REDNews January 2015 - Southeast Cover January 2015 | Page 40

Keith Lloyd

ANNOUNCEMENTS

Andrew W. Sowell

REDNews

Southeast Texas

Keith Lloyd has joined
Marcus & Millichap as a
senior associate and a director
of the company’s National
Office & Industrial Properties
Group in Houston.

Houston Area

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Houston (SALE) Cushman & Wakefield (C&W) sold Cedar
Crossing Industrial Park, the 10,897 acre industrial park, to
Trans-Global Solutions, Inc. who is the majority owner of the
buyer, TGS Cedar Port Partners, L.P. TGS has been the rail
service provider for Cedar Crossing since its inception. The
C&W team of Kelley Park, John Littman, Coe Parker and
Tim Thomas handled the marketing and sale of the site.
Houston (SALE) Liberty Property Trust sold its 6.3 million SF

Houston industrial portfolio for $29.7 million to Boston-based

TA Associates Realty. Properties include: 9500 -0450 Clay

Road, 11502 S. Main, 5910 West by NW Blvd, 8801 & 8811
Wallisville Road.

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Katy (SALE) Rockspring Capital has acquired a 157 acre

site off Katy Hockley Road, just north of FM 529 in the Katy
area. The tract, which is suitable for a residential development
is next to the Newland Communities new Elyson masterplanned community.

Houston (SALE) Rockspring Capital also acquired a 4-acre

redevelopment site on the east side of Yale Street and North
Loop 610. It is currently leased to Neff Rental but could be a
candidate for redevelopment for possibly mid-rise or mixed-use
retail.
(Sale)
NAI Houston represented Steadfast
Development Company LLC in the purchase of 5.0886 acres of
industrial land at Willow Place N & Willow Place W from Revo
II, LP The buyer will construct new spec industrial buildings on
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the property. Travis Land, SIOR and John Ferruzzo, SIOR
of NAI Houston represented the buyer and Keith Grothaus of
Caldwell Companies represented the seller.

Andrew W. Sowell,
SIOR, Principal with Boyd
Commercial/CORFAC
International, has been
inducted as the new President
of the Houston/Gulf Coast
Chapter of The Society
of Industrial and Office
Realtors (SIOR).

Cliff Rudolph of the Tanglewood Property Group

DEALS

represented the buyer.
Dallas-based commercial
real estate development & investment firm KDC and
Dallas based Sarofim Realty Advisors, a wholly owned
subsidiary of Houston based Fayez Sarofim & Company
are developing a 68,950 SF office building at 681 Greens
Parkway for Lennar Homes of Texsa Land and Construction
LTD. Jerry Frey, Ron McWherter and Darren Gowell
with CBRE represented Lennar and JP Hutcheson with
Cassidy Turley represented KDC and Sarofim Realty
Advisors.
Houston (DEVELOPMENT)

Houston (SALE) Fuller Realty Partners has purchased
the Exxon Mobil building located at 13401 North Freeway.
The company also acquired adjacent land from a separate
owner that will allow for additional parking for future
tenants. JLL’s Rudy Hubbard, Kevin McConn and Rick
Goings were involved in the transaction.
Houston (SALE)

LaSalle Investment Management

reportedly agreed to buy 1000 Main, formerly known as
Reliant Plaza, for $450 million which is a record breaker
price for a Houston trophy tower. The seller is Dallas
based, Invesco Real Estate and an unidentified Australian
entity. The sale was handled by CBRE.

Houston

Rosemont Realty, a Santa Fe, New
Mexico based CRE investment company, purchased
Kirkwood Tower, a 286,000 SF office building from
Denver based Amstar and Dallas based Frontier Equity.
Rosemont now owns 16 building representing nearly 2.5
million square feet in the Houston area.

Houston (SALE)
British International School of Houston
(BISH) purchased 33 acres at the SWC of Westgreen Blvd and
Franz Road for a 274,000 SF & 2000 seat campus for Pre-K
– 12th grade and is scheduled to open in September 2016.
Andrew Spence and Cape Bell from Cushman & Wakefield
represented the buyer and the seller, KUT Partners, LTD was
represented by John Deboben.

Katy (LEASE) Ersa Grae Corp signed StollerUSA and East
West Bank to 40,632 SF and 20,316 SF, respectively, at its
Gateway at Spring Valley Building at 9090 Katy Freeway
in Katy, Texas. StollerUSA will occupy the top two floors
and EastWest Bank will occupy space on the second floor.
Parker Duffie and Jason Presley of CBRE represented
Ersa Grae Corp, the landlord and development company
in the transaction.

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Houston/Dallas (SALE)

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Harbor Group Internal LLC, a

Norfolk, Virginia based company bought the 216 unit Cypress
Lake and 330 unit Milano Apartments in Houston. In total,
the company has purchased 12 properties totaling 2100
apartments in Dallas and Houston.
CBRE’s Dirk Goris
represented the portfolio’s seller in the acquisition.

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Houston (SALE) Tarantino Properties, Inc sold the 10-story,
191,9117 SF, 2000 Bering Office Building to Tanglewood
Propery Group. Patrick Fresee with Tarantino Properties,
Inc represented the seller and Henry Hagendorf and

40 | REDNews.com

Houston (SALE)

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Houston (SALE) Raintree Commercial sold its 7,100 SF re-

tail, multi-tenant building located at 1249 North Loop West
to an undisclosed international investor.