Houston Commercial Real Estate
Houston Retail Space
November 23, 2009 by HSACQ · 11 Comments
Houston Office Space, Houston Industrial Space, Houston Warehouse Space, Houston Office Buildings, Houston Commercial Real Estate, Houston Tenant Representation, Houston Office Lease, Houston Office Leasing,Houston Warehouse Lease,Houston Commercial Real Estate Company,Houston Commercial Real Estate Broker
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November 20, 2009
http://blogs.chron.com/primeproperty/2009/11/the_finale_of_hollywood_video_1.html
The finale of Hollywood Video
The Hollywood Video at 1201 Westheimer was locked up today – a casualty of the economy. That or Netflix.
A “Lock Out Notice” on the door to Hollywood Entertainment Corporation said due to unpaid rent the management had exercised its option to change the locks.
Coincidentally, it also said the keys could be obtained by “paying all past due rentals, late fees and other charges.”
Some were expecting this to happen.
Amnesia Houston recently noticed that big chunks of the marquee had been falling off.
It’s actually the second historic theater in the neighborhood to shutter this year.
The Bookstop also closed, abandoning the old Alabama Theater.
Films from Cinema Arts Festival were showing there recently, but its permanent future is still unclear.
I remember back in the 90s when the old Tower Theater used to be a dance club.
Here’s how it looked in 1936.
What would you like to see in the Tower Theater space
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Blog News Entry from Houston Chronicle
http://blogs.chron.com/primeproperty/friday_retail_wrap/
€November 20, 2009
Friday retail wrap 11|20|09
A weekly list of restaurants and retailers that have recently opened or signed new leases in the Houston area.
INNER LOOP
One Green Street
Plaza in the Park Shopping Center at Buffalo Speedway and Westpark Dr.
SUGAR LAND
Verizon Wireless
Riverpark Shopping Center at 19820 Southwest Freeway
GALLERIA AREA
Carrie Ann’s Shopping Addict
Uptown Park at Post Oak Boulevard and the West Loop
SOUTHWEST
Family Thrift Center
Sharpstown Plaza on Bellaire Boulevard just west of the Southwest Freeway
WILLOWBROOK
Candle Warehouse Factory Outlet
Willowbrook Common’s Shopping Center at 7710 FM 1960 West
INNER LOOP
Texas Tuscan Furniture Designs
1302 West Gray between Waugh and Montrose Boulevard
Recent retail center transactions along with a tenant list showing where the space leased is located.
http://www.HSACQ.com
Houston Site Acquisitions assists companies with Houston Commercial Real Estate including Houston Office Space, Houston Industrial Space, Houston Warehouse Space, and Houston Retail Space.
November 19, 2009
Good news for General Growth
General Growth Properties, the bankrupt shopping operator mall whose properties include five Houston-area malls, said its lenders have agreed to restructure some $8.9 billion in mortgage loans, AP reported today.
The agreements, which cover loans on more than 70 malls, could enable some of the shopping centers to exit bankruptcy before the end of this year, the company said.
Thomas Nolan, Jr., General Growth’s president and chief operating officer, said he hoped the deals announced Thursday would lay the groundwork for restructuring another $6 billion in mortgage loans on other shopping malls.
General Growth is “hopeful that our other secured mortgage lenders will work with us to reach agreements quickly,” he said in a statement.
Deerbrook Mall and The Woodlands Mall were included in 158 regional shopping centers owned by Chicago-based General Growth, along with certain other subsidiaries, that also filed for Chapter 11 bankruptcy protection in April.
The company’s other local properties – Baybrook Mall, First Colony Mall and Willowbrook Mall – were not involved in the bankruptcy filings.
While malls are its main business, General Growth inherited the Bridgeland master-planned community in northwest Harris County when it acquired the Rouse Co. in 2004.
The company also owns a 42.5 percent stake in The Woodlands Development Co.., which operates the 28,000-acre residential community north of Houston. Morgan Stanley Real Estate Fund II owns the rest.
Neither Bridgeland nor The Woodlands Development Co. were included in the Chapter 11 filings.
General Growth’s lenders agreed to extend the due dates on the loans to between January 2014 and as far off as 2018, according to AP.
I agree that this is good news for these regional malls and the areas surrounding them .
