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AUSTIN-The key to the double signing lies in the building owner's decision to divide larger spaces and market them as short-term, turn-key deals, says the broker. The strategy closes off nearly 4,700 sf of office space.
HOUSTON-Builders Post-Tension Inc. has followed through on the plan after leasing 403 Richey Rd. for the past year. The seller, C. Menger Co., was seeking $695,000 for the mid-1980s vintage building in the far north submarket.
HOUSTON-CH Mortgage Co.'s will move into 4321 N. Sam Houston Parkway in the Clay Crossing Business Center. The lease spans five years for the office building and eight acres, assessed at nearly $5 million by Harris County.
HOUSTON-Sugarland Petroleum buys the northwest corner at Beltway 8 and Mesa Drive in the far south corridor. The plan is build a co-branded convenience store and fast-food facility, with some land set aside for future retail development.
SUGAR LAND, TX-The 30,000-sf terminal will cost close to $5 million, but the feeling is it will be money that's well spent since more fliers are turning to smaller airports to avoid longer lines at mainstream facilities.
AUSTIN-The trend is to mix discounted rates of a long-term lease with sublease space to finesse a better overall package, says Buls Hodge Consulting. It effectively means that high sublease numbers are here to stay.
HOUSTON-The $387-million expansion won't be getting under way this year. The corps says it needs more time to collect more data to ensure all areas of public concern are met in its environmental impact study. The deadline now is March 17, 2003.
HOUSTON-3M Development sells half of its acreage to Four Seasons Business Park, a five-acre development in Houston's northwest corridor. The abutting land is at the junction of West Little York and Brittmoore roads.
HOUSTON-The Work Source, a non-profit organization, goes from a Greens Parkway office building to Bridgewood II, a 77%-occupied structure along Sam Houston Parkway. Tomlinson Commercial and PM Realty broker the pact.
HOUSTON-First City Tower in Houston's CBD has been outfitted with an intercept center for staff to oversee inbound and outbound packages. It's a first for Houston, says Insignia/ESG. A similar move is possible at Eldridge Place.