This Week's Houston Deal Sheet
Maryland-based Realterm has acquired a 200K SF warehouse at 3031 South Sam Houston Parkway in Houston.
The warehouse was built last year on a 36.6-acre site. Realterm cited its proximity to the Sam Houston Tollway as a major draw.
“3031 South Sam Houston is a best-in-market final mile facility with a long-term lease to a top global e-commerce retailer,” Rob Moriarty, associate vice president of Central Region Acquisitions at Realterm, said in a release. “As Houston’s industrial market continues to see record levels of demand, e-commerce maintains rapid growth, and the population continues to grow, the combination of the property’s size, location and features make it desirable to a host of occupiers.”
The warehouse also has 32 loading positions.
Realterm Logistics owns other Houston properties, including two food and beverage facilities leased to Frito-Lay and a final mile distribution facility at 6410 West Sam Houston Parkway North.
The Dinerstein Cos. promoted Aryne Bailey to vice president of student housing. Bailey came to the company in 2018 as a portfolio director. Houston-based The Dinerstein Cos. doesn't have any current student housing properties in Houston, but owns them elsewhere in Texas as well as in Michigan, Illinois and other states.
David Hudson was hired as president at Hanover Industrial. Hudson was hired from Griffin Partners Development to lead Hanover’s acquisitions and development in the industrial market.
An unnamed investor purchased a 12K SF industrial building at 1808 Jacquelyn Drive in Spring Branch. Ben Condera and Barrett Gibson at Colliers represented the seller; Jared Pinto of Newman Kelly Commercial Real Estate represented the buyer.
CONSTRUCTION AND DEVELOPMENT
Levey Group is developing a five-building, 542K SF business park between 4610 South Sam Houston Parkway West and 4680 South Sam Houston Parkway West. The business park, called The Business Center at Five Corners, is designed for single or multi-tenant configurations. It’s set to be completed by the first quarter of 2022.
Multifamily tower Aspire Post Oak opened at San Felipe and Post Oak in the Galleria area. The 40-story, 383-unit tower also has 16.8K SF of retail and dining along with resident amenities like a yoga room, spa, outdoor event space, sports lounge with a golf simulator and massage rooms. It was developed by The Dinerstein Cos. and designed by Gensler.
CIA Services moved to a newly completed 15K SF headquarters at 18333 Timber Forest Drive in Humble. The office, designed by Tramonte Design Studio, will be occupied by 57 employees for the community association management company.