(PASADENA, TEXAS — APRIL 2022) Reed Vestal, SIOR, CCIM of Junction Commercial Real Estate brokered the sale of a ± 133,040-square-foot, Class-A industrial distribution facility at 4116 Pasadena Boulevard in Pasadena, Texas. Reed Vestal, SIOR, CCIM of Junction Commercial Real Estate and Taylor Schmidt of Lee & Associates - Houston represented the seller, Vigavi Realty, LLC, and the undisclosed buyer was represented by Reed Vestal, SIOR, CCIM of Junction Commercial Real Estate and Larry Kliger of Lawrence Allen & Associates. The site is located in the highly sought after Southeast Houston submarket, near the intersection of Beltway 8 and Pasadena Boulevard.

Reed Vestal, SIOR, CCIM and Taylor Schmidt, SIOR, CCIM were also responsible for Vigavi’s initial acquisition of the ± 9.59 acres of land the distribution facility sits on. The team helped guide their client from dirt assemblage to finished Class-A product in less than two years.

 

About Junction Commercial Real Estate

Junction Commercial Real Estate is a full-service commercial real estate firm that specializes in brokerage and investment management. With relentless determination and an unwavering commitment to clients, investors, and partners, the Junction team combines over thirty years of producing exceptional results. Collectively, our real estate professionals have brokered, acquired, managed, and disposed of billions of dollars of commercial assets domestically and internationally. Junction is headquartered at One Riverway in Houston, Texas. For additional information, please visit JunctionUSA.com.

SOLD — 27733 Katy Freeway

Reed Vestal, SIOR, CCIM, John Erck, CCIM and Andrew Priest of Junction Commercial Real Estate represented an affiliate of Junction's Private Equity division in the acquisition of a ± 16.1695 acre land tract at 27733 Katy Freeway in Katy, Texas. The seller was represented by Richard Glass, SIOR with CRC Real Estate.

Future plans for this site have not yet been disclosed by the new owner.

 

About Junction Commercial Real Estate

Junction Commercial Real Estate is a full-service commercial real estate firm that specializes in brokerage and investment management. With relentless determination and an unwavering commitment to clients, investors, and partners, the Junction team combines over thirty years of producing exceptional results. Collectively, our real estate professionals have brokered, acquired, managed, and disposed of billions of dollars of commercial assets domestically and internationally. Junction is headquartered at One Riverway in Houston, Texas. For additional information, please visit JunctionUSA.com.

(HOUSTON, TEXAS, May 5 2021) For years, Reed Vestal, former principal and partner at Lee & Associates, and Jamie Poirier, former associate at Hines, talked about forming their own commercial real estate company. But it wasn’t until April of this year that that long-discussed plan came to fruition with the launch of Junction Commercial Real Estate. Poirier and Vestal say that the Covid-19 coronavirus pandemic helped get their new company off the ground.

“The conversation about forming the company started pre-Covid,” Vestal said. “It really allowed us to figure things out because we had more flexibility in our schedules to put the pieces together.”

The two men met while pursuing a master’s in real estate degree at Texas A&M University and liked the idea of teaming up to pursue land and industrial deals in and around Houston. But both felt they needed more “real world” experience before striking out on their own.

Once they graduated, Vestal and Poirier joined Lee & Associates and Hines, respectively, and went on to find success negotiating deals on behalf of clients.

Click here to read the entire article on the Houston Business Journal.

 

About Junction Commercial Real Estate

Junction Commercial Real Estate is a full-service commercial real estate firm that specializes in brokerage and investment management. With relentless determination and an unwavering commitment to clients, investors, and partners, the Junction team combines over thirty years of producing exceptional results. Collectively, our real estate professionals have brokered, acquired, managed, and disposed of billions of dollars of commercial assets domestically and internationally. Junction is headquartered at One Riverway in Houston, Texas. For additional information, please visit JunctionUSA.com. 

Junction is pleased to announce Managing Partner Reed Vestal, SIOR, CCIM and Partner John Erck, CCIM have been named to Houston Business Journal’s (HBJ) 2021 Heavy Hitters List as two of the top commercial land brokers in the greater Houston area. The list featured Vestal and Erck listed at #4 and #10, respectively.  

 

Vestal has appeared on the Heavy Hitters list for five consecutive years. As the leader of one of the top land teams in the Houston market, Vestal says there is still plenty of room for growth and improvement. 

 

We are only scratching the surface in terms of our overall abilities. We have an excellent portfolio of experience, but overall our team is without question the youngest in comparison to our peers. It makes me very excited about our future as a company. 

 

Erck is featured in this edition of the Heavy Hitters list for the second consecutive time in his five-year career, jumping six spots from the previous year’s list 

 

Despite Covid making its presence this past year, our team ended up putting one of its best years together. We had to get creative and figure out unique avenues that could help position our clients in the best opportunities as possible.”  

 

Annually, the Houston Business Journal identifies the top commercial real estate brokers based on gross dollar volume of deals completed over the previous year. The Heavy Hitters represent six sectors of commercial real estate: industrial, investment, land, office landlord, office tenant and retail. The full list of 2021 Land Heavy Hitters can be found on the Houston Business Journal’s websiteaccessible here.  

 

About Junction Commercial Real Estate

Junction Commercial Real Estate is a full-service commercial real estate firm that specializes in brokerage and investment management. With relentless determination and an unwavering commitment to clients, investors, and partners, the Junction team combines over thirty years of producing exceptional results. Collectively, our real estate professionals have brokered, acquired, managed, and disposed of billions of dollars of commercial assets domestically and internationally. Junction is headquartered at One Riverway in Houston, Texas. For additional information, please visit JunctionUSA.com. 

GET IN TOUCH
(713) 979-9131
[email protected]
One Riverway, Suite 2550
Houston, Texas 77056
QUICK LINKS
The Firm
Our Platforms
Our Results
Contact

Compare

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram