Energy Firm Leases 62K SF For HQ In Spring: The Houston Deal Sheet
An energy services company leased 62K SF for its headquarters at 10000 Energy Drive in Spring. Tetra Technologies leased space in the south tower of the 564K SF, two-building property in City Place.
Tetra’s former headquarters was about 3 miles away at 24955 Interstate 45 N. in The Woodlands, according to Realty News Report. The move is expected to save Tetra about $2M per year, according to the company’s third-quarter earnings report.
The 2014-built property at 10000 Energy Drive has 40K SF of indoor and outdoor conference space, a fitness center, a food hall, a mile-long nature path and floor-to-ceiling windows. The 279K SF North Tower is fully occupied by Expand Energy.
Newmark’s David Baker, Elliott Hirshfeld and Kristen Baker serve as leasing agents for the landlord, Spear Street Capital. The tenant was represented by Caleb Lawson of Flatrock Commercial Real Estate Group.
SALES
BKM Capital Partners acquired a three-asset industrial portfolio called the Texas Tri-Pack in Houston and Dallas-Fort Worth.
The portfolio includes the 59K SF, two-building Kinghurst Circle at 10849-10899 Kinghurst Drive in Houston's Southwest Corridor. The assets are 98% leased.
The JLL Capital Markets team led by Trent Agnew, Charlie Strauss, Tom Weber, Pauli Kerr, Lance Young, Brennan Fewin and Alex Fronterhouse represented the seller, Circle Industrial.
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Humble Machine Works Inc. sold a 52K SF industrial building with office and warehouse space at 134 Wilson Road in Humble. The site includes multiple buildings constructed between 1960 and 2009.
Tom Condon Jr. of Colliers represented the seller. Ross James and David Claros of Newmark represented the buyer. Closing was coordinated by Jessica Grealish and her team at Alamo Title Co.
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Flowmore Services sold a 20K SF, two-building industrial property at 11230-11238 Timber Tech Lane in Tomball. Flowmore will lease back a portion of the property.
The buyer was a Houston-based investor represented by Jared Pinto at Newman Kelly Investment Services. The seller represented itself. The buyer intends to paint the exterior and repair the parking lot.
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Fairstead announced the $242M acquisition and rehabilitation of Haverstock Hills Apartments, a 700-unit affordable complex in Houston’s East Aldine. Haverstock Hills will undergo renovations, including in-residence, exterior and common area upgrades, enhanced amenities, and new safety and security features.
At 5619 Aldine Bender Road, Haverstock Hills has 44 two- and three-story buildings spanning 22 acres. Residences include a mix of studio, one-, two- and three-bedroom units, all supported by project-based Section 8 contracts and governed by low-income housing tax credit affordability restrictions. The community is 100% reserved for residents earning up to 60% of the area median income.
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Mickle & Lucky Estates LLC of Anaheim, California, bought the 91-key Holiday Inn Express & Suites Houston East — Baytown at 7515 Garth Road in Baytown. The property, built in 2014, was sold by Texas Prime Baytown Hotel U.S., based in Houston.
HVS Brokerage & Advisory’s Eric Guerrero, James Rebullida, Kyle Peterek, Fadi Rawashdeh and Daneen Godinet participated in the transaction.
CONSTRUCTION AND DEVELOPMENT
NEI General Contracting began construction on the WALIPP Senior Residence Expansion Project for the William A. Lawson Institute for Peace and Prosperity in Houston’s Third Ward. Developed by Volunteers of America National Services and WALIPP, the project will add close to 90K SF, or 102 units, of affordable senior housing.
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Chicago-based RSK Real Estate Partners acquired 17 acres to develop a build-to-rent community in Harris County. Construction will start in the coming weeks on the Landing at Katy Pointe, a 210-unit project at the corner of Clay Road and Katy Pointe Boulevard.
Rick Ragan of NewQuest represented the buyer. NewQuest’s Nick Ramsey and Kevin Sims represented the seller, Telephone Investments Inc.
RSK's project will feature two- and three-bedroom duplexes averaging 1,500 SF with attached garages and landscaped yards. The Landing at Katy Pointe is slated to deliver in the third quarter of 2026 and will be a mile north of RSK’s Landing at Morton Ranch, another BTR project where leasing is underway.
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Morgan, together with Carlyle, broke ground on Pearl Lake Pointe, a 376-unit apartment complex at 16435 Creekbend Drive in Sugar Land. The luxury apartment community is the first multifamily site to receive entitlements in Sugar Land since 2012.
Pearl Lake Pointe will be a five-story wrap community with 376 apartments —including five live-work units — over 6 acres. Residents will have access to a pool, fitness centers, a golf simulator, a fifth-floor sky lounge and a first-floor café. The site also includes 10K SF of commercial office space and a six-story parking garage.
Adjacent to the former Fluor campus with views of Brooks Lake, Pearl Lake Pointe's first units are anticipated for delivery in the second quarter of 2027. The development will be managed and owned by Morgan and Carlyle, with project financing provided by Texas Capital Bank.
FINANCING
JLL Capital Markets arranged $515M in acquisition financing for the Artemis National Logistics Portfolio, a 25-property industrial portfolio totaling 8.7M SF across U.S. logistics markets, including central Florida, central Pennsylvania, Dallas-Fort Worth, Houston, Northern New Jersey and Chicago.
JLL represented the borrower, an affiliate of Artemis Real Estate Partners, to secure a five-year balance sheet loan through Wells Fargo, which acted as the arranger, bookrunner and administrative agent. The JLL debt advisory team was led by Kevin MacKenzie, Steven Klein and Christopher Pratt.
