Houston-based Fidelis Realty Partners acquired Shadow Creek Ranch, a 613,468-square-foot, H-E-B-anchored retail center at 2805 Business Center Drive in Pearland’s Shadow Ranch community.
Ryan West, Chris Gerard, Barry Brown, Wendy Vandeventer and Katherine Miller of JLL represented the seller, Edens. The property is 97.7-percent leased. Tenants include Academy, Ashley HomeStore, Burlington, Dynamic Fitness, Hobby Lobby, Subway, Club Pilates, Men’s Wearhouse, Pure Barre and Salata. The sale includes 11 freestanding parcels leased to tenants such as Taco Cabana, Frost Bank and Longhorn Steakhouse. JLL will also arrange post acquisition financing.
Dallas-based DataBank will expand to Houston with the purchase of four data centers from CyrusOne for $670 million, the company announced. The facilities consist of 4201 Southwest Freeway and three buildings on Westway Park Boulevard campus in west Houston. With the acquisition, DataBank will have more than 65 facilities and 2.0 million square feet of raised-floor data center capacity, including more than 300,000 square feet in Houston. DataBank will gain customers from the healthcare, financial, energy, media and software sectors with the acquisition, which is expected to close in the first quarter.
Miami-based 3650 REIT provided a $60.5 million loan to Houston-based Hunington Properties for the construction of The Vic on Park Row, a 363-unit apartment complex spanning two four-story buildings at 18210 Park Row in the Energy Corridor.
Hillwood Investment Properties, a Dallas-based company focused on industrial real estate development, purchased 66.3 acres at 5805 S. Sam Houston Parkway East. Clay Pritchett and Zane Carman of NAI Partners represented the seller, 14800 Jersey Shore Drive.
Houston-based Hicks Ventures signed a $100 million joint venture agreement with metropolitan Washington, D.C.-based Artemis Real Estate Partners to develop inpatient rehabilitation facilities and behavioral health hospitals nationwide. Hicks and its principals, Patrick Hicks, David Steidley and Larry Vaile, have completed more than $1 billion in healthcare development projects in the last 20 years. The company is slated to break ground on a 53,000-square foot medical facility in Wausau, Wis., in March.
Christopher Martin Gallery opened a Houston location at 2625 Colquitt in the Upper Kirby District. Heather Winn of Winn Commercial Realty represented abstract painter Christopher Martin in the 2,000-square-foot lease. Martin has other galleries in Dallas, Aspen and Vail.
Houston-based Hazel Equity, an affiliate of Hashem Holdings, purchased Cranbrook Forest, a 261-unit apartment complex at 13875 Ella Blvd. in northwest Houston. The seller, Loan Star Capital Group of New York, invested more than $3 million in improvements, primarily focused on the exterior. Planned improvements to the units include appliances, flooring, paint and cabinetry. Bob Heard, Teresa Lowery, Todd Stewart and Chip Nash of Colliers in Houston worked with a team from Colliers in Arizona on the sale.
MLG Capital, an investment firm based in a Brookfield, Wis., acquired a four-property apartment portfolio totaling 1,115 units in Texas and Florida. Chris Curry, Todd Marix, Jeffrey Skipworth, Joey Rippel, Chris Young and Kyle Whitney of Berkadia Houston marketed the portfolio for the seller, Southstar Properties. The properties consist of Parkland at West Oaks, a 323-unit complex at 2600 Westhollow Drive in Houston; Radius at Shadow Creek, a 350-unit complex at 2400 Business Center Drive in Pearland; West Creek, a 228-unit complex at 2211 Montgomery Park Blvd. in Conroe, and Savona Grand Apartments, a 214-unit complex in Lake Worth, Fla.
SCL Cold Chain leased 12,910 square feet at Prologis Greens Parkway 3, at 845 Greens Parkway. Jeremy Lumbreras and William Carpenter of Stream Realty Partners represented the landlord, Prologis.
Open Door Pediatric Therapy leased 10,636 square feet at 7915 FM 1960. Bryan Collins represented the landlord, Hartman Income REIT.
Sigma Supply renewed its lease in 41,004 square feet at Reed’s Landing Business Park, at 2020 Greens Road. Jeremy Lumbreras of Stream Realty Partners represented the landlord, Link Industrial.
katherine.feser@chron.com
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