Tulsa Inspection Resources leased 2364 square feet at 1001 South Dairy Ashford Road in Houston, Texas. Kacie Skeen represented the landlord, Hartman Income REIT

PROPLANT leased 2505 square feet at 616 FM 1960 in Houston, Texas. Trey Young with Young Capital Partners, LLC represented the tenant and Thomas Emde represented the landlord, Hartman Income REIT.

DSS, Inc. renewed and expanded to 3855 square feet at 1400 Broadfield Blvd in Houston, Texas. Ami Figg represented the landlord, Hartman Income REIT

(HOUSTON) – Poynter Commercial Properties Corp., the exclusive leasing agent for Energy Tower in Houston, and ATLAS ENERGY TOWER LLC, an affiliate of ATCAP PARTNERS announced today that 79,619 square feet of office space has been leased at the 14-story, 325,000-square-foot office tower located at 11700 Katy Freeway.

Kimley-Horn and Associates, Inc. inked an extension of their existing lease and expanded their presence in the Building, a transaction totaling 47,216 square feet. Kevin Poynter of Poynter Commercial Properties Corp represented the Landlord while Kris Knapstein and Drew Morris of Savills (Houston) represented the Tenant.

SK Lubricants Americas, Inc., SK Energy Americas, Inc., SK E&P Company, and SK GC Americas, Inc., extended their Energy Tower lease in a 23,624 square foot lease transaction. Kevin Poynter of Poynter Commercial Properties Corp represented the Landlord. The Tenant was represented by Jason Whittington of NAI Partners.

Raizen North America, Inc. signed a long-term 4,836 square foot lease transaction in the Building. Kevin Poynter of Poynter Commercial Properties Corp represented the Landlord, and representing the Tenant was Don King of JLL.

Spartan Group Holdings. leased 3,943 square feet in another recent transaction. Kevin Poynter of Poynter Commercial Properties Corp represented the Landlord while Hugh Herman of Cushman Wakefield represented the Tenant.

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.

Olive Tree Affordable Housing, an affiliate of Olive Tree Holdings, a mission driven private investment company focusing on value-add multifamily projects in dynamically growing markets across the United States, today announced its plans for a $25 million, full-scale capital improvement program at The Life At Grand Oaks in Houston,. With improvements currently underway, the 556-unit affordable multifamily complex’s modernization is on schedule to be completed mid-year 2023.

Interior upgrades across the 556-unit community include the implementation of new flooring, countertops and vanity tops, elevated lighting fixtures, new sinks with accompanying service lines to kitchen and bathroom areas, and HVAC replacements. To date, 177 residence upgrades have been completed, with an additional 64 units in progress. Exterior upgrades completed thus far include the resurfacing of the pool and deck amenity areas, parking lot and concrete walkway replacements, irrigation system and masonry repairs. In addition, Olive Tree Affordable Housing has invested $100,000 in upgraded security features throughout the complex, including the installation of high-resolution cameras and enhanced LED lighting, a panelized privacy wall along the complex’s exterior, and more.

Remaining rehabilitation efforts at The Life at Grand Oaks include the additions of new exterior siding and wood, fresh exterior painting, the installation of new windows and gutters throughout the complex, landing area and patio resurfacing, and the creation of an on-site dog park. The Life at Grand Oaks leasing office will additionally undergo interior upgrades as current and prospective residents look to visit and tour the community.

Built in 1982, The Life at Grand Oaks was acquired by Olive Tree Holdings in 2021. JPMorgan Chase provided $56 million in construction financing as well as a more than $45 million Fannie Mae Multifamily Tax-Exempt Bond (MTEB) permanent loan for the substantial capital improvement project, ensuring the project qualified for LIHTC equity through the utilization of tax-exempt bonds. The community consists of one and two-bedroom apartment homes reserved for those earning up to 60% of the area median income (AMI). Community amenities include a swimming pool, resident clubhouse, cyber room, on-site laundry center, playground, and picnic pavilion.

To date, Olive Tree Affordable Housing has preserved the affordability of over 4,000 units nationwide, including more than 865 within the Houston-metro area, totaling $125 million in development costs.

Avison Young’s Drew Coupe and Dawson Smith who are both out of the firm’s Houston office have been tapped to market NorthStar Industrial Park, a Class-A industrial redevelopment project located at 100 FM 3083 in Conroe, Texas. The 79-acre site, which currently encompasses five manufacturing and warehouse buildings totaling just under 200,000 square feet, was formerly the U.S. headquarters of The BAUER Group’s subsidiary, NEORig. As part of its efforts to maximize the value of its former site, BAUER has also teamed up with DIBAG Industriebau AG, a German real estate developer that will provide additional consulting services and real estate expertise alongside Avison Young.

The BAUER Group, an international construction and machinery manufacturing concern with more than 110 subsidiaries in some 70 countries that provides services, machinery and products for ground and groundwater, has owned the Conroe property since beginning development of the park in 2009. BAUER’s business plan is to lease the five existing Class-A buildings as well as market opportunities for both distribution and manufacturing build-to-suit projects on the site’s 31.5 acres of excess land. Once built out, NorthStar Industrial Park could total up to 500,000 square feet of building space.

NorthStar Industrial Park is strategically located east of Interstate 45 with access from both Loop 336 and FM 3038 and is about one hour north of Houston. The greater Houston industrial real estate market continues to exhibit strong fundamentals, sitting at around 6% vacant today.