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HOUSTON-Newfield Exploration signs for another 20,350 sf at 363 North Belt, a 19-story office tower in the Greenspoint submarket. The signing should boost interest in the Lend Lease building that's on the market for $36 million.
PHOENIX-Lincoln Property Co. re-ups another large space taker for one of eight buildings acquired at the end of 2001. Lincoln's chief in Arizona says all leases due to expire have been renewed, holding firm to a 95% occupancy.
SCOTTSDALE, AZ-A 114,000-sf, Star of David-design building reaches a construction milestone at the Ina Levine campus in Scottsdale. The facility will house offices, classrooms and community center.
SALT LAKE CITY-A family trust from Washington is planning to sit down at the closing table for the 120,463-sf GE Capital Building in Taylorsville, UT. That same buyer just spent $4.5 million for a freestanding Walgreens in another Salt Lake City suburb.
HOUSTON-In all, more than 11,000 sf of office space is renewed by Vitas Healthcare of Texas and Engineering Construction Specialists. The winning building owners are Loop Central Three and Executive Plaza.
HOUSTON-A confidential source tells GlobeSt.com that Ford has signed a 10-year lease for part of a 644,000-sf distribution building at Alamo Crossing Commerce Center. More deals are imminent, the insider confides.
HOUSTON-Pro-Tech Laundry Systems signs for 7,500 sf of showroom and warehouse space at Houston's Astro Business Center along Knight Road. A broker on the deal says the firm relocated to be closer to its clients.
HOUSTON-The city is in the most enviable position of all Texas metropolises. Industrial vacancy for the first quarter measures just 8.2%. Even more impressive is the absorption of 652,353 sf despite two million sf of delivery.
PHOENIX-Superior Hardwoods will be relocating into an EastGroup Properties warehouse that's now 73% occupied. The incoming tenant has signed a $1-million pact for 56,000 sf at 616 S. 55th Ave.
HOUSTON-New owner Sterling American has slid in a new property manager and is fine-tuning renovation plans for the complex at 9301 Dairy View Lane in Houston. Repositioning is in order since rent averages just $542 per month.