Ahmad, Zavitsanos & Mensing Law, a national law firm, and MRC Global, a distributor of global energy products, have extended and expanded their leases at Houston Center, Brookfield Properties announced.
Courtesy of Brookfield Properties
Downtown Houston
Under the new agreements, AZA will lease approximately 58K SF at the LyondellBasell Tower. MRC Global will lease approximately 50K SF at 3 Houston Center.
AZA was represented by John Luck, Andy Iversen and Audrey Selber of Newmark, while MRC Global was represented by Trey Strake, Chris Oliver and Scott Wegmann of Cushman & Wakefield. In both deals, Brookfield Properties was represented by Transwestern’s Doug Little, Kelli Gault, Jack Scharnberg and Parker Burkett.
Houston Center amenities include expansive outdoor space and a fitness center, shopping and dining options at The Highlight (the former Houston Center stores), and an expansive conference center.
Houston Center’s recent major redevelopment offers visitors and tenants a new arrival experience along McKinney Street, with a new central plaza, connecting stairway with landscaped terraces, two-story glass facade, and suspension bridges clad to aid restaurant and retail business at street level. As part of this initiative, Brookfield Properties recently completed the redevelopment of The Highlight and renovation of 3 Houston Center at 1301 McKinney St.
The recently renovated 3 Houston Center includes an updated main lobby, improved pedestrian circulation, new floor and wall finishes, energy-efficient lighting upgrades, improvements to the existing conference facility, and new furniture and artwork.
PEOPLE
Jack Eichelberger joined Edge Realty Partners in Houston as an Associate, focusing on project leasing and tenant representation. Prior to joining Edge, Eichelberger worked as a business development associate for Charter Title, focusing on commercial transactions.
SALES
Fuller Realty sold a 240,000 SF 10-building light industrial portfolio to Fort Capital. The deal was a direct off-market sale.
The buildings, including the Dairy Ashford Business Park in the Energy Corridor; Rothway Business Center near Highway 290 and Hempstead Road; Kirkwood Tech Center in Stafford; and the Jameel Business Center off Highway 290 and Beltway 8 – are all northwest, west, and southwest of Houston.
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Pagewood has acquired a 98K SF industrial business park at 10205 Market St. The multi-tenant park caters to large and small users in a high-quality infill location near Port Houston.
Pagewood’s Nick Spearman went out of business within four months of joining the company. Pagewood will implement a capital improvement program to improve the property, which has historically had minimal marketing and management.
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Courtesy of Northmarq
Magnolia Health Center
Riley Sharman of Northmarq Houston completed the sale of a retail and medical center from eight tenants at 827 Magnolia Blvd. in Magnolia. The 17K SF building is fully leased.
Sharman represented the vendor, a local landlord. A 1031 exchange buyer based in the Dallas-Fort Worth area has acquired the asset.
The property was built in 2012 and is situated on 7.7 acres.
LEASES
Pediatrix leased 4K SF in Copperwood Village, a retail mall at 6809 Highway 6 N. Transwestern’s Crystal Allen and Loch Cook represented the tenant in the settlement. Streetwise’s David Wise represented the host.
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Orbis Education Services signed a new 22K SF lease at Commerce Green One, a medical office building at 14090 Southwest Freeway. Transwestern’s Ashley Cassel Byrd and Chad Gunter represented the tenant in the settlement.
CONSTRUCTION AND DEVELOPMENT
Vero Sade has completed renovations to the 404-unit multi-family complex formerly known as City Vista. Now called Us Bayou Park, the 2221 West Dallas St. complex is Vero Sade’s first club life concept, infusing hospitality, high-frequency programming, and amenities to build relationships among residents.
Upgrades include a 10K SF common multipurpose space, 4K SF fitness center and outdoor green space for yoga, two resort-style pools, and renovated units throughout.
Floor plans range from 691 SF to 1,400 SF and start at $1,700. Greystar, based in Houston, is the new operator of the complex.
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Courtesy of Rob Greer
Skanska’s 1550 on the Green topped the event
Skanska announced it has completed 1550 on the Green, a 28-story, 375K SF Class A office building adjacent to Discovery Green. Skanska representatives celebrated the milestone with representatives for Norton Rose Fulbright, who will be the building’s primary tenant.
Construction is expected to be completed by the end of the year.
THIS THAT
Four Oaks Place has achieved Fitwel Certification, CBRE announced. Four Oaks Place is a 2.3 million SF Class A office complex in the Uptown Galleria submarket.
Fitwel assesses the impact new and existing buildings have on their occupants and the environment. Four Oaks Place achieved certification by implementing strategies in categories such as impacting surrounding community health, promoting occupant safety, increasing physical activity, supporting social equity for vulnerable populations, and improving health access to healthy foods.
Four Oaks Place, comprising five buildings, holds LEED and Energy Star certifications and includes expansive green spaces. Its location in uptown Houston increases flexibility, walkability and proximity to many amenities, according to Brookfield. Amenities include a full-service coffee shop, an on-site restaurant, a fully equipped fitness center, an on-site car wash, and electric car charging stations.
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The Association of Commercial Real Estate Professionals – Gulf Coast Chapter has announced the boxers for the Bayou City Brawl, all local commercial real estate professionals.
The Bayou City Brawl will take place on April 20 at the Marriott Marquis in downtown Houston. It will benefit the Building Tomorrow Education Foundation.
More than 1,500 guests are expected at the event, which will be the first in Houston.
“The brave fighters filling this card are well-known CRE leaders on the Gulf Coast,” Randy Young of Texas Overland Co., event chairman for ACRP, said in a press release. “All recognized by their peers and peers as potential champions in their own right. I am thrilled to announce after weeks of intense training the names of your fighters for this year’s Bayou City Brawl.”
The fighters are:
- Pierce Beyer – Real Estate Partners
- Chris Carr – Goree
- John Grimsley-Collier
- Marcus Harper-Collier
- Joe Monteith-Tellepsen
- Juan Ponce – Architecture of the method
- Steve Ramirez – WGA Consulting Engineers
- Owen Rogers – Kimley Horn
- Scogliera Santellana – Gulf-Tex LLC roofing and services
- Jason Tangen – Industrial NIT
- Jared Tipps – Adventure in Heights
- Scott Visin-Cushman & Wakefield
Alternatives:
- Payton Arens-Kimley Horn
- Matt Banker – Burton construction
Former heavyweight champion Lou Savarese is bringing his industry know-how to matches, which will be officially sanctioned by USA Boxing.
