Chemical maker develops Lake Jackson office
Olin Corp. is renovating a 62,500-square-foot office building in Lake Jackson to create a technology and administration center that will serve as the main building for its Texas operations. The Missouri-based chemical manufacturer will consolidate more than 200 employees from seven area offices to 604 Highway 332 when renovations are completed this summer.
Olin, which has 1,200 employees in the Freeport area, worked with the building owners to create a collaborative work environment. The building, which allows room for future growth, will have a training hall with seating for 130. Dallas based owner/developer St. Ives Realty and partner LandPlan Development are leading the construction. Houston-based Osborn & Vane Architects designed the renovations and LSI Construction is handling construction. Olin will maintain its office in the Energy Corridor.
San Antonio-based Kairoi Residential was hired by a jointventure of Argosy Real Estate Partners and InvestRes to provide property management services for Kingsland West, a 305unit apartment community at 18325 Kingsland Blvd. in the Katy area. The joint venture acquired the property, which had been damaged by Hurricane Harvey and subsequently renovated, in November 2018.
Spring Branch Independent School District purchased a 22,381-square-foot warehouse on 4.7 acres at 2425 Campbell Road, from Camnora Ltd. Brad Elmore of NewQuest Properties and John Leggett of Leggett Properties represented the seller, a partnership that includes several investors who live in Spring Branch. The site, originally planned for a townhome development, will be used for the expansion of Northbrook High School. PBK is the architect for the project, while Satterfield & Pontikes will handle construction.
Mond Properties purchased a vacant 95,170-square-foot office building at 10500 Richmond Ave. David Carter and Jeff Peltier of Colliers International assisted the seller, a commercial mortgage-backed securities (CMBS) trust represented by special servicer LNR Partners. The building, which lost Worley Parsons as its sole tenant in 2018, is on five acres at the corner of Richmond and Rogerdale in the Westchase District.
Hackbarth Delivery Service leased 49,701 square feet at 1350 Salford Drive. Harper Gully with CBRE represented the tenant. Ed Bane with Bridge Commercial Real Estate represented the landlord, Stonelake Capital Partners.
Riverstone Property Management purchased an 18,643square-foot office building at 1000 FM 1960 W. from A-K Texas Venture Capitol. David K. Meyers of NewQuest Properties represented the seller. Friedman Real Estate represented the buyer.
Othon leased 13,761 square feet at 575 N. Dairy Ashford. Gary Lawless and Dustin Cruz with Cresa represented the tenant. Steve Rocher and Kristen Rabel with CBRE represented the landlord,I-10 EC Corridor #2 LP.
Zohra and Riyaz Momin purchased a 3,380-square-foot four-plex at 415 W. Polk St. in Montrose. The buyers plan to fix up the 1930s building and rent the suites. JoJo Tharayil of Excel Realty Co. represented the buyers. Cotton Munson of Davis Commercial represented the seller, GFK Associates.
Advanced Analysis leased 7,150 square feet at Wynwood Business Park, 7245 Wynnpark Drive. Will Austin with Bridge Commercial Real Estate represented the tenant. Garret Geaccone and Boone Smith with Stream Realty Partners represented the landlord, KKR.
Associated Energy Group/ AEG Fuels, a provider of aviation fuel and services, subleased 5,630 square feet at 8686 New Trails Drive in the Woodlands. Ryan Dierker of Newcor Commercial Real Estate represented the subtenant. Angela Barber and Tim Gregory of JLL represented the sublessor, ETCL Woodland LLC.
JobSparx, an employment resources firm, renewed its 2,655square-foot office lease at 14500 Torrey Chase. Zack Wheeler with Newcor Commercial Real Estate represented the tenant. Jason Gibbons of the Finial Group represented the landlord, 14500 Torrey Chase LLC.