Hines Signs Sino Biological as a Tenant at Levit Green

a 53Ac Life Science District in Houston

Hines, a global real estate investment, development, and property manager, in partnership with 2ML Real Estate Interests and Harrison Street, announced a lease at Levit Green, the new 53-acre mixed-use life science district adjacent to the Texas Medical Center in Houston, Texas. Sino Biological, Inc., an international reagent supplier and service provider, has leased approximately 10,000 square feet of commercial lab and office space in Levit Green’s first phase, which is slated for completion at the end of this year.

Headquartered in Beijing, China with subsidiaries in Suzhou, China; Taizhou, China; Frankfurt, Germany; and Wayne, Pennsylvania and listed on the Shenzhen stock exchange subsidiary ChiNext (SZSE: 301047), Sino Biological is the world’s leading provider of mammalian cell-based recombinant proteins, antibodies and related contract research services. This new site serves as the company’s first US-based manufacturing facility. Referred to as the Center for Bioprocessing (C4B), the facility will focus on both product manufacture and the implementation of contract research services. Levit Green will further establish its presence in Houston, providing companies, academics, and medical researchers in the world-renowned Texas Medical Center and across the region invaluable access to Sino Biology’s comprehensive offering of bioreagents and CRO services.

To meet the market’s need for immediate lab-ready space, Hines is also delivering two commercial lab and office turn-key suites, at 11,000 square feet and 7,000 square feet, which will be ready for occupancy by Summer 2023. This in-demand laboratory offering will give potential tenants the flexibility to accommodate constantly evolving science needs. The turn-key suites have been designed to an optimal 60%-40% lab-to-office ratio, to accommodate any wet or dry lab R&D use, such as biology, chemistry, and engineering.

Building I at Levit Green—a 290,000-square-foot, five-story building with wet lab and incubator space—is part of the broader nine-building Levit Green masterplan, which will offer a curated mix of research facilities, office, retail, residential, and outdoor amenities. It is equipped with 100% redundant emergency power, enhanced structural vibration attenuation, augmented mechanical systems, 33-foot structural bay depths, and floorplates of more than 60,000 square feet. Additionally, the building will feature best-in-class amenities that include a 5,800-square-foot fitness center and outdoor garden, a 7,000-square-foot conference center, 3,500 square feet of café and restaurant space, and ample on-site parking. The ground floor plan is also programmed to accommodate more than 25,000 square feet of lab incubator space which will provide entrepreneurs and early-stage life science companies with top-tier, strategically located laboratory and office space.

Building I is slated for completion in late 2022, with Sino Biological’s occupancy anticipated for the Q3 2023. JLL represented Levit Green in the lease.

Midway and Arc Capital Partners Acquire Sabine Street Lofts

A joint venture between Midway, the privately owned, fully integrated real estate investment, development and management firm, and Arc Capital Partners, the real estate owner and investment manager known for mixed-use urban infill investments with strong and beneficial impacts on communities, has acquired Sabine Street Lofts, a 198-unit, Class-A, loft-style apartment community located near Downtown Houston on Buffalo Bayou. Tom Fish and Jonathan Paine with Walker Dunlop represented the joint venture in financing the transaction.

Located at 150 Sabine Street, Sabine Street Lofts benefits from its accessibility and direct access to the revitalized Buffalo Bayou Park and is immediately west of Downtown Houston. Completed in 2001, the institutional-quality asset features large one- and two-bedroom floorplans with an average size of 1,017 square feet, approximately 100 square feet larger than the average apartment in Central Houston. Unit amenities include granite countertops in kitchen and baths, 10-foot ceiling heights with exposed ducts, in-unit washers and dryers, stained concrete and wood flooring and private balconies or patios. Community amenities include gated entrances with immediate access to the Buffalo Bayou trail, a fitness center, two resort-inspired swimming pools, outdoor fireplaces, expansive sundecks and pet-friendly amenities. Plans are underway to renovate the property, investing capital specifically into the common areas and project amenities that all residents can enjoy.

Additionally, many of the units will be converted into workforce housing as part of Midway’s MPact program, a new initiative within Midway’s property operations division. Aligning with the firm’s values to be purposeful and community-driven, MPact seeks to support those who are making a difference in our communities. Designed for professionals earning around 80% of the area median income, MPact will provide quality housing to those who have dedicated their careers to serving others.

Additional Midway properties that offer MPact units include Braeburn Village, Villa Del Prado and The Laura, which will debut in 2023 as part of Midway’s future East River mixed-use development.

