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HOUSTON-Koger Equity makes good on a promise to close the acquisition of the 1.2-million-sf Houston property before the year ends. The takeover will push out a $12-million renovation of the class A office asset.
HOUSTON-Though it's the smaller deal, Subway the sandwich shop chain has renewed and expanded its corporate headquarters. The North Houston lease now totals 2,446 sf. The larger lease closes off 7,111 sf in the Woodlands.
HOUSTON-A southeastern charitable foundation wins the face-off from a field of 10 bidders for the 32-year-old complex situated within two miles of Houston's Galleria. The 93%-occupied complex will be converted into affordable housing.
HOUSTON-Iron Mountain Information Management Systems has finalized terms for a 53,232-sf building along Distribution Boulevard in the city's northwest sector. On the east side of town, Dixie Box & Crating takes 24,000 sf.
FORT BEND COUNTY, TX-Equity One is seeking relief from a jury award of $896,000 in compensatory damages and $22.5 million in exemplary damages to a shopping center owner. The district court is expected to issue judgment Friday in the 1 1/2-year-old case.
HOUSTON-QCI Marine Offshore puts finishing touches to a long-term commitment for the build-to-suit in the Willowbrook Industrial Park in northwest Houston. The lease has been crafted by a Grubb & Ellis team and an independent broker.
THE WOODLANDS, TX-The Oak Brook, IL restaurateur is hard at work on a 1.2-acre pad site in the College Park Shopping Center, an 89%-leased, 90-acre development in the Woodlands. It's the chain's fifth in the Houston area.
HOUSTON-The joint venture partners, funded by a $500-million pool, buy a 155,000-sf vacant building positioned on 11 acres at 15150 Memorial Dr. The building gets upgraded while the land triggers a huddle over future plans.
HOUSTON-A Canadian investor bests 20 others for the 23-year-old Sandalwood. The active bidding was due to the upside potential in rent and occupancy. Seller AIMCO expected to collect about $8 million from the sale.
HOUSTON-Stolt-Nielsen has put a fraction of its owner-occupied, class A office building on the market after scaling back staff and shipping some of them back to Rotterdam. The two-year-old building is situated in the city's smallest office submarket.