Plezia, P.C. renewed 5,539 SF at 2909 Hillcroft in Houston, Texas. Donna Svec represented the landlord, Hartman Income REIT.

“The former Luby’s at 6221 E Mockingbird Lane sold to an undisclosed buyer for 2.2 acres. The Retail Connection’s Sarah Lamb represented the seller along with two other co-brokers, Michael Miller from Stablemade Group and Walker Hairston from Falcon Realty Advisors. Terms of the deal were not disclosed.”

August 2, 2022 (Houston, TX)— The Federal Emergency Management Agency (FEMA) has signed a long-term, 17,167 square foot lease at 616 FM 1960 in Houston, TX. The U.S. Government Agency will occupy the top floor of the eight-story property beginning summer 2022. 616 FM 1960 is a class-B office building operated by Hartman Income REIT Management, Inc. and owned by one of its affiliates, a Texas-based commercial real estate owner and operator with $809m in assets under management.

FEMA’s new full-floor office space will feature standard offices and cubicle space for the agency’s 75 Houston-based field inspectors and management team. Additionally, the new full-floor lease will be retrofitted for custom cable networking and operate on an electrical grid that cannot lose power in times of crisis.

Hartman’s 616 FM 1960 office building is conveniently located at the corner of FM 1960 Road W and Cali Drive, halfway between Downtown Houston and The Woodlands. The property features a variety of on-site amenities, including a tenant lounge with a Parks Pantry Market, on-site banking with Chase Bank, free garage parking, and an on-site building engineer.

“We are delighted to welcome FEMA to our 616 FM 1960 office building. FEMA has a vital role in keeping our nation safe and more prepared for every eventuality. We look forward to serving them as our tenant in the coming years,” shared Hartman’s President and CEO, Al Hartman.

In lease negotiations, Thomas Emde represented Hartman, the landlord, and FEMA, the U.S. Government agency, represented itself.

To learn more about leasing commercial real estate in Houston, San Antonio, or DFW (Dallas Fort Worth), please contact a Hartman leasing agent at 800.880.2212 or visit www.hi-reit.com.

Collaborative Design Group LLC renewed 2,000 SF at 5151 Mitchelldale in Houston, Texas. Justin Harrity represented the landlord, Hartman Income REIT.

Houston, July 28, 2022 – Colliers has announced the sale of Vineyard Trace Apartments at 15414 Kuykendahl Road, Houston, TX. The seller, Windmill Investments, LLC was represented by Bob Heard, Chip Nash and Jaleel Adatia of Colliers.

Vineyard Trace Apartments boasts 238 garden-style apartment units spread over 8.45 acres. A strong mix of one, two and three-bedroom apartments, optimal community amenities as well as a location in Spring ISD positions this property with the perfect significant value-add potential. Two pools, a clubhouse, a sports court, a laundry facility, barbecue grills, security gate access and a playground create optimal amenities that will benefit long-term profit.

Vineyard Trace Apartments is located in the Willowbrook area of Harris County. This high-growth area has limited supply and above-market rent growth.

“Vineyard Trace is a true value add asset that is well received in the community and offered new ownership the opportunity to continue the premium upgrades that were already in progress,” said Bob Heard of Colliers Houston. “Despite volatility in the capital markets during the marketing of this property, we were able to get this deal across the finish line. It was a pleasure working with the entire Vineyard Trace ownership group and the buyer, Brookeast Capital LLC. Congratulations to all involved!”

The property is located in Houston’s Willowbrook/Champions/Ella apartment submarket. The submarket contains 40,643 units contained in 161 projects, which is currently 92.8% occupied. The average monthly rental rate is $1,107 per unit.

Colliers announces the sale of an industrial investment property located at 11424 Mesa Drive, Houston Texas. Locally based investment firm TRECAP Mesa Dr. Partners, LLC who purchased the property, was represented by Jason Tangen of Colliers in the transaction. The property was offered by Hubbard Development Company, LLC.

The industrial warehouse property features ±61,200 square feet, dock and grade loading, fenced outside storage areas and is crane-served. The property, which is 100% occupied by two tenants, was purchased as a stabilized investment by TRECAP. The industrial warehouse property is situated in Northeast Houston in close proximity to the Beltway and US 59.

TRECAP Management is a real estate investment, management and advisory services company. They own and manage investment portfolios that are comprised of assets in various property sectors, such as office, retail and industrial.

The property is located in Houston’s Northeast Highway 90 industrial submarket. The submarket contains 26.7 million square feet of industrial space which is currently 95.4% occupied. There is 319,000 square feet of industrial space currently under construction in the submarket. The annual average asking market rental rate is $8.31 per square foot.