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Real Estate Bisnow
The largest commercial real estate publication in the United States.
   
January 3, 2011 
 
 
THE DEAL SHEET;
JEFF DEBOER KEYNOTES JAN 12 SUMMIT

Moody Rambin Interests announces 2000 West Loop, located in the heart of the Galleria. 356k-plus SF of rentable space,along with a five-story parking garage. Just fifteen minutes from Downtown. For more details, click here.

 
We’re delighted to announce that the US real estate industry’s chief advocate in DC has been added to the all-star lineup for our Hotel Investment Summit at the Hilton Anatole in Dallas on Jan. 12. Sign up now.
 
Jeff DeBoer
Although the topic of the summit is hotel investment, DC-based US Real Estate Roundtable prez and CEO Jeff DeBoer (snapped in October by a Bisneyland colleague in DC) will speak for 15 minutes on real estate-related politics and policy we should expect from the President and Congress during 2012. The Real Estate Roundtable is a legendary group of top real estate figures in America, like the heads of Vornado, Taubman, Eastdil, Colony Capital, Hilton, Shorenstein, Regency Centers, Federal Realty, BOMA, the Mortgage Bankers Association, and others. Jeff is known for telling it like it is. Save your seat now by registering here.
PEOPLE
Perry Seeberger

Seeberger Architecture’s Perry Seeberger was elected to serve as the 2012 president of the AIA Houston chapter board of directors. The native Houstonian has been a member since 1982 and in recent years held positions as the president elect and treasurer.

SALES

Emerson Process Management Vavle Automation purchased almost 7 acres at North Eldridge Parkway and Crossridge Drive. Paine/Wetzel Associates’ Phillip Arnett represented the buyer and Clay & Co’s Tim Clay and Amy Silvey repped the seller, Clay Venture Fund #3 LP.

***

Stripes purchased nearly 3 acres at North Gessner and Philippine in Houston. Clay & Co represented the seller and Gulf Coast Commercial Group and Wile Interests acted as cooperating brokers.

***

Wells Fargo Building

Boxer Property purchased 135k SF Wells Fargo Building at 13201 Northwest Frwy. The Class-A tower is 64% occupied. Boxer represented itself; its David Kayle says leasing has been very positive at its other property in Northwest Houston. He believes the acquisition of 13201 gives Boxer more inventory to keep up with current leasing momentum.

***

Polyspec (a division of ITW Holdings) purchased a 71k SF office/warehouse industrial coatings facility on Cutten Road. The design build/purchase is on nearly 4 acres. Cushman & Wakefield’s Jim Foreman and Beau Kaleel represented the buyer and CDC’s Charlie Christ repped the seller, Clay Real Estate Holdings #3.

LEASES

Hyduke Energy Services leased 41k SF at 9602 New Decade in Bayport North Industrial Park. Cushman & Wakefield’s Kelley Parker, John Littman, Coe Parker, and Tim Thomas repped the landlord and Studley’s Holden Rushing repped the tenant.

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International Distribution Corp expanded an existing warehouse lease by 52k SF in Bay Area Business Park. Cushman & Wakefield’s Coe Parker, Kelley Parker, John Littman, and Tim Thomas negotiated for the landlord and Stream’s Kyle Valentine and Justin Robinson represented the landlord.

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Masters Distribution renewed a 12k SF warehouse lease at 1430 N Post Oak. Prologis’ Kevin Wittler represented the landlord in-house and NAI Houston’s John Ferruzzo repped the tenant.

DEVELOPMENT

European OMB Valves is locating its Western Hemisphere HQ in Stafford. OMB Valves will begin construction immediately on Phase I of its 42k SF facility at North Promenade and US Highway 90A.

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25919 Oak Ridge Dr

BANDIER Realty Partners’ Krissie Vanyo is representing 26010 Oak Ridge in the pre-leasing of a boutique Class-A office building set to break ground in early 2012. 26010 Oak Ridge is constructing a three-story facility adding to the sparse Class-A office market in The Woodlands, which has 5% vacancy. The building is the second on site and will total 15k SF.

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Renovations are complete on the Super Park Garage across the street from Hobby Airport at 7979 Airport Blvd. Hammerschlag & Co purchased the facility last year and did repairs, rebranding, and upgrades to improve efficiency. It invested $700k to increase turnkey efficiency, increase from 710 to 865 parking stalls, and update appearance.

FINANCING
 
1800 Bering

Bering Office Partners, a JV between Harbert US Real Estate Fund IV and Fuller Realty Advisers, purchased 1800 Bering, a Class-B office tower. JLL’s Rudy Hubbard, Paul House, and Leah Gallagher closed the sale and secured debt financing for the buyer. The facility received $1M in capital improvements in 2005 and is 85% occupied.


THIS AND THAT

Starting today, all permit fees are automatically increasing by 3.2% as required by Section 1-13 of the City of Houston Code of Ordinances. This percentage is based on the Consumer Price Index. The administrative fee associated with all permits will now be $25.80. The minimum fee and some of the license fees will not be increased.

OUR BAD

In a past issue, we listed Palermo REI managing principal Damon Palermo’s name as Da-Mon. Although we think Damon may in fact be da man, we apologize for the error.
 
Our Houston reporter gets married two months from today! What are you counting down to? Tell us, catie@bisnow.com.
 
 
 
 
Kastle Systems2 HOU
 
Transwestern (Pulse2) HOU
 
US Prop (MedicalCenter2)
 
Moody Rambin (WLoop4)
 
Bisnow Hotel HOU
 
Arent Fox Barcode HOU
 
Bisnow Puppy MHOU
 
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