Real estate transactions
A Chicago-based private equity group has purchased the Ranch at City Park, a 270-unit apartment community on 14 acres at 11900 City Park Central Lane.
Amenities include a resort-style swimming pool, outdoor fireplace, picnic and grilling area, 24-hour fitness center, clubhouse, game room with billiards table, theater room, cyber cafe and detached garages.
Ultimate Shutters has purchased a 22,500-square-foot building at 7536 Fairview from Heard Development.
MB Retail Associates, a joint venture with Houston-based Fidelis Realty Partners and San Antonio-based H-E-B, has acquired 41 acres at the northwest corner of Interstate 10 and FM 3180 (Eagle Drive) in Mont Belvieu.
An investor/developer has purchased 14.6 acres for a duplex residential development on FM 565, three blocks west of County Road 3246, in Mont Belvieu.
Marathon Petroleum Corp. subsidiary Blanchard Refining Co. has signed a 26,000-square-foot lease renewal at Bay Plaza Office Complex at 711 W. Bay Area Blvd.
The executive offices have relocated from Jones Hall to a new space on the fifth level in the Niels Esperson wing, which also houses marketing, development and special events.
Nexo Solutions, a specialized technology provider in connection with contamination control, has leased 1,700 square feet at 25003 Pitkin Road in The Woodlands.
Savvytech Security, an international distributor of security cameras and other devices, has leased 9,854 square feet of office and warehouse space at 10651 Harwin from Insite West Belt.
Ridge was also hired by Agro Merchants Group to provide development consulting services for a 300,000-square-foot cold storage facility on 17.51 acres.