HOUSTON-Buying under the name of Transconsortio LLC, the local family intends to have a hands-on approach with the 80%-leased Park Plaza II. The sale is part of New Plan Excel's disposition plan to rid the portfolio of small properties.

HOUSTON-The homebuilder re-ups a 5,522-sf lease and rolls in another 2,263 sf in a long-term signing for 10555 Richmond Ave. A building tenant for four years, Imperial Homes moves into the extra space in November.

HOUSTON-Sterling Chemicals will exit 1200 Smith St. for a 14,717-sf office in Three Allen Center in a long-term lease penned with Trizec Properties. The tenant will move into the class A office space in first quarter 2004.

HOUSTON-The store will open in 9,000 sf of a 16,000-sf anchor spot that's being converted from single-tenant use to multi-tenant. The Bombay Co./Bombay for Kids stakes the first claim to the former Rice Epicurean Market.

SILSBEE, TX-Molpus Woodlands Group secures the deed with $257 million in cash and the balance in installments for an institutional client, which is eyeing a hold of 15 years or longer. For seller Louisiana-Pacific, the transaction completes a 935,000-acre disposition.

HOUSTON-A local investor spends about $900,000 apiece for a pair of mini-storage properties. The seller, KM Income Properties of Los Angeles, receives a return in excess of 18% on the investment after a seven-year hold.

HOUSTON-Trimark Realty Investments takes over the 328-unit Hartford Park complex by placing a bid before the due date to clear competitors from the field. The new owner will put $2,500 per unit into the 93%-leased complex.

HOUSTON-Desktop Digital Printing holds firm to 6,338 sf while a group of attorneys renew a 2,723-sf office. Both offices are in class B buildings in the Galleria submarket, where signed leases are in high demand.