Category: Southeast Texas Deals & Announcements

SVN | J. Beard Real Estate – Greater Houston facilitates sale of mixed-use office retail center in Magnolia

Posted on by Mia Goulart

SVN | J. Beard Real Estate – Greater Houston has recently facilitated the sale of a mixed-use office retail center in Magnolia, Texas. The three buildings comprise a total of +/- 15,000 square feet and are situated at 30643 FM 2978 in Magnolia, Texas, near the intersection of Woodlands Parkway. The location has great visibility and frontage on the major thoroughfare of FM 2978. The upscale center boasts clean lines, modern finishes, and spacious floorplans in each unit.

Advisor Linda Crumley of SVN | J. Beard Real Estate – Greater Houston represented the seller, Lamerie 2978, LLC. Luís Tamborrel of Keller Williams Realty, Tamborrel Group, represented the buyer, BLXCK Investments Corporation.

Lee & Associates Houston earns prestigious REDNews award

Posted on by Mia Goulart

Lee & Associates – Houston Senior Property Manager Lizette Negrin has been honored with the 2023 REDnews Property Manager of the Year award. This esteemed accolade is a testament to Lizette’s exceptional skills, dedication, and outstanding contributions to the Houston real estate industry.

“As a senior property manager at Lee & Associates – Houston, Negrin has demonstrated exceptional leadership and a deep understanding of the industry,” said Senior Managing Director Shawn Harvey. “Her ability to effectively manage complex projects, resolve issues, and foster strong relationships with clients and tenants has been instrumental in her success.”

“I am truly honored to receive the 2023 REDnews Property Manager of the Year award,” said Negrin. “This recognition calls out the hard work and dedication of our entire team at Lee & Associates – Houston. I am grateful for the opportunity to work with such talented professionals and for the trust our clients have placed in us.”

Graycor Construction helps bring Dick’s House of Sport to Houston

Posted on by Mia Goulart

Graycor has completed the renovation of two DICK’S House of Sport and Golf Galaxy locations in Baybrook and Katy, Texas. These newly redeveloped retail spaces included interior and exterior updates.

Each newly renovated DICK’S House of Sport store totals about 100,000 square feet. The House of Sport store concept includes in-store experiences such as a climbing wall and multi-sport cage, while Golf Galaxy features golf simulation hitting bays and a putting green. The newly designed stores also feature new clerestory windows, allowing more natural light to filter in. Throughout the process of re-merchandising and reopening the stores, Graycor’s team remained actively involved.

Graycor Construction Company was the general contractor and Fox Design was the project architect for the two projects.

Cushman & Wakefield arranges sale of two Houston-area multifamily communities

Posted on by Mia Goulart

Cushman & Wakefield has arranged the sale of two multifamily communities—Amalfi at Tuscan Lakes and Sorrento at Tuscan Lakes. The communities are in League City, Texas, and together total 532 units.

John Carr, Jennifer Campbell, Ben Fuller, Josh Hoffman, Avery Klatt, Asher Hall, and Grant Raymond of Cushman & Wakefield represented the seller in the transaction. Both multifamily communities were sold by Sachs Companies.

Amalfi Tuscan Lakes and Sorrento Tuscan Lakes have 328 and 204 units, respectively, and are located at 1450 E. League City Pkwy and 1455 Louisiana Ave. Both communities are strategically positioned in the rapidly growing Houston suburb of League City where residents enjoy convenient access to an abundance of employment centers and retail establishments. The communities were built in 2008 but represent a timeless portfolio with attractive architecture, well-groomed landscaping, and a multitude of community amenities such as pools, fitness centers, dog parks and picnic areas.

  • 1450 E. League City Pkwy
  • 1455 Louisiana Ave.

Sale of newly built multi-housing community in Houston MSA closes

Posted on by Mia Goulart

JLL Capital Markets has closed the sale of and arranged the financing for The Wildwood Apartments, a 300-unit, newly developed, institutional, Class A multi-housing community located in the Houston suburb of Richmond, Texas.

JLL represented the seller, Allen Harrison Company, and Price Realty Corporation acquired the asset. JLL also worked on behalf of the new owner to secure the seven-year loan through New York Life Real Estate Investors.

Built in 2022, The Wildwood features one- and two-bedroom units with wood-style flooring, open-concept floorplans, stainless steel appliances, natural stone countertops, private yard and patios and spacious closets. Community amenities include a conservatory, dog parks with observation pavilion, private attached and detached garages and carports, gated entry, secure package lockers and package room, a club house with library and kitchen, a resort-style swimming pool and a 24-hour fitness center. The Wildwood is located within the highly amenitized Veranda master-planned community, which provides residents access to a yoga lawn, playgrounds and hike and bike trails.

Situated 24500 Wildwood Park Road, The Wildwood provides easy access to both Highway 59 and the Grand Parkway, allowing residents efficient connectivity to the rest of the Houston MSA. This includes many employment hubs, medical resources and entertainment/dining establishments throughout Katy, Sugar Land and Richmond. Richmond’s prime location is just 30 miles from Downtown Houston. OakBend Medical Center and UT Health, as well as Brazos Town Center North and South are located within one mile of the property.

The JLL Capital Markets Investment Sales Advisory team is led by Managing Director Dustin Selzer. Senior Managing Director John Brownlee led the JLL Capital Markets debt advisory team.

Portside Logistics Center in Houston complete

Posted on by Mia Goulart

Stream Realty Partners has completed Portside Logistics Center, a one-million-square-foot industrial project in the highly sought-after Southeast Houston (Port) industrial submarket.

The national commercial real estate firm offering an integrated platform of services developed the Class AA, two-building industrial project in a joint venture with Principal Asset Management. Immediate occupancy is now available for users from 122,971 square feet to over one million square feet.

Portside Logistics Center is located at 4838 and 4908 Borusan Road in Baytown, Texas. The speculative industrial development offers immediate access to Grand Parkway (State Highway 99), Interstate 10, Highway 225, and Highway 146, allowing expedited access to Port Houston’s two container terminals–Barbour’s Cut and Bayport.

Portside Logistics Center offers multiple configurations with an expandable 760,000 square-foot cross-dock building and a flexible 260,000-square-foot front-load building which will offer a 40-foot clear height and 36-foot clear height, respectively. Both buildings were developed to the highest standards, featuring speculative office space, LED warehouse lights, a white-boxed interior warehouse, and fully fenced and secured truck courts. The project is seeking LEED certification.

The project broke ground in Q3 2022. Corporate neighbors include Ikea, Walmart, The Home Depot, Niagara Bottling, and Floor & Decor. Kyle Fletcher assisted in the development management of Portside. Robinson, Senior Director Tyler Wellborn, and Director Craig McKenna provided oversight on the ground-up development of the facility. Tyler Maner and Jeremy Lumbreras will serve as leasing agents for the project.