Stream Realty Partners closes more than 70,000 square feet of leases at Houston office building

Stream Realty Partners represented Woodbranch Management Inc. in a flurry of leasing activity at 4265 San Felipe St., a 223,545-square-foot office building in Houston.

The transactions, which included two full-floor deals, totaled over 70,000 square feet, bringing the building to approximately 90% leased.  

The transactions include a diverse array of professional tenants:

Keller Williams Metropolitan, a leading Houston-based residential real estate agency, leased level 8 at 20,656 square feet. Ty Martin of McCann Commercial represented Keller Williams.

Thomas J. Henry Law, the largest personal injury law firm in Texas, leased another full floor at 19,368 square feet. Jennifer Meehan at Savills, along with Kent McCoy and Andy Swanson at Centric Real Estate, represented Thomas J. Henry Law.

North American Corporation, a commercial distributor and supply company, took 10,829 square feet. Don King at JLL represented North American Corporation.

Pelican Builders, a residential development company, leased 4,953 square feet, and Energy Advisors Group leased 4,658 square feet. 

Gregor Wynne Arney PLLC, a Houston-based litigation boutique, leased 4,530 Vince Gyorgy at Partners represented Gregor Wynne Arney PLLC.

Pye Legal Group, an executive search firm specializing in recruiting and placing legal professionals, leased 3,491 square feet. Reed Linder and Joe Rambin at Moody Rambin represented Pye Legal Group.

rand* construction corporation, a woman-owned national commercial general contractor, leased 3,308 square feet. Cody Little at JLL represented rand* construction corporation.   

Brayn Consulting LLC, a tax consulting firm, leased 2,673 square feet. Weldon Martin at Stream Realty Partners represented Brayn Consulting.

Stream Senior Vice President Brad Fricks and Vice President Matt Asvestas represented the landlord in the transactions.

4265 San Felipe offers tenants a host of amenities, including The Oasis, a covered outdoor space with a putting green, seating, TVs and a cooling system, the “Getaway” lounge, a training room and an executive board room, both with serving areas, balconies on floors 11, 12 and 14, and 24/7 onsite security. The property offers immediate access to various upscale restaurants and retail offerings.

Manhattan Construction Company wins two ABC Greater Houston “Excellence in Construction” awards

HOUSTON, TEXAS – The Associated Builders & Contractors (ABC) Greater Houston has honored Manhattan Construction Company with two “Excellence in Construction” (EIC) awards. The “Excellence in Construction” Awards celebrate the best in Merit Shop Construction – honoring the year’s most outstanding construction projects and contractors for their remarkable achievements in leadership, safety, and innovation.

Manhattan Construction Company won “Excellence in Construction” awards for the construction of the:

Microsoft Word – 2024-01 Manhattan Construction wins 2 ABC Greater Houston Excellence in Construction Awards.docx

Alief Neighborhood Center in Houston, Texas, in the “General Contractor | Institutional, $50 to $100 million” category.

Built by Manhattan Construction Company, designed by Page/EYP, and engineered by Dally + Associates, the new 70,000-square-foot Alief Neighborhood Center is the first of its kind in Houston to combine multiple independent departments under one roof to provide residents with a single destination for multiple services. The multi-purpose community center interior includes a mixed-use gymnasium with an elevated walkway around its perimeter, two pickleball courts, a fitness center, and meeting spaces for public use.

Microsoft Word – 2024-01 Manhattan Construction wins 2 ABC Greater Houston Excellence in Construction Awards.docx

Texas A&M University Southside Rec Center in College Station, Texas, in the “General Contractor | Institutional, $25 – $50 million” category.

The Southside Rec Center is Texas A&M University’s sixth standalone recreational facility on the southside area of the College Station campus. Built by Manhattan Construction Company, designed by SmithGroup, and engineered by JQ Infrastructure, LLC, the two-story facility includes 63,500 square feet of indoor recreational space with an additional 15,000 square feet of outdoor recreational space. The building is separated into two high-bay fitness areas and includes amenities such as a 24,000 square foot strength and conditioning, a 12,700 square foot gymnasium, a custom rock- climbing wall, a ballet studio, and two multi-purpose indoor sports courts.

The awards were presented at the ABC Greater Houston 2023 Excellence in Construction Awards Gala held Thursday, October 19, at the Wortham Theater Center in Houston, Texas.

Arden Logistics Parks selects Stream Realty Partners for North Park 34 leasing assignment in Houston

Philadelphia-based Arden Logistics Parks (ALP), Arden Group’s national logistics real estate operating platform, has awarded Stream Realty Partners a new leasing assignment for a 34-building business park located in Houston.

Stream, a national commercial real estate firm offering an integrated platform of services, will now oversee leasing activities for the recently rebranded North Park 34, an 865,000-square-foot industrial business park located on the northwest corner of the Beltway 8 and Hardy Toll Road intersection. Stream Houston Senior Vice President Boone Smith, Senior Associate Abraham Richardson, and Associate Meg Zschappel will serve as leasing agents. Analyst Jax Rawlinson will provide leasing support.

