Industrial project to take root on Weatherford Farms site
Crow Holdings Industrial purchased Weatherford Farms, a 34.3-acre property at 13223 Murphy Road in Stafford, Colliers International announced. The seller was the Jack Weatherford family, which operated a nursery on the site for more than 50 years. Crow plans to build a 568,084-square-foot, three-building industrial development on the site, which has frontage on FM1092 and Mula Road. Cory Driskill and Travis Covington of Crow represented the buyer. Barkley Peschel and Jason Scholtz of Colliers represented the seller. Colliers will handle leasing of the project, which is planned for completion in fall of 2021. Crow also developed the nearby Stafford Grove Industrial Park, consisting of three warehouses totaling 351,960 square feet, and sold it in 2018.
Barvin, a Houston-based apartment company with more than 4,000 units in Houston, San Antonio and Atlanta, started construction on its first ground-up development. The company is building a 281-unit, five-story complex at the northwest corner of Knight Road and El Paseo Street next to the Texas Medical Center. GFF is the architect and Oden Hughes is the general contractor. Opening is planned in early 2022.
Signorelli Co. broke ground on the Valley Ranch Medical District, a 100-acre mixed-use development in the company’s
1,400-acre Valley Ranch community near U.S. 59 and the Grand Parkway northeast of Houston. Signorelli plans to start construction on buildings ranging from 60,000 and 120,000 square feet and is marketing build-to-suit opportunities for physician groups and health care users.
Transwestern Real Estate Services announced the completion of Research Forest Lakeside’s Building 9, a six-story, 134,938-square-foot office building at 9707 Lakeside Blvd. in The Woodlands. Buildings 1 and 3 in Research Forest Lakeside, a development of JD Warmack
Woodlands, are undergoing redesigns. Transwestern provides leasing services.
NAI Partners has changed the name of its investment fund to Partners Capital. Led by Andrew Pappas, the NAI subsidiary has acquired more than a dozen properties since its launch in 2017. Partners Capital, which owns more than 1million square feet of office, industrial and retail space, has completed more than $125 million in transactions and is preparing to launch a fourth fund.
Apara Autism Center leased a 6,665-square-foot office in
Greenhouse Medical Plaza, at 2051 Greenhouse Road, for its second Houston area location. Maury Bronstein and John S. Wall Jr. of 1912 Ventures represented the tenant. Justin Brasell, Christian Connell, and Heinrich Cronje of Transwestern represented the landlord, VREC II – TW GMP MOB SPE.
Furniture & Beyond leased 15,115 square feet in Kroger Junction, 2619 Red Bluff Road, Pasadena. Austen Baldridge of NewQuest properties represented the landlord, 2619 Realty Holding LLC.
Nan & Company Proper
ties, the Houston affiliate of Christie’s International Real Estate, launched the Nan Properties Developer Services division to provide marketing and support for residential developers.
WSP USA Buildings expanded and extended its lease for 17,507 square feet in Esperson, 808 Travis St. in downtown Houston. Philip Giunta, Derek Myers and Philip Price of Newmark Knight Frank represented the tenant. Cameron Management represented the landlord.