Category: Southeast Texas Deals & Announcements

Private investment firm picks up Sugar Land office building

Posted on by Mia Goulart

JLL Capital Markets has closed the sale of 77 Sugar Creek, a 143,410-square-foot, Class-A office building in Sugar Land, Texas.

JLL, in conjunction with online commercial real estate auction platform RI Marketplace, represented the seller, CWCapital. InLight Capital purchased the asset for an undisclosed amount.

77 Sugar Creek is positioned on a 6.13-acre site about 20 miles SW of Houston’s CBD. Located directly off of Highway 59 near its intersection with Highway 90, the office building has convenient access to the entire Houston metropolitan area. As one of Houston’s most desired residential suburbs, Sugar Land also features an abundant amenity base of nearby hotels, restaurants and retailers.

Renovated in 2018, 77 Sugar Creek has six stories of office space featuring floor-to-ceiling windows and high-quality common areas. The property is currently 66.3% leased as of August 2023.

The JLL Capital Markets Investment Sales and Advisory team representing the seller was led by Senior Director Rick Goings and Senior Managing Directors Marty Hogan and Will Sledge.

Partners Real Estate arranges 12,082-square-foot office lease with Guntermann & Drunck in Houston

Posted on by Mia Goulart

Partners Real Estate, one of the largest independent commercial real estate firms in Texas, recently arranged a 12,082-square-foot office lease with Guntermann & Drunck located at 4540 Kendrick Plaza Drive in Houston.

Guntermann & Drunck is the leading KVM manufacturer for control room applications & is regarded as one of the foremost manufacturers of digital and analog KVM solutions.

Partners’ John Zivley represented the tenant in the transaction. The landlord, EastGroup Properties, LP, was represented by Logan S. Greer, SIOR with Insite Realty Partners L.P.

Partners Real Estate arranges sale of 4,000-square-foot retail property in Houston

Posted on by Mia Goulart

Partners Real Estate (Partners), one of the largest independent commercial real estate firms in Texas, arranged the sale of a 4,000-square-foot retail property located at 8534 Gulf Freeway in Houston.

Partners’ Davis Amanyisye represented the seller, Jdbm Texas LLC in the transaction. The buyer was represented by Sunny K. Durrani of Realm Real Estate.

Lovett Industrial and PCCP acquire two industrial business parks in Houston

Posted on by Mia Goulart

Lovett Industrial, the Houston-based real estate investment firm and PCCP, LLC, a national commercial real estate investment firm have acquired the Claymoore Portfolio, consisting of 1,390,900 square feet across 10 Class A industrial buildings in Houston’s NW submarket.

The Claymoore Portfolio, comprised of Claymoore Business Park and Northwest Business Park, features highly functional warehouses that provide a diverse range of site plans and suite sizes ranging from 12,000 to 275,000 square feet. Located on Clay Road and Beltway 8, Claymoore Business Park features eight cross-dock and front-load buildings totaling 1,019,000 square feet, 18- to 24-foot clear heights, and 960 parking spaces. Situated on West by Northwest Boulevard and Highway 290, Northwest Business Park features one cross-dock and one front-load building totaling 378,900 square feet, 24-foot clear heights, and 746 parking spaces. The portfolio is 100% occupied by 21 tenants that have a weighted average tenure of over 11 years.

The business parks’ core, infill locations allow for immediate access to Beltway 8 and Highway 290 and close proximity to Interstate 10, providing occupants the ability to service some of the metro’s most densely populated and affluent areas. The portfolio represents a unique opportunity for scale in the heart of the largest and most established industrial submarket in Houston.

Marketing and leasing efforts for the portfolio will be exclusively handled by Brian Gammill, Jude Filippone, and Darryl Noon of Transwestern. Trent Agnew of JLL served as broker on the transaction. Acquisition financing is provided by Voya Financial and was arranged by Michael Johnson and Wally Reid of JLL.

The Claymoore Portfolio is Lovett Industrial’s second stabilized property acquisition and will be managed by Lovett Industrial Management. Additionally in the Houston area, Lovett Industrial has 3.2 million square feet under construction and 3.3 million square feet of completed developments between seven projects.

Cushman & Wakefield represents JMB in Houston law firm lease at 1001 Fannin in Houston

Posted on by Mia Goulart

Cushman & Wakefield has arranged a 7,541-square-foot lease with Hogan Thompson Schuelke LLP at 1001 Fannin on behalf of JMB Realty Corporation.

Brad Beasley and Chip Colvill of Cushman & Wakefield represented the landlord in the lease negotiations. Joshua Brown and Kaitlyn Duffie of Newmark represented the tenant.

The 47-story LEED Gold certified tower includes 1.3 million square feet of flexible and efficient office space with eight corner offices per floor, 25,000 square feet of retail and amenity space, a tunnel-connected parking garage and a new fitness center.

HDA completes Mike Hopkins Distributing brand-infused addition and renovation in Brenham

Posted on by Mia Goulart

HDA Architects, the beverage wholesaler’s choice for facility needs across the U.S., recently completed a 28,000-square-foot expansion and renovation for Mike Hopkins Distributing in Brenham, Texas.

The expansion consists of a controlled temperature warehouse that includes offices and a customer pick-up area. The existing warehouse and coolers were also renovated with updated ancillary and storage areas and a new, enlarged keg cooler. A connector was designed to link the new and existing facilities and features an area to house equipment for charging purposes.

Construction for the addition used concrete insulated tilt-up walls with steel joists and a TPO membrane roof system. A large custom painted wall mural of the company’s logo is a prominent feature of the elevation as you approach the facility, instilling a sense of pride and brand identity to visitors and employees alike.