Category: Southeast Texas

Houston’s Newest Megachurch Demolishes Historic Shadowdale Grain Silos

Posted on by Sarah

Like the fabled Tower of Babel, Houston’s newest megachurch knocked down one of the city’s more recognizable pieces of architecture over the weekend.

Demolition crews were spotted tearing down the Shadowdale grain elevators near the intersection of Interstate 10 and Beltway 8 recently, according to Reddit user u/astrosdude91. The site will be transformed into Hope City Silos, a campus of the non-denominational Hope City Church which currently operates several small campuses around Houston.

One of the two structures will be spared and used as a “branding opportunity” for the church. I can only imagine the daily dose of religious inspiration in store.

Church donors spent nearly $20 million acquiring the silos and the 17-acre site located at 1140 Lumpkin Street. That doesn’t include the cost to build the campus itself.

The new campus is in part being developed by Big Vision Advisors’ Duncan Dodds, who also helped transform the Compaq Center into Lakewood Church in the mid-2000s, according to the Houston Chronicle’s Nancy Sarnoff. Click to read more at www.chron.com.

Tanglewood Developer Plans $300 Million, 33-Story Tower

Posted on by Sarah

The family of the founder of Houston’s prestigious Tanglewood neighborhood plans to build a $300 million, 33-story condominium tower on the community’s southern edge.

The 1.3-acre site, at the northeast corner of Tanglewood Boulevard at San Felipe, currently houses the headquarters of Tanglewood Corp., a third-generation, family-run real estate venture founded by Tanglewood developer William G. Farrington. The ranch-style office building, which opened in 1949, the same year as the neighborhood, would be torn down to make way for the tower.

“We’ve been incubating this wonderful corner for approximately 70 years,” said Kendall Miller, Farrington’s grandson, who lives in the house his grandfather built nearby. “The plan has evolved over the years, but has always been the new commercial idea of the moment.” Click to read more at www.houstonchronicle.com.

Hartman Wins Top Award for Its COVID Inspired ‘Clean Air Initiative’

Posted on by Sarah

Hartman Income REIT Management Inc. (Hartman), a premier property management company headquartered in Houston, announces that it has won the award for Best Technology Pivot at the 2021 RedNews Real Estate Awards for its implementation of Needlepoint Bi-Polar Ionization (NBPI). The award was presented at a ceremony on August 5 in Houston during the annual event.

REDnews Real Estate Awards acknowledge innovative and well-performing projects, companies, transactions, and people across Texas for their success in the Real Estate Industry.

The Best Technology Pivot award went to Hartman and its property management team for “embracing technology and delivering in a challenging environment.”

“Responding to the changing needs of our tenants and implementing our Clean Air Initiative is an investment we would make time and time again,” shared Al Hartman, CEO of the commercial real estate management firm. “Tenants have brought forward their return to the office plans because of the peace of mind that NBPI offers, it is a leading factor to why we have some of the highest occupied office buildings in Houston, Dallas and San Antonio.”

To earn the high honor of Best Technology Pivot, Hartman took extraordinary measures during the height of the COVID-19 pandemic. Hartman implemented a Clean Air Initiative, which included the installation of NBPI technology at five office properties, spanning three submarkets with future plans to implement the technology at 12 additional properties.

The air purification technology works by attaching to an HVAC system and safely creating and releasing ions into the airstream. The system can safely destroy pathogens such as E coli, H1N1, Tuberculosis, and 99.4 percent of Coronaviruses, within 30 minutes.

Head of the NBPI implementation, Hartman’s SR, EVP of Asset Management, Dan Jones, explained, “At Hartman, our top priority is the health and wellness of our tenants. I am so proud of our swift response to the pandemic and how we were able to help our tenants return to the office with peace of mind.”

Hartman’s property management team was also honored to receive a finalist award for Best COVID Plan for rapidly implementing their CARE Committee to help Hartman employees have a one-stop resource for access to information regarding food services, education resources, medical assistance, COVID-19 testing, financial aid, and spiritual support. Shane Cawood, Hartman’s Director of Operations was also recognized as a finalist for Executive of the Year.

This award follows Hartman’s recent accomplishment of receiving a 60% on their Net Promoter Score (NPS) survey from tenants. NPS is a research tool used to calculate the loyalty of a company’s customers. According to ClearlyRated.com, Hartman’s NPS results rank Hartman in the top 6% of all commercial real estate companies participating in the survey.

To learn more about the benefits of NBPI and how Hartman can help you facilitate a safe return to the office, read The Hartman Promise.

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About Hartman

Hartman is a premier property management company in the Houston, Dallas, and San Antonio markets with more than 59 properties totaling over eight million square feet. Hartman has owned and operated commercial office properties since 1983, offering premium office space at attractive rates. With more than 38 years of commercial leasing expertise in Houston, San Antonio, and Dallas, Hartman knows exactly what their customers require.

For more information, visit www.hi-reit.com.

Contact: Anthony Trollope Marketing Director Hartman Income REIT Management, Inc.
713.467-2222
press@hi-reit.com

The J. Beard Real Estate Company and Outlier Capital acquire Tomball Town Center in Tomball, Texas

Posted on by Sarah

Tomball, Texas (August 10, 2021) SJBC Commercial XXI, LLC recently assembled and purchased the prominent Kroger anchored Tomball Town Center, a well-established shopping center located at 14320 FM 2920 with frontage on all three major retail corridors in Tomball, Texas. The buyer was a Joint Venture between The J. Beard Real Estate Company and Outlier Capital, LLC. The two sellers, Inventrust Properties Corp. and a real estate fund advised by Crow Holdings Capital were both represented by David Disney and Adam Crockett with Disney Investment Group. Debt for the purchase was provided by Morgan Stanley, represented by John Fenoglio with CBRE.

The Tomball Town Center totals 141,450 square feet of retail space and was built in 2004 on 14.13 acres. It is situated between both hard corners of Tomball Parkway and SH 249 along FM 2920 and is currently 98% occupied with over 85% of the center being regional and national credit tenants. Click to read more at www.fatcatwebproductions.com.