This Week’s Houston Offer Sheet (May 5, 2022)

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Texas-based Buc-ee’s will open its first Colorado store on June 7 at 5201 Nugget Road in Johnstown, Colorado.

Courtesy of Buc-ee

The store will be 74K SF and employ 175 people. Additional stores are being built in Tennessee, and the company is planning more for Mississippi and Missouri as it expands its reach south and west.

“We have chosen a great partner in the Johnstown community for our first store in Colorado,” Buc-ee’s director of real estate Stan Beard said in a statement. “At the base of the beautiful Northern Front Range, this Buc-ee will introduce all manner of cyclists, hikers, skiers and campers to the cleanest washrooms, friendliest staff and freshest food they will ever find on a camping trip. ‘a road trip.’

PEOPLE

Partners Real Estate has promoted Chris Haro and Joshua Lass-Sughrue as partners.

Haro, previously a senior vice president, worked on industrial transactions in Houston, including as a member of the TGS Cedar Port leasing team. Lass-Sughrue has worked with Partners since 2010, negotiating recent deals across Houston in retail and industrial.

SALES

Urban Palms at 8701 Town Park Drive in Chinatown sold to California fund management group. The multi-family property has 659 units and was built in 1979.

Northmarq partner Justin Chambers and Scott Lamontagne arranged the sale; Northmarq represented both buyer and seller.

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Westmount Realty Capital has sold Westmount to Summer Cove, a Class B multi-family development. It was built in 1983 and has 376 units.

Westmount owned the property at 725 FM 1959 for seven years, and renovated and rebranded it.

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TruAmerica Multifamily has purchased villas at West Road in Northwest Houston.

The multi-family property has 240 units and was completed in 2006. TruAmerica plans to upgrade the units with new kitchen details, including appliances, floors, cabinets and other fixtures.

This is the company’s third purchase in the Houston area.

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Pepco Sales has purchased a 44.5K SF facility at 13939 Fallbrook Drive. Tyler Maner and Heath Donica of Stream Realty represented Pepco.

LEASES

Cash distribution company Loomis has leased 31K SF to Prologis Park Beltway Antoine 7.

Kevin Block, Kevin Erck and Jeff Venghaus of JLL represented Loomis. CBRE’s Nathan Wynne and Jason Dillee represented the owner.

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Stream Realty Partners announced several leases:

  • Swift + Co. leased 59K SF from Prologis Post Oak at 1297 North Post Oak Road. William Carpenter and Boone Smith of Stream Realty represented the owner.
  • OKT Lighting USA has leased nearly 18,000 square feet at the Century Oaks Business Center at 10641 South Sam Houston Parkway West. Tyler Maner and Cristina Sigarrostegui of Stream Realty represented the tenant.
  • V-Lumber has leased 49K SF from Market Street Logistics at 13939 Fallbrook Drive. Jeremy Lumbreras and Garret Geaccone of Stream Realty represented owner CenterPoint Properties.
  • Cinch Kit leased 70K SF from Prologis Rampart at 7350 Langfield Road. Jeremy Lumbreras and Boone Smith represented owner Prologis.
  • Coban Technologies has leased 41K SF at Waypoint Business Park at 9411 South Sam Houston Parkway West. Matteson Hamilton and Woody Hillyer of Stream Realty represented owner 4M Investments and Clarion Partners.

CONSTRUCTION AND DEVELOPMENT

Jackson-Shaw will develop Northeast Crossing, an industrial park, on the northeast corner of Wallisville Road and Shadrack Street. It should be completed in 2023.

The 27-acre facility will have a 424K SF building. Diamond Realty Investments is the financing partner, Rosenberger Construction is the general contractor, Powers Brown is the architect, Kimley-Horn is the civil engineering company and Comerica is the lender. CBRE’s Jason Dillee and Nathan Wynne are leasing the property.

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