Transwestern Real Estate Services appointed Clint Bawcom as executive managing director and Houston market leader. He will succeed Kevin Roberts, a 36-year veteran of Transwestern who has served as Houston’s market leader for 15 years.
Courtesy of Transwestern
Transwestern’s Kevin Roberts and Clint Bawcom
Roberts will transition to the role of executive vice president of strategic client relationships, focusing on transformation initiatives including new business development, portfolio and account management, and mergers and acquisitions.
Bawcom will oversee the firm’s Houston operations, comprising more than 400 professionals and 82M SF of leased and managed commercial space. He began his career as a producer at Transwestern before working for multiple public and private real estate companies.
He brings more than 25 years of experience in leasing, operations and business development and most recently served as managing principal of Cushman & Wakefield’s Houston operations.
“When I initiated this succession plan with my partners, there was one name on my list: Clint Bawcom,” Roberts said in a statement.
SALES
A regional homebuilder bought 32 acres along the Grand Parkway near Mueschke Road. The land is on the north and south sides of the soon-to-be-announced Everly Fields Boulevard in the Everly Fields master-planned community. The site is part of a 150-acre mixed-use development.
James Kadlick, Chris Hutcheson and Harrison Kane of Colliers represented the seller. Colliers will be marketing the remaining tracts with entitlements in place by fall 2026.
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Partners Capital, the investment platform of Partners Real Estate, acquired HTX Service Center Portfolio. The portfolio has three business parks: Lakes at 610 Service Center, Willowbend Service Center and Wilcrest Green Service Center, totaling 229K SF of infill flex and light industrial space in Houston.
The 14-acre, five-building portfolio is 69% occupied. Brent Reed at Veritex Community Bank financed the acquisition. Michael Martin of Avison Young represented Partners Capital.
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Price Realty Corp. acquired the Reserve on Kingsland, a 382-unit, Class-A multifamily property at 23403 Kingsland Blvd. Originally built in 2020, the Reserve on Kingsland features 11 three-story buildings with unit sizes from one to three bedrooms.
The seller, OHT Partners, was represented by Ryan Epstein and Jennifer Ray of Walker & Dunlop. JLL Capital Markets’ debt advisory team, led by Andy Scott and Michael Cosby, arranged the seven-year, fixed-rate agency financing for Price Realty.
LEASES
DBR Engineering Consultants Inc. leased 47K SF at 200 Westlake Park Blvd., known as Four Westlake, for its corporate headquarters. DBR will occupy the entire second floor with the move-in of its 100 employees, anticipated for May, after conducting extensive tenant improvements.
DBR will be moving from 31K SF at 9990 Richmond Ave., where it has been for nearly 30 years, increasing its space by 54%. Four Westlake is a 20-story Class-A building in Houston’s Energy Corridor.
Avison Young’s Anthony Squillante and Dustin Devine represented the tenant. The landlord was represented by Tyler Garrett and Matt Pruitt of JLL.
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Stats International Inc. leased 73K SF of industrial space at 3782 Reese Road in Rosenberg. The three-building property on 10 acres will serve as a regional base for Stats International’s pipeline services operations, including maintenance and manufacturing. The facility has a 56K SF warehouse and two other buildings measuring 1,520 SF and 15K SF.
Stats International was represented by Avison Young’s Squillante and Drew Coupe. The landlord, Welcome Group, was represented by Ryan Wasaff, Brad Berry and Cole Bercher of Welcome Realty Advisors.
CONSTRUCTION AND DEVELOPMENT
Courtesy of Seeberger Architecture
A rendering of Stream Realty Partners’ 300K SF industrial development in Northwest Houston
Stream Realty Partners acquired a 17-acre site in Northwest Houston to develop a 300K SF cross-dock warehouse. The building will be designed to accommodate tenants with needs from 75K SF to the full building.
The development site is off of West 43rd Street between Hempstead Highway and U.S. Highway 290. The building design is being finalized in collaboration with Seeberger Architecture, with Kimley-Horn providing civil engineering services. Stream is moving to finalize the construction documents, secure permits and prepare for groundbreaking.
Stream is developing the project through its investment management platform, with Stream’s industrial development services team overseeing execution. The project team includes Justin Robinson, Craig McKenna, Tyler Wellborn and Kristina Gibson. Additional investment management team members include Adam Jackson, Mustafa Ali, Scott Thetford and Tricia Larsen.