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Houston Site Acquisitions assists companies with Houston Commercial Real Estate including Houston Office Space, Houston Industrial Space, Houston Warehouse Space, and Houston Retail Space.
http://blogs.chron.com/primeproperty/2009/12/friday_retail_wrap_christmas_2.html
Friday retail wrap | Christmas 2009
A weekly list of restaurants and retailers that have recently opened, signed new leases or bought land for new stores in the Houston area.
WILLIS
Tender Touch Nails
Sam Houston Town Center at I-45 and FM 1097
SOUTHWEST
Posh Fashion
The Villages at West Oaks at 2362 South Highway 6
NORTHWEST
Compass Bank, Smilecrafters
Stables Town Center at Spring Cypress and Champions Forest
WEST
Tuesday Morning
Westheimer Commons at Westhiemer and South Dairy Ashford
SUGAR LAND
Berripop
Lake Pointe Village at U.S. 59 and Texas 6
Nifty After Fifty
Sugar Creek Village Shopping Center at 13809 Southwest Freeway
WASHINGTON AVE.
Berripop
3939 Washington Ave.
HUMBLE
Roberts Carpets and Fine Floors
20465 Highway 59
LEAGUE CITY
JSC Federal Credit Union
Tuscan Lakes Shopping Center at the northwest corner of State Highway 96 and FM 270
NORTHWEST
PC Parts & Services
The Commons at Willowbrook at 7696 FM 1960
SPRING
Kolache Factory
5941 FM 2920
CYPRESS
Kolache Factory
25823 Highway 290
Houston Site Acquisitions. Let us help you find your next Houston retail space location.
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http://www.dbusinessnews.com/shownews.php?newsid=198532&type_news=past
Houston Pavilions Adds Four New Restaurants
Houston –
HOUSTON — Houston Pavilions, the first downtown mixed-use development of its kind in 20 years, with dining, entertainment, retail and office space, today announced the second wave of high-profile restaurant openings totaling more than 21,000 square feet. New restaurants include III Forks Steakhouse, Andalucia Tapas Restaurant & Bar, Mia Bella Trattoria and Yao Restaurant and Bar.
This is the first major announcement in 2010 of restaurant openings and builds on the momentum generated by the opening of Lucky Strike Lanes and Lounge, an upscale bowling alley and entertainment venue during the fourth quarter of 2009. The 25,000-square-foot Lucky Strike Lanes and Lounge at Houston Pavilions includes 14 bowling lanes, a DJ booth, full bar and lounge, pool tables, state-of-the-art projection and sound systems, and gourmet food. The Houston location also boasts a Luxe Lounge, a VIP area with four bowling lanes and a private bar that can be booked for parties and events.
The four new restaurants include two concepts from Houston restaurateur Youssef Nafaa – Andalucia Tapas Restaurant & Bar, which offers traditional Spanish dishes, and Mia Bella Trattoria specializing in hand-made pizzas and other Italian fare.
Andalucia Tapas Restaurant & Bar serves up great food, music and entertainment. The menu includes traditional Spanish paella, hot and cold tapas, as well as selected Spanish wines from Rioja to Carmona. The weekends bring live music and Flamenco dancing on Thursday, Friday and Saturday nights from 7:30 p.m. to 10:30 p.m.
Mia Bella Trattoria is the fourth location of this Houston favorite, serving lunches and dinners of traditional Italian cuisine with regional American twists. Wine lovers will find an extensive list of well-priced offerings, while those seeking a cocktail will find a full spectrum of classic recipes and creative mixings that set the bar menu apart.
From the family of Houston Rockets superstar Yao Ming comes Yao Restaurant and Bar, which offers an eclectic mix of Chinese dishes as well as a fresh sushi bar. Along with its extensive menu of traditional Chinese favorites, Yao Restaurant and Bar creates more than 30 sushi rolls, sushi, sashimi and sashimi appetizers. The bar mixes special Houston Rocket’s inspired drinks such as Long Shot Ice Tea, Slam Dunk Sling and the Reach-in Lychee Martini.
III Forks Steakhouse, a sophisticated concept from Fort Worth, offers elegant surroundings and a robust Texas-French menu that showcases U.S.D.A. Prime steaks and fresh seafood. The menu includes hearty portions of pepper steak, sirloin, bone-in rib-eye, pecan-crusted Idaho trout, and Dover sole, as well as an impressive wine cellar with varietals from around the globe.
