Real estate transactions: Archway Properties plans huge industrial project in Baytown
May 26, 2022
Archway Properties purchased 234 acres near the southeast corner of Interstate 10 East and Sjolander Road in Baytown for the development of Baytown 10 Commerce Center, a 3 million-square-foot project planned for four buildings ranging from 500,000 square feet to 1.2 million square feet. Archway plans to break ground on phase 1, a 503,775-square-foot speculative building in June, according to Benjamin Allen of Archway. Tom Watson of Qualified Properties represented the seller, CCFHPP Interests LLC. Richard Quales, Mark Nicholas and Joseph Berwick of JLL are handling leasing.
Green Financial Group, a wealth management firm affiliated with Raymond James Financial Services, leased 5,072 square feet of office space at 1400 Post Oak Blvd. in the Four Oaks Place office complex in Uptown. Jason Whittington of NAI Partners represented the tenant. Bubba Harkins and Jenny Mueller Sealy of CBRE represented the landlord, a joint venture between Nuveen Real Estate and Allianz.
Silver Creek Realty Advisors purchased 1717 St. James Place, a six-story, 110,452-square-foot office building in the Galleria area. Marty Hogan and Kevin McConn.of JLL represented the seller, Accesso Partners, and procured the buyer. The property is 70.5 percent leased to tenants in the real estate, financial services, legal, technology, energy and medical industries.Greens Port Industrial Park, at 1755 Federal Road along the Houston Ship Channel in east Houston, is getting two new tenants. JD Fields & Co., a global supplier of steel products based in Houston, leased 133,125 square feet and ZL Chemicals, a Houston-based maker of chemicals used in the oil and gas industry, leased 50,000 square feet of industrial space. Steve Pastor of New Jersey-based NAI James E. Hanson’s Global Supply Chain, Ports & Rail Logistics Practice along with Houston-based NAI Partners’ Gray Gilbert, Chris Haro and Jack Gilbert represented the landlord in the transactions. The 735-acre, multimodal industrial park is owned by Watco, a transportation and supply chain services company with locations throughout North America and Australia. It has 208,000 square feet of space available for lease and 60 acres available for build-to-suit, land lease or outdoor storage.
The Tank Depot, a subsidiary of Grupo Rotoplas, leased 3.9 acres of stabilized land at 9740 E. Sam Houston Parkway North. The company supplies plastic storage and holding tanks, water tanks, septic tanks and related tanks for industrial use. Sky Pulford of Re/Max Signature represented the landlord, AAN Family LP. Melissa Gerber Brams of Gerber Realty represented the tenant.
Cyber One Solutions signed a multi-year lease expansion for 5,636 feet at 1100 NASA Parkway. Charles Westcott of Boxer Property negotiated the lease with Brian Carrico, CEO of Cyber One Solutions.
2407 Wilson LLC purchased a four-building, 48,000-square-foot industrial facility at 2407 Wilson Road in Humble. Tom Condon Jr. of Colliers represented the seller, R.B. Machine Works. Patrick Swint of Knightsbridge Ventures represented the buyer.KPFT, a Pacifica Foundation public radio station found at 90.1 FM in Houston, acquired a building at 4504 Caroline St. near the Museum District and Midtown for its new studio, the station’s General Manager Robert Franklin announced. Programming has been handled remotely due to both the pandemic and the sale of the longtime studio at 419 Lovett Blvd. in Montrose last year.
Raymax and Stuebner Development have acquired 19 acres at Stuebner Airline and Strack roads in northwest Houston. Jeff Lokey of NewQuest Properties represented the seller, Five Le Investments. Carl Harkrider of Hoffman Property Sales & Management represented the buyer.
Forus Properties purchased a 10,000-square-foot office/warehouse at 3113 Farrell Road. Michael Evans and Mitchell Oxman of MHW Brokerage Services represented the buyer. Erica Mesusan and Jon Spears of the National Realty Group represented the seller, Bestec Houston.
DAC Engineers leased 2,185 square feet at 16420 Park Ten Place. Ami Figg represented the landlord, Hartman Income REIT.
TEMA Oil & Gas Co. sold 12.4 acres of land at 2911 W. Parkwood Ave. in Friendswood to an undisclosed buyer. Trey Martin of NAI Partners represented the seller.