News Release For Further Information Contact:
For Immediate Release Kevin Poynter, Poynter Commercial Properties
June 15, 2020 281-854-2170 / KPoynter@PCPTX.com
(HOUSTON) – Poynter Commercial Properties Corp. has again been appointed as the exclusive leasing agent for the Energy Tower building located at 11700 Katy Freeway. Energy Tower is now under the new ownership of ATLAS ENERGY TOWER LLC, an entity associated with Dallas-based ATCAP Partners, LLC. Kevin Poynter, the principal of Poynter Commercial Properties Corp, was part of the original Ownership that developed Energy Tower and has been involved in every lease transaction in the project since its inception over 20 years ago; totaling nearly 1,000,000 sf. Poynter commented “We are very excited to be working with Atlas Energy Tower LLC and welcome their innovative approach to management and leasing.” Poynter further commented “David Cartwright, a principal at ATCAP Partners, has implemented a hands-on management approach and has appointed Cedar Ridge Services to the be the on-site property manager. Cedar Ridge Services has substantially decreased operating expenses while increasing the Tenant Satisfaction Index. With an onsite 5,000 sf freestanding Fitness Center, 200 person multi-functional Conference Facility, newly finished full service Peppercini’s restaurant, indoor and outdoor dining, and an outdoor putting green; Energy Tower is one of the most amenitized properties available to tenants in the Energy Corridor. Poynter Commercial Properties Corp. is a privately-owned Houston based real estate firm specializing in Development, Owner Representation, Tenant Representation, Property Management, Spatial Assessments, Construction Management, Market Analysis, Acquisition, Disposition, Geographic & Demographic Studies, and Feasibility Analysis. To learn more about Poynter Commercial Properties Corp. visit our website at www.pcptx.com.
Avison Young negotiated a 12,250-square-foot office lease renewal on behalf of professional engineering consulting firm, RCP Inc., located at 801 Louisiana in Houston’s central business district. RCP Inc., the tenant, was represented by Avison Young principal Anthony Squillante and vice president Josh Morrow, who are based in the company’s Houston office. The landlord, 801 Louisiana Partners, L.P., was represented by Trey Miller of Boxer Property. “RCP Inc. has called 801 Louisiana home for approximately 10 years and I am pleased that we could assist them with extending their stay for even longer,” said Squillante. “Employees at RCP will continue to enjoy easy access to the tunnel system and popular downtown attractions such as the Theater District and Tranquility Park,” said Morrow. Since 1995, RCP Inc. has been one of Houston’s leading providers of regulatory compliance and engineering services. The professional engineering firm provides a broad scope of services that include compliance program development, risk management services, technical writing and acquisition support. The RCP team consists of nearly 60 regulatory experts and professional engineers. “Anthony and Josh provided valuable assistance in selecting and performing detailed analysis and comparisons of our office space options in downtown Houston,” said W. R. (Bill) Byrd, PE, president of RCP Inc, of RCP Inc. “After an eight-month process we were able to negotiate a renewal of our current office space on very favorable terms. I am grateful for the expertise and guidance provided by Avison Young.”
Brennan Investment Group co-founder and managing principal, Tod Greenwood, will become executive director of build-to-suit development and lead Brennan’s expanded efforts in the build-to-suit arena. Since the company’s founding in 2010, Greenwood has worked in the Houston office focusing on both speculative and build-to-suit development. The appointment of Greenwood to this position will support Brennan’s recent announcement concerning its corporate real estate solutions (CRES) initiative. Through CRES, Brennan seeks to help corporations improve industrial supply chain efficiencies by purchasing surplus assets, entering into sale-leaseback transactions and constructing new facilities. “Tod’s role places him at the tip of the spear for global supply chain reconfigurations,” said Michael Brennan, chairman of Brennan Investment Group. “Whether caused by geopolitical factors or the rapid advance of applied technology that bolsters e-commerce and manufacturing reshoring, the supply chains of tomorrow will bear no resemblance to their current form.” Greenwood has a long history in development, beginning in 1997 at the Trammell Crow Company, where he led their industrial development business in Houston. After Trammell Crow, he ran the day-to-day development operation for Crosswell Greenwood, a regional retail development company. Most recently, Greenwood completed build-to-suit projects in Austin, Houston, Port St. Lucie, Florida, and Londonderry, New Hampshire.
