Two suburban apartment projects are on the way in Tomball and Katy
Woodforest National Bank purchased the Town Center I & II office buildings, totaling more than 275,000 square feet at 1450 Lake Robbins Drive and 1330 Lake Robbins Drive in The Woodlands. The two six-story buildings are adjacent to The Woodlands Mall. Jeff Beard, managing director of SVN | J. Beard Real Estate — Greater Houston, led the team representing the buyer. Jeff Hollinden, Kevin McConn, Jack Moody and Sherri Rollins with JLL represented the seller, AFL-CIO Building Investment Trust. Woodforest National Bank remains the largest occupant in the project and has retained SVN | J. Beard Real Estate to provide leasing and property management services.
Ascendant Development ,a luxury apartment and student housing investor, developer and general contractor based in Houston, broke ground on Haven at Treeline, a 231-unit complex at 17748 N. Eldridge Parkway in Tomball. The community will offer one- and twobedroom plans ranging from 670 square feet to 1,274 square feet across seven three-story buildings. Amenities will include a resort-style saltwater pool, fitness center and yoga/ spin room, game room, clubroom and bark park. Preleasing is expected to begin in summer 2024. Ascendant has developed more than 4,500 units across the United States.
Sueba USA announced the development of San Paseo, its third multifamily project off the Grand Parkway north of Interstate 10 in the Katy area. San Paseo will have 272 apartments in a four-story midrise along with 20 two-story townhomes with attached garages. Located at 1724 Partnership Way, the complex is adjacent to Sueba’s San Tierra and San Remo apartment developments. The complex will offer studio, one-, two- and three-bedroom apartments ranging from 500 square feet to 2,100 square feet and three-bedroom townhomes with up to 2,600 square feet. Amenities will include a resortstyle pool, outdoor cabanas and grilling areas and athletic center. The property will be managed by Sueba’s Southhampton Management affiliate. Pre-leasing is expected to begin in March 2024.
In the Energy Corridor, Sueba USA has opened San Estrella, a 318-unit apartment development at 13475 Rincon Drive near the northwest corner of Eldridge Parkway and Westheimer. The units range from
480 to 2,087 square feet and contain up to three bedrooms. Amenities include a 24-hour athletic center with interactive cardio equipment, resort-style social spa, a leisure and lap pool and poolside verandas.
Colliers announced the sale of two tracts totaling 350 acres in Texas City to an undisclosed buyer for the development of a
single-family subdivision. The land, between Interstate 45 and Texas 3, has 3,400 feet of frontage on FM 2004. Harrison Kane, James Kadlick and Chris Hutcheson of Colliers brokered the sale.
Maxam Tire North America, a global specialty tire distributor, leased a 244,550square-foot building at 121 Esplanade Blvd. near George Bush Intercontinental Airport to serve the southern U.S. Jack Gaffney and William Alcorn of Finial Group represented the tenant. Richard Quarles, Joseph Berwick and Eliza Klein of JLL represented the landlord, Equus Capital Partners.
The law firm of Kahana & Feld subleased 7,700 square feet at One Greenway Plaza for its sixth location in the U.S. Lonna Jenks of JLL represented the sublessor, Waystar Technologies. Melissa Gerber Brams of Gerber Realty represented the sublessee.
Centurion Subsea Services leased a new build-to-suit 30,000-square-foot warehouse for expansion at 25310 Clay Road in the Energy Park West Business Park in Katy. Jeff Everist of CBRE represented the tenant. Mark Kidd Sr. with M Kidd Properties represented the landlord, FS Clay LLC.
Trinnium Equity Group ,a real estate investment company based in Salt Lake City, acquired Cypress Parc, a 200-unit apartment complex at 18001 Cypress Trace Road in north Houston. Chris Young, Joey Rippel, Kyle Whitney, Jeffrey Skipworth, Chris Curry and Todd Marix of Berkadia Houston represented the seller, Lionel Partners of Orem, Utah. Cutt Ableson of Berkadia arranged financing.
Cambray Healthcare leased 2,700 square feet at 1400 Broadfield Blvd. Ami Figg represented the landlord, Hartman Income REIT.