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HOUSTON-Two deals close off medical office space, with the largest going to the Fort Bend Family Health Center in a service-area expansion. The 3,050-sf lease for a fifth clinic goes to a Harris County building in the southwest submarket.
STAFFORD, TX-Midway Cos. gets clearance from State Farm on a 10-year financing package, with a 25-year amortization, backed by a single-tenant, net lease with a 10-year term. The collateral is a 137,497-sf office/warehouse.
HOUSTON-Marking 20 years in the building, McDonald's renews for another seven years on a 17,934-sf office in the far northwest submarket. A West Side tenant also delivers an office deal, taking 5,777 sf in Norfolk Tower.
HOUSTON-The location at 15915 Katy Freeway also doubles as a disaster recovery center. The bank, one Mexico's largest, occupied the office space with a medium-term lease worked out by Colliers International and Transwestern brokers.
HOUSTON-Marking 20 years in the building, McDonald's renews for another seven years on a 17,934-sf office in the far northwest submarket. A West Side tenant also delivers an office deal, taking 5,777 sf in Norfolk Tower.
HOUSTON-Two tenants sign short-term renewals in the northwest submarket while they make long-term plans for their space needs. Both are subsidiaries of Stellar Event & Presentation Resources and both have had the addresses for at least five years.
HOUSTON-The plan calls for a community with 900 acres for multifamily and commercial development and the bulk to be built out with 17,000 single-family lots and infrastructure. Land sales could begin as early as 2005.
HOUSTON-Smith Seckman Reid adds another 6,815 sf to a long-term lease in the 11-story West 8 Tower in the Westchase submarket. The tenant commits for the long-term for the extra class A space, just as it did in 2001 for the original lease.
HOUSTON-Tait Electronics takes the lease to 10,000 sf at the Park Ten Business Center on the west side of town. The extra space makes up for a closed distribution center in Atlanta and some downsizing in its homeport of Toronto.
HOUSTON-Internacional Realty pays more than $13 million to Rreef for the 216-unit Seasons and just a bit less than that to Jenard Gross Investments for the 180-unit Savoy. The buyer is teaming with a 1031 Exchange syndicate to buy in Texas and Florida.