Monday, February 22, 2010

IMG Financial Leases 12,127 sf at 4550 Post Oak Place

IMG Financial Group relocated from its longtime home in Greenway Plaza to its newly expanded offices at 4550 Post Oak Place.  The new headquarters features improvements in the layout, technology and conference room space.  The space will house IMG Financial Group's 30 financial advisors, IMGCapital Management Group and IMG Benefits.  Steve Rocher and Kristen Rabel of CB Richard Ellis represented the Landlord and Marshall Clinkscales of Colliers International represented IMG Financial Group.

Thursday, July 16, 2009

Nexus Health Systems Renews 12,051 SF Lease at One Riverway in Houston

Nexus Health Systems, Ltd., a provider of medical services in the residential and medical specialty fields, renewed its corporate office lease of 12,051 sf at One Riverway, a Class A office building in Houston's Uptown/Galleria area.  Mitch Pearl of UGL Equis represented the tenant in the transaction.  Steve Rocher and Dave Hanusa of CB Richard Ellis represented the landlord, Riverway Holdings, LP, South Post Oak Holdings and Overland Riverway LP.  One Riverway is professionally managed by Unilev Management Corp. by Property Manager, Sheila Vashaw.

Tuesday, March 24, 2009

Skymark Development Closes on 5,761 SF Lease

Houston-based Skymark Development Company, Inc. has renewed its 5,761 square foot headquarters at 1616 South Voss Road, in the Galleria area of Houston.  Skymark is a real estate development and management company.  Steve Rocher, Kristen Rabel and Louann Orlando of CB Richard Ellis represented the Landlord, SanVoss Properties, LP, in the transaction.  Griff Bandy of NAI Houston represented the Tenant.   1616 S. Voss is professionally managed by Unilev Management Corp. by Property Manager, Becky Johnston.

Monday, April 14, 2008

Unilev invests further in San Felipe area By KATHERINE FESER

Unilev Capital Corp. has picked up a five-story building at 7700 San Felipe to add to its portfolio of office properties in the affluent San Felipe and Voss area.

"We own three other buildings in the same area," said Danny Levy, a principal with Unilev who has invested in Houston with his brother Raymond since 1991. "It's a very well-situated area with healthy residential behind it."

Located on the edge of Piney Point Village, the 100,716-square-foot building is 96 percent leased. The building has drawn longtime tenants who live in the surrounding Memorial Villages. The list includes doctors, dentists and orthodontists.

Ken Page and Scott Myers of Cushman & Wakefield represented the Seller, KBS Realty Advisors of Newport Beach, Calif. The sales price was not disclosed.

Beverly Hills, Calif.-based Unilev also owns 1616 Voss, 7500 San Felipe and 6363 Woodway in the area. The firm owns several other office and retail properties in Houston and is looking to make other acquisitions here.

Brought to you by the HoustonChronicle.com

Thursday, November 02, 2006

Wells Fargo Place office tower is sold

Wells Fargo Place, formerly known as the World Trade Center , has been sold.  Beyond that, not much more is being said.  The sale of the downtown building, St. Paul's tallest, closed October 26, said a spokeswoman for Eden Prairie’s Northstar Partners, which represented seller Zeller Realty.  The spokeswoman didn't divulge details, citing confidentiality agreements.

The talk in commercial real estate circles is that the buyers likely are Dan and Raymond Levy of Unilev Capital Corp. in Beverly Hills, Calif.  Calls to Unilev Capital were not returned Wednesday.

Zeller Realty of Chicago is expected to continue managing and leasing the space, which that company owned for about six years.  Tom Stella, a vice president of United Properties commercial real estate firm, suspects the tenant mix won't change.  Zeller lured the building's namesake tenant, San Francisco-based Wells Fargo & Co., away from nearby Fifth Street Center (formerly Northwest Center) five years ago.

"Every landlord in the country would want to have Wells Fargo as a tenant," said Bob Pounds, senior vice president at Welsh Cos., another real estate firm.

Despite a glut of vacant office space in downtown, a drive nationally by institutional investors such as pension funds and real estate investment trusts to buy office towers is pushing sale prices higher.

Among the recent deals in downtown St. Paul, Plymouth-based Hempel Properties agreed last month to purchase UBS Plaza , formerly known as the Jaffray Tower, for an undisclosed price.  The U.S. Bank Center sold earlier this year for $58.2 million.  Galtier Plaza's office portion changed hands on June 13, when an affiliate of California-based National Exchange Advisors acquired it for $15.9 million.  And Lawson Commons sold last year for $84.5 million.

"There's a lot of investment money all over and all over the world going into American urban high-rises," said Dick Zehring, president of MSP Commercial.