• Tue. Jul 27th, 2021

DC Partners lands tenants in San Felipe project

DC Partners broke ground on 4411 San Felipe after securing leases for 60 percent of the building. SIBS International leased the sixth floor, totaling 26,033 square feet, for relocation of its corporate offices, while Advancial Federal Credit Union will open its first location inside Loop 610 in 4,000 square feet of retail space. DC Partners will relocate its headquarters to a full floor in the building, which contains 77,189 square feet of office space and 16,796 square feet of retail and restaurant space. GT Leach is the general contractor, Colliers International handles leasing and 3650 REIT provided financing.

JLL has been tapped by Skanska USA Commercial Development to provide services for its 1550 on the Green office development. The 28-story tower at 1550 Lamar St., to be anchored by law firm Norton Rose Fulbright, is the first component of the Discovery West mixed-use development in downtown. JLL will provide consulting services during the design and construction phase and property management services upon the building’s completion in 2024. JLL Managing Director Connie O’Murray will lead the efforts.

Cushman & Wakefield has been hired by Medistar Corp. to handle leasing for Horizon Tower, a 485,000-square-foot life sciences building under construction at Texas A&M Innovation Plaza by the Texas Medical Center. The Cushman & Wakefield leasing team of Tim Relyea, William Hartman, Morgan Colt, Michael Baraldi and James Gale will target life sciences and medical device/technology companies. The tower, part of a five-acre campus at Holcombe Boulevard and Main Street, is slated for completion early 2023.

Ring Energy, an oil and gas company with operations Texas and New Mexico, subleased 16,000 square feet at 1725 Hughes Landing Blvd. in The Woodlands for relocation of its headquarters from Midland. Charlie Neuhaus and Harry Holmes of NAI Partners represented the tenant. Jerrod McQuain of JLL represented the sublandlord.

RealtyLink, based in Greenville, S.C, plans to develop a 272,000-square-foot cold storage facility at TGS Cedar Port Industrial Park in Baytown. The development, on 27 acres near the Grand Parkway and Cedar Port Parkway, is expandable to 540,000 square feet. David Boyd of Boyd Commercial represented RealtyLink in the land purchase from TGS. Boyd Commercial is handling leasing. RealtyLink is developing other cold storage buildings in Charleston, S.C., Wilmington, N.C. and Mobile, Ala.

Amazon Logistics plans to open a 180,000-square-foot delivery station at 4975 Gulf Freeway in La Marque in late 2021. Duke Realty will develop the facility for Amazon as the tenant, according to Amazon. It will be the first Amazon delivery station in Galveston County and ninth in greater Houston.

Empire Continental Land, the U.S. land division for Toronto-based Empire Communities, purchased 221 acres along FM 1488 and Iron Ore Road in Magnolia for a development with more than 700 homes. Jeff Lokey of NewQuest Properties represented the sellers, Hydie McAllister and Kareem Gamal of MAG Partners LLC. Home building will begin in 2022.

Concourse Development is developing 154 acres in Angleton for the Windrose Green community. CastleRock Communities and K. Hovnanian Homes will build 660 homes on 40- and 50-foot lots in the first phase. The project is on Highway 35 Bypass, east of Texas 288 adjacent to Angleton High School.