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HOUSTON-The North American division of Paris-based Schneider Electric signs for 8,512 sf in a 65,760-sf structure at Clay Crossing Business Center. The lease puts the two-building center at full occupancy.
PRESCOTT, AZ-Kid Toys will open its doors in a 5,723-sf spot at the 154,000-sf outdoor village component to the 615,000-sf Prescott Gateway Mall. The retailer joins a tenant roster with Dillards, Barnes & Noble and Michaels.
TEMPE, AZ-Invesco Realty Advisors of Dallas gets within $1.5 million of its asking price for the class A Cityscape at Lakeshore in Tempe. Phoenix's Farnam Realty outbid 12 others for the 214-unit complex.
HOUSTON-The 576,974-sf 5 Houston Center's construction milestone comes as the city worries about office space fallout from Enron. Still, Crescent's leasing senior vice president is confident the state-of-the-art space will be a boon to the downtown.
SUGAR LAND, TX-Crestline Capital buys the majority interest in a 300-room Marriott, an integral part to a $200-million town square project. The hotel will deliver in fall 2003 in a public-private partnership of Crestline, Atlanta's Stormont and a city authority.
PHOENIX-Three leases, totaling 22,494 sf, close for business parks in Phoenix and Chandler. The bulk of the signed space goes to Revelations International, a giftware wholesaler heading to Lone Cactus Commerce Center.
TEMPE, AZ-The 88-unit Southbank is folded into the portfolio of Los Angeles-based Brookhill Corp., culminating an acquisition that never hit the market. The seller is the Eagle Children's Trust of Palo Alto, CA.
HOUSTON-The Galleria submarket's freeway project promises to make the high-demand area more accessible and reduce traffic congestion. Yesterday's project update assures benefits at the end of the road for the commercial real estate community.
TEMPE, AZ-Freed Appliance Distributors marks its inroad into the state with a 28,119-sf lease at Elliott Business Park in Tempe. The five-year lease, says an insider, is valued at $950,000 for the market newcomer.
ELKO, NV-The land's in hand and now the plan is to hire an architect and engineer for a multi-component senior housing development. About 413 acres are earmarked for commercial use and 322 acres for recreational venues. The lot count is 730.