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Furniture & Furnishings :: Real estate transactions

Retail

YKC Bellfort, a local real estate investment firm, has purchased Bellfort Retail Center at 11422 Southwest Freeway. Christopher D. Winters and John S. Parsley of Colliers International represented the seller, Bellfort Venture. The property is 86 percent leased with Rodney D. Young Insurance, Cricket, Employee Solutions, and Auto Title Loans as tenants.

Land

Samir Ghalayini has purchased 22.6 acres of land off Texas 146 Bypass and U.S. 90 in Liberty for the expansion of his oil field equipment manufacturing business. Claire Sinclair Gavrel with Claire Sinclair Properties represented the seller, John Ager. Andrew Brod with Fritsch Anderson Realty represented the buyer.

Office

On Target Internet Solutions signed a lease expansion for 9,273 square feet at 515 Post Oak. Brad Fricks and Paul Coonrod of Stream represented the landlord, Columbia Property Trust. Griff Bandy with NAI Partners represented the tenant.

Industrial

Janco Foods renewed a lease for 61,500 square feet at 1216 Silber. Matteson Hamilton and Michael Flowers of Stream represented the landlord, AFO Capital. Griffin Rich and Ross James with Jackson & Cooksey represented the tenant.

Retail

Burlington, a national off-price retailer, has opened a 60,000-square-foot store at 9751 S. Post Oak.

America's Best Contacts and Eyeglasses has leased 5,500 square feet at Fondren and West Bellfort. Lilly Golden and Joey Lumsden of Evergreen Commercial Realty represented the tenant.

Senior Living

Avanti Senior Living announced plans to build a $15 million assisted living and memory care community, Avanti Senior Living at Augusta Pines, in Tomball. The community will be located off Kuykendahl Road and West Rayford Road and will house up to 150 residents. Avanti is partnering with architects at PRDG and interior designers at studioSIX5 to build the 77,000-square-foot community. Opening is planned in the second quarter of 2017. It will be the third Houston-area community for the company, which was founded by Tim Hekker and Lori Alford.

Hotel

The Residence Inn by Marriott Springwoods Village, an all-suite hotel with 128 rooms at 22814 Holzwarth Road in Springwoods Village, is open. Developed by Woodbine Development Corp. and managed by InterMountain Management, the hotel features studio and one-bedroom suites, a business center, a meeting room, an outdoor swimming pool, an exercise room and Sport Court. It is the first of three select service hotels to be developed by Woodbine in Springwoods Village.

For more info: http://www.chron.com/business/real-estate/article/Real-estate-transactions-6660852.php

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