JLL Capital Markets has closed the sale of Humblewood Shopping Center, a 163,897-square-foot power center anchored by Conn’s and Petco in the Houston-area community of Humble.

JLL marketed the property on behalf of the seller, Forge Capital Partners. South Florida-based JBL Asset Management acquired the asset.

Humblewood Shopping Center is home to a diverse mix of national and regional tenants, including Conn’s, Petco, Michaels, DSW, Five Below, Texas State Optical, Sketchers, GameStop, Honey Baked Ham, Jason’s Deli, Smoothie King, IHOP, Humble Nails, Gadget MD and Ace Cash Express.

Located at 19611 US 59, Humblewood Shopping Center is at the southwest corner of FM 1960 Bypass Rd E and Interstate 69, which is northeast Houston’s dominant retail intersection and directly across the street from Deerbrook Mall, a 1.2-milion-square-foot regional mall. The center is close to major employment centers and 2.5 miles east of George Bush Intercontinental Airport, which employs more than 35,000 people. The center serves a population of 43,280 residents within a three-mile radius earning an average annual household income of nearly $84,000.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Chris Gerard and Ryan West and Associate Erin Lazarus.

Trez Capital announced the closing of a $15.3 million loan to Windy Hill Development, LLC for the development of 300 single-family lots in the first phase of Indian Springs, a new planned community located just outside Houston, in eastern Harris County on Indian Shores Road near the eastern shores of Lake Houston. The four-phase development spans 138 acres and will have approximately 583 homes upon completion.

Indian Springs complements “lake life” with its amenity offerings, inviting residents to immerse themselves in recreational living. Residents will have access to an exclusive amenities center along with ample, beautiful walking trails and three acres of parks. Residents will enjoy the community’s proximity to Indian Shores Golf Course as well as homes zoned for Crosby Independent School District for families with school-aged children.

The planned community provides easy access to major thoroughfares and is approximately six miles north of State Highway 90. Lennar is the builder under contract to purchase all the lots within the community. Connor Investment Real Estate provided equity to purchase the land and fund the infrastructure development for the first phase of the project.

The phase one lots are expected to be delivered in 2023.

Windy Hill Development currently has 10 projects in active development, including Indian Springs, with just over 8,700 residential lots planned covering more than 3,300 acres.

OHK Global purchased a portfolio of six Fuel Depot locations in Port Arthur and Beaumont from Beyond Development Inc DBA Fuel Depot/Eclipse Development. Included in the transaction were 4200 Gulfway Drive, Port Arthur, TX 77642, 6107 West Port Arthur Road, Port Arthur, TX 77640, 700 West Gulfway Drive, Port Arthur, TX 77640, 6800 9th Avenue, Port Arthur, TX 77642, 7621 N Twin City Highway, Port Arthur, Texas 77642 and 2580 S 4th Street, Beaumont, TX 77701. Atif Ilyas of McAlpine Interests represented the buyer. OHK Global intends to renovate and rebrand the properties.

For more information on McAlpine Interests’ current sales listings, lease listings or prior transactions, please visit //www.mcalpineinterests.com.

HOUSTON – July 19, 2022 – Stream Realty Partners and Austin-based CapRidge Partners capped off the first half of 2022 by welcoming two new energy tenants to Memorial Tower One at 1616 S. Voss Road. Houston-based U.S. Energy Corp., an independent energy company focused on the acquisition and development of oil and natural gas-producing properties, signed an 11,000-square-foot lease. Cody Little of JLL represented U.S. Energy Corp. Extex Operating Company, an oil and gas exploration and production company, signed a 10,289-square-foot lease. Val Festari represented the tenant. Stream Houston Managing Director Ryan Barbles and Vice President Matthew Asvestas represented CapRidge Partners in all transactions.

Memorial Tower One is part of CapRidge Partners’ extensive Houston portfolio. The leading commercial real estate investment firm owns three Class A office buildings in the San Felipe/Voss submarket: Memorial Tower One, Memorial Tower Two, and Woodway Tower. They also own Briar Forest Crossing in the Westchase submarket and the Woodbranch Building in the Energy Corridor.

