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5,650 SF in 3 Buildings on 13.95 Acres Available for lease | Pearland Manufacturing Complex 

MARK WIMBERLY of HOUSTON COMMERCIAL DEVELOPMENT
on behalf of
SOMERS / KEMPH, INC.
is pleased to announce the sale of a 55,600 S.F. Manufacturing Complex
on 13.85 Acres located in Pearland, Texas
at 5220 Shank Roadbeing sold to
KWIK-PITTS PROPERTIES, LLC
for a trailer manufacturing facility sold on
January 24, 2017 Cooperating Broker:
Gregg Barra of Boyd Commercial
representing the buyer
1525 Lakeville Drive, Suite 232 ! Kingwood, Texas 77339
Phone: 713.609.9200 ! www.houstoncomdev.com

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Houston real estate co. closes on Midtown site where it plans to build a tower

Houston-based PM Realty Group has closed on its purchase of a site in Midtown, as expected, the Houston Chronicle reports.

The Midtown Redevelopment Authority put 3300 Main — a former city of Houston code-enforcement building — on the market in March 2014, and news broke in November 2014 that PMRG was under contract to buy the 1.16-acre site. A demolition permit for the site was filed in August, and PMRG was expected to close on the sale at the end of the year, the Chronicle reported at the time.

Click to read more at Houston Business Journal.

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New southwest Houston industrial park signs first tenant

A new industrial park in Missouri City has landed its first tenant.

Tire Universe leased 42,430 square feet — including 1,400 square feet for office space — at Gateway Southwest Industrial Park. The tire distributor, which has three existing locations in northwest Houston, Dallas and California, will occupy about one-third of the park’s first building.

Click to read more at Houston Business Journal.

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Houston blank check co. to take logistics co. public in $626M deal

Houston’s Hennessy Capital Acquisition Corp. II (Nasdaq: HCAC, HCACU, HCACW), a so-called “blank check company,” will acquire Addison, Texas-based logistics company Daseke Inc. The deal comes a few months after Hennessy and another company called off a similar deal.

Click to read more at Houston Business Journal.

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Midway unveils plans for Washington Ave. development featuring H-E-B

Two years after a prime piece of property along Washington Avenue near the Heights traded hands, Houston-based Midway Cos. finally has revealed plans for its redevelopment.

Midway is the developer for Buffalo Heights, the first phase of which will consist of a 4-acre, mixed-use development at the corner of Washington Avenue and South Heights Boulevard, according to a release. As expected, San Antonio-based H-E-B Grocery Co. will open a 96,000-square-foot store as the anchor tenant for that phase.

Click to read more at Houston Business Journal.