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HOUSTON-Insignia/ESG hires a director of construction services from the ranks of Senterra Corp. Jeff Stringer is on board to steer capital and TI projects for 4.5 million sf of Insignia-managed space in Houston.
HOUSTON-Endeavor Exploration readies for a move into 5,658 sf of office space in the city's fourth-largest suburban office market. The firm has sealed a deal for 363 North Belt, a 33,468-sf, 20-year-old building.
HOUSTON-In a stiff competition, AES NewEnergy becomes the preferred electricity provider for Texas BOMA members. Top-to-bottom reviews went into the decision. So far, at least 10 or 15 building owners join TrizecHahn in signing with AES NewEnergy.
HOUSTON-Westland Tech Center I in northwest Houston baits an 11,200-sf lease from Honeywell. The 61,600-sf, one-year-old building is part of a 420-acre development near the city's industrial distribution hub.
PASADENA, TX-Kimco Income REIT has the inside track on a 250,000-sf retail transaction in Pasadena. The owner of the 170,000-sf first phase now seals a deal for the second portion of Fairway Market Place. Phases three and four are under construction.
HOUSTON-Tony Patronella, a 23-year professional, gets promoted to vice president of the land division for Houston-based Southwest Realty Advisors. He plans to build just the right team to handle land transactions.
HOUSTON-Warehouse Associates breaks ground on the first leg to its second mixed-use park near the medical center. Developer David R. David holds options to buy the rest of the available 55 acres. In all, 900,000 sf of distribution and tech-flex space could result.
THE WOODLANDS, TX-Two down, two to go in the planned sale of four office buildings by Woodland Office Equities-95 Ltd. Patrick J. Kelly is the new owner of the fully occupied 59,952-sf Woodland Venture Tech V at 4200 Research Dr.
CLEAR LAKE, TX-Visionary Investors did what made sense to beef up its retail holdings in Clear Lake: buy the neighboring property. The 10,721-sf Blockbuster-anchored site was marketed at more than $1.7 million.
HOUSTON-A California-based outpatient dialysis business heads to Pin Oak Crossing shopping center while Sterling Capital Mortgage goes to Clear Lake City for its new office. The nationwide dialysis provider has 488 centers in the US.