HOUSTON AND HUMBLE, TEXAS — CB Richard Ellis (CBRE) has completed three leases in the Houston metro area. First, Houston-based Greenstar Recycling signed a lease for 18,900 square feet of warehouse space at 4789 Eastpark Dr., located in northeast Houston. Patrick Rollins of CBRE represented the tenant. The landlord, First Industrial Realty Trust, was represented by Blake Gibson of Colliers International. In addition, Stoneland Global Logistics signed a lease for 10,140 square feet of warehouse space within Kenswick Airfreight & Logistics Centre, located at 19051 Kenswick Dr. in the northern suburb of Humble. Rollins represented the landlord, LIT Industrial Texas LP. Tiffany Sebastian of ReMax NW represented the tenant. Finally, LandAmerica Charter Title Co. renewed its lease for 17,579 square feet of office space at the Whitney Bank Building, located at 4265 San Felipe St. in Houston’s Post Oak Park submarket. CBRE’s Kristen Rabel, Steve Rocher and Louann Orlando represented the landlord, BMS Management.
HUMBLE, TEXAS — Construction is complete for Stoneleigh on Kenswick Apartments, a 318-unit, Class A multifamily community located in Humble. Developed by a joint venture between Passco Companies Development LLC and Seneca Investments, the property is situated on 15 acres at 19800 Kenswick Dr. Amenities include a clubhouse with a media center, a cyber café with wireless Internet access, a resort-style swimming pool, a fitness center, and outdoor picnic and barbecue areas. Stoneleigh at Kenswick also is situated adjacent to a 275-acre nature preserve. The owners plan to stabilize the property over the next year and possibly sell it, depending on market conditions. The grand opening ceremony will be held at the end of the month.
HOUSTON — Dallas-based White Rock Commercial has disposed of West Pointe Center, a Class A office property the company recently constructed in Houston. The three-story, 170,823-square-foot building is located at 9420 W. Sam Houston Pkwy. Wade Bowlin and Doug Little of Houston-based PM Realty Group represented White Rock in the sale. The undisclosed buyer was represented by Bob Parsley and Bill Byrd of Colliers International. The sale price was not released.
KERRVILLE, TEXAS — Mumford Co. has brokered the sale of the Whitten Inn, located in Kerrville. The 98-room hotel is situates on Interstate 10 just outside of San Antonio. The buyer, Amer Host Inc., plans to extensively renovate the property and will seek franchise options following the summer travel season. The seller was Roarke-Whitten 3, Ltd. Acquisition financing was provided by a local bank.
HOUSTON — California-based Francis Property Management has acquired Gables Augusta, a 312-unit multifamily property located in Houston. The property is situated at 2660 Augusta Dr. within the city’s Galleria submarket. Constructed in 2004, it features loft-style residences in a four-story complex. Craig LaFollette, Todd Stewart, Todd Marix, Tre Banks and Chris Curry, all of CB Richard Ellis, represented the seller, Gables Residential, in the transaction. International Realty Concepts represented Francis Property Management. The acquisition price was not disclosed.
SAN ANTONIO — Concorde Career Colleges will soon open its second Texas campus in San Antonio. The new school will total 39,855 square feet and will be located within Corporate Square Garden at 4803 NW Loop 410. Concorde will occupy the facility beginning in November for a 15-year term. Future plans also call for the campus to expand by 4,000 to 8,000 square feet within its first year of operation. J.J. Williams, Jason Brumm and Maggie Nigro of Grubb & Ellis, along with Jeff Woolf of Cushman & Wakefield, represented Concorde in lease negotiations. The landlord, KBS Realty Advisors, was represented by Lindsey Tucker and Kelly Ralston of Transwestern. Concorde Career Colleges owns and operates 12 proprietary, postsecondary schools nationwide that specialize in healthcare vocational training. Its other Texas location is in Arlington.
HOUSTON — NAI Houston has arranged the sale of a 4,000-square-foot commercial building, located at 3990 Barker Cypress Rd. in Houston. NAI’s Travis Land and Stephen Tou represented the seller, BLC Real Estate. The property was acquired for an undisclosed amount from Hankhuu Inc.
HOUSTON — NRG Texas, along with its retail division Reliant Energy, has leased approximately 240,000 square feet of office space at Pavilions Tower, the office component of the Houston Pavilions mixed-use development, located in downtown Houston. With this most recent lease, the nine-story, Class A office tower component of the project is completely leased. NRG will take occupancy in March 2011. Eric Anderson and Greg Tilton of Transwestern represented the landlord, Houston Pavilions LP, in lease negotiations. George Strake III and Christopher Oliver of Cushman & Wakefield of Texas represented the tenant. Houston Pavilions also contains 320,000 square feet of retail, restaurant and entertainment space on three lower levels, as well as a 1,600-space parking garage. The second and third levels of the retail component are connected by “Sky Rings”, pedestrian bridges that span Fannin and San Jacinto streets.
COPPELL AND CARROLLTON, TEXAS — Duke Realty Corp. has completed three leases totaling 506,035 square feet at three of its Dallas-area industrial properties. In the first transaction, imported furniture and accessories wholesaler Southern Enterprises has leased 154,744 square feet at Freeport IX, located at 600 Freeport Pkwy. in Coppell. This brings occupancy at the building to 50 percent. Mark Miller of NAI Robert Lynn represented Southern Enterprises in lease negotiations. Also in Coppell, Round 2, a computer and computer parts recycler, signed a lease for 115,989 square feet at Freeport III, a 297,903-square-foot building located at 445 S. Royal Lane. Seth Weinstein of Newmark Knight Frank represented Round 2 in lease negotiations. Finally, technology distributor Ingram Micro renewed its lease for 235,302 square feet at Frankford Interchange, a 380,002-square-foot building located at 1809 W. Frankford Rd. within Carrollton’s Trinity Mills industrial park. The property remains fully occupied. Tom Lynn of NAI Robert Lynn, along with Brian Netsky and Mike Morgan of Interstate Tenant Advisors, represented the tenant in lease negotiations. In all three transactions, Duke was represented in-house by Randy Wood of the firm’s Dallas office.
BEDFORD, TEXAS — Henry S. Miller Brokerage (HSMB) has completed two retail leases. In Bedford, Tuesday Morning signed a lease for 16,166 square feet at Harwood Shopping Center, an 85,931-square-foot neighborhood shopping center located in Bedford. The discount retailer will lease the space formerly occupied by BHC Fitness and plans to open the new location in January 2010. Daniel Harris and Byron Seamands of HSMB’s Dallas/Fort Worth office represented the landlord, Harwood S/C Partners Ltd.; the tenant was represented by Greg Bracchi of Staubach Retail Services.