Building materials company moves headquarters to Memorial City

Weatherford Business Park, a Crow Holdings Industrial development at 13203 Murphy Road in Stafford, is fully leased by five tenants occupying a total of 568,084 square feet, according to Colliers International. The park consists of three buildings on 34 acres with frontage on both FM 1092 and Mula Road. United Statesrepresented by Scott Visin of Cushman & Wakefield, leased Building 1 of 100,153 square feet. Building 2 has recently been let by three tenants. Holiday Logistics/Christmas Kingrepresented by Clay Pritchett of NAI Partners, leased 88,721 square feet. Chadwell Supply Texasrepresented by Reed Parker of Lee & Associates, leased 144,682 square feet. Disaka, represented by Terry Nehls of Fincher Cos., leased 77,802 square feet. Last year, Chempak, represented by Anthony Squillante and Drew Coupe of Avison Young, signed a 10-year lease for 156,726 square feet in Building 3. Barkley Peschel, Walter Menuet and Jason Scholtz of Colliers represented the landlord, Weatherford Farms DC, in the deals, with Crow’s Cory Driskill and Emily Walker. The property is part of the 29.6 million square foot Highway 59/Highway 90 industrial submarket, which is 93% occupied, according to Colliers.

Based in Dallas Capital of the Mass of the Winds acquired a portfolio of 1,134 apartments at three Houston properties: Sedona Square, a 250-unit complex at 11715 S. Glen; Verano, a 312-unit complex at 2800 S. Dairy Ashford; and Rock Creek at Hollow Tree, a 572-unit complex at 200 Hollow Tree Lane. The seller was Lubbock-based Madera Residential. The company’s Indio Management subsidiary will manage the portfolio. Newmark Houston’s Matt Saunders brokered the sale. James Currell, Joel Heikenfeld and Emily Balazik of Northmarq’s debt/equity team in Dallas arranged the financing. Renovations are planned for the complexes, which were built in the 1980s.

Quanex Building Products Corp. signed a 16,545 square foot lease at 945 Bunker Hill Road in Memorial City for the relocation of its corporate headquarters. Brad MacDougall and Warren Alexander represented the owner, Houston-based MetroNational. Andy Iversen, John Luck and Kaitlyn Duffie of Newmark represented the tenant. Quanex, a manufacturer of window and door components, kitchen and bathroom cabinet components and other products with operations in the United States, United Kingdom and Germany, will relocate in September 2023. The building features free shuttle service and interconnecting walkways to restaurants and retail.

The Federal Emergency Management Agency signed a long-term lease of 17,167 square feet at 616 FM 1960 north of Houston. The top floor of the eight-story building will house the Houston-based US government agency’s 75 field inspectors and management team. The building is operated by Hartman Income REIT Management and owned by one of its affiliates. Thomas Emde of Hartman represented the owner.

SOCAR Trading North America, the international marketing and development arm of the State Oil Company of the Republic of Azerbaijan, has leased 6,542 square feet at 1801 Post Oak. John Zivley of NAI Partners represented the tenant. CBRE’s Nina Seyyedin and Kristen Rabel represented the owner, Post Oak Row LLC.

Brookeast Capital purchased Vineyard Trace Apartments, a 238-unit complex at 15414 Kuykendahl in northwest Houston. Bob Heard, Chip Nash and Jaleel Adatia of Colliers represented the seller, Windmill Investments. Set on 8.5 acres, the property offers a mix of one, two and three bedroom apartments. The property is in the Willowbrook/Champions/Ella apartment submarket, which has average rents of $1,107 and an occupancy rate of 92.8%.

H Greg Investment of California LLC purchased an 82,500 square foot former car dealership on 7.7 acres at 6737 Southwest Freeway. Chase Cribbs and Justin Tunnell of Lee & Associates – Houston, and Nathan Denton of Lee & Associates – DFW, represented the buyer.

Excel properties completed the sale of Bend at Oak Forest, a 392-unit apartment complex located at 4000 Watonga Blvd. Excelsa US Real Estate I acquired the property in a joint venture with GoldCor Capital Partners in 2019. The sellers completed the renovation and rebranding of the 1972 property and renovated 57 units.

Nickson Spell Road Industrial bought 2.8 acres on the northwest corner of Spell Circle and Spell Road, near the intersection of Hufsmith-Kohrville Road and Holderrieth Road in Tomball. Clint Hankla of Lee & Associates – Houston represented the seller, PDGL Partners.

Western Wealth Capital Communities distributed backpacks full of school supplies to nearly 500 children in its eight Houston-area communities. The company has organized $200,000 in school supply donations in communities nationwide since 2016.

[email protected]

Comments are closed.