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Colliers sells Class A office building on 4.51 acres as investment opportunity on Gears Road

Colliers is pleased to announce the sale of 450 Gears Road, a Class A multi-tenant office building on 4.51 acres near Interstate 45 and Greens Parkway. The buyer of the building was represented by Evens Grandoit. The seller was represented by David CarterDoug Pack andSam Hansen of Colliers.   

 

The architecturally appealing Class A office building, constructed in 1984, offers an 8-story multi-tenant design and an adjacent 4-story parking garage. The building is located in Greens Crossing, at Interstate 45 and Sam Houston Parkway, 12 miles from downtown Houston and 8 miles from Intercontinental Airport.

 

The building amenities include on-site management and security, a tenant conference center and building card key access. The exterior is a custom patterned vermillion granite with double-pane reflective glass and is comprised of a unique design of interlocking octagons. 

  

Main Image_Gears Road


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David Carter

Principal & Director

Houston

David Carter, Principal, Director and sits on the Governance Council. Titans Award recipient for top revenue producer and Everest Award recipient for top production across the enterprise. Carter specializes in the areas of brokerage and investment sales of office, flex and industrial buildings. Carter has successfully represented an extensive client base in dispositions, sale leaseback, build to suit, joint ventures, partnership structure, acquisitions and development.

Expertise, knowledge and commitment to clients are Carter’s skill set that allow his clients to make critical decisions with the right information, delivering valuable real estate solutions to grow their business.

Carter has consistently been recognized as a Houston top producer in commercial real estate since 1997 and has earned the professional designations of Certified Commercial Investment Member (CCIM) and Society of Industrial and Office Realtors (SIOR), President in 2009.

He is a member of NAIOP and licensed real estate broker in the State of Texas, holds a Bachelor of Business Administration degree specializing in Finance from Sam Houston State University and is a member of Sigma Chi Fraternity.

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Doug Pack

Principal

Houston

Doug Pack joined Colliers in 2021 and specializes in office project leasing alongside his partner, Sam Hansen. Doug has been involved with commercial real estate in Houston, primarily as an Office Landlord Leasing Agent, for more than two decades. Doug joins Colliers after spending five years as a Principal in the same capacity at Avison Young. While at Avison Young, the duo leased more than 5 million square feet of office, flex and retail space throughout the Houston metropolitan area.

Prior to Avison Young, Doug was Executive Vice President at NAI Partners, working aggressively to advance project leasing, property management and investment sales. In this role, Pack more than tripled the size of the division’s agency office leasing portfolio - growing it to 3.8 million square feet of Class “A” and “B” office product, as of February 2016. Also, during his time at NAI Partners, Doug brokered 16 Class “B” office building investment sales transactions totaling over $65,000,000 to both local and institutional commercial real estate investors.

As a veteran in the real estate industry, Doug has a strong reputation and track record in the development and execution of successful leasing project platforms. Doug started his commercial real estate career with Boxer Property in 1994, and during his tenure, he held several leadership positions in both leasing and operations. As a key executive with success on both Doug Pack property management and agency leasing. Starting in 2009 Doug was responsible for developing Boxer’s third-party management and leasing service line—which grew to more than 5 million square feet during his tenure. He also led all business development and supervised the third-party portfolio, its management and leasing platform, and the asset management team. Prior to that Doug served for 10 years as Boxer’s Director of Leasing, responsible for a portfolio of more than 8 million square feet with assets located across the United States. The portfolio consisted of office, medical office, retail and multi-family properties. Before taking over as Leasing Director, he was Regional Director of Operations for a portfolio of office buildings in Dallas and Tulsa covering 2 million square feet of assets. Upon his successful implementation of the Boxer management and leasing program, the Tulsa portfolio was sold to a third-party investor. Doug has been active in all facets of real estate management and leasing for more than two decades, and his accomplishments include assisting in the creation of the leasing portion of the Boxer policy manual, establishing policies and procedures, and internal controls and operational guidelines, as well as the development of the vertical integration of internal services for property management, which resulted in significant operational savings to both Boxer and its third-party clients.

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Sam Hansen

Principal

Houston

Sam Hansen joined Colliers in 2021 and specializes in office project leasing alongside his partner, Doug Pack. Sam has been involved with commercial real estate in Houston, primarily as an Office Landlord Leasing Agent, for more than two decades.

Sam joins Colliers after spending five years as a Principal in the same capacity at Avison Young. While at Avison Young, the duo leased more than 5 million square feet of office, flex and retail space throughout the Houston metropolitan area.

During his eight-year tenure as Senior Vice President with NAI Partners, Sam built a successful office portfolio of Class A and B office buildings. Sam also assisted NAI Partners in building a successful management platform totaling nearly 4.5 MSF of industrial, office and retail properties.

Prior to joining NAI Partners, Sam worked for Hines Interests for 12 years. As a Director of Leasing, he was solely responsible for approximately 5 million square feet of Class A, trophy, commercial office buildings including JPMorgan Chase Tower, Williams Tower, and Greenspoint Plaza—ExxonMobil’s World HQ for Upstream Development and Exploration. With Hines, Sam completed more than 156 significant office leasing transactions totaling over 1.85 million square feet and has represented building owners and negotiated leases on their behalf with top Fortune 100 companies including, but not limited to, ExxonMobil, Wachovia (regional headquarters), Citigroup, Verizon, Merrill Lynch, and Lehman Brothers. Sam has also completed transactions with other notable tenants such as Locke Lord, Breitburn Energy, CBRE and Williams.

Sam’s depth in real estate also extends to Operations which allows him to better understand and market an asset to prospects. Sam was one of the first agents in the U.S. to complete the Hines Advanced Technical Core program and was part of the pilot program to generate a standardized training program for Hines to deploy worldwide.

Sam’s past responsibilities maximize his odds for success in all property Classes and sizes. During his 20+ year career, Sam has proven himself to be a dynamic, multi-talented team member that offers the ability to provide value and creative solutions for property owners while meeting the requirements of asset managers and tenants alike.

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