HOUSTON — Partners Real Estate has brokered the sale of a 27,893-square-foot industrial building in southwest Houston. According to LoopNet Inc., the single-tenant building at 8008 S. Sam Houston Parkway W was completed in 2023. Travis Land and Braedon Emde of Partners represented the seller, an entity doing business as Ultra Houston Group LP, in the transaction. The name and representative of the buyer, as well as the sales price, were not disclosed.
SAN ANTONIO — CBRE has negotiated an office lease renewal in North San Antonio for Spectrum Association Management. The locally based homeowners association (HOA) property management firm is reducing its footprint at North Park Corporate Center, an 86,400-square-foot building, from roughly 27,000 square feet to 19,738 square feet. Larry Mendez, Yobana Castillo and Brad Kaufman of CBRE represented Spectrum, which has been a tenant at the building since 2008, in the lease negotiations. An entity doing business as TLO TX2 Investments LLC owns the building.
ARLINGTON, TEXAS — Bradford Commercial Real Estate Services has arranged the sale of an 18,000-square-foot industrial building located at 800-810 N. Great Southwest Parkway in Arlington. The building was originally constructed in 1968. Michael Spain, Jason Finch and Chris Wong of Bradford represented the seller, an entity doing business as CanTex800 LLC, in the all-cash transaction. The buyer was Panamint Holdings LLC.
FORT WORTH, TEXAS — Dallas-based development and investment firm Leon Capital Group has broken ground on Riverbend East Industrial Park, a 236,000-square-foot project in Fort Worth. Located at the intersection of I-820 and State Highway 121, the development will consist of two buildings that will be able to accommodate users with requirements between 26,000 and 148,000 square feet. Building features will include 32-foot clear heights, 135-foot truck court depths and ESFR sprinkler systems. Completion is slated for next summer. CBRE is the leasing agent. Leon Capital is also planning a third, 56,000-square-foot building with two acres of outdoor storage space at the site.
HOUSTON — Sunday Riley Modern Skincare has signed a 97,222-square-foot industrial lease at in northwest Houston. According to LoopNet Inc., the building at 11720 North Gessner Road was constructed in 2014 and totals 155,400 square feet. William Carpenter and Jeremy Lumbreras of Stream Realty Partners represented the landlord, institutional investment firm Bentall GreenOak, in the lease negotiations. The tenant was self-represented.
HOUSTON — Edge Realty Partners has negotiated the sale of a 24,000-square-foot retail property located at 5757 Westheimer Road in West Houston. The property is located within the Uptown/Galleria submarket and is home to a mix of national and local tenants. Chace Henke and Micha van Marcke of Edge represented the buyer, Last Mile Investments, in the transaction. Jim Bayne of Investar Real Estate Services represented the undisclosed seller.
HUMBLE, TEXAS — Partners Real Estate has arranged the sale of an 11,475-square-foot industrial building in the northern Houston suburb of Humble. According to LoopNet Inc., the building at 304-306 Wilson Road was constructed in 2016 and features a clear height of 16 feet. Darren O’Conor of Partners represented the buyer, an entity doing business as 304 Wilson LLC, in the transaction. Wyatt Huff and Hunter Stockard, also with Partners, represented the seller, Chosen Properties LLC.
COLLEGE STATION, TEXAS — PopStroke Entertainment Group, a Florida-based, golf-centric concept, has opened a 10,000-square-foot venue in College Station. Designed by Austin-based Mark Odom Studio, the venue features a centralized courtyard with a full-service bar and kitchen, yard games and outdoor dining/lounge seating with views of the minigolf course. The venue’s four buildings were constructed using shipping containers, with ResCon Group serving as general contractor. PopStroke now operates four venues in Texas.
By Taylor Williams An attractive, successful woman walks into a bar and posts up. Within minutes, multiple men have approached her, offering to buy her a drink. And while she doesn’t really need the freebie, who can blame her for accepting it? After all, nothing’s more American than having a little extra icing on your cake. To analogize this scenario to commercial real estate, think of Texas as the woman and the burgeoning semiconductor industry as the free drinks. The state’s economy was doing just fine without the mega-boost from manufacturing initiatives stemming from the 2022 CHIPS and Science Act, which has resulted in tens of billions of dollars in capital investment for North and Central Texas. But with a well-deserved reputation for welcoming businesses of all types, Texas wouldn’t be Texas if it didn’t court and embrace these manufacturers in these areas, which for many years were predominantly rural communities. Semiconductors, or computer chips, are essential elements of virtually all electronic and computing devices, including electric vehicles, phones, tablets, TVs, home appliances, solar panels and video game consoles. The CHIPS and Science Act laid the framework for the country to gain market share in terms of manufacturing these components, …
SAN ANGELO, TEXAS — General contractor Hoar Construction has completed a 140,000-square-foot healthcare project in the Central Texas city of San Angelo. Designed by O’Connell Robertson, the seven-story building is an expansion of the 1.5 million-square-foot Shannon Medical Center, and the operator of that facility is also the lead developer of the project. The building comprises three levels of parking and four levels of patient care facilities, including a 19,310-square-foot intensive care unit on the third floor. The fourth floor of the facility features patient rooms, and the fifth and sixth floors remain shell space to be built out for future use. Construction began in February 2022.