OwnProp Continues Expansion – Enters Houston Market

The Web3 Technology company fractionalizes investment in 22-story Class A property

AUSTIN, Texas, Nov. 10, 2022 /PRNewswire/ — Peter Rex, founder and Executive Chairman of Rex, announced that OwnProp, a Rex company, is continuing its recent geographic growth by expanding its offering to Houston, Texas. This news comes on the heels of OwnProp’s recent expansion into Atlanta. OwnProp is a tech platform democratizing access to high return and cash flowing commercial real estate deals by fractionalizing assets using blockchain technology.

The Rex Company expands to Houston.

“With OwnProp’s technology, we’ll continue to make real estate investments just like this, more accessible,” said Rex.

“OwnProp has successfully closed offerings for hotels, multifamily apartment complexes, commercial office spaces, and now will be offering a 22-story Class A property located in the prestigious Uptown district of Houston,” said Peter Rex. “With OwnProp’s technology, we will continue to make real estate investments just like this, more accessible,” said Rex. Click to read more at www.finance.yahoo.com.

Logistics Property Company Begins Construction on Industrial Build-to-suit for Fortune 50 Company

Logistics Property Company, LLC (LPC) announced the commencement of CityPark Logistics Center’s (CityPark) fourth building, which consists of a new Class-A, 151,200-square-foot, warehouse within the 98-acre CityPark property in Missouri City, Texas.

The build-to-suit will be delivered mid-2023 and will serve as the newest location for a Fortune 50 company. The building is being constructed to meet LEED® certification requirements.

This new logistics building is part of the greater CityPark Logistics Center, located at the corner of Beltway 8 and Highway 90 in Houston’s Southwest Industrial Submarket. The site is well positioned to serve the growing residential population and benefits from excellent interstate access.

CityPark’s existing footprint is comprised of three recently completed Class-A logistics buildings, totaling 454,000 square feet. LPC is currently in the design phase of a new 215,000-square-foot building at CityPark, which is expected to begin speculative construction in 2023 and is currently being marketed for lease.

The logistics park’s final phase will accommodate approximately 600,000 square feet with direct frontage and access to Beltway 8 and is currently being marketed as a build-to-suit.

Beau Kaleel and Brooke Forrest with Cushman & Wakefield are the leasing representatives for CityPark Logistics Center.

Tarantino Announces the Sale of 2100 West Loop South Office Building

[Houston, TX] – October 6, 2022 – Tarantino announces the sale of 2100 West Loop South, a Class A, 16-story, 162,878 square foot, office tower. A private investment firm from Houston and Chicago acquired the building. Tarantino was engaged to provide management, leasing, and the sale for 2100 West Loop South.

This asset is located at the “main & main” of the Houston Galleria market on Loop 610 South between San Felipe and Westheimer. Tenants and customers are offered easy and quick access to Loop 610, and to close by restaurants and shopping to Galleria Mall, Uptown Park and River Oaks District.

Anthony Tarantino, Patrick Frese, and Meghan Holliday of Tarantino Properties represented the seller.

About Tarantino Properties, Inc.

Tarantino Properties is a real estate investment and service company based in Houston, Texas, specializing in income-producing properties since 1980. The company manages more than $2 Billion in assets throughout the United States providing a full complement of quality services including management, brokerage, leasing and construction services for multifamily and commercial properties.
Angela Sandoval
Director of Marketing and Leasing
Tarantino Properties, Inc.
7887 San Felipe, Suite 237
Houston, TX 77063
713-974-4292, ext. 155 Phone

The NRP Group Hires Executive Vice President of Development to Lead Austin, Dallas-Fort Worth and Houston

The NRP Group announced the hire of Executive Vice President of Development Christopher O’Neill in Texas, reporting to Principal and President of Development Kenneth W. Outcalt.

The NRP Group continues to expand its footprint in Texas, with a current pipeline of approximately 4,045 market-rate and workforce housing residences underway. In his new role, O’Neill will oversee the expansion of the Texas development pipeline in addition to other western markets like Arizona, Nevada and Colorado, while supervising all aspects of project management for market-rate communities. O’Neill will leverage his more than 20 years of construction and multifamily development experience and leadership to pursue public-private partnerships in high-growth Texas and expansion markets.

O’Neill joins NRP from Hines, a global real estate investment and management services firm. During his tenure at Hines, he served as the first project manager for the Southwest region’s multifamily platform and managed the region’s first multifamily development, Waterwall Place. O’Neill also managed deals in the Southwest region for approximately 10 years and went on to scale the business group and spearhead Hines’ suburban multifamily efforts throughout Texas, Colorado and Arizona. O’Neill managed the development of nearly 8,000 units exceeding $2 billion in value.

A graduate from Texas A&M University, O’Neill received his degree in construction science and received his MBA from the University of Houston.