Stream Realty Partners announced that over 80,000 square feet of leases have been executed over the past 12 months at Memorial Tower One and Two, and Woodway Tower on behalf of CapRidge Partners. Of these leases, 32,000 square feet were executed during the pandemic, reflecting the tenant trend to transition from density to proximity. “CapRidge remains committed to delivering a revitalized, first-class office product with a boutique feel and a people-first environment to the office users in the Memorial neighborhoods,” said Dan Terpening, director at CapRidge. “The response has been overwhelmingly positive amongst existing and prospective tenants and in the market. We are excited to unveil the finished product once complete.” This leasing activity comes just before the delivery of multi-million-dollar renovations to all three properties that will be delivered in phases. The initial phase, which includes reconfigured and upgraded lobbies, new tenant lounge, training facility and upgraded common areas, restrooms and elevator cabs, will be completed by the end of the month. Exterior upgrades include a new park-like green space with a programmable activity lawn, shaded seating area and outdoor meeting space, which is expected to deliver by fourth quarter 2020. “We are closely monitoring an emerging trend in Houston whereby more and more tenants make the decision to move from high-rise office buildings in Houston’s major business centers to high-quality, right-sized office space closer to home,” said Craig McKenna, vice president at Stream in Houston. “CapRidge is poised to capitalize on this demand by delivering on their promise to create the premier office opportunity for those who call the Memorial area and Village cities home.” McKenna, Matthew Asvestas and Elliot Collie oversee leasing at the three properties. Current availabilities at the three properties range from 1,000 square feet spec suites up to a full floor. The three-building office portfolio is nestled between the Memorial Villages and Tanglewood, minutes from a diverse range of restaurants and hotels. In addition to the prime location, the buildings offer 24-hour security, key card access, rotating food services, conferencing facilities, and on-site banking and property management. These buildings also offer exceptional and convenient access to the 610 Loop, Katy Freeway, Memorial Drive, Woodway Drive, Westheimer Road and Beltway 8.

BF Spring LLC, doing business as Billiard Factory, has purchased 1.6 acres at the intersection of Grand Parkway and Spring Stuebner Road in Spring, Texas. Randy Nerren and Trevor Nerren of NewQuest Properties represented the buyer. Mark Terpstra of Terpstra & Associates represented the seller, Five Forks Village LLC.

NAI Partners recently arranged a 3,800-square-foot retail lease renewal for All Care Pediatrics at 5201 Highway 6 S. in Missouri City, Texas. NAI Partners’ Laura Diggs represented the landlord in the transaction.

Safespill has signed a new, 54,869-square-foot lease at 1900 Crosspoint in Houston. The fire protection firm is relocating from its existing facility off Knight Road. Transwestern Real Estate Services’ Carter Thurmond provided tenant advisory services on behalf of Safespill, whose company growth stems from high demand from the U.S. military and large third-party logistics companies. Evtex Companies, which owns the property, was represented by Robyn Berry and Janae Evans. “It was a pleasure working with Safespill, and I look forward to serving their needs for years to come,” said Thurmond. “The space at Crosspoint not only satisfies the tenant’s current growth needs but also provides a runway for them to continue growing.” 1900 Crosspoint is a freestanding building with a fenced truck court that provides excellent access to Houston’s Loop 610 and the Texas Medical Center. The building configuration includes 46,393-square-feet of warehouse space and 8,476 square feet of office space.

HOUSTON, Sept. 17, 2020 /PRNewswire/ — BBVA USA has launched a sustainability-focused commercial real estate loan for clients across its footprint, marking a milestone in the bank’s new 5-year strategic plan implemented in January 2020. The loan is designed to help small business owners with closing costs related to the purchase of commercial real estate, provided the property meets certain environmental sustainability standards. The loan is another step the bank is taking in support of the second pillar of its strategic plan – focusing on aligning business efforts with economic, social and environmental sustainability. “This product underscores both the economic and environmental concepts of the bank’s strategic plan,” said BBVA USA Small- to Medium-Enterprises Network Executive Elizabeth Dobers. “It helps small business owners build their business portfolio with savings on closing costs as well as their green portfolio by acquiring energy-efficient property. We’ve long been champions of small businesses, the economic backbone of this country, and this is another way we’re continuing that mentality, while encouraging sustainable behavior.” BBVA USA’s new sustainability-focused loan allows small business owners to receive a discount of 1 percent, up to $10,000, of their loan amount toward closing costs if they buy or build an energy-efficient building, or renovate an existing building to improve its energy efficiency. To qualify for the loan to build or purchase an existing building, the property must obtain one of the following certifications: LEED® green building program, National Green Building Standard™, Green Globes®, Living Building Challenge™, or ENERGY STAR™. If the loan is for a building renovation, the building must secure one of the previous certifications or achieve a verifiable 20 percent increase in efficiency from measures not required by building code, or can include adding an on-site renewable power system that supports at least 20 percent of the renovated building’s total electrical load. Click to read more at www.prnewswire.com.