Civitas Capital Group acquired Cypresswood Apartments, a development of Fidelis Realty...
Civitas Capital Group has the 2287-unit Cypresswood Apartments at 708 E. Cypresswood Drive in Spring. The seller was Fidelis Realty Partners.acquired Cypresswood Apartments, a three-story, 287-unit apartment complex at 708 E. Cypresswood Drive in Spring. The seller was Fidelis Realty Partners. The recently developed property consists of 11 buildings on 12 acres with units ranging from 725 to 1,436 square feet.
"The functionality and variety of tenant options for this site gives us tremendous flexibility in leasing," said Troy MacMane, managing principal of Brennan."Industrial demand remains strong and gives us confidence that this new facility will be well received by the market." The project is near the southwest corner of Beltway 8 and Texas 288 in a growing region for industrial developments in Pearland. Houston-based Levey Group recently purchased land along Beltway 8 at Almeda School Road in the district for the planned Levey Logistics Park, a two-building project totaling approximately 650,000 square feet.
Brennan Investment Group will develop a spec industrial building totaling 216,004 square feet on Kirby Drive and North Spectrum Boulevard in Pearland.leased 1,950 square feet of office and warehouse space at 1213 West Loop North, Suite 110. Jason Gibbons of Finial Group represented the tenant.leased 2,415 square feet at 1776 Woodstead Court in The Woodlands. John Hornbuckle of Cypressbrook Co. represented the landlord, Woodmark Capital.
Reed Vestal and John Erck of Junction Commercial Real Estate represented an undisclosed seller in the sale of 13 acres on Donigan Road, just south of Interstate 10, in Brookshire. The undisclosed buyer was represented by Leigh Anne Ahr of Proximity RE.leased 2,880 square feet in the Bayside Center at 601 Cien Road in Kemah. D’Ann Fleming with Re/Max 5-Star Realty represented the landlord. Wayne Rutledge with Rutledge Commercial Real Estate represented the tenant.
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