Based in Houston Gulf South Pipeline Co. signed a 12-year lease renewal for the lease of its 98,616 square foot corporate headquarters at Nine Greenway Plaza. The company, part of Boardwalk Pipeline Partners, has been a tenant of the 31-story tower since 2006. Christopher Oliver and David Guion of Cushman & Wakefield of Texas represented the tenant. JP Hutcheson and Rima Soroka negotiated on behalf of the owner, Parkway Property Investments. The 52-acre Greenway Plaza campus offers amenities such as a 150,000 square foot Life Time Diamond Club fitness center, daycare, common areas with events and programs, and restaurants and cafes, including Feges BBQ, Tony’s, Fusion Eats and Greenway Cafe.
the Mission Cos., a Houston-based real estate company founded by Dennis W. Nelson, has purchased three multi-tenant office buildings totaling 222,000 square feet in southeast Houston. The buildings consist of 2100 Space Park Drive, 2200 Space Park Drive and 2200 NASA Road One and are 85% leased. Featherwood Capital represented the seller. Brandon Farine and Jeff Oetting of Featherwood Capital will continue to provide rental services. The acquisition brings Mission’s office portfolio in Southeast Houston to half a million square feet, including 12301 Kurland Drive and 12600 N. Featherwood Drive.
The Ion, Rice University’s 266,000 square foot innovation center at 4201 Main, announced a Houston-based nonprofit TXRX Laboratories as operator of the Ion Prototyping Lab. The 6,500 square foot space, designed by architectural firm Gensler, provides a centralized hub for startups, entrepreneurs, corporations and researchers from all industries with access to equipment and technical support to put to scale ideas or develop models of a product. The TXRX-powered ion prototyping lab includes prototyping and small-batch manufacturing tools, such as laser cutters, CNC mills and lathes, electronic assembly equipment, and 3D printers.
Coffman Engineers, a multidisciplinary engineering firm with 18 locations across the United States, has opened a Houston office at 21 Waterway Ave, Suite 300, The Woodlands. The office, locally led by Mike Crowley, Senior Advisor, will support clients in the Industrial, Oil & Gas, Healthcare, Federal Government/Military, Higher Education, Hospitality and energy.
Gulf Intermodal Services, a division of IMC Cos. providing container drayage and logistics services to the Gulf Coast region, purchased a 33-acre terminal at 10043 Wallisville Road from Empire Land Corp. The terminal, located three miles from the Union Pacific Railroad and 13 miles from the BNSF Railroad, has storage for up to 1,400 ground containers and an additional 500 skid-mounted containers. Gulf Intermodal Services has leased the terminal since acquiring Empire Truck Lines in March.
Flow real estate partners, a Dallas-based national real estate services, development and investment firm, has expanded its national platform by launching an Industrial Capital Markets division. Matteson Hamilton in Houston and Seth Koschak in Dallas-Fort Worth will lead the effort as executive general managers and partners in Texas. The division provides services such as investment sale and acquisition, equity and fund placement, debt placement, market data and trend analysis.
In the second trimester, Flow real estate partners plans to open the Raceway NW Distribution Center, a 156,000 square foot industrial building at 9707 Fairbanks North Houston Road at Derrington Road. Stream will develop, lease and manage the project. The building, near the Sam Houston Tollway and Texas 249, will have 36 feet of clear height, 109 vehicle parking spaces and 22 trailer parking spaces and office space. The project is being developed on a speculative basis to meet growing demand in Houston’s northwest submarket, where the vacancy rate for spaces over 50,000 square feet is 1.1%, according to Stream. . Jeremy Lumbreras and Boone Smith will oversee the rental.
An entity sponsored by Pisula Development Co. of The Woodlands has purchased the 18,730 square foot medical office building located at 5040 Crenshaw Road in Pasadena from Preston Medical Realty. Cary Latham and Wyatt Huff of NAI Partners brokered the sale.
Based in Dallas ATCAP Partners, through a new joint venture with global real estate firm Brookfield’s Real Estate Secondaries, acquired a 3.5 million square foot logistics portfolio comprising 51 properties in high-growth markets such as Dallas, Denver, Austin, Houston and Oklahoma City. The agreement brings ATCAP’s national logistics portfolio to over 9.5 million square feet. Eastdil Secured represented ATCAP in the transaction.
Amergy Bank of Texas renewed 9,232 square feet at 400 N. Sam Houston Parkway East. Thomas Emde represented the owner, Hartman Income REIT.
katherine.feser@chron.com
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