Real estate transactions: Company inks Energy Corridor headquarters lease

AES Drilling Fluids, a provider of drilling fluids systems and products across the U.S., leased 27,614 square feet at 575 N. Dairy Ashford in west Houston’s Energy Corridor. The office will house the company’s headquarters and a state-of-the-art laboratory. Griff Bandy and Joe Bright of NAI Partners represented the tenant. Steve Rocher of CBRE represented the landlord. AES Drilling is a division of Canadian Energy Services.

Wan Bridge, a developer of rental home communities in Dallas and Houston, unveiled Lakeside Conroe, the company’s first waterfront development. The community is planned for 169 single-family homes and 140 duplexes ranging from 1,979 to 2,426 square feet. It is north of Texas 105 on Crescent Cove Drive in Montgomery, about 55 miles from downtown Houston. Amenities include a community park, boat dock, pavilion, benches and walking and biking trails.

Invesco Real Estate Income Trust announced the acquisition of a 66,981-square-foot self-storage property at 300 S. Loop East. Built in 2002, the 609-unit property is 96.4 percent leased.

Knightvest Capital purchased the Vineyards, a 369-unit apartment complex at 21550 Provincial Blvd. in Katy. The garden-style property was built in 2003. Scott Bray, Ryan Epstein and Jennifer Ray of Walker & Dunlop represented the seller, Preferred Apartment Communities.

Katy Boardwalk District, a 169-acre development planned for apartments, a hotel and conference center, retail and public green spaces in Katy, has tapped Colliers to manage retail leasing. The project is south of Interstate 10 at Kingsland Boulevard and Prairie Parkway. Additionally, Method Architecture was brought on to re-imagine the retail and mixed-use site plan to maximize views and access to the project’s 90-acre lake. Katy Boardwalk District is a private-public partnership between the city of Katy, the Katy Development Authority, KBH Venture and Sueba USA. The Boardwalk Lofts will open this fall.

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A private investor group managed by Concierge Management and led by Akbarali Momin purchased the 49,600-square-foot Fairway Retail Center at 5575-5769 Fairmont Parkway in Pasadena. Rusty Tamlyn, Ryan West and Bryan Strode of JLL represented the seller, an affiliate of Camden Securities Co. George Tesfa with Commercial Partners represented the buyer. JLL arranged a 10-year, fixed-rate acquisition loan from Starwood Mortgage Capital. Completed in 2002, tenants at the fully-leased center include Mattress Firm, Chipotle, GameStop and Lovett Dental as tenants.

An affiliate of Stratiq Capital purchased 1113 Vine St., a 99,000-square-foot building originally known as the Union Transfer and Storage Building near downtown. A. David Schwarz III and Carlos P. Bujosa of Transwestern represented the seller, Lee Roy Murray III. Rick Walker with CXRE represented the buyer, , 1113 Vine Street Holdings.

Ft Bend LC purchased 7.5 acres at 16505 U.S. 90A in Missouri City as the site of a 113,346 square-foot distribution center. Taylor Schmidt of Lee & Associates and Reed Vestal of Junction Commercial Real Estate brokered the sale.

City Balloons Distribution leased 4,200 square feet of warehouse space at 16721 Hollister St. from RASC Investments. George Montes of Cypressbrook Co. was the broker.

Revolution Manufacturing purchased a 19,320-square-foot building at 8525 W. Monroe. Darren O’Conor of NAI Partners represented the seller, ASR Realty. Judy Kay of RockCenter Realty represented the buyer.

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Securranty renewed 7,169 square feet at 15995 N. Barkers Landing. Kacie Skeen and Austin Brodeur represented the landlord, Hartman Income REIT.

Power Temp Systems expanded its lease by 15,000 square feet for a total of 40,375 square feet at 1646 Rankin Road. Transwestern’s Nick Peterson and John Ferruzzo represented the tenant.

HRTCS leased 2,181 square feet at 1880 S. Dairy Ashford. Kacie Skeen and Austin Brodeur represented the landlord, Hartman Income REIT.

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