New downtown innovation hub adds resident partner
Impact Hub Houston is joining Downtown Launchpad, a 17,000-square-foot innovation space opening at Amegy on Main, 1801 Main St., in September, as a resident partner along with accelerators MassChallenge and gener8tor. The 10-year lease was announced by Central Houston and the Downtown Redevelopment Authority, which teamed with The Cannon on developing Downtown Launchpad. Impact Hub Houston was founded in 2018 to inspire, connect and empower entrepreneurs working to solve social problems. A member of a global organization with more than 100 locations, the nonprofit incubator provides entrepreneurial programs, startup workshops and networking for members, other Launchpad tenants and Houston’s startup community.
Decode, a Houston advertising agency, leased a 13,006square-foot office at M-K-T in The Heights, a redevelopment of industrial buildings at 600 N. Shepherd Drive. Russell Hodges, Bubba Harkins and Jenny Mueller of JLL represented the landlord, a joint venture of Triten Real Estate Partners, Radom Capital and Long Wharf Capital. Joe Rambin with Cushman & Wakefield represented the tenant. Loe Ortega Architecture is working with Decode on the design of its space.
BSR Real Estate Investment Trust acquired the 370-unit Broadstone Park West apartments at 2219 Greenhouse Road in west Houston from Starlight Investments for $51 million. The complex was built in 2014. BSR, which has offices in Toronto and Little Rock, Ark., owns 2,332 units across nine properties in the Houston market.
Satya purchased 2.86 acres at 10327 Terminus San Luis Pass Road adjacent to the Diamond Beach Resort on the West End of Galveston’s Seawall from IBC Bank for future development. The land is in a resort/recreation district zoned for hotel, condo or other high density developments. The development, which is in the planning stages, could break ground in two to three years, according to Satya.
Trecap Management purchased two warehouses totaling 31,750 square feet at 12400 and 12402 Taylor Road in northwest Houston. Barrett Gibson and Jason Tangen of Colliers International advised both the seller, H&B Development and Construction, and the buyer. The buildings are fully leased to SRS Distribution.
Sterling Construction renewed its 12,340 square foot headquarters lease at One Hughes Landing in The Woodlands. Rob Banzhaf and Ryan Dierker with Newcor Commercial Real Estate represented the tenant. Norm Munoz, Bob Parsley, Jillian Fredericks and Connor Duffy with Colliers International represented the landlord, Howard Hughes Corp.
Overhead Door Corp. leased 18,285 square feet at Wallisville Industrial Park, 9135 Wallisville Road. Jim Autenreith and Sam Rayburn of Moody Rambin represented the landlord.
Steadfast Cos. obtained a $54.8 million loan to refinance the 1,326-unit Nob Hill Apartments at 5410 N. Braeswood in southwest Houston. Matt Greer of Newmark Knight Frank in Austin led the Freddie Mac refinancing. The complex was completed in 1967.
Smile Squad of Houston leased 13,553 square feet at 3800 N. Shepherd for 11 years. Kat Morrison represented the landlord, Hartman Income REIT.
Business Integrator Services renewed a 2,114-square-foot industrial lease at 17449-17497 Village Green Drive. John Buckley and Chase Tucker with Finial Group represented the tenant.
McDonald’s and Express Oil Change signed ground leases for nearly 1-acre each in NewQuest Properties’ Grand at Aliana development at the Grand Parkway and West Airport Boulevard in Richmond. Josh Friedlander and David Meyers represented the landlord, NewQuest Properties. Greg Slusky of Sluco Realty Services represented Express.
RDA Pro Mart, a wholesale and retail beauty supply company, leased 2,568 square feet in The Crossing at 288, a center at Texas 288 and FM 518 in Pearland. James Namken, Kyle Knight and Walker Kane with Weitzman represented the landlord.
Sally Beauty Holdings leased 7,613 square feet at 3040 FM 1960 East. Patrick Keegan and Jason Gaines of NAI Partners represented the landlord, Shomer III.
The Teahouse leased 1,498 square feet in the Center at Pearland Parkway, at 2470 Pearland Parkway in Pearland. Wes Miller of Wulfe & Co. represented the tenant.
Dalfen Industrial will partner with Goldman Sachs Merchant Banking Division on a 46-property industrial portfolio encompassing distribution and fulfillment space in 14 markets including Houston and Dallas.