HOUSTON — Finial Group has negotiated a 10,000-square-foot industrial lease in northwest Houston. According to LoopNet Inc., the building at 8550 Fallbrook Drive was constructed in 2020 and totals 90,000 square feet. Andrew Bischoff and Tyler Holt of Finial Group represented the tenant, Buckeye Cleaners, in the lease negotiations. The name and representative of the landlord were not disclosed.
HOUSTON — Law firm Fahl & Donaldson PLLC has signed a 5,316-square-foot office lease renewal at 801 Louisiana St. in downtown Houston. According to LoopNet Inc., the eight-story, 105,145-square-foot building was constructed in 1979 and renovated in 2009. Ryan Hartsell of locally based brokerage firm Oxford Partners represented the tenant in the lease negotiations. Trey Miller of Boxer Property represented the landlord.
TULSA, OKLA. — A public-private partnership between Pennrose and the Tulsa Housing Authority (THA) will develop 36N, a $190 million, 545-unit mixed-income residential project. The partnership will redevelop the existing 271-unit Comanche Park Apartments and construct an additional 274 units from the ground up as part of a larger revitalization initiative known as Envision Comanche. The development will also feature single-family homes and a mix of commercial and civic uses, including a grocery store, urban farm and a wilderness area. Vertical construction for Phase I of 36N will begin later this summer, with full completion slated for 2028.
HOUSTON — Atlanta-based multifamily investment and development firm Cortland has acquired a 288-unit property in Houston’s River Oaks neighborhood. Villas River Oaks offers one- and two-bedroom units that range in size from 625 to 1,200 square feet. Amenities include a pool, clubhouse, fitness center, lounge, community garden and outdoor grilling and dining stations. The seller was international investment firm Heitman. The sales price was not disclosed. The new ownership will implement a value-add program and rebrand the property as Cortland River Oaks.
AMARILLO, TEXAS — Adolfson & Peterson (AP) Construction has completed the Potter County District Courts Building, a 158,250-square-foot civic project in Amarillo. Designed by HOK Group Inc., the new building houses courtrooms, a jury assembly area and county offices, as well as courtroom in-custody holding and records storage spaces. Additional security enhancements include a separate sheriff’s access area with a vehicle sally port, as well as separate access points for judges and other elected officials. Construction began in March 2021.
HOUSTON — Partners Capital, the investment arm of Partners Real Estate, has sold a two-building, 52,781-square-foot industrial flex property in southwest Houston. The property at 10849-10899 Kinghurst Drive was built on 4.5 acres in 1981 and was fully leased at the time of sale. Jason Scholtz and Jason Tangen with Colliers represented Partners Capital in the transaction. The buyer and sales price were not disclosed.
FRIENDSWOOD, TEXAS — AA Gymnastics Academy has signed a 10,355-square-foot retail lease at Baywood Plaza Shopping Center in Friendswood, a southwestern suburb of Houston. The tenant is backfilling a space formerly occupied by CVS. Kelly Hutchinson of Colliers represented the landlord, MDDS Properties, in the lease negotiations. The tenant was self-represented.
EL PASO, TEXAS — The El Paso City Council has approved a proposal to develop an $80 million concert venue and has formed a public-private partnership with the operator, Colorado-based hospitality firm Venu (formerly known as Notes Live). The site spans 17 acres of city-owned land and will anchor the Cohen Entertainment District on the city’s northeast side. The venue will be known as Sunset Amphitheater and will have a seating capacity of 12,500. The City of El Paso is providing $30.6 million in performance-based incentives under the terms of the partnership deal. Construction is set to begin this fall and to be complete in 2026. Venu is also planning to open a $220 million concert venue in the northern Dallas suburb of McKinney.
THE WOODLANDS, TEXAS — Locally based general contractor Harvey Builders has completed the $21 million renovation of The Woodlands Resort, Curio Collection by Hilton, a 402-room hotel located about 30 miles north of Houston. All guestrooms and suites received new showers, tubs, flooring, countertops, mirrors and lighting fixtures, as well as bedding drapery and carpets. All common areas, including the lobby, restaurant, bar and meeting spaces, were also upgraded. Merriman Anderson Architects handled interior design of the project, which began in 2021 and was executed in four phases.
AMARILLO, TEXAS — Marcus & Millichap has brokered the sale of Advantage Storage, a 432-unit self-storage facility in Amarillo. Built in 2019, the facility totals 84,475 net rentable square feet across 226 climate-controlled units, 181 non-climate units, 13 enclosed parking spaces and 12 warehouse units. Gabriel Coe, Nathan Coe, Brett Hatcher and Garret Nelson of Marcus & Millichap represented the undisclosed seller in the transaction. The buyer was an out-of-state REIT that also requested anonymity.