This Week's Houston Deal Sheet: 534K SF Business Park Coming To Northwest Houston
Dallas-based Urban Logistics Realty broke ground on the Brickyard, a 543K SF, three-building business park at 5020 Acorn St. in Northwest Houston.
The speculative industrial project is a joint venture between Principal Asset Management and ULR. It is scheduled for completion in the second quarter of 2026.
First United Bank & Trust provided construction financing. Harvey Builders is the general contractor, Powers Brown Architecture is the project architect, Kimley-Horn is the civil engineer and Pinnacle is the structural engineer. Stream Realty Partners’ Tyler Maner, Heath Donica and Jack Rathe are the leasing team.
PEOPLE
Avison Young promoted Marti Grizzle to vice president of the firm’s Houston office. Grizzle is part of an office landlord representation team, working alongside Wade Bowlin, principal and managing director of Avison Young in Houston.
Grizzle has been with the company for just under three years but has been relentlessly committed and successful over that time, Bowlin said. Grizzle was formerly a mechanical engineer in the HVAC industry and a leasing manager at Madison Marquette.
SALES
Allegra Holding Group acquired DHT-4 Last Mile, a 141K SF Class-A industrial facility at 15302 Cypress North Houston Road in Cypress. The building was completed in 2022.
The JLL Capital Markets team led by Trent Agnew, Charlie Strauss and Lance Young represented the seller, Vigavi Realty. The building is fully leased to an e-commerce user.
***
A Houston-based investor bought a 20K SF industrial park at 23781 Loop 494 in Porter. The seller was a long-term Porter-based owner that represented itself. Jared Pinto of Newman Kelly represented the buyer.
LEASES
Packeze LLC signed a 45K SF lease at Clay Crossing Business Center at 11335 Clay Road in Houston. Transwestern’s Darryl Noon and Brian Gammill represented the landlord, HPI Holdings II LLC.
Packeze, a manufacturer of custom signs, banners and moving boxes, will consolidate multiple North Houston locations into this new space.
***
Barrett Gibson and Jason Tangen of Colliers represented the landlord in the lease of 59K SF of industrial space to an unnamed tenant at 1203 Thompson Park Drive in Baytown.
***
Ferguson, a value-added distributor for the North American construction market, leased 31K SF at Stiles Lane Business Park in Sugar Land. Jason Dillee and Nick Bergmann with CBRE represented Ferguson. The landlord, Pearl River Cos., was represented by CBRE’s Cape Bell and Greg Holmes.
Ferguson, headquartered in Virginia, plans to occupy more than half of Building One of the property at 13027 Stiles Lane. This is the 15th location in the Houston area for the company.
CONSTRUCTION & DEVELOPMENT
Houston-based Maple Development launched three master-planned villages intended to be smaller and more manageable than traditional master-planned communities. Bellamina, off FM 362 in Waller County, will stretch 248 acres with 40-foot and 50-foot lots for 879 homes.
Sagebrush will be a 470-acre community near Hempstead in Waller County, fronting FM 1488. Serenada will be a 155-acre community in Pattison, west of Katy, with 40-foot and 50-foot lots for 467 homes. Model homes for all three villages are expected by summer 2026.
***
Marquette Cos. welcomed its first residents to Tempo at White Oak, a 304-unit luxury apartment building anchoring the mixed-use White Oak District in Houston’s Woodland Heights neighborhood. The six-story community at 2623 Keene St. offers studio/junior one-bedrooms as well as one- and two-bedroom designs with one to two baths ranging from 515 SF to 1,340 SF.
THIS & THAT
Lone Star PACE was selected as the program administrator for Montgomery County’s newly established Commercial Property Assessed Clean Energy program by the Montgomery County Commissioners Court during its May 27 meeting.
The county will use the program to encourage private investment in sustainable building improvements. Lone Star and Texas PACE will also co-administer the new North Central Texas Council of Governments' C-PACE program.
