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The Deal Sheet

Houston Deal Sheet

PMRG topped out Woodbranch 3 and broke ground on Woodbranch 4 on the same day. (Thank goodness childbirth doesn’t work this way.)

The Deal Sheet

Woodbranch 3, or Jacobs Plaza, will deliver in August. Jacobs Engineering is the anchor tenant, and 52.3% remains available for lease. Woodbranch 4 will serve as Sasol North America’s new HQ; it took down the entire building. It’ll deliver in April 2015. Both buildings are seven stories and 171k SF apiece. They’re both LEED Silver, and they’ll share a fitness facility and café as well as access to Terry Hershey Park trail via Addick’s Reservoir.

EXECS

The Deal Sheet

Colvill’s Paula Bruns was promoted to VP. She is responsible for leasing and marketing 4.9M SF of Class-A office properties in the Houston area, including 1100 Louisiana, 811 Louisiana, One Shell Plaza, 601 Travis, and 1001 Fannin. She has completed 3.2M SF of lease transactions in her 21 years in the industry and was formerly director of leasing with Hines.

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Warren Johnson joined Ziegler Cooper as principal. He was previously principal at Johnson Design Group.

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Transwestern director of business development Jodie Jiles was named director emeritus by the Greater Houston Partnership. The honor is bestowed by the GHP board of directors to members who have provided longstanding, exceptional service to the organization. Jodie has served on the GHP board since 1997 and led it as chairman in ’05. He has been especially active in GHP’s economic development initiatives, serving as a founding investor of Opportunity Houston 1.0 and serving as vice chairman for Opportunity Houston 2.0.

SALES

Kings Crossing Partners purchased 51 acres in Montgomery County. Read King’s Tony Patronella and Christie Amezquita repped seller EHD Developers and M&J Consulting repped the buyer.

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HISD purchased 9 acres at Ernestine Street and Lockwood to expand Austin High School. Read King’s Tony Patronella repped seller Frank Liu. Tony also repped the seller in one acre to David Weekley Homes at Buffalo Speedway and Main Street, and helped Frank Liu purchase 16 acres—the old Finger Furniture—at Cullen and I-45 (seller Amegy Bank was repped by Wulfe & Co’s Katherine Wildman).

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David & Alejandra Rodriquez purchased 14 acres off Highway 146 at Crystal Boulevard and Cedar Bayou in Baytown from Texas First Bank. Claire Sinclair Properties’ Wade Sinclair facilitated. 

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Ceca Supply & Services purchased 1.8 acres on West Sam Houston Parkway N just south of Tanner Road. NAI Houston’s Chris Caudill repped seller Warren J. Kolb Investments. Moody Rambin’s Dustin Cruz repped the buyer.

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A Californian investor purchased College Park Crossing, a 17k SF multi-tenant retail center in The Woodlands. It’s at 3707 College Park Dr off of SH 242 and is 100% occupied. Radius’ Brian Kaplan repped seller CPC Partners and Farris & Associates’ Ed Farris repped the buyer.

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The Deal Sheet

Stockbridge Real Estate Funds purchased Interwood Business Center I and II, two Class-A warehouses totaling 200k SF. HFF’s Rusty Tamlyn and Trent Agnew repped seller KTR Capital Partners. The properties were built in 1999 and tenants include International Seal, Nippon Express, Goodman Distribution, and Top Notch Solutions.

LEASES

McCombs Energy renewed 10k SF at 5599 San Felipe. Cresa’s David Price repped the tenant.

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Dollar Tree leased 13k SF at 100 Gulf Fwy N. CBRE’s Jazz Hamilton and Alex Makris repped landlord WFP Pecan Park, and Perry Zieben Realty repped the tenant.

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Tannery Athletics leased 21k SF at 10685 Hazelhurst. CRC Real Estate’s Richard Glass and Steve Hazen repped both parties.

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All Points Transport leased 27k SF of warehouse/distribution space at 6007 Clinton Dr. NAI Houston’s Chris Caudill repped the tenant and his colleagues John Ferruzzo and Chris Kugle repped landlord Gazin.

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KT Recovery & Storage leased 46k SF at 1414 Sakowitz. NAI Houston’s John Ferruzzo and Chris Kugle repped the landlord and Boyd Commercial’s Greg Barra repped the tenant.

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Hapag-Lloyd renewed 33k SF of office space at The Reserve at Greens Crossing II. Stream’s Craig McKenna and Philip Armes repped the landlord and Cushman & Wakefield’s Sandy Fishlock repped the tenant.

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A1 Distribution leased 29k SF at McCarty Business Park. Stream’s Matteson Hamilton and Jeremy Lumbreras repped landlord Stockbridge. The duo also repped Stockbridge in expanding Rud and Pickarts to 29k SF at Griggs 2. NAI Houston’s Darren O’Connor repped Rud and Pickarts.

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DaVita renewed 20k SF at Southport Business Park. Stream’s Jeremy Lumbreras and Michael Flowers repped landlord Agellan Capital Partners and USI Real Estate Brokerage’s Nathan Huffman repped the tenant.

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Dosal Tobacco renewed 10k SF at Minimax Industrial Park. Stream’s Matteson Hamilton and Jeremy Lumbreras repped landlord Agellan Capital Partners and JLL’s Devin Rogers repped the tenant.

DEVELOPMENT

The Deal Sheet

Work has begun on Sicom Industries’ new 38k SF facility with manufacturing and office space. Three Square Design, Camden Construction, Ward Getz, and Bihner Chen Engineering comprise the development team. The Humble property is the first US location for the Canadian firm and has room for 40k SF of future expansion.

FINANCING

UC Funding provided a $2.1M JV equity investment for a 127-unit Class-B multifamily community. The firm has targeted Texas for both debt and equity investments.

THIS AND THAT

The Deal Sheet

KM Realty Advisors received two management and leasing assignments, Marcel Crossing II (rendered above) and Firethorne Plaza. The former is a 27k SF shopping center in The Woodlands, and the latter is a 15k SF proposed neighborhood development in Katy. Firethorne Plaza will sit across from The Shops at Firethorne, a 100% leased 20k SF shopping center. It’ll begin construction early into pre-leasing and will deliver in tenants this fall.

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Levey Group appointed NAI Houston’s John Ferruzzo and Nick Peterson to market IAH Business Park. It’s an 18-acre property along Aldine Westfield between Richey and Rankin Roads and is adjacent to the airport.