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Real estate transactions: Florida investor buys Katy shopping center – Houston Chronicle

CTO Realty Growth, a real estate investment trust based in Winter Park, Fla., acquired Price Plaza Shopping Center, a 205,000-square-foot center on 23.2 acres at 20290 Katy Freeway in the Katy area for $39.1 million. The property is 95 percent occupied. Tenants include Best Buy, Ross Dress for Less, dd’s Discounts and James Avery Artisan Jewelry.

Armstrong Commercial Services, a provider of moving, relocation and logistics services, completed construction on a 116,000-square-foot warehouse at 9778 W. Gulf Bank Road. The new buildings grows the Memphis-based company’s Gulf Coast presence to 205,000 square feet of warehousing space across three locations. The expansion enables the company to minimize supply-chain disruptions for retailers, manufacturers, suppliers and other customers across the West and Midwest.

Humble Independent School District purchased 3.8 acres on Wilson Road at Michael Street in Humble from Higher Expectation Church & Outreach Ministries for a future office complex. Mark Wimberly of Houston Commercial Development represented the buyer.

Welcome Group acquired a 44,800-square-foot office/industrial facility on 11.4 acres at 3250 S. Sam Houston Parkway East in Pearland. The vacant single-tenant property has 31,400 square feet of warehouse space, 12,800 square feet of office space and 600 square feet of lab space. The purchase included a five-acre site for a future 80,000-square-foot industrial building. John Ferruzzo of Transwestern represented the seller. Ryan Wasaff and John Wilson of Welcome Realty Advisors represented the buyer. Houston-based Welcome Group owns 130 industrial properties in Texas and the southeast U.S.

Kelsey-Seybold Clinic started a 40,000-square-foot expansion of its Spring Medical and Diagnostic Center at 15655 Cypress Woods Medical Drive. The clinic will total 172,000 square feet with room for more than 60 providers upon completion in early 2023. Kirksey Architecture, Powers Brown Architecture and Gamma Construction are working on the project.

Home Great Supply and Fu Fu Holdings purchased a 38,000-square-foot office building at 9207 Country Creek Drive in southwest Houston. The buyers will relocate their home improvement and building supply wholesaler business to the property. Vicky Lu of Sunet Group represented the buyers. Lisa Rimkus of Davis Commercial represented the seller, Adonai Plaza LLC.

CMS Wireless, a wireless telecommunications construction and service company, leased a 59,600-square-foot industrial building 11300 Windfern Road in northwest Houston. Jason Gibbons and Dylan Schopper of Finial Group represented the landlord.

Brothers Builders, a company that designs and builds food trucks for vendors nationwide, signed a 10,000-square-foot warehouse lease at 18527 Imperial Valley Drive in north Houston. André Azizi of Riverside Equity Commercial represented the landlord. Ashley Casterlin of Davis Commercial represented the tenant.

Tieken Smiles leased 6,125 square feet of medical office space at Two Harbor Square, 3033 Marina Bay Drive, League City. Jason Gaines of NAI Partners represented the landlord, LH Harbour Square.

iCode leased 2,327 square feet of office space in Cypress Village Station, at U.S. 290 and Skinner Road, Cypress, from NewQuest Properties. Kevin Sims of NewQuest Properties represented the landlord. Chad Littleton of Morrow Hill represented the tenant.

Huatan Landscaping leased 3,732 square feet at 8701 New Trails Drive in The Woodlands. Alexandra Marques of Zarco Properties represented the tenant. Greg Usher of Cypressbrook Co. represented the landlord, Vista Woodlands Partners.

CAF Real Estate-Baytown acquired a 1.73-acre site in Chambers Town Center, at Interstate 10 and Texas 146, Baytown. Bob Conwell and Austen Baldridge of NewQuest Properties represented the seller. Shireen Owlia and Jeff Hayes of NewQuest Properties represented the buyer.



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