Houston’s real estate market continues to evolve dynamically with recent transactions highlighting both acquisitions and leasing activities across various sectors.
US Property Management, based in Houston, has acquired a significant asset: a vacant 225,000 SF office building located at 4646 W. Sam Houston Parkway N. This property, previously occupied by Schlumberger and its subsidiary, Cameron, since its completion in 2001, became available following Schlumberger’s departure in November.
The nine-story building was sold without tenants. The seller was represented by a transaction team from JLL Capital Markets, led by Marty Hogan and Kevin McConn.
In the leasing landscape, Jon Dutton and Andrew Elliott, both with extensive backgrounds as in-house office leasing brokers for Granite Properties, have joined JLL’s Houston office agency leasing team. Dutton, now serving as an executive vice president, brings over 20 years of experience, with prior roles in asset management and financial analysis, nearly seven of which were spent on Granite’s in-house office leasing team.
Elliott resumes his role at JLL as a vice president after a stint of nearly three years with the firm, having also spent four years at Granite.
On the sales front, Fifth Corner, a Houston-based real estate investment firm focused on urban retail and mixed-use properties, has purchased a redevelopment site in Rice Village from The Appelt Co. This 2-acre site, located with three addresses—2400 Times Blvd., 2400 Rice Blvd., and 2444 Times Blvd.—represents one of the largest contiguous properties in the area.
The property boasts 29,000 SF of office space alongside 38,000 SF of retail space and includes rooftop parking. The new owner intends to invest significantly in upgrading the center to attract new tenants.
Triten Real Estate Partners also made a notable acquisition, securing an infill industrial asset located at 1811 Brittmoore Road in Northwest Houston. The fully leased building encompasses 140,000 SF.
According to partner Will Hedges, opportunities like this are challenging to replicate given current land prices, particularly in such a strategically significant location. The seller was represented by Stephen Bailey and Dom Espinosa of Newmark.
Additionally, Dallas-based Apricus Realty Capital, in conjunction with ABR Capital Partners, has acquired a 9-acre industrial outdoor storage property at 493 W. Brentwood St. in Channelview. The facility, which serves GFL Plant Services LP, includes about 50,000 SF of specialized industrial improvements.
This acquisition was led by Garrett Marler and Cort Martin from Apricus.
A transaction also unfolded in Northwest Houston where a Houston-based investor sold a 22,000 SF industrial building located at 617 Leago St., near North Shepherd Drive and I-45. The seller was represented by Texas CRES, while the buyer was represented by Jared Pinto from Newman Kelly Real Estate.
The property is fully leased, and the new owners have plans to enhance its appearance by painting the exterior, repairing the parking lot, and upgrading exterior lighting.
CrownPoint Partners played a role in a $27.2 million off-market sale-leaseback transaction concerning a five-property gas station portfolio in Texas. Julius Swolsky and Don Bingham III from CrownPoint represented both the buyer and the seller.
This transaction was finalized with a Delaware-based private investment group making an all-cash purchase, managed through Newmark Title Services in Houston.
In another notable acquisition, a partnership between Sagard Real Estate and the Ontario Teachers’ Pension Plan has secured a 163,000 SF industrial facility in Pasadena. The property, known as the 225 Crossing Logistics Center, was constructed in 2024 at 310 Beltway Green Blvd.
In leasing activities, W.O.L.F. Fitness has signed a lease for 20,000 SF at Louetta Plaza West, located at 6370 Louetta Road in Spring. Eric Broussard and Davis Paone of Resolut RE represented the tenant in this transaction.
Moreover, Partners Real Estate facilitated a 51,000 SF industrial manufacturing lease at 6410 Langfield Road, Building F, in Houston. The landlord was represented by Travis Land and Braedon Emde from Partners, while the tenant was represented by Gary Lawless and Kyle Willard from Cresa.
Turning to construction and development, The Signorelli Co. and East Montgomery County Improvement District have commenced vertical construction on a 210,000 SF convention center within the Valley Ranch Entertainment District in New Caney. The project reached significant milestones in August with the initial installation of tiltwall panels for key areas.
Structural steel work is currently underway for administrative offices, kitchen, and maintenance/storage areas on the northern side of the facility, while excavation for an adjacent 813-space parking garage is in progress.
The convention center is set to open in late 2026, featuring a 55,000 SF ballroom/exhibit hall, nearly 20,000 SF of meeting space, and additional areas designed as prefunction and lobby spaces, complemented by outdoor courtyards.
In the hospitality sector, the Courtyard Houston City Place and Residence Inn Houston City Place have unveiled the results of a multimillion-dollar renovation, refreshing their interiors. These sister hotels, which opened in 2016 and 2015, respectively, anchor a burgeoning hospitality landscape in City Place, a master-planned development spanning 2,000 acres just south of The Woodlands.
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