Real estate transactions – The energy company expands its Woodlands offices

Real estate transactions – The energy company expands its Woodlands offices
Real estate transactions – The energy company expands its Woodlands offices

Community Health Choice Texas, a nonprofit managed care organization, signed a new 82,706-square-foot lease for four full floors at Loop Central I. The deal was the largest of several leases totaling 110,050 square feet at Loop Central, a three-building office space owned by Houston – based Griffin Partners in Loop 610 West, just south of Westpark Drive near the Galleria and Greenway Plaza. Doug Little, Kelli Gault, Jack Scharnberg and David Baker of Transwestern Real Estate Services represented the landlord. David Boyd of Boyd Commercial and Lucian Bukowski of CBRE represented the tenant. Loop Central underwent renovations in 2020, including an upgraded fitness center, tenant lounge, conference facilities, and more indoor and outdoor seating. The new leases lifted occupancy on the 575,000 square meter campus by 16 percent.

Abandonment of the White Fleet, a subsidiary of Arena Energy, leased an entire floor, totaling 25,810 square feet, at 2107 Research Forest Drive for the expansion of its Lake Front North offices at Hughes Landing in The Woodlands. White Fleet Abandonment was established in 2020 and is a group of companies that supplies expertise to oil and gas operators in the Gulf of Mexico. Josh Cheatham of Newcor Commercial Real Estate represented the tenant. Howard Hughes Corp., the landlord, was represented by Robert Parsley, Norman Munoz and Jillian Fredericks of Colliers.

√Čtoile Academy, a tuition-free public charter school founded by Kayleigh Colombero to support underserved communities in southwest Houston, is expanding. Lesa Nickelson French of Savills represented √Čtoile in her estate plan. The school has expanded to 53,550 square feet at 6648 Hornwood Drive and purchased a 45,000-square-foot former church property at 9754 Bissonnet for its second campus. Expected to open in August, the new campus is expected to eventually serve 800 to 900 students.

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Houston-based Midway was tapped to handle property management services for Avenue Grove, a 270-unit condo in the middle of 3815 Eastside adjacent to Levy Park. Opened in 2015, the property features a 10,000-square-foot rooftop sun deck and pool, fitness center, business center, and concierge services. Midway previously developed and managed Kirby Grove, the mixed-use district including Avenue Grove, Kirby Grove Office Tower and Levy Park, in partnership with the Upper Kirby Management District.

Midway is providing property management services for Avenue Grove, a 270-unit apartment complex overlooking Levy Park.

Midway is providing property management services for Avenue Grove, a 270-unit apartment complex overlooking Levy Park.

Shoot 2 Sell / Midway

Stream Realty Partners completed development of the Raceway Northwest Distribution Center, a 156,500-square-foot speculative industrial project at 9707 Fairbanks North Houston Road in northwest Houston. Jeremy Lumbreras and Boone Smith of Stream are overseeing leasing efforts for the building, which is located near Amazon, The Home Depot, UPS and Target. The front-loading distribution center has 36 feet of headroom, 25 dock-height doors, and 109 vehicle and 22 trailer parking spaces and provides access to the Sam Houston Tollway, Texas 249 and US 290.

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CLGS MSO Inc. purchased an 8,500-square-foot office building at 7627 W. Grand Parkway South, Richmond, from ALLE8 LMC2 LLC. Brad LyBrand, Glenn Dickerson and Ashley Strickland of NewQuest Properties represented the seller. Andy Sowell of Boyd Commercial represented the buyer.

Fidencio Macias purchased a 60,000-square-foot office building at 11947 North Freeway in Greenspoint. John Nguyen of NewQuest Properties represented the seller, Contender Two LLC. Albi Neziri of Texas Advantage Realty represented the buyer. The building is 30 percent let.

Stream Realty Partners is offering leases ranging from 70,000 square feet to nearly 156,500 square feet in its Raceway Northwest Distribution Center development at 9707 Fairbanks North Houston Road.

Stream Realty Partners is offering leases ranging from 70,000 square feet to nearly 156,500 square feet in its Raceway Northwest Distribution Center development at 9707 Fairbanks North Houston Road.

Stream Realty Partners

Coral Sea Holdco purchased a 25,000-square-foot industrial building at 1950 S. Starpoint Drive in the Central Green Business Park. Wes Cole of Rubicon Representation represented the buyer. John Hornbuckle of Cypressbrook Co. represented the owner, LuAnn Houston Properties.

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