“We’re so pleased that the dining and entertainment mix we’re creating at Houston Pavilions reflects the balance we’ve always had in mind, and seems to be just right for those seeking something new and different,” said Phil Hudson, director of marketing for Houston Pavilions. “From large venues like House of Blues and Lucky Strike Lanes to intimate treasures like Andalucia, Houston Pavilions is emerging as a destination unlike any place in the city.”
Houston Pavilions brings together the best of city life in downtown Houston, offering visitors top-notch restaurants, nightclubs and retail all in an open-air center with easy access to the light rail, valet and covered parking.
Retail space and dining venues occupy the first two levels of the center, with entertainment venues located on the third floor. A central courtyard and people-friendly streetscapes allow for alfresco dining and lots of window-shopping. In the anchor positions are House of Blues, XXI Forever, Lucky Strike Lanes, and Books-A-Million. Each of the anchors is in excess of 24,000 square feet. The second and third floors of the development are connected by bridges, called the Houston Pavilion “Sky Rings,” spanning Fannin and San Jacinto streets.
Houston Site Acquisitions. Let us help you find your next Houston retail space location.
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http://blogs.chron.com/primeproperty/2010/02/friday_retail_wrap_21210_1.htmlFriday retail wrap 2|12|10
February 12, 2010
Friday retail wrap 2|12|10
CHAMPIONS
Cherry Blossom Yoga
Forestwood Shopping Center at Champion Forest Drive and Cypresswood Drive
WEST HOUSTON
Service King Paint & Body
21333 Katy Freeway
SOUTHWEST
Service King Paint & Body
10475 Southwest Freeway
NORTH
Dollar General
Fulton Shopping Center located at 2958 Fulton St.
WEST
My Fit Foods
The Shoppes at San Felipe at San Felipe and Voss
TEXAS MEDICAL CENTER
Salata
6620 Fannin at Dryden
CYPRESS
Joe’s Jeans
Houston Premium Outlets at 29300 Hempstead Rd.
ATASCOCITA
Pho An Vietnamese Restaurant
Atascocita Plaza Shopping Center
NORTHWEST
Oriental Village Chinese Restaurant
Hollister Pointe Shopping Center
KATY
Athletic Nation
The Mason Square Shopping Center at 2944 South Mason Rd
Houston Site Acquisitions. Let us help you find your next Houston retail space location.
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KTRK NEWS Video Link: Light rail construction in the Galleria Area.
http://abclocal.go.com/ktrk/video?id=7297506
Very interesting video regarding light rail construction in the Galleria Area.
Will light rail construction cause businesses in the Galleria area along Post Oak Blvd. cause them to relocate ?
March 05, 2010
Friday retail wrap 3|5|10
by Nancy Sarnoff :Houston Chronicle
http://blogs.chron.com/primeproperty/friday_retail_wrap/
KATY
Sport Clips
LaCenterra at Cinco Ranch at 23501 Cinco Ranch Blvd. and Grand Parkway
MISSOURI CITY
Sienna Smiles
The Shoppes at Sienna at 9119 Texas 6
CYPRESS
Ruby’s Fine Flooring
Cy-Fair Shopping Center at 13217 Jones Rd.
TEXAS CITY
South Side Roller Derby
Palmer Shopping Center at the corner of Highway 146 and Palmer Highway
WILLOWBROOK
The Body Shoppe Hair and Nails
Willowbrook Shopping Center
INDUSTRY RESEARCH
Houston Retail Sector Achieves Strong Absorption
By Jennifer Duell Popovec
http://www.globest.com/news/1955_1955/houston/312069-1.html
HOUSTON-During the first half of this year, 478,093 square feet of retail was absorbed, according to mid-year data provided by CBRE. This represents a significant improvement compared to 2010 when mid-year absorption posted at negative 858,369 square feet.
During the second quarter alone, the market recorded 388,507 square feet of absorption, according to CBRE. The marketwide vacancy rate was relatively unchanged at 8.1% at mid-year. The lowest vacancy rates were found in the Near West submarket (2.6%), which includes prime retail locations such as the Galleria, Uptown Park, Memorial and City Centre.
