Berkadia arranges sale of Houston value-add garden-style multifamily community

Berkadia has arranged the sale of Edgewater Apartments, a 228-unit, Class A garden-style multifamily apartment community located in Lake Jackson, Texas, a suburb of Houston.

Senior Managing Directors Chris Curry and Todd Marix, Managing Director Jeffrey Skipworth, Managing Directors Chris Young and Joey Rippel, and Director Kyle Whitney of Berkadia Houston, along with Director Adam Sumrall, Senior Managing Director Kelly Witherspoon, Senior Directors Justin Cole and Michael Gonzalez of Berkadia Austin represented the seller, Redwood Capital Group out of Chicago. A New York-based buyer acquired the property for an undisclosed price. 

“Edgewater is consistently one of the top-performing multifamily assets in Lake Jackson with limited competition. The regional economy is anchored by a healthy and expanding petrochemical industry and will drive new housing demand and strong fundamentals,” said Curry. “Edgewater will continue to perform well and drive cash flow for the new owner.”   

Completed in 2005 and located at 514 That Way St., Edgewater consists of 19 two-story residential buildings and one one-story clubhouse on a 12-acre site. The pet-friendly, gated community offers one- and two-bedroom floor plans ranging from 742 square feet to 1,319 square feet. Individual units feature built-in desks and bookshelves, garden-style bathtubs, expansive walk-in closets and private patios and balconies. 

Community amenities include beautifully landscaped social areas, a pool, an elegant clubhouse with a business center, picnic arbor with gas grills, an enclosed pet park with agility equipment and a fully equipped 24-hour fitness center. Reserved parking, detached garages and storage units are available. 

Edgewater is located approximately 45 minutes south of Houston in Lake Jackson in Brazoria County, consistently ranked one of the best places to live in Texas, and within a short drive to two of the major petrochemical companies, Dow Chemical and BASF. Other major employers nearby include Olin, Wood, Brazos Mall and St. Luke’s Health- Brazosport Hospital. 

Robert Fiederlein Rejoins North Houston District Executive Staff Shifts

HOUSTON, TX (November 2022) – Please join the North Houston District in welcoming Robert Fiederlein as our Vice President of Planning and Infrastructure and congratulating longtime District leader Bart Baker in his transition to Chief Operating Officer.

RE-WELCOME ROBERT FIEDERLEIN

Robert Fiederlein is well-known and well-respected in the Houston development industry, and the North Houston District is proud to announce that he came on board as our Vice President of Planning and Infrastructure, effective August of 2022.

Robert has more than 20 years of experience in project management, public finance, and economic development. He has a keen business sense and deep knowledge of what it takes to implement successful projects. He looks at plans from every angle – environmental, financial, legal, contract and administrative. He has a heart for equitable housing and is a huge Houston sports fan, avid Texas history buff, kayaker, and half-marathon man!

In addition to finalizing ongoing District initiatives, Robert will focus on implementing recommendations from the 2020 Livable Centers Study and 2021 Public Art & Placemaking Report, as well as liaison on the METRO Boost Network, which will provide customer enhancements to high-frequency bus routes and improve multimodal transportation to and from North Houston District.

Does the name sound familiar? It might- because Robert worked for the District in 2016 and 2017. We’re thrilled to have him back and excited to share a few other staffing updates.

BART BAKER

Bart joined the District in 2003 as Manager of Urban Planning, focusing primarily on inter-governmental coordination in urban design, parks and trails, transportation, and long-range development and redevelopment initiatives. Over the years, he has worked to extend the District’s parks and trails system, expand the Clean and Green initiative, improve mobility, increase flood mitigation and facilitate capital improvement projects. Bart has represented the District on numerous boards and Property Owners’ Associations, including Greens Bayou Corridor Coalition and Alliance of North Houston Chambers of Commerce.

For several years Bart served as the District Executive Vice President and Chief Operating Officer, including responsibilities for planning and infrastructure initiatives. While he excelled at carrying both significant duties, he was asked in May 2022 to focus on the EVP/COO role and lead the District’s financial and support services. He is responsible for strategic financial planning, manages the financial side of District projects, and oversees all day-to-day financial and administrative matters for the District.

ASDRUBAL “DRU” GUTIERREZ

Dru was promoted to Field Services Director in early 2022. His role recently expanded to include management of the District Parks and Recreation activities at North Houston Skatepark, Dylan Park, and the Rockstar Energy Bike Park. Congratulations on the expansion, Dru!

MORE ABOUT ROBERT F. FIEDERLEIN

Robert Fiederlein has a Bachelor of Science in Engineering from UT Austin and a Master of Public Health in Environmental Health from the UT Health Science Center in Houston. Robert’s vast experience includes serving on the Board of Directors for Avenue CDC, one of Houston’s largest 501©3 nonprofits dedicated to building affordable homes, and then joining the staff as Senior Director of Real Estate. He also worked in the City of Houston’s Finance and Administration Department, where he worked on TIRZ management and economic development. He has held leadership roles at three Houston-area management districts, including Memorial City District, East End District, North Houston District.