Construction is scheduled to begin in the first quarter of 2026, with substantial completion anticipated for Q4 of the same year.
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Lovett Industrial broke ground on Phase 2 of 610 Business District, a 113-acre, multiphase infill business park in South Houston, at the southeast corner of Mykawa Road and Dixie Drive, about a mile south of Loop 610. The park will ultimately contain nine buildings totaling 1.5M SF. Phase 1 totaled two buildings and 390K SF.
Phase 2 will consist of 537K SF of shallow-bay warehouses across four buildings to cater to smaller users. All four buildings are being developed on a speculative basis and are available for lease. The project is slated for completion in the first quarter of 2026.
Leasing is being handled by Jason Dillee, Andrew Jewett and Greg Holmes of CBRE. Construction financing is being provided by Associated Bank. Alston Construction is the general contractor, and ALJ Lindsey is serving as the civil engineer.
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Courtesy of Kirksey Architecture
A rendering of Fulshear Central
Fulshear Central, a 23-acre mixed-use development, has broken ground in the fast-growing city west of Houston.
The development, owned and managed by Janapriya Upscale, is on a greenfield site bordered on the north by FM 1093, a future extension of the Westpark Tollway, and to the south by McKinnon Road. The pedestrian-oriented project plan calls for single-story retail along FM 1093 and one- and two-story retail/office condominium buildings grouped around a “town square” green space in the center.
The general contractor is Alpha Bravo Construction, and it is designed by Kirksey Architecture. Completion is slated for early 2026.
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OHT Partners broke ground on a 360-unit, three-story multifamily complex at 23615 Kingsland Blvd. in Katy. The to-be-named community will offer a mix of 246 one-bedroom and 114 two-bedroom residences, ranging from 700 SF to 1,260 SF.
OHT Partners Construction will serve as the general contractor. The architect is Meeks + Partners, the civil engineer is Quiddity Engineering LLC, the structural engineer is United Structural Consultants Inc., and the mechanical, electrical and plumbing consultant is MEP Delta Design.
Ellie Aiello Interiors is providing interior design services, and KFM Engineering & Design is the landscape architect. ZRS Management will be the property manager.
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Alliance Industrial, in partnership with Northwestern Mutual, closed on 62 acres at the intersection of Beltway 8 and Grayson Road in the Southeast submarket of Houston. The firm will soon break ground on TriPort 8, a new 881K SF, five-building Class-A industrial park.
TriPort 8 is scheduled for delivery in the second quarter of 2026 and will offer industrial spaces ranging from 30K SF to 250K SF.
Stream Realty Partners’ Jeremy Lumbreras and Garret Geaccone will oversee leasing. Luke Hoyl with Virtue Real Estate Partners represented Alliance.
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Courtesy of Hoar Construction
Rone Residences
Hoar Construction completed the Rone Residences, a 12-story multifamily community developed by High Street Residential, a subsidiary of Trammell Crow Co. Hoar served as general contractor of the project at 2311 Westheimer Road.
The development includes 209 high-end apartments and 2,900 SF of retail. Residents have begun moving into the complex, which has units ranging from 890 SF to 2,200 SF and one to three bedrooms.
ZCA Residential LLC served as the architect, and ZRS Management is handling management and leasing.
FINANCING
Avatar Financial Group provided a $7.3M loan to refinance two garden-style apartment communities in Houston. The bridge loan carries a two-year term and a loan-to-value ratio of 70%.
The 78-unit Donovan Village is at 601 W. Donovan St. in Northwest Houston’s Independence Heights neighborhood, while the 60-unit Station Apartments sits at 4411 Fulton St., within the Greater Heights area of Midtown Houston.
The undisclosed sponsor required expedited financing to qualify for a Texas property tax abatement program expected to sunset during this legislative session. Avatar closed in under two weeks, allowing the borrower to meet the program’s deadline. The sponsor plans to redevelop both sites and ultimately exit Avatar’s loan through construction takeout financing.
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CBRE arranged a $17.4M construction loan on behalf of Constellation Real Estate Partners and its partner, a large insurance company, for the development of a 240K SF speculative industrial facility in Pasadena.
CBRE Capital Markets’ debt and structured finance team of Brian Linnihan, Mike Ryan, Richard Henry and Taylor Crowder sourced the financing from Texas Capital Bank. The nonrecourse construction loan will fund the development of Constellation Genoa Red Bluff at 2543 Genoa Red Bluff Road.