North Park 34 provides expedited access to Interstate 45, Interstate 69, and George Bush Intercontinental Airport. The business park offers an abundance of space layouts and configurations, with made-ready suites available for immediate occupancy. Suites at North Park 34 range in size from 1,500 square feet to 40,000 square feet. Grade level, semi-dock and dock-high loading configurations are available. The business park features on-site property management and is equipped with ample surface parking.

ALP acquired the asset in November 2021 and immediately began implementing institutional-quality capital upgrades to the building exteriors and tenant suites. Such improvements include a more traditional office/warehouse configuration, exterior painting of all 34 buildings, interior/exterior lighting package upgrades to energy-efficient LED fixtures, installation of drought tolerate landscaping to reduce water consumption, and full interior renovations to 21 vacant suites. The market response to these value-add improvements has resulted in the execution of 92 leases totaling 436,000 square feet in less than 24 months.

Houston-MSA neighborhood retail center trades to DML Capital

JLL Capital Markets announced today that it has closed the sale of The Shoppes at Kingsgate, a 156,343-square-foot, grocery-anchored neighborhood retail center located in the Kingwood master-planned community within the Houston MSA.

JLL represented the buyer, DML Capital. Chestnut Ridge Associates, LLC was the seller.

Built in 1980 and renovated from 2015 to 2017, the 95.2% occupied The Shoppes at Kingsgate is anchored by ALDI, a market leader in the grocery sector and one of America’s fastest-growing retailers. Additional tenants include Painted Tree Boutiques, Five Below and Dollar Tree. The property features a WALT of 6.6 years. Situated in the Kingwood submarket, the asset is on one of the most highly trafficked streets in the area, with 41,000 vehicles per day along Kingwood Drive. The property is at below-market vacancy, with the Kingwood submarket at an average vacancy rate of 9%.

Located 27 miles north of Downtown Houston, Kingwood is a highly sought-after, master-planned development in the Houston MSA. Spanning 14,000 acres of lush woodlands, this well-established community features over 500 acres of private parks and nature preserves, as well as 75 miles of scenic greenbelt. Renowned for its picturesque forests and excellent quality of life, the area offers top-notch schools and a wide range of outdoor and water-based recreational activities near the expansive 11,854-acre Lake Houston. With a diverse residential population of approximately 65,000, Kingwood has emerged as a vibrant commercial hub with an abundance of retail and dining opportunities.

The JLL Capital Markets Investment Advisory team was led by Senior Director John Indelli and Senior Managing Director Ryan West. Additionally, a JLL Debt Advisory team, led by Managing Director Michael Johnson and Director Michael King, sourced the financing for the buyer. JLL was able to rate lock at competitive market terms via life company financing.

Khaadi signs lease for second U.S. store at Houston Galleria

Cushman & Wakefield announced that the firm represented global retailer Khaadi in leasing 4,700 square feet at The Houston Galleria in Houston, Texas.

Cushman & Wakefield’s Eric Lestin and Michael Burgower represented Khaadi in the transaction with landlord Simon Properties Group. Lestin represents Khaadi across North America.

Tysons Corner Center in Tysons Corner, Virginia, marks Khaadi’s first U.S. location, The Galleria in Uptown Houston will be Khaadi’s second. Khaadi plans to occupy its new space in Tysons Corner by year end and its Houston location in the first quarter of 2024, with plans to open further stores in U.S. and Canada.

$28 million refinancing secured for a newly built senior living community in Spring

JLL Capital Markets arranged a $28 million senior mortgage for The Landing at Augusta Woods, a 148-unit senior housing community in Spring, Texas.

JLL represented Harmony Communities to secure the four-year, fixed to floating rate loan from a Life Insurance Company to refinance an existing construction loan and fund additional expansion of the community.

The community is comprised of a 120-unit apartment-style complex that provides independent living, assisted living and memory care, and 28 to-be-built independent living duplex-style cottage units. The luxurious country club style facility is designed to immerse residents into an engaging community with resort-style amenities and best-in-class care services.

Spring, Texas is located just outside of The Woodlands, which is one of the nation’s premier master planned communities. It offers a unique blend of an urban neighborhood with suburban conveniences, which include prestigious residential communities and amenities. Situated on 28,000 acres, The Woodlands is located just 27 miles from the Houston CBD and 15 minutes to the north of the George Bush Intercontinental Airport.

Over the last two decades, there has been a remarkable transformation in Houston, the nation’s fourth-largest city. Houston has one of the youngest, fastest growing and most diverse populations anywhere in the world. From 2010 to 2018, Houston added 1.1 million residents, an 18.3% increase, the fastest rate of population growth among the 10 most populous U.S. metros.

The JLL Capital Markets Debt Advisory team was led by Senior Director Zane Sweet, Director Alanna Ellis and, Analysts Zach Brantley and Kyle White.