New West Houston Business Park Inks First Deal for MAN Diesel & Turbo’s North American Headquarters

The business park at Twinwood, a new west Houstondestination for companies dedicated to research and development, distribution and light manufacturing, has finalized its first agreement to bring MAN Diesel & Turbo’s new North American headquarters to the 650-acre property.  

Located just south of I-10 between Woods Road and FM 1489, the business park at Twinwood is part of a proposed 14,000-acre master-planned community of low, medium and high-density residential along with retail, hospitality, higher education and office.  The property is owned by Houstonbusinessman Putera Sampoerna.

MAN Diesel & Turbo’s new North American headquarters, a 137,434 square-foot build-to-suit owned by Houston-based Welcome Group, will house 105,309 square feet of air-conditioned service shop space and 32,125 square feet of office space.  The Design/Build project by Houston-based KDW is slated to span one year, beginning in the second quarter of 2018.

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Luxury mixed-use in Upper Kirby signs boutique, Indian restaurant, hair salon

Kirby Collection, a new luxury mixed-use development in Upper Kirby, is adding three more retail tenants.

New York-based developer Thor Equities announced Jan. 3 that A Ma Maniére, Great W’Kana Café and Atelier Isabelle Rose recently signed leases. Austin Knief and George Stanchfield of Thor Equities represented the landlord, Thor, in all three transactions.

A Ma Maniére, a boutique from Atlanta, will take 2,200 square feet for its first Houston store. The company offers luxury streetware and footwear brands, including Adidas, Alexander Wang, Off-White, Puma and Raf Simons, according to Thor Equities’ press release. Jerald Vascoe represented A Ma Maniére in the lease. 

Click to read more at Houston Business Journal. 

Houston developer’s long-awaited apartment tower in Upper Kirby underway

Hanover River Oaks — a luxury apartment tower originally proposed in 2014 — broke ground in Upper Kirby last month, according to Holliday Fenoglio Fowler LP.

HFF announced Jan. 4 that it represented Houston-based Hanover Co. and institutional investors advised by J.P. Morgan Asset Management to capitalize the equity and construction financing for the project’s development. HFF’s team representing Hanover included Managing Director Cortney Cole, Executive Managing Director Scott Galloway and Director Dustin Selzer.

Click to read more at Houston Business Journal. 

Transwestern Investment Group searching for next big sale-leaseback campus following string of megadeals

Shortly after closing the latest sale-leaseback of a State Farm Insurance regional campus, Houston-based Transwestern Investment Group has begun scouring major U.S. markets for additional investment opportunities.

The latest deal — the sale-leaseback of the 2 million-square-foot State Farm regional hub in Tempe — closed earlier this month, and marks the end to a years-long partnership between Bloomington, Illinois-based State Farm Insurance and Transwestern Investment Group.

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Chinese manufacturer to open 100,000-square-foot Houston facility

The city of Houston expects to wrap up negotiations early next year with a China-based airport equipment manufacturer to build a new facility near George Bush Intercontinental Airport, a city official said.

An agreement with CIMC-Tianda Airport Support Ltd. could be formally signed as early as January to create the about 100,000-square-foot facility, said Andy Icken, city of Houston’s chief development officer. A memorandum of understanding is already in place after the city and other officials visited China between Dec. 2-9.

Terms of the deal were not disclosed, but the facility could add around 80 jobs in the Houston area.

Click to read more at Houston Business Journal.

$50 million distribution development to rise in southeast Houston

A Colorado-based furniture distributor intends to buy nearly two dozen acres of land for a large industrial development.

American Furniture Warehouse Co. intends to purchase 23 acres at 21404 Gulf Freeway to build a 350,000-square-foot showroom, distribution center and warehouse, an American Furniture Warehouse employee confirmed to the Houston Business Journal. The announcement was originally released by the Bay Area Houston Economic Partnership, which received its information on the deal from the city of Webster, a Bay Area Houston spokesperson said.

Click to read more at Houston Business Journal.