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HOUSTON-MBS Realty of Metairie, LA beats out about 20 others for the deed to the Steeplecrest, a neighbor to one of its buys earlier this year along West Road. The newest acquisition was 96% occupied at sale time.
HOUSTON-Coastal Foods' new building will contain manufacturing and distribution. The 1.34-acre project, ticketed for a February 2003 delivery, is rising next to the tenant's headquarters in the Interbelt North Business Center.
HOUSTON-Trinity Hardwood Distributors gets a 26,856-sf structure and Robison Properties, an 18,216-sf design. The Business Center at Blalock buildings bring in about $60 per sf for seller Vantage Cos.
HOUSTON-Roman Dental steps up to close the deal after several other bids fall by the wayside on the Boston Market building at 14535 Memorial Dr. on the city's west side. The retail-to-office conversion is under way. Move-in is set for Jan. 15, 2003.
TOMBALL, TX-After 15 years of holding, a Houston-based partnership has sold more than eight acres to a suburban retail developer. The land at the corner of FM 2920 and FM 2978 is platted for two restaurants and some spec inline shops.
HOUSTON-For the third time in two years, General Electric Pension Trust buys 80% ownership in a Crescent building. The latest deal is for the 415,000-sf Three Westlake Park, a sister property to a claim staked in July 2001.
SAN ANTONIO-The capital pays off existing debt and goes toward finish-out for Pat O'Brien's, a world-class bar and restaurant selecting the San Antonio Riverwalk for its first corporate-owned location outside New Orleans.
SHENANDOAH, TX-A $4.6-million loan gets final signatures as the developer pushes ahead on the third leg to the 400,000-sf lifestyle center. Today Realty Advisors of Dallas leads the limited partnership in charge of the newest phase.
THE WOODLANDS, TX-The center will rise on 15 1/2 acres in the Village of Sterling Ridge. Ground breaks in the fall; delivery is winter 2003. The plan is to merge two branch locations and Cochran's Crossing center.
SUGAR LAND, TX-The La-Z-Boy store is going up on 1 1/2 acres at Town Center Lakeside in the First Colony neighborhood of Sugar Land. Delivery is set for March 2003. Also, Bed, Bath & Beyond leases 20,564 sf in Beaumont.