Houston CRE Deal Activity – June 3

Recent Houston CRE Transactions

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Office Market Momentum

• 17,000 SF Lease at Norton Rose Fulbright Tower
  Skanska signed a 17,000 SF lease to an undisclosed global investment manager at 1550 Lamar St, one of downtown’s premier office towers—evidence of continued flight-to-quality.

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Industrial Growth

• 30,800 SF Industrial Building Sold
  DSMTX LLC acquired an industrial asset at 14041 West Road, highlighting ongoing demand in Houston’s logistics and distribution corridors. Keith Edwards and Jake Galloway of Caldwell Brokerage represented the seller, Ortega Realty Investments, LLC.

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Retail Investment & Leasing Activity

• Spencer Square & Broadway Shopping Centers Sold
  Brixmor Property Group sold two major retail centers totaling over 256,000 SF in Pasadena and Houston—signaling continued demand for stabilized retail assets. Spencer Square, a 181,888-square-foot shopping center located at 5510 Spencer Hwy in Pasadena; and Broadway, a 74,988-square-foot shopping center located at 8201 Broadway Street in Houston, Texas. The buyer was undisclosed.
• Dick’s Sporting Goods Expands in Tomball
  A 60,425 SF lease at The Grand at 249 underscores strong retail tenant demand in high-growth suburban corridors. Lindsey McKean and Matt Reed of the SHOP Cos. represented the tenant and Andrew Alvis and David Meyers of NewQuest represented the landlord.
• University Commons Acquired (Sugar Land)
  11North Partners purchased this grocery-anchored center, located at 13550 University Blvd., as part of a $300M multi-state portfolio acquisition—a major institutional vote of confidence in Texas retail.

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Multifamily Investment

• 40-Story River Oaks Tower Sold
  Sade Real Estate acquired the luxury high-rise at 2929 Weslayan, reinforcing investor appetite for high-end multifamily in core submarkets.

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