
Houston-based commercial real estate firm Moody Rambin announced leases that bring its 253,714-square-foot Town Centre One office building at 750 Town & Country Blvd. to full occupancy. JFE Shoji America, represented by Robert Ritschel of The Saywitz Group Co., leased 1,566 square feet. USP Houston, represented by Nelson Udstuen of CBRE, leased 4,049. Axis Communications, represented by Michael Massaro of Mohr Partners, leased 5,863 square feet. Constellation Real Estate Partners, represented by Russell Hodges of CBRE, leased 3,722 square feet. Completed in 2015, the building is part of Town and Country Village, a 41-acre mixed-use development owned and managed by Moody Rambin. The company is seeking tenants for Town Centre Two, an eight-story, 167,141-square-foot office building planned next door.
Los Angeles-based BH Properties acquired Mason Creek II, a vacant three-story office building at 21700 Merchants Way in Katy. Originally designed for a single occupant, the 127,955-square-foot building will be repositioned as a multi-tenant building with amenities such as a tenant lounge and conference center, according to Scott Henry, BH Properties managing director of acquisitions. Jeff Hollinden of JLL Capital Markets represented the seller. Bob Cromwell and Kevin Nolan of Moody Rambin will handle leasing.
Bridge Investment Group purchased a 56,798-square-foot industrial building on 4.2 acres at 4525 Airline Drive. Conrad Bernard and David Boyd of Boyd Commercial represented the seller, Delco Properties. The buyer plans to complete upgrades to the building and offer it for lease. Boyd Commercial will handle leasing.
Equus Capital Partners, a real estate investment manager based in the Philadelphia area, acquired a 75 property, 5.4 million-square-foot industrial portfolio in seven markets across the Sun Belt and East Coast. The portfolio is 98 percent leased to nearly 250 tenants. The purchase included 19 buildings totaling 1.05 million square feet in Houston.
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Specialty Restaurants Corp. purchased 10.8 acres at 8505 Cypress St. David Munson of Boyd Commercial represented the seller, SWS Holdings-Brady Island LP.
Lamppost Capital Management purchased The Edge at Langham Creek, a newly constructed 115-unit apartment complex at 15831 Yorktown Crossing Parkway, from HS Development Group. Institutional Property Advisors, a division of Marcus & Millichap, brokered the sale.
DLP Capital, a private real estate investment and finance firm based in St. Augustine, Fla., has partnered with Colony Hills Capital, a multifamily investment firm based in Wilbraham, Mass., to purchase City Park in the Heights, a 308-unit apartment complex at 1640 E. TC Jester Blvd.
Square Mile Capital Management, a real estate investment management firm based in New York, originated a loan to Stream Realty Partners for Empire West, a 3.2 million-square-foot industrial project under construction in Brookshire. The project is being developed on 300 acres at the northwest corner of Interstate 10 and Woods Road. Phase 1 was completed in 2020 and is 100 percent leased. Phase two, consisting of six buildings totaling 2.3 million square feet, is expected to be delivered in 2022. Colby Mueck and John Ream of JLL arranged the financing.
Grind & Rise, a D-Bat franchise, leased 11,000 square feet at N. Main Business Park at 5548 N. Main in Baytown for a batting cage/baseball training facility. Greg Spitler of RBI Real Estate represented the tenant. Leigh Anne Ahr of Proximity Commercial Advisors represented the landlord.
Houston-based Triten Real Estate Partners purchased a 100-acre, multi-tenant outdoor storage yard portfolio near Wallisville Road and Oates Road, south of U.S. 90, in northeast Houston. Tenants include materials storage, truck parking and drayage users. The property is near Union Pacific’s Settergast and Englewood rail yards. Andrew Jewett of CBRE and Blake Gibson of Collier brokered the transaction. Triten’s nationwide industrial service facility portfolio totals more than 170 acres in Houston and close to 250 acres in markets such as Atlanta, Kansas City and the Inland Empire in California.
Houston-based Boxer Property acquired Columbia Centre, a 167,260-square-foot office building at 11011 Richmond in Westchase. The nine-story building has up to 55,000 square feet of move-in ready space available. Two floors will be built out with Workstyle, Boxer’s brand of flexible workspace. Andre Pereira, director of acquisitions, represented Boxer, while Darrell Betts and Jessica Alexander of Avison Young represented the seller.
Binder Science renewed a lease for 7,001 square feet of lab space at 9391 Grogans Mill Road, The Woodlands. Robert Willard of Lincoln Property Co. represented the landlord, AF4 Woodlands. George Montes of Cypressbrook Co. represented the tenant.
katherine.feser@chron.com
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