Engineering firm moves to Greenway Plaza

RS&H, an employee-owned architectural, engineering and consulting services firm, will relocate its Houston office to Greenway Plaza from west Houston later this year. The company signed a long-term lease for 9,850 square feet in the Phoenix Tower at 3200 Southwest Freeway. Sara Fredericks and Kristian Nielsen of Newmark represented the tenant. Amanda Nebel, Director of Leasing for Parkway Property Investments, represented Parkway. Rental momentum has accelerated at Phoenix Tower since the completion of the garage expansion and hookup to the HUB, the Greenway Plaza restaurant and retail complex, according to Parkway. In an announcement, Houston office manager and RS&H vice president Don Glenn said the Greenway Plaza building provides “the best transportation experience for our employees, as well as the most amenities with its many restaurants, multiple fitness centers and meeting spaces, and even on-site. child care. »

Strike construction, an engineering and construction company, signed a 43,230 square foot office lease at Wildwood Corporate Center I, 460 Wildwood Forest Drive in the spring. Jon Silberman and Pierce Beyer of NAI Partners represented the tenant. CBRE’s Steve Rocher and Jason Presley represented the owner.

Based in Atlanta Preferred apartment communities has reached an agreement to be acquired by New York-based Blackstone Real Estate Income Trust in a $5.8 billion transaction. The purchase includes 44 multi-family communities, 54 retail assets anchored by a grocery store and two office buildings. Houston’s assets consist of 240 Avenues at Cypress, 280 Avenues at Northpointe at Tomball; 383,346 square foot Champions Village shopping center; 103,397 square foot Kingwood Glen shopping center in Houston. The transaction is expected to close in the second quarter.

Global Estimating Services rented 5,200 square feet at 25,000 Pitkin Road in the spring. Ryan Hartsell of Oxford CRES represented the owner. Cotton Munson of Davis Commercial represented the tenant.

Bodka Creek Capital a Houston-based private equity firm founded by Allyson Pritchett, has acquired Valencia Grove Apartments, a 460-unit complex at 11810 Algonquin Drive in southeast Houston. Investment partners include RTC Global Investments, Value Investment Partners, Trinity Investors, Impex Capital Group and Melifera Partners. Planned renovations include adding a playground and walking path, updating the swimming pool, improving the property’s building systems, and renovating the interiors of the units.

Based in Houston Signorelli Co. announced plans to develop Bluestem, a 365-acre community designed for 1,300 single-family homes in Waller County. The company expects to innovate in the second quarter. Pupils will attend schools in the Royal Independent School District.

Scarlet, a Houston real estate development company founded by Daniel Ron and Alexander Ron, opened Frame Almeda Genoa, a 216-unit multifamily complex located at 2620 Almeda Genoa Road near Texas 288 in the City Park neighborhood. The $32 million project is being developed in conjunction with Urban Meridian Group, Houston real estate investor Avishai Ron. E Studio Group is the architect.

League City Pain and Wellbeing signed a 5,582 square foot medical practice lease in Two Harbor Square at 3033 Marina Bay Drive in League City. Jason Gaines and Andrew Leibman of NAI Partners represented the owner, LH Harbor Square. Elena Bakina of Colliers International represented the tenant.

Amazing Spaces Storage Centers opened a self-storage facility at 3120 Southwest Freeway near Buffalo Speedway for its sixth location in the area.

Herin family investments, through its Three Diamond Capital Holdings Fund I, made five acquisitions in the fourth quarter. Finial Group participated in the transaction. The deals included the Vantage Parkway Business Park, a 190,214 square foot property located at 15331-15342 Vantage Parkway purchased from Soundstar Properties; and Horsepen Creek Business Park, a 46,800 square foot property at 14323-14423 FM 529 purchased from H&B Development & Construction.

Castlerock Communities, a homebuilder operating in the Houston, San Antonio, Austin and Dallas markets, has extended its lease at 2401 Fountain View. Chase Tucker and John Buckley of Finial Group represented the owner.