“Houston, and Texas in general, has taken on quite a bit of population, and retailers are positioning themselves to take advantage of that growth,” says Steve Ash, a managing senior vice president with Transwestern, which recently formed a strategic partnership with Page Partners to create Transwestern Page Retail Management LLC. The new management company focuses on institutional-quality retail projects and expanding retail leasing opportunities in Houston.
From 2000 to 2010, the region’s population grew 7.4% to 2.09 million. The metro area is in a race with Chicago to become the third largest city in the US, according to the US Census Bureau.
The strong population growth can be attributed to Houston’s continued economic strength and job creation. In fact, the Dallas Federal Reserve says the region’s economy has bounced back to pre-recession levels. According to estimates released by the Texas Workforce Commission, Houston gained 45,000 jobs from May 2010 to May 2011.
As the Houston metro area continues to grow, demand for goods and services has increased, and retailers have responded. “Retailers, particularly national retailers, are back in action,” Ash tells GlobeSt.com.
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July 14, 2011 at 1:08 pm (Edit)
Real estate transactions HOUSTON CHRONICLEJuly 10, 2011, 8:31PM
http://www.chron.com/disp/story.mpl/business/realestate/7647720.html
Leases
OFFICE: ION Geophysical Corp., a global provider of geophysical technology, services, and solutions for the oil and gas industry, has renewed its headquarters lease for 115,056 square feet in CityWestPlace, 2105 CityWest Blvd. Chip Colvill, Michael Anderson and Win Haggard Jr. of Colvill Office Properties represented the landlord, TPG/Cal/STRS, a joint venture of Thomas Properties Group and the California State Teachers’ Retirement System. Mark O’Donnell of Studley Houston represented the tenant.
INDUSTRIAL: Houston Sound Service has leased 6,600 square feet at 352 Garden Oaks. Jeff Kuper and Preston Jaggi with the National Realty Group represented the tenant. Steve Hazel with InSite Realty represented the landlord, Houston Pine Forest.
RETAIL: Buffalo Wild Wings has leased 5,700 square feet at The Crossing at Fry Road in Katy. James Doyle of Texas-Southwest Group represented the tenant. Dale Davison represented the landlord, Centro Properties Group.
OFFICE: Association Management has leased 1,150 square feet at 4722 Riverstone Blvd. in Missouri City. Michael S. Holmes of Weichert Realtors-Wayne Murray Properties represented the landlord, Wayne Murray Holdings. Syd Talley of Association Management represented the tenant.
RETAIL: Subway Real Estate has leased 1,200 square feet in Price Plaza Shopping Center at 1215 Fry Road. Alex Makris, Matt Keener and Jazz Hamilton of CB Richard Ellis represented the landlord.
RETAIL: Southside Skate Shop has leased 1,310 square feet at Shoppes at First Colony, 1930 Texas 6. Matt Keener, Alex Makris and Jazz Hamilton of CB Richard Ellis represented the landlord.
INDUSTRIAL: Nextel of Texas has renewed a 15,140-square-foot lease at 10718 Fallstone in the Sugar Land area and has renewed a 7,892-square-foot lease at 1291 N. Post Oak. Glynn Mireles and Jeff Everist of CB Richard Ellis represented Nextel. Steve Carter with Granite Properties represented the landlord at the Post Oak location, while Paul Magaziner represented the landlord at the Fallstone building.
RETAIL: Nova Healthcare has leased 5,995 square feet in The Loop Shopping Center at 9565 S. Main from Malladi Reddy, trustee. Abe Charski of ACI represented the landlord. Mark Davis of Davis Commercial represented the tenant.
RETAIL: Wonderwild has leased 7,483 square feet at The Grogan’s Mill Village Shopping Center, 2230 Buckthorne Place, for an arts-themed indoor party playground. Tim Maczko of the J. Beard Real Estate Co. represented the landlord.
OFFICE: Depression and Bipolar Support Alliance of Greater Houston has leased 3,470 square feet at 3800 Buffalo Speedway. Collin Grimes of CB Richard Ellis represented the tenant. Warren Savery represented the landlord, Crescent Real Estate.
RETAIL: Molina’s Restaurant has leased 5,600 square feet in Braes Heights at Bellaire Boulevard and Stella Link Road. Patrick Berna of Shanks & Associates represented the tenant. Stephen Swope represented the landlord, Centro Properties Group.
