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STAFFORD, TX-Deciding its business offers higher returns now than real estate, RTRON sells its 13.85-acre, 145,120-sf corporate headquarters and manufacturing facility here to NL Ventures IV, then leases it back for 15 years.
HOUSTON-On the heels of signing on 11,019 sf in new leases, the Beltway Service Center projects in the southwest submarket have secured a substantial renewal and landed another new tenant.
HOUSTON-With more than 6 million sf of space coming online in the CBD over the next 18 months, many are wondering if there will be takers for the space or if building owners will need to begin looking at rate drops.
PHOENIX-The firm, which has already moved in, is using the space as the general office for their medical claims and consulting business. The term of the lease is three years.
HOUSTON-With more than 6 million sf of space coming online in the CBD over the next 18 months, many are wondering if there will be takers for the space or if building owners will need to begin looking at rate drops.
PHOENIX-TFG Partners has purchased a property with a small bank branch building on it. At the time of the purchase, the buyers were able to lock Compass bank into a 20-year lease at the building.
GLENDALE, AZ-The 41,235-sf Gilbert & Houston Plaza in Gilbert has been sold for approximately $4.5 million. This is the second shopping center of similar value to close in the last few weeks.
HOUSTON-The Lodge at Kingwood, a three-year-old, 312-unit apartment community in the suburban neighborhood of Kingwood, gets $14.1 million in refinancing from Nationwide Life Insurance. The mortgage is a three-year adjustable-rate loan.
HOUSTON-Chesterfield's Restaurant is reopening at 1010 Lamar St. after Tropical Storm Allison flooded out the 30-year-old business last year. The restaurant chooses a Koll Bren Schreiber Realty Adivsors building.
MESA, AZ-Metropolitan Life Insurance is expanding its presence at the Financial Plaza building in Mesa. The firm has signed a six-year deal for 12,907 sf that is valued at nearly $2 million.