Houston, March 31, 2022 – Colliers is pleased to announce the sale of ±4.8 acres (Lot 3) in Tomball Business and Technology Park located on South Persimmon Street in Tomball, Texas. The buyer, Ralco Houston, Ltd., was represented by Randy Nerren of NewQuest Properties. Tom Condon, Jr., Principal of Colliers in The Woodlands, represented the seller, Tomball Economic Development Corporation (TEDC), in the transaction. Jane Mathews with Stewart Title in Tomball coordinated the closing.

Ralco Houston purchased Lot 3 with plans to build a 45,500 square foot distribution center for the Billiard Factory in Phase I, with the ability to expand an additional 20,250 square feet in Phase II.

Tomball Business and Technology Park is a ±100 acre master planned and deed-restricted business park situated just east of the Tomball Tollway along Holderrieth Road and Hufsmith Kohrville Road. The industrial park features light industrial zoning, fully served with all utilities, and easy access to SH 249, FM 2920 and the Grand Parkway.

The property is located in Houston’s North Freeway/Tomball Parkway industrial submarket. The submarket contains 38.7 million square feet of industrial space, which is currently 94.6 percent occupied. The average asking market rental rate is $8.69 per square foot and there is 466,000 square feet of industrial space currently under construction in the submarket.

Houston, March 29, 2022 – Kimco awards Colliers the leasing assignment for three Baybrook area properties: Baybrook Gateway, Center at Baybrook, and their new development, Shops at Baybrook. The properties are adjacent to each other on the Gulf Freeway at the southeast corner of Bay Area Boulevard and have suites available from 2,400 square feet to 39,998 square feet as well as a 1-acre pad site.

Heading up the assignment from Colliers for Baybrook Gateway and Center at Baybrook is Kimberly Lenardson and Cody Persyn. While the Shops at Baybrook will be headed by Hannah Tosch and Wade Greene.

Future Shops at Baybrook

New tenants for the properties will join retailers such as Party City, World Market, Michaels, Barne’s & Noble, buy buy Baby, Bed Bath & Beyond, Bel Furniture, Hobby Lobby, James Avery, and Jared. Escalante’s, La Madeline, Pappas Delta Blues Smokehouse, Pappas Seafood House, and BB’s are some of the restaurants.

“We are very excited for our new relationship with Kimco and these three Baybrook area properties,” said Kimberly Lenardson, Vice President of Colliers, “The existing retail and restaurant tenants in this market are performing very well for the most part, which is contributing to the area’s occupancy remaining tight.”

The properties are located in Houston’s NASA/Clear Lake retail submarket. The submarket consists of 28.8 million square feet of retail space, which is 94.7% occupied. In addition, there is 140,000 square feet of additional space under construction in the submarket.

About Colliers International Group Inc.

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

The Traveling Spirit, LLC leased 2,000 square feet at 5151 Mitchelldale in Houston, TX. Justin Harrity represented the landlord, Hartman Income REIT.

CONROE, TX, March 22, 2022 – With pre-construction leasing already at 75 percent of initial capacity, officials behind an innovative new retail and commerce complex have confirmed plans to triple the size of the overall project.

Construction on the first phase of Robinson Plaza, a 9,625-sq.ft. retail and business center located at the intersection of Robinson and Hanna Roads in Oak Ridge North, is nearing completion. Officials with developer MHW Real Estate have announced the expansion of the project to include two additional buildings of the same size – bringing the total available commercial space to nearly 30,000-sq.ft.

“Interest from the retail business community and service industry professionals has exceeded our initial expectations,” said Reese Brown, project manager for MHW Real Estate. “We anticipate releasing space for build-out to clients and breaking ground on the two new buildings by late summer.”

In addition to favorable economic conditions in The Woodlands area, Brown credits interest in the $4.5 million project to a favorable location and highly flexible design characteristics that include high ceilings and rollup, overhead doors in the rear for easy and convenient access.

“The site has good exposure and high traffic counts,” noted Brown. “This will only improve with completion of Oak Ridge North’s Robinson Road project.”

That project will realign the current dogleg Robinson Road into an unimpeded four-lane highway. This realignment will improve traffic and accessibility in the area, according to Jordan Buras, director of economic development for the city of Oak Ridge North.

“We are very excited to be working with MHW on this project,” she said. “New economic growth and improved traffic mobility will be a benefit to all concerned.”

While most space in Phase one of Robinson Plaza is under contract, officials with MHW say leasing for Phase II is underway. Domino’s Pizza, Snobz Salon and La Michoacana Ice Cream are among clients who have confirmed participation in phase one of the project.

“The design of Robinson Plaza is well suited to retail operations, service industry businesses and light manufacturing,” said Brown. “We are looking to anchor the site with a good quality casual restaurant with outdoor dining (pet friendly), to ensure a good mix of retail, commercial and service industry businesses.”

Robinson Plaza is a project of MHW Real Estate, a Conroe-based, commercial real estate investment and development company active throughout Montgomery, Harris and Walker Counties. For more information, call 281-651-4898 or visit www.mhwre.com.

We Care RX Pharmacy, PLLC leased 2,786 square feet at 15995 N. Barkers Landing Road in Houston, TX. Kacie Skeen represented the landlord, Hartman Income REIT.

An undisclosed buyer purchased a 2.203 Acre plot located at the Northeast corner of Mason Road and Franz Road, Katy, TX 77449. CMI Brokerage represented the Seller.

CMI Brokerage is an affiliate of Central Management, Inc.

Central Management, Inc. (CMI) is a professional real estate brokerage and asset management firm catering to the real estate investor, offering full-service Commercial Real Estate services. Services include Brokerage, Property Management and Leasing – in Houston and Dallas. CMI is one of the 27 AMOÒ accredited firms based in Houston, or with a Houston Branch.