Real estate in brief: 80-room hotel near 610 South is sold

July 22, 2017

July 22, 2017

Houston-based HH&S Hospitality has purchased the 80-room Candlewood Suites Houston Medical Center at 10025 S. Main from Pika Hotel Group. CBRE Hotels’ Michael Yu, Rahul Bijlani, Eric Guerrero and Agrama Mannapperuma brokered the transaction. The hotel, built in 2008, is just outside Loop 610 South.

Dyonyx has leased 11,250 square feet at Granite Tower, 13430 Northwest Freeway. Eugene Terry and Louie Crapitto of JLL represented the tenant. Sandy Benak and Steve West represented the landlord, Granite Properties.

BasinTek has renewed and expanded its lease with Prologis to 200,000 square feet at 713 Northpark Central Drive. Nick Peterson and John Ferruzzo of NAI Partners represented the tenant.

Puerta Verde has purchased 17.5 acres east of U.S. 59 between Rankin Road and Will Clayton Parkway as the site of a distribution facility. Nabil Murad of NM Management represented the seller, Pinecrest Financial Corp. Richard Stromatt of GDC Realty represented the buyer.

Dream Medical Management Corp. has purchased a 14,573-square-foot medical office at 3074 College Park Drive, The Woodlands. Anh Nguyen with Greentree Venture represented the buyer. Elena Bakina of Colliers International represented the seller, Integra Plaza LLC.

Lakeside Medical has leased 2,665 square feet in the Southwest Medical Plaza, 8200 Wednesbury. Joshua Gold with Finial Group represented the tenant.

Mosaic Residential has acquired the Eagle Crest and Timberlakes at Atascosita apartments in Humble from Gaia Real Estate and its partners. Clint Duncan and Matt Phillips of CBRE represented the seller.

Mission Capital Advisors has arranged a $15.3 million loan for the acquisition of the new Staybridge Suites Houston-Medical Center. Midas Hospitality purchased the 120-room extended stay hotel at 9000 S. Main. Philip Justiss, Alex Draganiuk and Lexington Henn secured the loan from Iberiabank.

HFF has arranged $66 million in construction financing for the first phase of Buffalo Heights, a mixed-use development at 3663 Washington anchored by H-E-B. BKR Memorial II owns the project, which is being developed by Houston-based Midway. Colby Mueck and Matthew Putterman arranged the loan through U.S. Trust, Bank of America Private Wealth Management.

See more…