INDUSTRIAL: Southern Fasteners and Supply has leased 13,645 square feet of warehouse space at 3341 Rauch St. from First Industrial Realty Trust. David Munson of Boyd Commercial represented the landlord. Richard Glass of CRC Real Estate represented the tenant.
RETAIL: Hilti has renewed a lease for 4,374 square feet at 6306 Fairbanks North Houston. Russell Janicek, Matt Keener and Mark Raines of CB Richard Ellis represented the tenant.
RETAIL: CiCi’s Pizza has leased 4,000 square feet at Clear Lake Center at 20700 Gulf Freeway. Mark Raines, Matt Keener and Russell Janicek of CB Richard Ellis represented the tenant.
Etc.
CITYCENTRE: Midway Cos. is adding a second conference venue to its mixed-use development near Interstate 10 and Beltway 8 in partnership with Hotel Sorella/Valencia Group. Construction is under way on the 8,500-square-foot Hotel Sorella Meetings & Events Centre, with completion planned in August to coincide with the hotel’s second anniversary. Houston-based Proem Design-Build is overseeing the build-out, and Los Angeles-based Jennifer Skaife is providing interior design services. The project includes the La Scala Ballroom, nearly 4,000 square feet, with seating for 300; four boardrooms; a 200-square-foot conference room; several pre-function areas — the largest approximately 1,300 square feet; and a partially open pantry kitchen. Bistro Alex’s culinary team will oversee food and beverage for the venue.
FINANCING: HFF has arranged financing for 712 Main on behalf of an entity owned by Brookfield Real Estate Opportunity Fund. John Ahmed led the HFF team in securing the non-recourse loan through Capital One Bank. Built in 1929, the 35-story gothic/art deco-style building contains 794,186 square feet and is the Texas headquarters of JP Morgan Chase’s southwest banking operations.
SERVICE KING: Service King has opened a 32,000-square-foot location at 5919 Westheimer. Service King redeveloped the long-vacated former Truluck’s restaurant location on Westheimer for its offices and built the collision repair center behind it. It is the 10th Houston-area location opened for the collision repair company since 2009.
APARTMENTS: Allied Realty is targeting a summer 2012 opening for its first project in The Woodlands: The Retreat at The Woodlands, a 240-unit luxury apartment community at 4400 College Park Drive. The property is designed by Steinberg Design Collaborative and will be managed by Orion Real Estate Services, a division of Allied Realty. Financing and capital is being provided by JP Morgan Chase and a partnership between Allied Realty and De Anda Sandoval Group.
APARTMENTS: Transwestern announced that its Houston-area multifamily services group has completed six transactions totaling over 2,000 units in the last six months. Most recently, The Brazos, a 160-unit apartment community at 1440 Brazos Drive in Huntsville, was purchased by a local private investor. Transwestern represented a California-based seller.
CHRISTIAN BROTHERS: Andy and Christie Miller have opened a Christian Brothers Automotive franchise at 1515 W. FM 646 at Walker Road in League City. The 5,000-square-foot location includes nine service bays and an upscale lobby with leather couches, decorative lighting, artwork and hardwood floors. The Millers opened their first Christian Brothers location in February 2007 in Clear Lake. The automotive service and repair franchise operates in 14 states and has 81 locations plus 35 under development.
LEASING: Rosemont Realty of Santa Fe, N.M., has chosen Moody Rambin Interests to handle leasing at 12621 Featherwood.
LEASING: The Finial Group has been selected to provide leasing for 1001 Texas- The Binz Building. Keith Bilski, Neil Martin and Ben Debayle will handle leasing of the 121,392-square-foot building.
APARTMENTS: Jones Lang LaSalle’s Capital Markets has been hired to market Legends at Cinco Ranch in Houston for sale for Sterling Investco, a Dallas-based multifamily developer. The new 260-unit community is expected to fetch in excess of $40 million. The firm has also been hired to secure $8 million in construction financing for the project’s second phase.
CITY VIEW LOFTS: Orion Real Estate Services has been selected to manage City View Lofts, a newly renovated historic property at 15 N. Chenevert, scheduled to open in August. The former Nabisco cookie factory has been converted into 57 loft-style units with original exposed brick and pipes, 14-to-30-foot barrel-vaulted ceilings, large factory windows and original maple floors. City View Lofts is two blocks from Minute Maid Park.
