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Did you know we do business all over the state of Texas? Our most recent transaction is from Austin.
West End Lumber Company signed a 7-year lease for a 37,700-square-foot industrial building and an adjacent one-acre tract at 3601 Silver Dollar Circle. Kevin Dalrymple of Clay & Company represented the tenant.
OFFICE-WAREHOUSE: Athena Gun Club of Houston has purchased a 53,770-square-foot office-warehouse at 10814 Old Katy Road on the Katy Freeway feeder road east of Brittmore. Tim Clay with Clay & Co. represented the seller, Katy Freeway Associates. (Houston Chronicle, 2/27/2012 and Real Estate Bisnow, 2/22/2012)
APARTMENTS: STYN has purchased a 53,599-square-foot apartment complex at 909 Birnham Woods in Pasadena. Amy Silvey with Clay & Co. represented the seller, Worldnet Telecom Services. (Houston Chronicle, 1/14/2012 and Real Estate Bisnow, 1/17/2012)
LAND: Emerson Process Management Valve Automation has purchased 6.8 acres at North Eldridge Parkway and Crossridge Drive. Phillip Arnett with Paine/Wetzel Associates represented the buyer. Tim Clay and Amy Silvey with Clay & Co. represented the seller, Clay Venture Fund #3. (Houston Chronicle, 12/24/2011)
LAND: Stripes has purchased 2.7 acres at North Gessner and Philippine. Clay & Co. represented the seller, Gessner/Philippine 2.72. Gulf Coast Commercial Group and Wile Interests assisted in the transaction. (Houston Chronicle, 12/24/2011)
Houston Chronicle Real Estate Transactions (Sept 5, 2011)
INDUSTRIAL: HAF Enterprises has purchased a 13,092-square-foot office warehouse space at 14038 S. Gessner in Missouri City. Tim Clay and Barton Kelly with Clay & Co. represented the seller, First Bank. Champions Real Estate Group represented the buyer.
Real Estate BISNOW The Deal Sheet (Sept 6, 2011)
Clay & Co has been selected as the exclusive leasing agent for a 94k SF industrial building on the South Loop at Mykawa Road. The building is comprised of 78k SF of warehouse space and 16k SF of office space. Central Transportation Systems occupied the facility through August of this year.
Houston Chronicle Real Estate Transactions
OFFICE: Maranatha Full Gospel Church of Dallas has purchased a 13,098-square-foot office/warehouse at 2714A and 2716 Cypress Point Drive in Missouri City. Barton Kelly with Clay & Co. represented the seller, First Bank.
Chronicle Real Estate Transactions:
INDUSTRIAL: Clayco-H20 Ltd., with Timothy K. Clay serving as trustee, has purchased a 20,244-square-foot building at 5350 Bay Oaks Drive in Pasadena. The building, constructed in 2010, sits on 2.6 acres and serves as a sales and service office for Water and Power Technologies, a water-treatment company specializing in commercial and industrial purification systems. Water and Power Tech has a 10-year lease with Clayco-H20. Clay & Co. represented the buyer and will manage the building. Investment Brokerage represented the seller, CCI-B Genoa Red Bluff LLC.
LAND: 93 Schiel Road Ltd., with Timothy K. Clay serving as general partner, has purchased 94 acres on Schiel Road in northwest Houston. Clay & Co. represented the buyer. Westside Properties represented the seller.
Clayco-H20 Buys 20,244-SF Building in Pasadena Full story here
Timothy Clay, as general partner for 93 Schiel Road Ltd, purchased 93 acres on Schiel Road in northwest Houston. Clay & Co represented the buyer and Westside Properties represented the seller. We’re told there are no immediate plans for the land.
Tuesday’s edition of Bisnow Houston featured Clay & Co’s Timothy K. Clay, Amy Silvey, and Kevin Dalrymple discussing our Investment division. See the article below:
Clay & Co recently created a $25M investment partnership, with plans to buy $64M worth of assets in the Texas Triangle. It’s the first fund created by the Houston-based firm best known for holding large, multi-property auctions. We snapped president Tim Clay between Kevin Dalrymple and Amy Silvey, who tell us they’re forming the “Texas Triple Net Real Estate Partnership” to acquire income-producing properties that are triple-net leased to strong credit tenants. Other requirements: Location is important (as is location and location); all assets must be single-tenant with at least a five-year remaining lease term; and returns must be double-digit. Tim would like an even spread between office, retail, and industrial properties, but is seeing more opportunities in the industrial sector.
Tim tells us Clay’s launching the fund now to capitalize on ideal interest and cap rates. Plus, it can get leverage returns of 13% or higher (its last purchase brought in 16%). Tim says he plans to hold the properties for five to seven years. Clay’s most recent buy was the Water and Power Technologies’ 20k SF warehouse (pictured). Tim says the facility has 10k SF of expansion capabilities, and he liked the lease (10 years), location (near the port), and tenant’s industry (water purification). Clay has contracts out for its first fund purchases.
See the complete edition here.
LAND: Tae Jeong has purchased 1.3 acres on Sam Houston Parkway North between Fallbrook Drive and North Gessner Drive. Clay & Co. represented the seller, Whitney National Bank in New Orleans. (Houston Chronicle, January 10)
STORAGE: Steve Clegg and Marc Ashley have purchased 23410 Snook Lane, a 213-unit storage facility in Tomball. Tim Clay and Kevin Dalrymple with Clay and Co. represented the seller, First Bank. (Houston Chronicle, January 24)
LAND: Star Gessner Properties has purchased 10.24 acres at South Gessner in the Beltway Crossing Business Park in Missouri City. Partners Commercial Realty represented the seller, StoneBridge Gessner. Clay & Co. represented the buyer.
See more recent transactions at www.chron.com
Harris County Municipal Utility District 179 has purchased three acres at Easton Commons Drive and West Road in northwest Houston. The three acres are adjacent to seven acres purchased by MUD 179 in December of 2008. Harris County MUD 179 purchased the ten acres out of a 14-acre tract owned by Clay Venture Fund, #3, LP. Clay Venture Fund retains the four acres on the corner of Easton Commons Drive and West Road. Clay & Company represented Clay Venture Fund, #3 in both transactions.
See more recent Houston real estate transactions here.
