713CRE Closes Three Houston-area Deals

713CRE, a Houston-based boutique commercial real estate firm, recently completed three transactions in the Houston market. The deals included two new leases and one land sale. Mandel Scientific Co. Inc. has leased 4,975 square feet of office space in Legacy Park Business Center, 10920 W. Sam Houston Parkway, Houston, from Exeter Property Group. Ronnie L. Miranda of 713CRE represented the tenant. Exeter’s in-house broker, Graham Gardener, represented the landlord. LifeSpan Euro Med Spa has leased 3,960 square feet of medical office space in Jefferson Park, 4560 FM 1960, Houston, from Precision Medical Group USA. Miranda represented the landlord in the direct deal. Finally, Miranda represented Cane Island Ventures LLC in their purchase of a 1.5-acre tract at the intersection of Peek Road and Grand Parkway/TX 99 in Katy, Texas. Travis Overstreet of Prime SCD represented the seller, Clay Road Development.

TEXASOFFICE NAI Partners Arranges Office Lease for Aegis Chemical Solutions in Houston

NAI Partners recently arranged a 17,210-square-foot office/flex lease renewal for Aegis Chemical Solutions’ corporate office at 4560 Kendrick Plaza Drive in Houston. NAI Partners’ Jason Whittington represented the tenant in the transaction. Logan Greer of InSite Realty Partners represented the landlord, EastGroup Properties, L.P. Aegis Chemical Solutions is recognized as an industry leader in production treating chemicals, water treatment technologies, water transfer services and completions and drilling products. The commitment to research and development of the company’s product offerings that Aegis brings to the oilfield, the ability to interface seamlessly with customers‘ B2B procurement systems and Aegis’ HR systems development are further indications of the continuing growth and success of the company.

Hartman Management Provides Support for Hurricane Laura to Lake Charles Pastor and Nearly 200 Families

Hartman Income REIT Management, Inc. Provides Support for Hurricane Laura to Lake Charles Pastor and Nearly 200 Families September 30, 2020 – (HOUSTON) Hartman Income REIT Management Inc. (Hartman) donated $15,000 to those affected by Hurricane Laura. Witnessing the destruction Hurricane Laura left in neighboring Louisiana, Hartman employees were reminded of the devastation that Hurricane Harvey left in Houston almost exactly 3 years ago. Nearly one month has passed since Hurricane Laura; however, residents in the city of Lake Charles and surrounding areas are still struggling to find the necessary supplies to survive, rebuild, and take care of their families. Hartman employees recounted how their neighbors in Louisiana answered their need when Hurricane Harvey hit and took it upon themselves to help. Hartman employees, led by Kimberly Strickland, Hartman’s COO, raised over $5,000 and an additional $10,000 was donated from Hartman’s benevolence fund. A fund established in 2016 as a way for employees to rally together and extend aid to others in need. “It warms my heart to answer the call from our neighbors the same way they cared for us after Hurricane Harvey. Our employees’ generosity and the outpouring of love and support they’ve shown is truly admirable. We love and pray for all of those impacted in Louisiana.” said Al Hartman, Hartman’s CEO. Using the employee donations, flashlights with batteries, cleaning supplies, dog food, Gatorade, trash bags, cat food, paper towels, toilet paper, sponges, vitamin water, diapers, and bleach tablets were all purchased. The other $10,000 was donated to the church to assist families in need, many of which were already struggling from the downturn in the economy due to Covid-19 prior to the Hurricane Laura’s arrival. Kimberly and her husband David were led to a small community, north of the Lake Charles area by the name of De Ridder, in Beauregard Parish. On September 5th, Kimberly Strickland and two other Hartman employees made a trip to Lake Charles and met a local pastor to deliver and distribute the supplies. Later, on Facebook, Pastor Michael Burkes shared, “Thank you to all that made this possible! We handed out over 125 food boxes. Plus, cleaning supplies, diapers, dog and cat food. Amazing what happens when God’s people come together!” In the following weeks, Hartman employees made a second supply delivery and continue to show love and support to those affected. If you would like to donate or buy supplies for De Ridder and surrounding communities in need, please contact Pastor Michael Burkes at unitybaptist@suddenlinkmail.com. About Hartman: Hartman is a premier property management company in the Houston, Dallas, and San Antonio markets. Hartman has owned and operated commercial office properties since 1983, offering premium office space at attractive rates. With over 37 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.

Spicy World Sells 32,554 SF Industrial and Relocates

Houston TX, TEXAS — Spicy World of USA, Inc is a family-owned wholesale ethnic foods distributor servicing the entire USA and Eastern Canada. Spicy World of USA Inc will be relocating into a newly developed 66,000 SF distribution building in Stafford TX. Sam Chang with Henry S. Miller – Houston office handled sales negotiations on behalf of Spicy World of USA Inc. Bryan Z. Tran with BHW Capital represented the Buyer.

East Central Texas Apartment Complex Sale Brokered by Institutional Property Advisors

Institutional Property Advisors (IPA), a division of Marcus & Millichap, facilitated the sale of Springs at University Drive, a 216-unit multifamily property in Bryan, Texas. Will Balthrope, IPA executive director—along with Jennifer Campbell, Tommy Lovell III, Richard Robson and Will Griffin—represented the seller, Continental Properties. The team also procured the buyer, CEG Multifamily. “Bryan/College Station was an attractive market to launch in, even during the COVID environment as the area’s high in-place yields attract a large number of buyers,” said Balthrope. “Additionally, Continental delivered a unique low-density product that was popular with investors,” added Campbell. “We presented 13 competitive offers, which is what we would have expected pre-COVID.” The property’s location on University Drive near State Highway 6 gives residents access to a growing number of major employers. Texas A&M University, one of the largest research universities in the United States, is less than five miles away. Built in 2017 on 13 acres, Springs at University Drive is a two-story garden-style community with attached and detached garages, an outdoor lounge and on-site car care area. Apartments have private entries and the average unit size is 980 square feet.

Ranger Energy Takes Nearly 9,000 SF at Towers at Westchase II

Ranger Energy Services recently signed an office lease for 8,763 square feet at 10350 Richmond Avenue in Houston. NAI Partners’ John Zivley, vice president in the office tenant rep group, represented Ranger Energy Services in the transaction. Stream Realty Partners’ Ryan Barbles and Brad Fricks represented the landlord, FSP Westchase LLC. Ranger Energy Services is an oil and gas completion and production solutions company with a foundation built on well servicing. Ranger has become one of the largest providers of high specification well-servicing rigs and ancillary equipment in the oil and gas industry.