Category: Southeast Texas Deals & Announcements

Poynter Commercial Properties Announces Leasing Activity at Energy Tower

Posted on by Sarah

(HOUSTON) – Poynter Commercial Properties Corp., the exclusive leasing agent for the Energy Tower building in Houston, and ATLAS ENERGY TOWER LLC, an affiliate of ATCAP PARTNERS announced today that 23,523 square feet of office space has been leased at the 14-story, 325,000-square-foot office tower located at 11700 Katy Freeway.

Clough USA, Inc., inked a long-term transaction for 23,523 square feet. Kevin Poynter, of Poynter Commercial Properties Corp, represented the Landlord while Noah Kruger and Drew Morris, of Savills (Houston), represented the Tenant.

Poynter Commercial Properties Corp. is a privately-owned Houston-based real estate firm specializing in Development, Owner Representation, Tenant Representation, Property Management, Spatial Assessments, Construction Management, Market Analysis, Acquisition, Disposition, Geographic & Demographic Studies, and Feasibility Analysis. To learn more about Poynter Commercial Properties Corp. visit our website at www.pcptx.com.

NorthMarq Negotiates $21 Million Refinance of Workforce Housing in Houston

Posted on by Sarah

Warren Hitchcock, senior vice president/senior director of NorthMarq’s Houston office, completed the $21 million refinance of the Vista apartments. The 300+-unit garden-style multifamily property (constructed in 1980 and renovated in 2019) is located in North Houston, Texas. The transaction was structured with a 10-year term, initial Interest Only period followed by a 30-year amortization schedule. NorthMarq arranged the cash-out permanent-fixed loan at a 3.75 percent interest rate for a Houston-based borrower through its correspondent lending relationship with a national balance sheet lender.

“This lender was uniquely able to provide a full cash-out above and beyond the owner’s cost basis at a very high leverage for the sponsor thanks to NorthMarq’s correspondent relationship with the lender,” said Hitchcock. “NorthMarq services and originates exclusively for this lender across the country. Our team makes up the largest Real Estate Debt & Equity investment banking office in Houston and provides clients with unparalleled service and access to capital.”

NAI Partners Arranges 255,704-sq.-ft. Industrial Lease at Seton Lake Logistics Center

Posted on by Sarah

NAI Partners recently arranged a 255,704-sq.-ft. industrial lease at Seton Lake Logistics Center, located at 14611 Tomball Pkwy in Houston, Texas.

NAI Partners’ Joel Michael represented the tenant, Pollock Orora, in the transaction at Seton Lake Logistics Center. The landlord was represented by Faron Wiley with CBRE.

Since its founding in 1918, Pollock Orora has been dedicated to building strong supplier networks and a strong customer service culture to offer their customers tailored one-on-one consulting, solutions and supplies for every corner of the workplace, from facilities cleaning and management to packaging resources and office solutions. They partner with customers to customize the right solution to meet their needs and support their clients every step of the way to get the job done and get it done smoothly.