into two floors in the Four Greenspoint Place building. Fritsche Anderson Realty Partners, a Houston-based commercial ... Read More »

Khoshbin Buys Pair of Office Properties in Houston’s Greenspoint

HOUSTON –  The Khoshbin Company purchased two office buildings in the Greenspoint market in North Houston. The two properties are: 333 North Sam Houston Parkway East and 10700 Interstate 45 North, multi-tenant office buildings totaling 395,424 square feet. 333 North Sam Houston Parkway East and 10700 Interstate 45 North are located within the Greenspoint submarket of Houston close to the ... Read More »

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