Miami investor expands Houston apartment portfolio

Miami-based Elandis expanded its Houston holdings with the acquisition of Hudson & Crosby at Westchase, two apartment communities totaling 569 units at 2909 Hayes Road. Interior and exterior improvements are planned for the complexes, which were built in 1980. Elandis is a joint venture between the Libra Group and London-based M&G Investments.

Vinland Energy leased 3,535 square feet at 820 Gessner. John Zivley of NAI Partners represented the tenant. Brad MacDougall of MetroNational represented the landlord.

The Avera Cos., a Houston-based commercial real estate development, construction and investment firm, partnered with AEW to develop Champions Park, a 242,021 square foot industrial building on 14 acres on Antoine Road, just north of Beltway 8, in northwest Houston. Kelley Parker of Cushman & Wakefield is handling leasing. Completion is planned in the fourth quarter of 2022.

Realterm, a global real estate operator based in Annapolis, Md., acquired a 200,400-square-foot final mile industrial building at 3031 S. Sam Houston Parkway. The property, which is occupied by Amazon under a long-term lease, was developed by National Property Holdings in 2020. The building, on 36.6 acres near the northeast corner of Texas 288 and Beltway 8, is 13 miles from downtown Houston.

Simply Self Storage acquired a 14-property self-storage portfolio totaling 9,878 units in the Dallas and Houston markets where the company now owns 29 self-storage properties. Aaron Swerdlin and Kenneth Cox of Newmark represented the buyer. Seven of properties properties are in Houston, giving Simply Self Storage 16 properties in the Houston area.

The Woodlands Resort will join the Curio Collection by Hilton brand in January. The 402-room property was recently purchased by Los Angeles-based Lowe and is managed by its CoralTree Hospitality Group subsidiary. Numerous improvements are planned, including renovations to the rooms, a makeover of the 10,000-square-foot spa, an expanded fitness facility, revamped areas along the lake and additions and renovations to the resort’s restaurant and bar spaces.

5Rivers CRE, a Houston-based real estate investment firm focused on regional power centers across the southeastern U.S., acquired Market Street Flowood, a 263,852-square-foot center in Flowood, Miss., for $37 million. JLL Capital Markets represented the seller, Trademark Property Co.

System One Holdings leased 8,400 square feet at 6905 Brasada Drive. Andrew Littlefield and Tyler Maner of Stream Realty Partners represented the landlord, Benjamin Group.

Prestige Expeditors leased 59,825 square feet at Prologis World Houston Distribution Center 1, at 15625 Vickery Drive in north Houston. Matteson Hamilton and Jeremy Lumbreras of Stream Realty Partners represented the landlord, Prologis.

Glass Worx, a glass supplier serving the Texas region, leased 16,350 square feet of space at 5111 Milwee. Doc Perrier and Stephanie Flores of Finial Group represented the landlord, FG-Gimel TX LP.

Fort Bend Dental DDS Partners Management, a management company to Fort Bend Dental, leased 2,957 square feet at 2277 Plaza Drive in Sugar Land. Joe Bright of NAI Partners represented the tenant.

Fleetpride, a distributor of heavy-duty truck and trailer parts, renewed its 18,450-square-foot lease at America Plaza, at 14900 Hempstead Highway. Brian Gammill and Darryl Noon of Transwestern represented the landlord. Beau Kaleel of Cushman and Wakefield represented the tenant.

1906 Heights LLC purchased a 3,600-square-foot building at 1906 Heights Blvd. for a law office. Noah Kruger with Savills represented the buyer. Ryan Neyland of Davis Commercial represented the seller, Summit Path Investments.

WSP USA Buildings renewed a lease for 13,430 square feet of office space in downtown’s Esperon building at 808 Travis. Philip Giunta, Derek Myers, and Philip Price of Newmark represented the tenant.

Hyundai Heavy Industries Co renewed 3,282 square feet at 1400 Broadfield. Ami Figg represented the landlord, Hartman Income REIT.

katherine.feser@chron.com

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