Memorial Tower One, Memorial Tower Two, and Woodway Tower underwent extensive renovations in 2020, including upgraded common areas, new lobby finishes, tech-forward conference spaces, enhanced landscaping, and ample parking. The updated Class A office buildings provide a tenant-friendly office environment in an ideal location.

“Our office is in a great location–very convenient for both our employees and our clients,” said Memorial Tower Two tenant Frank Vandiver, President and Co-Founder of Title Houston Holdings. “Not only is Memorial Tower Two in a great location between the Memorial Villages and the Galleria, but the building also has useful amenities, the management group is responsive, and ownership is truly top-notch.”

Stream has completed nearly 100,000 square feet of transactions at CapRidge Partners’ Memorial Tower One, Memorial Tower Two, Woodway Tower, Briar Forest Crossing, and Woodbranch Building so far this year.

Additional leasing announcements for some of CapRidge Partners’ buildings include:

Memorial Tower Two

· Title Houston Holdings signed a 6,239-square-foot lease at Memorial Tower Two, 7500 San Felipe St.

· Ophthalmic Plastic Surgeons of Texas signed a 5,729-square-foot lease at Memorial Tower Two, 7500 San Felipe St. Dan Boyles of NAI represented the tenant.

Woodway Tower

· Allegiance Bank signed a 6,123-square-foot lease at Woodway Tower, 6363 Woodway Drive. Collin Grimes of CBRE represented the tenant.

Woodbranch Building

· Old Republic Title signed a 5,563-square-foot lease at Woodbranch Building, 12012 Wickchester Lane. Charlie Neahaus and Harry Holmes of NAI represented the tenant.

· LW Survey Co. signed a 3,659-square-foot lease at Woodbranch Building, 12012 Wickchester Lane. Thomas Berry with Savills represented the tenant.

· Mexico Ships US Employeeco signed a 3,493-square-foot lease at Woodbranch Building, 12012 Wickchester Lane. Alex Taghi with NAI represented the tenant.

“CapRidge’s speed to execution and ability to structure deals creatively has led to continued leasing momentum across the portfolio,” said Asvestas. “It is great to see tenants across all industries committing to long-term leases in high-quality buildings. We hope the second half of the year is as active as the first.”

Memorial Tower One, Memorial Tower Two, and Woodway Tower offer a premier location between the Memorial Villages and Tanglewood. The office buildings are only minutes from The Galleria, restaurants, hotels with desired amenities, and some of the most prestigious neighborhoods in Houston. The buildings offer convenient access to Loop 610, the Katy Freeway, Memorial Drive, Interstate 10, Westheimer Road, and Beltway 8. For leasing information, contact Stream Houston at 713.300.0300.

About Stream Realty Partners

Stream Realty Partners is a full-service commercial real estate firm with integrated offerings in leasing, property management, tenant representation, development, construction management, investment sales, and investment management services. Headquartered in Dallas, Stream is dedicated to sourcing acquisition and development opportunities for the firm and its clients. Since 1996, the company has grown to a staff of more than 1,100 professionals with offices in Atlanta, Austin, the Carolinas, Chicago, Dallas, Denver, Fort Worth, Houston, Greater Los Angeles, Nashville, Northern Virginia, Phoenix, San Antonio, and Washington, D.C. Stream completes more than $5.8 billion in real estate transactions annually and is an active investor and developer across the nation. Visit www.streamrealty.com.

About CapRidge Partners

CapRidge Partners is a fully integrated operating company with decades of experience focused on value-add real estate investments in nine growth markets. Their long tenure in the industry has helped them develop strong relationships with brokers, tenants, and owners in their markets. By utilizing their investment and operational expertise during underwriting, the business plan can be crafted based on realistic expectations and capabilities. Vertical integration maximizes return for investors due to the seamless communication between the operations and investment teams throughout the lifecycle of an asset. Their culture of customer service, disciplined processes, and a long track record of “doing what we say we will do” have helped them craft a reputation they take great pride in.

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CONTACT:
Brian J. Medricka
Stream Realty Partners
Director, National Communications, Public & Media Relations
214.560.3033

Tulsa Inspection Resources leased 2,364 SF at 1001 S Dairy Ashford Road in Houston, Texas. Kacie Skeen represented the landlord, Hartman Income REIT.

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