Logistics Property Company, LLC (LPC) announced the commencement of CityPark Logistics Center’s (CityPark) fourth building, which consists of a new Class-A, 151,200-square-foot, warehouse within the 98-acre CityPark property in Missouri City, Texas.

The build-to-suit will be delivered mid-2023 and will serve as the newest location for a Fortune 50 company. The building is being constructed to meet LEED® certification requirements.

This new logistics building is part of the greater CityPark Logistics Center, located at the corner of Beltway 8 and Highway 90 in Houston’s Southwest Industrial Submarket. The site is well positioned to serve the growing residential population and benefits from excellent interstate access.

CityPark’s existing footprint is comprised of three recently completed Class-A logistics buildings, totaling 454,000 square feet. LPC is currently in the design phase of a new 215,000-square-foot building at CityPark, which is expected to begin speculative construction in 2023 and is currently being marketed for lease.

The logistics park’s final phase will accommodate approximately 600,000 square feet with direct frontage and access to Beltway 8 and is currently being marketed as a build-to-suit.

Beau Kaleel and Brooke Forrest with Cushman & Wakefield are the leasing representatives for CityPark Logistics Center.

[Houston, TX] – October 6, 2022 – Tarantino announces the sale of 2100 West Loop South, a Class A, 16-story, 162,878 square foot, office tower. A private investment firm from Houston and Chicago acquired the building. Tarantino was engaged to provide management, leasing, and the sale for 2100 West Loop South.

This asset is located at the “main & main” of the Houston Galleria market on Loop 610 South between San Felipe and Westheimer. Tenants and customers are offered easy and quick access to Loop 610, and to close by restaurants and shopping to Galleria Mall, Uptown Park and River Oaks District.

Anthony Tarantino, Patrick Frese, and Meghan Holliday of Tarantino Properties represented the seller.

About Tarantino Properties, Inc.

Tarantino Properties is a real estate investment and service company based in Houston, Texas, specializing in income-producing properties since 1980. The company manages more than $2 Billion in assets throughout the United States providing a full complement of quality services including management, brokerage, leasing and construction services for multifamily and commercial properties.
Contact:
Angela Sandoval
Director of Marketing and Leasing
Tarantino Properties, Inc.
7887 San Felipe, Suite 237
Houston, TX 77063
713-974-4292, ext. 155 Phone
asandoval@tarantino.com
www.tarantino.com

Berkadia has arranged the sale and financing of 5 Oaks, a 228-unit, multifamily community in Houston. Managing Director Jeffrey Skipworth, Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston represented the seller, Haven Realty Capital, a Los Angeles-based real estate investment and management firm.

Director Johnny King of Berkadia Houston secured debt on behalf of the buyer, Lone Star Capital, a multifamily investment firm based in New York.

Located at 18203 Westfield Place, 5 Oaks offers one- and two-bedroom units that range from 464 to 1,043 square feet. Individual units feature open layouts, nine-foot and vaulted ceilings, wood-style flooring, cherry wood custom cabinetry, walk-in closets, soaking tubs, private patios and balconies and in-unit washers and dryers. Community amenities include a clubroom with social areas, a resident kitchen with a complimentary coffee bar, business center with free Wi-Fi, a 24-hour fitness center, swimming pool with a sundeck, lounges and cabanas, grilling stations, a dog park, and package lockers.

5 Oaks is in a popular enclave of North Houston that is close to CityPlace, ExxonMobil’s new global HQ campus, The Woodlands, the HCA Houston Healthcare Northwest Hospital, Bush Intercontinental Airport, Lone Star College North Harris Campus and North Houston’s only dog park in Lent Family Park.

Berkadia Institutional Solutions has arranged the sale of Chelsea Museum District, a 325-unit trophy-quality multifamily high-rise in Central Houston. Senior Managing Directors Chris Curry and Todd Marix, Managing Directors Jeff Skipworth, Chris Young and Joey Rippel and Director Kyle Whitney of Berkadia Houston marketed the property on behalf of the seller, Alliance Residential Company, a residential real estate developer based in Scottsdale, Arizona.

Chris Pollard and Jason Rice of Berkadia Dallas secured the debt on behalf of the buyer, Madera Residential, an investment company based in Lubbock, Texas.

Built in 2021 and located at 4641 Montrose Boulevard, Chelsea Museum District offers one- and two-bedroom apartments averaging from 412 to 1,632 square feet. Individual units feature 10-foot ceilings, light wood plank flooring, quartz countertops, blackout shades, temperature-controlled wine chillers, washer and dryers with smart technology and private oversized balconies or private yards. The community amenities include a pool with tanning ledge and private cabanas, an outdoor kitchen with two gas grills, exercise center, a yoga and spin room, a co-working lounge with private conference room, a speakeasy, wine lounge with city views, golf simulation room, electronic package lockers, pet spa and bark park.

Located between Downtown Houston and the Texas Medical Center, Chelsea Museum District is close to more than 200,000 jobs. Residents are within walking distance to Houston’s Museum District, the Innovation Corridor, Hermann Park and Bell Park, and a short drive away from Greenway Plaza, Galleria/Uptown, Rice University, the University of Houston, Rice Village and the River Oaks District.

A new affordable housing project for homeless individuals is moving forward in Midtown after the Houston City Council approved a $18.7 million loan agreement at its Aug. 24 meeting.

A new affordable housing project for homeless individuals is moving forward in Midtown after the Houston City Council approved a $18.7 million loan agreement at its Aug. 24 meeting.

However, some council members said they are concerned about the project’s developer, which has come under scrutiny following a string of resident complaints at another area community.

The loan funds were made possible through Hurricane Harvey Community Development Block Grants designed to help cities recover affordable housing projects that were lost during the 2017 floods. The project at 3300 Caroline St. will feature 149 apartments and shared space for supportive programs and office space. It will be built through a partnership between the nonprofit Magnificat Houses and the NHP Foundation, a New York City-based company that works to preserve affordable housing. Click to read more at www.communityimpact.com.