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PHOENIX-A three-year tenant, housed in 2,800 sf, pushes its lease to 5,713 sf of class A space in a five-year contract for the West Dunlap Avenue building. Metropolitan Life Inusrance owns the 132,500-sf structure.
HOUSTON-Investors scouting the market will have ample selection, with thousands more units coming up for sale. The reason, says a Hendricks & Partners' Houston exec, is it's a good buying season.
HOUSTON-The Houston firm of Kasowitz, Benson, Torres & Friedman adds 5,202 sf to its lease at 700 Louisiana. The law firm will be occupying 30,223 sf in a CBD office tower that's now 98% leased.
HOUSTON-Investors scouting the market will have ample selection, with thousands more units coming up for sale. The reason, says a Hendricks & Partners' Houston exec, is it's a good buying season.
ALBUQUERQUE-The city's multifamily market is sure to pick up steam as Sandia National Laboratories forges ahead on high-tech spin-offs. The end result, say the experts, is that Albuquerque's growth could rival the heyday of the Silicon Valley.
HOUSTON-The veteran distributor of industrial supplies pulls out of three buildings on the east side of town and heads to the bustling northwest corridor. Corporate headquarters also will shift to 7301 Pinemont Dr.
PHOENIX-Aaron Rents signs a six-year pact, valued at $1.8 million over its term for 212 S. 37th Ave. in Southwest Phoenix. The Atlanta-based retailer will use the location for its stores in the Southwest and Northwest US.
PHOENIX-Sundrella Casual Furniture acquires an aluminum casting supplier in a plan to add to its inventory and boost take-home pays for both operations. The sale nets a 10,000-sf building and about one acre in the central submarket.
HOUSTON-Royal Window Coverings relocates its customer service and admin team from a 500,000-sf manufacturing site in Houston's northwest submarket. The division stays in the same submarket, but heads into a 19,221-sf traditional office.
PHOENIX-The millwork specialist has moved into 7,800 sf at the Thomas Road property, taking the 25,000-sf industrial property to full occupancy. Presson Equity Partners is the owner of the 17-year-old structure.