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BAYTOWN, TX-Under the contract, CRIC Capital will develop the 175,000-sf warehouse on Bayer's 280-acre Baytown campus and then lease it back to the pharmaceuticals giant. Delivery is anticipated in Q1 2003.
HOUSTON-Campbell Property Services will break ground in a couple months in what is believed to be an under-retailed submarket. There are no committed tenants, but the firm is wooing national credit tenants for the project.
HOUSTON-Keais Records Service goes from 806 Main into 1010 Lamar with the lease completion between NAI Partners Commercial and PM Realty, the brokerage team for the Koll Bren Schreiber high-rise.
HOUSTON-The developer-investor acquires Venture Tech II and Venture Tech III, Woodlands' office buildings valued at $2.3 million and $5.1 million, respectively. A back-to-back closing puts four acres in hand for a 29,000-sf retail project.
PHOENIX-American Express will relocate its travel services group into a 10,500-sf office vacated about nine months ago by its financial services. The office opens Nov. 1, a deal that boosts occupancy to 85% at the 269,000-sf structure.
PHOENIX-The Memphis-based operator takes 11,028 sf in the four-year-old, 160,000-sf medical complex. A prime consideration in the site selection was being able to neighbor one of its leading surgical associates.
TEMPE, AZ-Tempe Honda gets a three-acre expansion site for $1.5 million in the 81-acre Tempe Autoplex. With the sale, there are just eight acres remaining in the SunCor Development that got under way in 1987.
MONTGOMERY, TX-The office component is 75% pre-leased while the underground bunker, being converted for high-security data use, is 60% taken. Move-in to both components could begin in three months.
HOUSTON-Corbett Personnel Services lines up 3,821 sf at 3100 S. Gessner and Moody & Overstreet are in for 3,534 sf at Millennium Tower at 10375 Richmond Ave. One deal pushes the building's occupancy to 58% and the other to 78%.
PHOENIX-Marty McFarland leaves Las Vegas and comes to Phoenix to oversee global services. The position has been vacant for some time. The 18-year professional joined Trammell Crow in 1998.