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HOUSTON-It's a done deal for the leasing agent at Loop Central One and an engineering firm looking to relocate from the Greenway Plaza/Buffalo Speedway area. The new office in the Galleria submarket presented some good opportunities, including the lease terms.
ANTHEM, AZ-The two retailers have picked spots in an under-construction center by San Diego-based Focus Group. Starbucks reserves a 1,600-spot while Pizza Hut taps 2,800 sf for the project at the corner of Anthem Way and Gavilian Peak Parkway.
PHOENIX-Parkway Properties and Viad Tower's San Francisco owner sit down at the closing table to finish a deal that started and then stalled in 2001. GlobeSt.com has independently confirmed the 485,000 sf of trophy product brought $58 million.
HOUSTON-The Ainbinder Co. gets its capital from G.E. Capital Real Estate in a 10-year loan with an 80% LTV. Grocer H-E-B occupies about 24,000 sf of the 48,209-sf center at the intersection of South Gessner and Bissonet streets in Houston.
HOUSTON-SSM Ltd. acquires about 63.4 acres in Southwest Houston, paying enough to satisfy the seller's two decades of overdue tax bills. The bills and the land's value were practically equal at sale time, says the attorney on the case.
HOUSTON-Lockard & White takes 6,510 sf in a 70,999-sf suburban office building near Compaq's campus. The multi-faceted international firm takes occupancy to 81.6% at 14511 Falling Creek, part of the Caldwell Watson portfolio.
TEMPE, AZ-The Agave Corporate Center gets two new tenants and two head into the Agave Executive Center. The long-term leases take the corporate center to 66% occupancy and the other center to 34%. A third component sits empty.
HOUSTON-William J. Byrd and John Strake Parsley climb the ladder from vice presidents for the Houston office of Colliers International. Byrd, a three-time NAIOP president, joined Colliers in 1997 and Parsley in 1999.
PHOENIX-Xeba Inc., a Phoenix operation, moves into Eastbank, a 66,367-sf flex building near Sky Harbor International Airport. The five-year lease is valued at $1.6 million over its term.
PHOENIX-The 72,072-sf Bryman School at 2250 W. Peoria Ave. in Phoenix is deeded to Scottsdale Property Management. The buyer is one of a growing breed of investors now favoring single-tenant properties over multi-tenant.