The company signs the lease for the Energy Corridor head office

AES drilling fluids, a supplier of drilling fluid systems and products across the United States, has leased 27,614 square feet at 575 N. Dairy Ashford in the West Houston Energy Corridor. The office will house the company’s head office and a state-of-the-art laboratory. Griff Bandy and Joe Bright of NAI Partners represented the tenant. Steve Rocher of CBRE represented the owner. AES Drilling is a division of Canadian Energy Services.

Wan Bridge, a developer of rental housing 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 located north of Texas 105 on Crescent Cove Drive in Montgomery, approximately 55 miles from downtown Houston. Facilities include a community park, boat dock, pavilion, benches, and walking and cycling 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.

Capital Knight purchased the Vineyards, a 369 unit apartment complex at 21550 Provincial Blvd. to 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’s Promenade District, a 169-acre development slated for apartments, a hotel and conference center, retail and public green spaces in Katy, brought in Colliers to manage the retail leasing. The project is south of Interstate 10 at Kingsland Boulevard and Prairie Parkway. Additionally, Method Architecture was asked to reimagine the retail and mixed-use site plan to maximize the views and access to the project’s 90-acre lake. Katy Boardwalk District is a public-private partnership between the Town of Katy, the Katy Development Authority, KBH Venture and Sueba USA. The Boardwalk Lofts will open this fall.

A group of private investors managed by Concierge 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, a subsidiary of Camden Securities Co. George Tesfa with Commercial Partners represented the buyer. JLL arranged a 10 year fixed rate acquisition loan with Starwood Mortgage Capital. Completed in 2002, tenants for the fully leased center include Mattress Firm, Chipotle, GameStop and Lovett Dental as tenants.

A subsidiary 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 US 90A in Missouri City as the site for a 113,346 square foot distribution center. Taylor Schmidt of Lee & Associates and Reed Vestal of Junction Commercial Real Estate negotiated the sale.

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

Manufacturing revolution 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.

Security renovated 7,169 square feet at 15995 N. Barkers Landing. Kacie Skeen and Austin Brodeur represented the owner, Hartman Income REIT.

Power temperature systems expanded its lease by 15,000 square feet to a total of 40,375 square feet at 1646 Rankin Road. Nick Peterson and John Ferruzzo of Transwestern represented the tenant.

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

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