Fidelis acquires the HEB shopping center in Pearland

Based in Houston Fidelis real estate partners acquired Shadow Creek Ranch, a 613,468 square foot retail center anchored to HEB at 2805 Business Center Drive in the Shadow Ranch community of Pearland.

Ryan West, Chris Gerard, Barry Brown, Wendy Vandeventer and Katherine Miller of JLL represented the seller, Edens. The property is 97.7% leased. Tenants include Academy, Ashley HomeStore, Burlington, Dynamic Fitness, Hobby Lobby, Subway, Club Pilates, Men’s Wearhouse, Pure Barre and Salata. The sale includes 11 freestanding parcels leased to tenants such as Taco Cabana, Frost Bank and Longhorn Steakhouse. JLL will also arrange post-acquisition financing.

Based in Dallas data bank will expand to Houston with the purchase of four data centers from CyrusOne for $670 million, the company announced. The facilities consist of 4201 Southwest Freeway and three buildings on the Westway Park Boulevard campus in west Houston. With the acquisition, DataBank will have more than 65 facilities and 2.0 million square feet of raised-floor data center capacity, including more than 300,000 square feet in Houston. DataBank will gain customers in the healthcare, finance, energy, media and software industries with the acquisition, which is expected to close in the first quarter.

Based in Miami REIT 3650 provided a $60.5 million loan to Houston-based Huntington Properties for the construction of The Vic on Park Row, a 363-unit apartment complex spread over two four-story buildings at 18210 Park Row in the energy corridor.

Hillwood Investment Properties, a Dallas-based company specializing in industrial real estate development, has purchased 66.3 acres at 5805 S. Sam Houston Parkway East. Clay Pritchett and Zane Carman of NAI Partners represented the seller, 14800 Jersey Shore Drive.

Based in Houston Hicks Ventures signed a $100 million joint venture agreement with Washington, DC-based Artemis Real Estate Partners to develop inpatient rehabilitation facilities and behavioral health hospitals nationwide. Hicks and its directors, Patrick Hicks, David Steidley and Larry Vaile, have completed more than $1 billion in healthcare development projects over the past 20 years. The company is set to open a 53,000 square foot medical facility in Wausau, Wis., in March.

Christophe Martin Gallery opened a Houston location at 2625 Colquitt in the Upper Kirby District. Heather Winn of Winn Commercial Realty represented abstract painter Christopher Martin on the 2,000 square foot lease. Martin has other galleries in Dallas, Aspen and Vail.

Based in Houston Hazel Equity, a subsidiary of Hashem Holdings, has purchased Cranbrook Forest, a 261-unit apartment complex at 13875 Ella Blvd. northwest of Houston. The seller, Loan Star Capital Group of New York, has invested more than $3 million in improvements, mostly focused on the exterior. Planned upgrades to units include appliances, flooring, paint and cabinetry. Bob Heard, Teresa Lowery, Todd Stewart and Chip Nash of Colliers in Houston worked with a team from Colliers in Arizona on the sale.

MLG Capital, a Brookfield, Wis.-based investment firm, added a portfolio of four apartments totaling 1,115 units in Texas and Florida to its Legacy Fund. Chris Curry, Todd Marix, Jeffrey Skipworth, Joey Rippel, Chris Young and Kyle Whitney of Berkadia Houston marketed the portfolio of Southstar Properties, which contributed the properties to the MLG fund as part of a tax-deferred exit strategy. Properties include Parkland at West Oaks, a 323-unit complex located at 2600 Westhollow Drive in Houston; Radius at Shadow Creek, a 350-unit complex at 2400 Business Center Drive in Pearland; West Creek, a 228-unit complex at 2211 Montgomery Park Blvd. at Conroe and Savona Grand Apartments, a 214-unit complex in Lake Worth, Florida.

SCL cold chain leased 12,910 square feet at Prologis Greens Parkway 3, 845 Greens Parkway. Jeremy Lumbreras and William Carpenter of Stream Realty Partners represented the owner, Prologis.

Open door pediatric therapy leased 10,636 square feet at 7915 FM 1960. Bryan Collins represented the owner, Hartman Income REIT.

Sigma Procurement renewed its 41,004 square foot lease at Reed’s Landing Business Park, 2020 Greens Road. Jeremy Lumbreras of Stream Realty Partners represented the owner, Link Industrial.

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