“There’s a common thread woven through all my various positions,” he explained. “Projects. I have been working on projects my whole professional life. One type of project has led to another type, and I gravitated toward the financial and legal aspects of getting projects accomplished.”

Immediately before rejoining North Houston District, Fiederlein served as Chief Financial Officer for Urban Partnerships Community Development Corp and spearheaded the completion of the East End Maker Hub, a $37 million, 300,000-square-foot maker space that opened in early 2021. The Maker Hub is expected to create more than 400 new jobs for local manufacturers, artisans, makers, and innovators. The project ensures equitable access to affordable workspace for production-based businesses.

PREVIOUSLY AT NORTH HOUSTON DISTRICT

In 2016 and 2017, Robert served as the District’s Vice President of Strategic Planning. It was an economic development focus, working to bring new projects to the District. During that time, Robert executed an incentive for Amazon, which resulted in construction of an 855,000-square-foot Amazon Fulfillment Center at Pinto Business Park, and focused on the five commercial buildings that now make up CityNorth.

WHAT’S NEXT

Robert is focused on furthering many of the projects started by Bart Baker, such as the Gateway Improvement Project, which is adding branded monument signs and landscaping at the major entrances along primary District thoroughfares.

“We will continue advocating for projects that benefit people who live and work in the District,” he said. “We will concentrate on developing new public-private partnerships and implement projects from the Livable Centers Study.

Robert said the Livable Centers Study provides a planning roadmap and strong vision for next five, 10 and 15 years.

“The District has some capacity to implement projects,” he said,” but the long-term changes we want to see require partnerships. We’re going to spend a lot of time improving existing partnerships and developing new ones. There are opportunities to build relationships with businesses coming to the area.”

As the needs of our community ebb and flow, the North Houston District will stay committed to our mission of attracting the best in commercial and residential life to our appealing, safe, accessible, and green activity center.

Robert will help further our mission of keeping the area appealing, safe, accessible, and green so that investors want to invest here, businesses want to locate here, employees want to work here, and people want to live here.

About the North Houston District

Created in 1991 by the Texas Legislature, the North Houston District is a business improvement district that leverages public and private partnerships to provide enhanced services in transportation mobility, public safety, beautification and recreational development, marketing and strategic planning and development. Minutes from Bush IAH, the District’s 12-square-mile service area has 20 million square feet of office, retail and industrial properties. The District area includes more than 3,800 businesses, 68,000 employees and 118,500 residents. For more information, visit www.northhouston.org.

Poynter Commercial Properties | Energy Tower, 11700 Katy Frwy

(HOUSTON) – Poynter Commercial Properties Corp., announced today that it recently concluded 41,041 square feet of office lease transactions in the Energy Corridor and Sugar Land areas.

Skyline Executive Suites, LTD, signed a 21,735 SF, long-term lease transaction in the Kirkwood Tower Building, located at 11757 Katy Freeway. Kevin Poynter of Poynter Commercial Properties Corp represented the Tenant, and the Landlord was represented by Adam Ross of Stream Realty.

Encino Environmental Services, LLC, has leased 10,800 square feet at 20302 Park Row, located within the Westborough Business Park in Katy, TX. Kevin Poynter of Poynter Commercial Properties Corp represented the Tenant. The Landlord was represented by Judd Harrison of KBC Advisors and Chris Klein of Colliers International.

WSB & Associates, Inc. signed a lease totaling 6,109 square feet in the Energy Tower Building, located at 11700 Katy Freeway. Kevin Poynter of Poynter Commercial Properties Corp represented the Landlord while Travis Taylor, of Lee & Associates, represented the Tenant. Poynter Commercial Properties Corp. is the exclusive leasing agent for Energy Tower in Houston, and Atlas Energy Tower LLC, an affiliate of ATCAP Partners.

Cheyenne Construction Group, LLC, has leased 2,397 square feet in the 245 Commerce Green Blvd building, located within the Commerce Green Office Park in Sugar Land. Kevin Poynter of Poynter Commercial Properties Corp. represented the Landlord. Poynter Commercial Properties is also the leasing and property management company for the Landlord, Commerce Green Associates L.P. The Tenant was represented by Christopher Williams of Gary Greene Commercial (Houston)

Poynter Commercial Properties Corp. is a privately-owned Houston based real estate firm specializing in Development, Owner Representation, Tenant Representation, Property Management, Spatial Assessments, Construction Management, Market Analysis, Acquisition, Disposition, Geographic & Demographic Studies, and Feasibility Analysis. To learn more about Poynter Commercial Properties Corp. visit our website at www.pcptx.com.