Interesting Article:
Houston Site Acquisitions specializes in Houston Commercial Real Estate including , Houston Industrial Space, Houston Warehouse Space, and industrial investment property. For commercial real estate assistance please contact us at 713-789-8700 or fill out the easy to fill out form located at the top right hand corner of this page. http://www.hsacq.com
July 14, 2011 at 1:08 pm (Edit)
Real estate transactions HOUSTON CHRONICLEJuly 10, 2011, 8:31PM
http://www.chron.com/disp/story.mpl/business/realestate/7647720.html
Leases
OFFICE: ION Geophysical Corp., a global provider of geophysical technology, services, and solutions for the oil and gas industry, has renewed its headquarters lease for 115,056 square feet in CityWestPlace, 2105 CityWest Blvd. Chip Colvill, Michael Anderson and Win Haggard Jr. of Colvill Office Properties represented the landlord, TPG/Cal/STRS, a joint venture of Thomas Properties Group and the California State Teachers’ Retirement System. Mark O’Donnell of Studley Houston represented the tenant.
INDUSTRIAL: Houston Sound Service has leased 6,600 square feet at 352 Garden Oaks. Jeff Kuper and Preston Jaggi with the National Realty Group represented the tenant. Steve Hazel with InSite Realty represented the landlord, Houston Pine Forest.
RETAIL: Buffalo Wild Wings has leased 5,700 square feet at The Crossing at Fry Road in Katy. James Doyle of Texas-Southwest Group represented the tenant. Dale Davison represented the landlord, Centro Properties Group.
OFFICE: Association Management has leased 1,150 square feet at 4722 Riverstone Blvd. in Missouri City. Michael S. Holmes of Weichert Realtors-Wayne Murray Properties represented the landlord, Wayne Murray Holdings. Syd Talley of Association Management represented the tenant.
RETAIL: Subway Real Estate has leased 1,200 square feet in Price Plaza Shopping Center at 1215 Fry Road. Alex Makris, Matt Keener and Jazz Hamilton of CB Richard Ellis represented the landlord.
RETAIL: Southside Skate Shop has leased 1,310 square feet at Shoppes at First Colony, 1930 Texas 6. Matt Keener, Alex Makris and Jazz Hamilton of CB Richard Ellis represented the landlord.
INDUSTRIAL: Nextel of Texas has renewed a 15,140-square-foot lease at 10718 Fallstone in the Sugar Land area and has renewed a 7,892-square-foot lease at 1291 N. Post Oak. Glynn Mireles and Jeff Everist of CB Richard Ellis represented Nextel. Steve Carter with Granite Properties represented the landlord at the Post Oak location, while Paul Magaziner represented the landlord at the Fallstone building.
RETAIL: Nova Healthcare has leased 5,995 square feet in The Loop Shopping Center at 9565 S. Main from Malladi Reddy, trustee. Abe Charski of ACI represented the landlord. Mark Davis of Davis Commercial represented the tenant.
RETAIL: Wonderwild has leased 7,483 square feet at The Grogan’s Mill Village Shopping Center, 2230 Buckthorne Place, for an arts-themed indoor party playground. Tim Maczko of the J. Beard Real Estate Co. represented the landlord.
OFFICE: Depression and Bipolar Support Alliance of Greater Houston has leased 3,470 square feet at 3800 Buffalo Speedway. Collin Grimes of CB Richard Ellis represented the tenant. Warren Savery represented the landlord, Crescent Real Estate.
RETAIL: Molina’s Restaurant has leased 5,600 square feet in Braes Heights at Bellaire Boulevard and Stella Link Road. Patrick Berna of Shanks & Associates represented the tenant. Stephen Swope represented the landlord, Centro Properties Group.
INDUSTRIAL: Southern Fasteners and Supply has leased 13,645 square feet of warehouse space at 3341 Rauch St. from First Industrial Realty Trust. David Munson of Boyd Commercial represented the landlord. Richard Glass of CRC Real Estate represented the tenant.
RETAIL: Hilti has renewed a lease for 4,374 square feet at 6306 Fairbanks North Houston. Russell Janicek, Matt Keener and Mark Raines of CB Richard Ellis represented the tenant.
