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Houston real estate transactions – Houston Chronicle

Houston-based Kajani Capital Group purchased 10.8 acres in Kingwood Place, an H-E-B-anchored center at the southwest corner of U.S. 59 and Northpark Drive, for a 300-unit apartment development in northeast Houston. Chris Bergmann Jr. of JLL represented the buyer. Joan Collum of Collum Commercial represented the seller, Austin-based Stratus Properties. Tenants in the 95-percent leased center include Starbucks, Twin Liquors, Chicken Salad Chick, Crust Pizza, Lupe Tortilla, Urgent Vet, Bubbly Paws, European Wax, Jersey Mikes, Nails of America and GoHealth Urgent Care, a division of Memorial Hermann. Kajani Capital also recently broke ground on 336 more multifamily units in Champions area.

“We are excited to continue growing our portfolio of multifamily properties in the Houston Metro area,” Khalid Kajani, principal at Kajani Capital, said in an announcement. “With several of the best retail anchor tenants, restaurants, and other amenities, this development will meet all the future tenant’s needs in one place.”

Third Coast Chemicals leased 22,314 square feet of office space at 13100 Space Center Blvd. Trey Martin of Partners Real Estate represented the tenant. Scott Fikes of JLL represented the landlord, Billipp Space Center LP.

U.S. Pallet Racks opened a nearly 30,000-square-foot stocking warehouse at 21287 Foster Road in Spring. The company distributes pallet racks and other material handling equipment produced by Nucor Warehouse Systems to their dealer network. Nucor manufactures pallet racks in Los Angeles, Houston and Atlanta. The pallet racks are used in warehouses and distribution centers.

RELATED: Real estate transactions: Woodlands office campus fills with tenants

VGXI Inc., a contract developer and manufacturer of biopharmaceuticals including vaccines and gene therapies, opened a 120,000-square-foot headquarters and manufacturing facility in Conroe’s Deison Technology Park, the Conroe Economic Development Council announced. VGXI relocated from The Woodlands.

Encino Environmental Services leased 10,800 square feet at 20302 Park Row in the Westborough Business Park in Katy. Kevin Poynter of Poynter Commercial Properties Corp. represented the tenant. Judd Harrison of KBC Advisors and Chris Klein of Colliers represented the landlord.

WSB & Associates leased 6,109 square feet in the Energy Tower building at 11700 Katy Freeway. Kevin Poynter of Poynter Commercial Properties Corp represented the landlord, Atlas Energy Tower LLC, an affiliate of Atcap Partners. Travis Taylor of Lee & Associates represented the tenant.

Corum Properties purchased 55 acres with frontage on the north side of Interstate 10 west of the Brazos River in Sealy. Garth Plyler and Matt Rogers of Oxford Partners represented the buyer. Matt Barnes with All City Real Estate represented the seller, FM Land Holdings.

Decedent Logistics Corp. leased 6,500 square feet at 5727 Glenmont Drive. Jason Gibbons and Andrew Bischoff of Finial Group represented the landlord, Glenmont Properties.

Houston-based Lovett Industrial broke ground on Innovation Ridge Logistics Park, a three-building industrial business park totaling 1.1 million square feet in the city of Forney near Dallas. Completion is planned in September of 2023.

Welcome Group, a Houston-based real estate development firm, purchased 840 Logistics Center, a 709,652-square-foot distribution center in Mt. Juliet, Tenn. JLL Capital represented the seller, Westmount Realty Capital. Built in 2008, the property at 245 Couchville Industrial Blvd. is leased to Supply Chain Warehouses and Superior 3rd Party Logistics. 

Dallas-based Big Sky Medical purchased the Westinghouse Building at Providence Park in College Station. Oldham Goodwin Capital, the real estate private equity investment and development arm of Oldham Goodwin, acquired and redeveloped the 175,752 square-foot facility, which anchors the 52-acre research and life science campus, in 2016.

Westchase District renewed its 4,032 square-foot office lease at 10370 Richmond Ave. Jason Whittington of Partners Real Estate represented the tenant. Brad Fricks of Stream Realty Partners represented the landlord, FSP Westchase.

Houston Symphony Society renewed 4,216 square feet at 5151 Mitchelldale. Justin Harrity represented the landlord, Hartman Income REIT.

45N Kana Hospitality purchased 1.04 acres at 9422 North Freeway from United Built Homes. The buyer was represented by Alex Wisnoski of Texas CRES and the seller was represented by Elise Weatherall of Wulfe & Co.



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