M Kidd Properties Facilitates Sale of 5902 and 5904 Dolores Street Houston Property

Houston, TX (January 4, 2021) George W Evans Properties, Ltd. has sold 5902 and 5904 Dolores Street containing 23,177 SF of land and 2,844 sf of improvements. The buyer was represented by Kal Drooby Realtors. The seller was represented by Mark Kidd, Sr. and Mark Kidd, Jr. of M Kidd Properties, Inc.

For information contact:
Mark Kidd, Sr.
M Kidd Properties, Inc.
Email: mark@mkiddproperties.com
Office: 713-968-4601

Bellomy & Co. Brokers Sale of Self-Storage Facility in Rosenberg, Texas

Bellomy & Co. announced the sale of Texas Storage in Rosenberg, Texas, 37 miles southwest of Houston. The Class B property comprises 335 units in 44,718 square feet. Bill Bellomy and Michael Johnson of Bellomy & Co. represented Diehl Investments II LP, the Katy, Texas-based seller. The team also procured the Delaware-based buyer, BCORE Storage Jennetta LP

Preparing for Partnerships: Waller County EDP Ready for Reshoring & FDI Opportunities

When ‘partnership’ is part of your organization’s name, being awarded for working on a partnership is about as good as it gets. Waller County Economic Development Partnership recently took home a bronze award for Public Private Partnership from the International Economic Development Council. “To be judged as one of the best in the world, by the best in the world, is truly both humbling and rewarding,” says Vince Yokom, the EDP’s Executive Director. The EDP worked with the Waller County Road Improvement District and Waller County to help Ross Stores, Inc. build a new distribution center in the community just west of Houston. “Ross has not even occupied the facility yet and it has already been a great corporate citizen in supporting our infrastructure improvements in the area and our economic development effort,” Yokom says. “This was a true partnership effort and one of the best experiences we have had in working with a prospect.” For many companies, Waller County is an obvious choice for a distribution hub. Served by a number of major highways and freeways, as well as rail and an airport, its strategic location on Houston’s west side is an incredible asset. It is now primed for development just as U.S. companies show renewed interest in reshoring operations. For decades, these factors such as cheap labor, inexpensive transportation and endless incentives convinced companies to move their production facilities out of the U.S. But the times, they are a-changin’, as the song goes. According to the Reshoring Institute, “a growing number of businesses have rethought their global manufacturing strategies,” which has led to an increasing number of companies bringing at least part of their production back to the U.S. Click to read more at www.rednews.com.

Three Things to Know About the State of the Houston Industrial Real Estate Sector

This past year, industries across Houston and beyond have been significantly impacted. With the COVID-19 pandemic and the election, the uncertainty of the future created hesitation for many to move forward with business, while others found new opportunities for growth and expansion. While all sectors of the commercial real estate industry were affected, today we explore the state of the industrial sector as we head towards the end of the year. Houston, We Need More Space. One of the biggest shifts we have seen during COVID-19 has been the need for larger warehouse spaces in order to meet the immediate needs of the consumer. Since many customers and businesses switched to e-commerce during the pandemic, the demand for space has increased. As a result, one of the trends we are seeing is an increase in space capacity caused by the demand from national retailers and e-commerce giants like Amazon. Developers and landlords are now having to deliver additional features and amenities such as added trailer parking space, suitable loading docks and extra storage space to accommodate these tenant demands. It is a trend that the industry has been talking about for the last three years and it’s something we can expect to continue to see for the foreseeable future. Click to read more at www.lee-associates.com.

Houston-area Life Sciences Property Sells in the Sector’s Largest Deal of 2020

NAI Partners arranged the sale of five buildings totaling 260,950 square feet at 8800 Technology Forest Drive, located in The Woodlands, Texas. The main building on the former Lexicon Pharmaceuticals campus is a 128,400-square-foot, Class A office property with laboratory space. Additional properties on the site include a one-story flex property with lab and office space, as well as two special-use facilities. This is the single-largest commercial real estate sales transaction in the Life Sciences sector in the Greater Houston area in 2020. NAI Partners’ Dan Boyles and Jon Silberman represented the seller, Lexicon Pharmaceuticals. Lexicon will be relocating its corporate headquarters to a new location in The Woodlands. “We’ve been seeing life sciences real estate activity ramping up in and around the Greater Houston area in a big way,” said Boyles. “When we initially listed the property, we thought it might have more broad appeal as a redevelopment opportunity, but there was plenty of interest from potential laboratory, office and biological manufacturing users, further underscoring Houston’s growing appeal as a life sciences hub.” Lexicon Pharmaceuticals is a biopharmaceutical company that is applying a unique approach to gene science based on Nobel Prize-winning technology to discover and develop precise medicines for people with serious, chronic conditions. Using a patient driven approach, the company is working to discover and develop innovative medicines to safely and effectively treat disease and improve patient lives.

The J. Beard Real Estate Company Facilitates Sale of 10,000-SF Office Building in Tomball, TX

Neal King of The J. Beard Real Estate Company has represented Lone Oak Holdings, LLC, in the sale of a 10,000-square-foot office building situated on 9.5 acres of land in Tomball, Texas at 1600 East Hufsmith, adjacent to the new Broussard Community Park near F.M. 2978. The property includes a 2,500-square-foot warehouse and recreational area that has a baseball field, volleyball court, shaded pavilion and outdoor restrooms. Joseph Pantoja of Realm Real Estate Properties represented the undisclosed buyer, who will use the property for business operations.