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HOUSTON-Two years after it was foreclosed, the Sharpstown Center secures a new owner. The private investor's game plan includes a multi-million-dollar renovation for the 72%-occupied mall positioned on 43 acres.
HOUSTON-The seller finds a buyer in the neighborhood after the property sat on the market for 1 1/2 years at an asking price of $850,000. Buyer NDK Investments is a janitorial service that bought vacant building that once housed several tenants.
HOUSTON-The Plaza Group, a petrochemical marketing firm, has taken 3,549 sf for its headquarters at the Millennium Tower. An accounting firm earmarks 3,521 sf for a new office at One Richmond Plaza.
HOUSTON-Griffin Juban Interests gets to a closing table after waiting nine months because the equity partner had foreclosed on the Westchase buildings. A second marketing round still put Griffin Juban at the top of the buyers' list.
HOUSTON-Turner Bros. of Oklahoma City finds some supplemental industrial space for its Houston operation. The short-term lease fills a warehouse at 8825 Mississippi St. near the Port of Houston.
HOUSTON-The deal delivers contiguous space for the long-time tenant at 2 Houston Center. Shell gets to consolidate leased sites from around town while Crescent gets to backfill about 18,000 sf vacated by tenants who shifted to its new office building.
HOUSTON-A medium-term lease caps talks for 7,222 sf at 8702 Westpark Dr., a 207,571-sf office/warehouse owned by San Francisco's AMB Property Corp. The deal with A-Personnel Inc. boosted occupancy to 89%.
HOUSTON-USAA Real Estate Co. of San Antonio and Cobalt Capital Partners of Irving, TX take over the 203,882-sf Astro Business Center, a 96%-occupied property near the Texas Medical Center. Now, they're scouting for more properties.
HOUSTON-Edward C. Rammrath steps into the newly created position of senior vice president for investment properties. He is tasked with finding acquisitions for the Cencor-GE Capital alliance plus working on purchases and sales at large.
HOUSTON-A specialty insurance wholesaler takes 2,927 sf at Two Memorial Plaza in the Energy Corridor while a dispute resolution pro leases 2,023 sf at 1770 St. James Place in the Galleria submarket.