Category: Southeast Texas Deals & Announcements

Transwestern Completes 268,245 SF of Industrial Transactions in Houston

Posted on by Sarah

(NOV. 15, 2021 – HOUSTON) – Transwestern Real Estate Services (TRS) announces the following transactions from its Houston industrial team.

LEASES

ADBA Group, an electronics and appliance company, signed a new 147,595-square-foot lease at Southwest Commerce Center at 611 S. Cravens. Transwestern’s Brian Gammill, Darryl Noon and Jude Filippone represented the landlord. Will Austin of Bridge Commercial Real Estate represented the tenant.

Interceramic, a ceramic and porcelain tile manufacturing company, signed a new 70,000-square-foot lease at Prologis Park, West by Northwest 1 at 10333 Papalote. Transwestern’s Brian Gammill and Darryl Noon represented the landlord. Steve Berger and Susan Haysom of CBRE represented the tenant.

Fleetpride, a distributor of heavy-duty truck and trailer parts, renewed its 18,450-square-foot lease at America Plaza at 14900 Hempstead Highway. Transwestern’s Brian Gammill and Darryl Noon represented the landlord. Beau Kaleel of Cushman and Wakefield represented the tenant.

GS Operating LLC, an electric power generation, transmission and distribution company, signed a new 16,200-square-foot lease at Beltway Northwest at 4300 N. Sam Houston Parkway. Transwestern’s Brian Gammill and Darryl Noon represented the landlord. Joseph Smith of CBRE represented the tenant.

Naturesort, a manufacturer and supplier of engineered wood, laminate and luxury vinyl plank, renewed its 16,000-square-foot lease at Prologis Park, West by Northwest 14 at 6615 Roxburgh. Transwestern’s Brian Gammill and Darryl Noon represented the landlord.

About Transwestern Real Estate Services

Transwestern Real Estate Services (TRS) adds value for investors, owners, and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.

The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.

TGS Cedar Port Breaks Ground on New Industrial Facilities

Posted on by Sarah

TGS Cedar Port Partners, LP (TGS) today announced two new spec buildings to be delivered in 2022 at TGS Cedar Port Industrial Park— the largest master-planned, rail-and-barge-served industrial park in the U.S. TGS has broken ground, ordered steel and roof materials for both TGS Cedar Port DC 2, a 496,421 square foot warehouse, and TGS Cedar Port DC 3, a 150,000 square foot warehouse.

TGS Cedar Port DC 2, located at 4407 E. Grand Parkway S., will be delivered to the market 2nd quarter of 2022. DC 2 is expandable from 496,421 to 917,172 square feet that can be cross-dock or rail-served and has the ability to expand both truck and employee parking to well over 1,000+ spots. The building will feature highly desirable amenities such as 40-foot clear height, LED warehouse lighting, ESFR sprinkler system, oversized 185’ truck court, and a circulation and queuing ring road. Each DC’s 2 and 3 will have dual entries on the Hwy 99 aspect of the buildings with TGS Cedar Port’s signature 50’ tall clerestory glass office entry corners.

TGS Cedar Port DC 3, located on Nita Way, will be delivered to the market 3rd quarter of 2022. DC 3 is expandable from 150,000 to 600,000 square feet that can be rail-served, front load, or cross-dock and can expand both truck and employee parking to well over 500+ spots. The building will feature highly desirable amenities such as 36-foot clear height, LED warehouse lighting, ESFR sprinkler system, oversized 185’ truck court, and a circulation and queuing ring road.

The buildings are located in the booming, multi-modal TGS Cedar Port Industrial Park, ideally situated for warehousing, distribution, and fulfillment operations. The building locations allows prime access to State Highway 99 (Grand Parkway), Interstate 10, State Highways 225 and 146, FM 1045, and the Port of Houston’s Bayport and Barbour’s Cut container terminals. Industry leaders such as Wal-Mart, Floor & Décor, IKEA, Home Depot, Niagara Bottling, Webstaurant, Ravago and Vinmar all have major distribution and fulfillment centers in TGS Cedar Port Industrial Park, taking advantage of the location and access to abundant, cost-effective labor.

Powers Brown Architecture is the project architect, and E.E. Reed Construction L.P. is the general contractor. John Simons, Gray Gilbert, Chris Haro with NAI Partners are the leasing agents for the projects.

New Katy Retail Development The Shops at Ventana Lakes Expected to Break Ground in 2022

Posted on by Sarah

Construction on The Shops at Ventana Lakes, a new retail development in Katy, is expected to break ground at the end of the first quarter of 2022. The development will be located near the northeast corner of Stockdick School Road and Peek Road, near Patricia E. Paetow High School and Stockdick Junior High School.

After breaking ground in 2022, the stores are expected to open early in the third quarter of 2023, according to Jason Gaines, senior vice president at NAI Partners, a commercial real estate agency. Phase 1 consists of 15,000 square feet available for lease, while Phase 2 will have 14,625 square feet of rentable space.

Currently, 6,000 square feet have been leased to medical tenants in the development, according to Gaines. NAI Partners, the company developing the center, hopes to lease spaces to various eateries and make the center convenient for the people living in Katy, Gaines said.

The Shops at Ventana Lakes’ design relies heavily on drive-thru lanes being present in most of the spaces to appeal to commuters, according to Gaines. Click to read more at www.communityimpact.com.