Law firm signs big lease in Galleria area
Parkway Property Investments announced more than 80,000 square feet of new leases and renewals so far this year at its Post Oak Central office campus on Post Oak Boulevard, north of the Galleria:
Brown Sims, a national litigation firm founded in Houston in 1968, will occupy two full floors spanning 35,198 square feet at Three Post Oak Central, 1990 Post Oak Blvd. Griff Bandy at Partners represented the law firm. Amanda Nebel, leasing director at Parkway, represented the landlord.
Houston-based Icon Wealth Partners, represented by Lucian Bukowski and Wyatt McCullough of CBRE, leased 8,177 square feet at Two Post Oak Central, 1980 Post Oak Blvd. Patrinely Group, a national real estate investment, development and management firm based in Houston, signed a long-term lease renewal for 10,297 square feet at Two Post Oak Central. The Consulate of Qatar signed a long-term lease renewal of 10,090 square feet in Three Post Oak Central.
The 17-acre campus, consisting of three, 24-story towers with 1.2 million square feet of office, 90,000 square feet of retail and a large central green space, was honored as the “Building of the Year” award in the Over One Million Square Feet Category by Houston BOMA (Building Owners and Managers Association).
Obagi Cosmeceuticals leased 16,470-square-feet at 9950 Woodloch Forest Tower in The Woodlands Towers at The Waterway for relocation of its headquarters from California to The Woodlands this fall. Parker Kink of Kink Commercial represented the tenant. The Howard Hughes Corp. was represented by Robert S. Parsley, Norman V. Munoz, and Jillian Fredericks with Colliers. With the deal, the 1.4 million-square-foot towers are 82 percent leased.
Kastle Assets, a Houston-based multifamily investment and management company, acquired the Bend at Oak Forest, a 392-unit apartment complex at 4000 Watonga Blvd. Jeffrey Skipworth, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney of Berkadia Houston represented the sellers, a partnership between Goldcor Capital Partners, a real estate investment corporation based in Houston and Excelsa, a real estate investment company based in Bethesda, Md.
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Houston-based Levey Group announced the first tenants at the Business Center at Five Corners, a newly completed, five-building, 550,000-square-foot project at 4610-4680 S. Sam Houston Parkway West, between Post Oak Road and Hiram Clarke, in southwest Houston. Sun Mark Stainless, a maker and distributor of stainless steel welded pipes and tubes, established its second Texas facility at the project, signing a full-building lease for 68,670 square feet. Texas Exposition Services, offering services for trade shows, conferences, corporate events and social gatherings across Texas, leased 52,000 square feet inside Building 5. LHR Services & Equipment, a distributor of personal protective equipment and monitoring systems for the energy, engineering, marine and petrochemical industries, leased 18,000 square feet, alongside Miami-based grocery wholesaler Universal-1 Imports, which leased 12,646 square feet inside Building 4. The leases, totaling 151,316 square feet, represent 28 percent of the project’s leasable space. Business Center at Five Corners is a joint-venture partnership of Levey Group and ANICO Eagle, a member of American National Group.
Lone Star Capital, a multifamily investment firm based in New York, acquired 5 Oaks, a 228-unit complex at 18203 Westfield Place. Jeffrey Skipworth, Chris Curry, Todd Marix, Chris Young, Joey Rippel and Kyle Whitney of Berkadia Houston represented the seller, Los Angeles-based Haven Realty Capital. Johnny King of Berkadia Houston arranged financing for the buyer.
USA-Vertical Rentals leased 2.5 acres of stabilized land at 22535 N, Highway 288 Business, Angleton for 5 years. The property, owned by Lucas Properties & Investments, is a former Schlumberger facility with 11,780 square feet of warehouse space. Brandon Wuntch and Drew Altmann of Fritsche Anderson Realty Partners brokered the transaction.
