Longbridge Financial leased 2,270 square feet at 400 North Sam Houston Pkwy E. in Houston, TX. Thomas Emde represented the landlord, Hartman Income REIT.

Will serve as epicenter for mobile blood drives in Brazos Valley HOUSTON

(April 26, 2022) – Arch-Con® Corporation is breaking ground on a new blood donor facility in College Station, Texas for Gulf Coast Regional Blood Center, one of the largest blood donation organizations in the United States. The 3.53-acre site located on the northwest corner of Krenek Tap Road and Highway 6 will serve as a hub for launching mobile blood drives in the Brazos Valley and the newest Gulf Coast Regional Blood Center donation location for community members to donate lifesaving blood.

“Gulf Coast Regional Blood Center’s new location, a short distance away from our current donation center in Bryan-College Station, will allow us to continue to serve the community and be a central location for our operations and mobile services,” Gulf Coast Regional Blood Center’s Chief Financial Officer Eric Eaton, who oversees the organization’s building and fleet management, said. “We are happy to have found and purchased this land within the community that continues to support our mission and Commit for Life.”

Headquartered in Houston, Gulf Coast Regional Blood Center’s mission is to work with communities to help save and sustain lives by providing a safe supply of blood, biotherapies and related services. The organization provides blood and blood components to more than 170 hospitals and healthcare facilities in 26 Texas counties and has helped save millions of lives in the Texas Gulf Coast region. The organization needs about 1,000 blood donations every day to serve these hospitals as each week, thousands of area patients need blood to survive. Blood is vital during surgeries, organ transplants, cancer treatment and trauma patients.

The new state-of-the-art, one-story, 10,800-square-foot, pre-engineered metal building designed by Powers Brown Architects features a light-filled reception area, four screening rooms, and a large area dedicated to blood donation with eight donation stations. The building’s efficient design includes warehouse and mobile preparation space to support the Gulf Coast Regional Blood Center’s outreach services. The facility also includes administrative offices, training areas and storage for donation equipment and materials. This location will replace the donor center known locally as The Blood Center of Brazos Valley, located at 1701 Rock Prairie Road that the nonprofit leased in College Station for more than a decade. Thanks to an increase in parking with 53 spaces, the new location will also resourcefully serve as home base for their donation coaches and eight hospital service vans that mobilize in the Bryan-College Station area.

Vice President Taylor Wright with Colliers, a global leader in real estate services and investment management, helped identify and purchase the land purchase for the organization. “We first looked at pre-existing structures but nothing satisfied Gulf Coast Regional Blood Center’s high commitment to the community,” Wright said. “Ultimately, Colliers was able to identify and successfully negotiate the acquisition of a large tract of land on Highway 6 which aligned perfectly with Gulf Coast’s stated goals.

Colliers Senior Project Manager Neil Potter was engaged in parallel with the acquisition of the land to spearhead development of the new building by providing design, construction, and advisory services for the organization. General contractor Arch-Con® Corporation worked with the team during the design and development process to keep the project in budget. Infrastructure Associates is the mechanical, electrical and plumbing engineer, and Pinnacle Structural Engineers and Kimley Horn are the civil engineers. The building is projected to open the beginning of 2023.

MetroNational, the Houston-based, privately-held real estate investment, development, and management company, announced today that construction is underway for their latest Class-A office building at 9753 Katy Freeway, situated at the southwest corner of Katy Freeway and Bunker Hill. Adjacent to the reimagined Lawn at Memorial City and new luxury high-rise, The McKinley, 9753 Katy Freeway completes a new mixed-use urban development, offering tenants a vibrant and curated mix of nearby restaurants, hotels, retail and entertainment. The new office building is projected for completion in Q2 of 2023.

The Next Generation of Office Space

As the newest addition to Memorial City’s evolving 10 million square-foot campus, 9753 Katy Freeway is defining a new approach to the future of office buildings. Originally envisioned for construction in early 2020, MetroNational seized the opportunity during the pandemic to reimagine the workplace experience and redeveloped their vision for 9753 Katy Freeway.

Designed by Kirksey Architecture, the 190,000 square-foot, contemporary nine-story Class-A office building will serve as a beacon for companies seeking a resilient and engaging workplace environment. The main features of the modern grand, two-story lobby will be a 27-foot art wall, which will serve as a backdrop to a uniquely patterned terrazzo floor. The glass facade of the building will create a cohesive look with surrounding structures and become an architectural presence in Memorial City’s skyline.

Facilitating employers’ ability to attract and retain talent, 9753 will feature unparalleled, experience-focused amenities including a full-service tenant engagement building application, first-floor restaurant and retail spaces, convenient access to the Memorial City Club luxury fitness center, as well as the new Lawn greenspace for entertainment and community events. The building is also representative of Metronational’s longstanding commitment to wellness and sustainability by tracking LEED® Silver and WELL™ Building Standards.

Beyond The Work Experience

The office building’s desirable location offers an unmatched place to work, live, and be entertained with popular restaurants, shopping, and luxury high-rise residences at its doorstep. 9753 Katy Freeway – a 190,000-square-foot building with a floor plate of approximately 22,605 rentable square feet – is located steps away from the 30,000 square-foot Lawn at Memorial City, which offers visitors, residents, and office workers a lush, inviting landscape and dynamic schedule of public programming.

