Welcome Group started construction on Lower Kirby Business Park, a 25-acre industrial campus in Pearland. Thorpe Plant Maintenance and Engineering also preleased an 87,500 SF building, becoming the development’s first tenant.
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At 15020 Kirby Drive near the southwest corner of Beltway 8 and State Highway 288, Lower Kirby Business Park will deliver 250,500 SF of industrial space across four buildings. Thorpe will occupy Building D, the largest building, consolidating several Houston-area operations.
KDW is the general contractor. The project in the deed-restricted property will feature tiltwall construction, three-phase 480-volt power up to 3,000 amps, 20-ton crane-ready capabilities and flexible office configurations.
Delivery is anticipated in the second quarter of 2027. Leasing is being led by Welcome Realty Advisors, a subsidiary of Welcome Group.
SALES
Nabli Hospitality of Granite City, Illinois, bought the 97-key Holiday Inn Express & Suites Katy at 21010 Katy Freeway. The hotel was built in 2010.
The seller, 21010 Katy Freeway LLC, was represented by HVS Brokerage & Advisory. The buyer is a first-time hotel investor who was drawn to the location and limited near-term capital requirements.
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Strive announced the following sales:
Max Marion and Jake Dutson of Strive represented the seller of Broad Street Warehouses, which includes two industrial buildings totaling 30K SF at 2820-2828 Broad St.
Bryan Meyer and Chris Catinis of Strive represented the seller of a 23K SF industrial property at 18315 Aldine Westfield Road. The last-mile distribution facility was built in 2022.
CONSTRUCTION AND DEVELOPMENT
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The Sugar Land City Council approved a preservation project for the century-old Imperial Sugar Char House, which city officials say will stabilize and protect the historic landmark and prepare it for future adaptive reuse.
The $15M project is supported by a $50M certificate of obligation to acquire and preserve the property and is funded by Sugar Land’s economic development sales tax corporations.
Planned work includes a new roof, structural repairs to exterior walls and the rear liquor gallery, steel and masonry repairs, mechanical and electrical improvements, and a historically appropriate restoration of the windows. The project will also restore and relocate the Imperial signage to reflect its historic placement.
The project will address challenges that have hindered previous redevelopment efforts, paving the way for a future development partner to bring new life to the property, Sugar Land Director of Redevelopment Devon Rodriguez said in a statement.
Urbano Architects will lead design for the project, and Bellows Construction is construction manager at risk. Construction mobilization is expected in December, and completion is estimated for March 2028.
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Minto Communities USA closed on the 1,318-acre property in Texas City that will become Latitude Margaritaville Galveston Bay. Site development for the approximately 3,500-residence active adult community will begin this week.
The community will feature single-family, villa and cottage homes, along with Latitude Margaritaville’s resort-style amenities. Latitude Margaritaville Galveston Bay will be situated between State Highway 3 and State Highway 146, north of the Emmett F. Lowry Expressway and extending toward Moses Bayou.
The closing follows the Texas City Commission’s September approval of the planned unit development and development agreement for the property.
Minto is targeting an early 2028 grand opening for the sales center and model park.
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Hunington Residential, the multifamily development and management arm of Hunington Properties, broke ground on The Vic at Sunterra, a 279-unit multifamily community at the entrance to the Sunterra master-planned community in Katy.
Floor plans range from 600 SF to 1,290 SF, averaging 868 SF. Most ground-floor units include fenced private yards. Residents will have access to The Sol Club Amenity Village, which includes a Crystal Lagoon, across the street.
Hunington’s standards include a pantry in every kitchen, a linen closet in every bathroom and bedrooms that can accommodate a king-size bed.
FINANCING
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IPA Capital Markets, a division of Marcus & Millichap, arranged construction financing on behalf of Adkisson Group for Commerce Center Industrial Park. In the 189-acre Partners North Houston Commerce Park, the project consists of nine light industrial buildings ranging from 30K SF to more than 150K SF, totaling 509K SF.
THIS AND THAT
Ashurst Perkins Coie law firm launched a Houston office with the addition of two partners, including Tamara McKinzie, who will join the firm’s real estate group. McKinzie brings nearly 20 years of experience advising investors, developers and utilities across the energy, digital infrastructure, retail, office, financial services and healthcare sectors.
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Maryland-based United Therapeutics opened its third designated pathogen-free facility at Generation Park in Houston.
The $96M Dr. Bartley P. Griffith and Dr. Robert A. Montgomery Xenograft Production Facility will produce xeno-organs, organs from animals intended for human transplantation. The 77K SF facility is designed to help the company scale commercial production following regulatory approval.
United Therapeutics installed solar arrays on the remaining land for the three facilities, allowing them to offset a significant portion of their energy use with solar power.
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