Solar Warrior, LLC leased 2,255 square feet at 3707 FM 1960 in Houston, Texas. Bryan Collins represented the landlord, Hartman Income REIT. 

PHOTO COURTESY OF NICK TERAN PHOTOGRAPHY CONCEPTS & SHOP COMPANIES

SHOP Companies announced that they have officially represented MOD Pizza in its growth to over 50 units in the Greater Houston MSA. SHOP Companies Chris Reyes and Tyler Trevino exclusively represent the nationally recognized fast-casual pizza chain in Houston and South Texas.

“It has definitely been a humbling opportunity and even more exciting journey being able to see what we have accomplished over the years,” said Chris Reyes. He has worked with MOD since 2013 when the company had only a few locations in Seattle, Washington. Since then MOD Pizza has become the largest fast casual concept totaling over 500 locations system-wide in North America.

MOD Pizza has experienced continued success in the Greater Houston market while demonstrating resiliency throughout various economic climates.

John Buckley and Jack Gaffney of Finial Group renewed a lease at 6820 Bourgeois Road in Houston, Texas. The tenant, 11 Below Brewing Company, brews unique craft beers, serving draft beers throughout the Greater Houston area.

The 10,611-square-foot building is located in the Four Seasons business park in Northwestern Houston, with proximity to State Highway 249, Beltway 8, and FM 1960.

John Buckley and Jack Gaffney represented the landlord in this transaction.

CBRE announced the sale of The Pines Business Park I & II, a six-building logistics portfolio totaling 281,481 square feet. The property is located at 600-608 and 612-620 Spring Hill Drive, respectively, in Spring, Texas. Nuveen purchased the portfolio from AEW for an undisclosed price.

Randy Baird, Jonathan Bryan, Ryan Thornton, Nathan Wynne and Eliza Bachhuber with CBRE National Partners arranged the transaction on behalf of the seller.

Strategically located in the growing city of Spring, the property has direct access to I-45 and is less than five miles from The Woodlands, a key industrial hub in Houston. The property was 100% occupied at the time of sale with an average remaining lease term of 3.66 years.

According to CBRE’s Q2 2022 Houston MarketView, Houston had its second-largest quarter in over 20 years with 7.8 million square feet of positive net absorption in Q2. In the North Houston submarket alone, there were nearly 2.3 million square feet of net absorption alone, bring the vacancy rate to 5%.

SVN | J. Beard Real Estate – Greater Houston has recently completed the sale of a seven-acre tract of land in Tomball, Texas at the corner of Rudolph Road and E. Hufsmith Road to Equalizer USA Inc., owned by Adam Vetter and Joseph Vetter, for an undisclosed price. Currently being used as a baseball training complex, the special-use property includes indoor training facilities, along with two baseball fields and associated practice facilities.

Jeff Beard, CCIM, of SVN | J. Beard Real Estate – Greater Houston represented the sellers, High Heater LLC. Jacqelyn Prosch of Alpha Commercial Group represented the buyer in the transaction.

“The baseball facility has been a long-time fixture in Tomball for many years and was previously home to Banditos Baseball Club, which recently announced a relocation to Premiere Baseball at 2020 Cypress Rosehill Dr. in Tomball,” said Beard. “Generating multiple offers, the buying interest was strong as a result of the property’s Tomball location and surrounding growth.”

Nova Pension Consulting, LP renewed 3,440 square feet at 1400 Broadfield Blvd in Houston, Texas. Ami Figg represented the landlord, Hartman Income REIT.