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According to the BISNOW alot is happening in Sugar Land:
Angie Steadman rejoined The Richland Cos. as the director of leasing and tenant representation. She previously worked at Veritas Title Partners as director of marketing. Steadman will be responsible for marking and leasing the company's 35-property portfolio and strategic third-party properties in Houston, Laredo and Corpus Christi. ***
Todd Haines was hired as the chief financial officer at Patrinely Group. He will be responsible for financial management, internal and external reporting for an investment fund, property management and development activity across the platform and will assist in asset capitalization.
JTL Logistics Inc. purchased a 12,500 SF shopping center at 10824 Kingspoint Road adjacent to Almeda Mall. The center is 100% occupied with longtime tenants of over 25 years, including Kings Kids Academy, Angels Among Us and The Repairers’ Church. Davis Commercial's Ryan Neyland represented the seller. ***
An undisclosed buyer purchased a 10-acre tract off FM 529 near Katy Hockley Cutoff Road in Katy. Lee & Associates' Reed Vestal, Taylor Schmidt and John Erck represented the buyer. Clay & Co.'s Amy Silvey represented the seller, FM 529 Cut Off Ltd. ***
CC Hollister LLC acquired a 30K SF industrial space at 3815 Hollister Road in Houston. Lee & Associates' Chase Cribbs, Robert McGee and Thomas Leger represented the seller. NAI Partners' Michael Keegan represented the buyer and leased back to seller Perma-Pier Foundation Repair. ***
Endeavor Behavioral purchased a 69K SF office building at 1155 Brittmoore Road near Beltway 8 in Houston. NAI Partners’ Jon Silberman represented the buyer. ***
ClearWorth Capital LLC purchased The Edge at City Centre, a 284-unit, garden-style apartment in Houston. The multifamily housing is at 8410 West Bartell Drive near the Texas Medical Center and was 94% occupied at closing. HFF's Chris Young, Joey Rippel and Connor Phillips represented the seller, 29th Street Capital. ***
ClearWorth Capital LLC purchased Redford Park Apartments, a Class-B multifamily asset in Conroe. Built in 1983, the 212-unit community offers one- and two-bedroom floor plans and features a tennis court, a resort-style pool and a clubhouse. NOIPM, an affiliate of ClearWorth, is the new management company. CBRE represented the seller. Berkadia's Nathan Stone arranged acquisition financing. ***
Baker Katz acquired a 34-acre tract on the northwest corner of John Martin Road and Interstate 10 East in Baytown. The firm plans to build a 12K SF site on the property to appeal to restaurant operators. Mary Dunn Real Estate Inc. represented the seller. ***
Hyvonen Properties purchased a 12K SF free-standing building on 1 acre at 8715 Golden Spike Lane in Houston. Newmark Knight Frank's Kyle Prater represented the buyer. ***
Oak Ridge Crossing L.P. purchased the last 2-acre tract in Oak Ridge Commerce Park in Houston. Southwest Realty Advisors' Marc Drumwright represented the seller, Zuna L.P. Creighton Realty Partners' Juan Sanchez represented the buyer.