CBRE announced the sale of a 170,476-square-foot distribution center at 730 Genoa Red Bluff Road in Houston. Nathan Wynne and Cape Bell with CBRE represented the seller, Vigavi SEDC, LLC. The buyer, Hallmark Floors acquired the newly constructed facility, represented by David Buescher and Louis Tomaselli with JLL. “Hallmark Floors is proud to announce our expansion into the Houston Market with the addition of a 170,476-square-foot warehouse and office facility,” said Tony Pan, chairman of Hallmark Floors, Inc. “Ideally located near the Port of Houston, we will be able to better serve our distributors and dealers east of the Rockies. We appreciate how welcoming the City of Houston and the Port of Houston Authority have been in helping us get underway—we look forward to our future here.” “With this year’s economic changes, companies are taking a closer look at their supply chains and this front-load distribution center represented a strategic opportunity to be closer to consumers and manufacturing locations,” said Wynne. “Vigavi developed the distribution center recognizing a strong user demand for high-quality industrial assets in the Houston market.” Based in Houston, Vigavi is a privately held industrial real estate investment and development firm. The company has been investing and developing in Houston for the past decade, and recently expanded its core focus within industrial from single-tenant business parks, to institutional-grade distribution assets, which are larger in scale. Vigavi has acquired land positions in several of the major industrial submarkets and has another 700,000 square feet of development planned in the near term. “We are pleased to have completed the development and sale of Southeast Distribution Center, which successfully weathered the onset of COVID-19 at critical stages of the project and transaction, thanks to our committed and capable team and partner companies,” said Luis Villarreal, Vigavi’s managing principal. “We have thoroughly enjoyed working with Hallmark Floors to facilitate its expansion in the Houston market, and greatly appreciate the integral support from the teams at JLL and CBRE.” Burton Construction acted as the general contractor on the project, Powers Brown served as the architect and WGA as the civil engineer. Construction financing was provided by Amegy Bank.
Avison Young negotiated a long-term lease on behalf of Goree Architects, Inc. for 14,206 square feet of office space located at Sage Plaza, 5151 San Felipe Street in Houston. Goree Architects was represented by Avison Young principal, Anthony Squillante, and associate, Collin Roach, who are based in the company’s Houston office. The landlord, Granite Barnhart Sage Plaza LP was represented by Nina Seyyedin, senior associate, and Jason Presley, senior vice president, both with CBRE. “We are excited to have assisted Goree Architects with their relocation to Sage Plaza,” said Squillante. “As a result of this move, our client’s employees will enjoy a newly renovated, amenity-rich building with a great, well-capitalized landlord.” Goree Architects will move their headquarters from 4710 Bellaire Boulevard to 5151 San Felipe in the Galleria submarket of Houston. The architectural design firm is expanding their space from approximately 8,000 square feet to 14,206 square feet as their growing business adds new service lines and employees. Their new suite will occupy the majority of the 17th floor of Sage Plaza. Since 1963, Goree Architects, Inc. has designed thousands of retail automotive facilities nationwide. While the design of retail automotive facilities continues to be a core segment of the firm’s business, the company has established a presence in the commercial and corporate interior(s) sectors over the last few years. Click to read more at www.rejournals.com.
Texas Central won a critical legal decision in developing a high-speed rail project between Dallas and Houston. The landowners, Leon County’s Jim and Barbara Miles, plan to appeal the ruling to the Texas Supreme Court, according to published reports. “If ever there was a ruling that created ‘the Wild, Wild, West’ of eminent domain authority, this is it,” Blake Beckham, The landowner’s attorney and special litigation counsel to Texans Against HSR, said in a statement. A Texas appeals court ruled in favor of Texas Central, holding that it was both a railroad company and an interurban electric railway, despite operating no trains yet. The Thirteenth Court of Appeals said Texas Central and its subsidiary Integrated Texas Logistics are legally railroads in the state of Texas, reversing a previous decision by the 87th District Court of Leon County. The decision by Justice Nora Longoria comes after a four-year court battle made by landowners along the proposed route in Leon County. The landowners argued that the project wasn’t a railroad and therefore didn’t have the rights associated with a railroad, including eminent domain and access to the property for surveyors. Click to read more at www.dmagazine.com.