In addition to The Lawn, 9753 Katy Freeway is part of the 4-acre mixed-use development project that also includes The McKinley, a luxury residential tower that is the tallest multi-family tower west of Uptown Houston.

Cushman & Wakefield announced today that the commercial real estate services firm was selected to market the new development Fairbanks Northwest Distribution Center in Northwest Houston.

Jim Foreman and Allison Bergman of Cushman & Wakefield are representing the landlord, Triten Real Estate Partners, in oversight of leasing efforts.

“Triten is planning a new industrial development in an infill location to meet the increased demand for dock-high distribution space in a tight warehouse market in Houston,” said Foreman. “The buildings are designed for one or two tenants and can accommodate heavy car parking and fulfill the rapidly growing increase in need for trailer parking as well.”

Fairbanks Northwest Distribution Center is located at 7810 Fairbanks North Houston Road with nearby access to Northwest Freeway and the Sam Houston Tollway in Northwest Houston. Once constructed, the industrial property will be comprised of a total of 357,570 square feet.

As the firm reported for Q1, the Houston market’s overall industrial vacancy rate fell to 7.3%, a 110-basis point decrease compared to 8.4% in the previous quarter.

“These two bulk distribution facilities are strategically located in the most dynamic submarket in Houston,” says Will Hedges, managing partner at Triten Real Estate Partners. “Fairbanks Northwest Distribution Center will cater to the deepest part of the tenant base by providing ideal modern features for tenants ranging from 50,000 to 200,000 square feet.”

Houston, April 22, 2022 – Colliers is pleased to announce Lankford’s has signed a 3,200 square foot lease in 5200 Bissonnet Center located at 5200 Bissonnet Street in Bellaire, Texas.

Lankford’s has been a Houston restaurant staple since the 1930’s when it was converted from an old garage in Montrose to a place serving authentic American burgers, tater tots and fries, and some of the most delicious breakfast items with a true TexMex spin. Lankford’s has been owned and operated by the Lankford family for 85 years. In June 2021, the third generation of the family, Paul and Jessica Prior took over ownership.

“We have been part of the 4th Ward/Midtown community for over 85 years and we are excited to now be part of the Bellaire community,” said Paul Prior, owner of Lankford’s. “Being part of a family and community are important to us as we look to grow Lankford’s throughout Houston and its suburbs. We have our eyes on The Heights, East End, and Fulshear already.”

Originally named Lankford Grocery & Market, Paul and Jessica are making some changes to the existing location at 88 Dennis Street in Houston to increase sales with extended hours, easier paying accommodations and shortening the classic name, all while continuing to perfect their menu. He has the vision to take Lankford’s across Houston with Bellaire as their first stop.

The new location at 5200 Bissonnet Center is situated just outside 610 Loop, south of the Southwest Freeway with frontage on Bissonnet Street, 5th Street and Cedar Street.

The landlord, Sion and Michael Saghian, was represented by Emily Durham and Megan Lahti of Waterman Steele. Hannah Tosch and Wade Greene of Colliers represented the tenant, Lankford’s, in the transaction.

The property is located in Houston’s Southwest retail submarket. The submarket contains 19.3 million square feet of retail space, which is currently 95.6 percent occupied.

For further information please contact:
Hannah Tosch | Sr. Associate, Houston
+1 713 830 2192
hannah.tosch@colliers.com

Wade Greene | Principal, Houston
+1 713 830 2189
wade.greene@colliers.com

Tulsa, OK and New York, NY (April 20, 2022) — Newmark announces the $190 million sale of a 1.5 million-square-foot distribution center located on a headquarters campus in suburban Houston, Texas. The property is 100% net-leased on a long-term, absolute triple net-lease basis to Academy Sports + Outdoors—one of the leading full-line sporting goods and outdoor recreation retailers in the U.S.

Newmark Executive Managing Directors Ken Hedrick, Jerry Hopkins and Andrew Ragsdale of the firm’s Net Lease Capital Markets group and Vice Chairman and Head of Newmark’s International Capital Markets Group, Alex Foshay, in cooperation with Managing Director Kristian Nielsen, represented the seller, Tratt Properties in the sale to buyer, Mirae Asset Global Investments of Seoul, South Korea. Vice-Chairmen and Co-Heads Dustin Stolly and Jordan Roeschlaub and Senior Managing Director Nick Scribani of Newmark’s Debt & Structured Finance group facilitated financing on behalf of the buyer.

“Industrial assets occupied by high-credit tenants with strong e-commerce business continue to underlie investor interest in the net lease space,” said Hedrick. “From a logistics perspective, this property is exceptionally well-located, with access to highways in all directions. The scarcity and increasing value of land in the west Houston area further enhance the property’s value.”

The property consists of approximately 1.25 million square feet of industrial warehouse space, 250,000 square feet of flex office space, +/-800,000 square feet of mezzanine space and more than +/-93 acres of land.

“Overseas capital continues to seek out opportunity and attractive returns in non-coastal U.S. markets,” Foshay said. “With demographic and population shifts being a key indicator, Sunbelt markets—like Houston and Texas, overall—continue to grow in market share of foreign direct investment.”

Located at 1800 North Mason Road in Katy, Texas, the facility features immediate access to Interstate 10—one of the premier logistics routes in the U.S., stretching from coast to coast—and Highway 99, which circles Houston and puts all major Texas markets within a four-hour drive.