RETAIL: CiCi’s Pizza has leased 4,000 square feet at Clear Lake Center at 20700 Gulf Freeway. Mark Raines, Matt Keener and Russell Janicek of CB Richard Ellis represented the tenant.
Etc.
CITYCENTRE: Midway Cos. is adding a second conference venue to its mixed-use development near Interstate 10 and Beltway 8 in partnership with Hotel Sorella/Valencia Group. Construction is under way on the 8,500-square-foot Hotel Sorella Meetings & Events Centre, with completion planned in August to coincide with the hotel’s second anniversary. Houston-based Proem Design-Build is overseeing the build-out, and Los Angeles-based Jennifer Skaife is providing interior design services. The project includes the La Scala Ballroom, nearly 4,000 square feet, with seating for 300; four boardrooms; a 200-square-foot conference room; several pre-function areas — the largest approximately 1,300 square feet; and a partially open pantry kitchen. Bistro Alex’s culinary team will oversee food and beverage for the venue.
FINANCING: HFF has arranged financing for 712 Main on behalf of an entity owned by Brookfield Real Estate Opportunity Fund. John Ahmed led the HFF team in securing the non-recourse loan through Capital One Bank. Built in 1929, the 35-story gothic/art deco-style building contains 794,186 square feet and is the Texas headquarters of JP Morgan Chase’s southwest banking operations.
SERVICE KING: Service King has opened a 32,000-square-foot location at 5919 Westheimer. Service King redeveloped the long-vacated former Truluck’s restaurant location on Westheimer for its offices and built the collision repair center behind it. It is the 10th Houston-area location opened for the collision repair company since 2009.
APARTMENTS: Allied Realty is targeting a summer 2012 opening for its first project in The Woodlands: The Retreat at The Woodlands, a 240-unit luxury apartment community at 4400 College Park Drive. The property is designed by Steinberg Design Collaborative and will be managed by Orion Real Estate Services, a division of Allied Realty. Financing and capital is being provided by JP Morgan Chase and a partnership between Allied Realty and De Anda Sandoval Group.
APARTMENTS: Transwestern announced that its Houston-area multifamily services group has completed six transactions totaling over 2,000 units in the last six months. Most recently, The Brazos, a 160-unit apartment community at 1440 Brazos Drive in Huntsville, was purchased by a local private investor. Transwestern represented a California-based seller.
CHRISTIAN BROTHERS: Andy and Christie Miller have opened a Christian Brothers Automotive franchise at 1515 W. FM 646 at Walker Road in League City. The 5,000-square-foot location includes nine service bays and an upscale lobby with leather couches, decorative lighting, artwork and hardwood floors. The Millers opened their first Christian Brothers location in February 2007 in Clear Lake. The automotive service and repair franchise operates in 14 states and has 81 locations plus 35 under development.
LEASING: Rosemont Realty of Santa Fe, N.M., has chosen Moody Rambin Interests to handle leasing at 12621 Featherwood.
LEASING: The Finial Group has been selected to provide leasing for 1001 Texas- The Binz Building. Keith Bilski, Neil Martin and Ben Debayle will handle leasing of the 121,392-square-foot building.
APARTMENTS: Jones Lang LaSalle’s Capital Markets has been hired to market Legends at Cinco Ranch in Houston for sale for Sterling Investco, a Dallas-based multifamily developer. The new 260-unit community is expected to fetch in excess of $40 million. The firm has also been hired to secure $8 million in construction financing for the project’s second phase.
CITY VIEW LOFTS: Orion Real Estate Services has been selected to manage City View Lofts, a newly renovated historic property at 15 N. Chenevert, scheduled to open in August. The former Nabisco cookie factory has been converted into 57 loft-style units with original exposed brick and pipes, 14-to-30-foot barrel-vaulted ceilings, large factory windows and original maple floors. City View Lofts is two blocks from Minute Maid Park.
Houston Site Acquisitions specializes in Houston Commercial Real Estate including , Houston Industrial Space, Houston Warehouse Space, and industrial investment property. For commercial real estate assistance please contact us at 713-789-8700 or fill out the easy to fill out form located at the top right hand corner of this page. http://www.hsacq.com