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HOUSTON-Another eight acres will be acquired in the next 30 days as Granite Properties and Verde Development push ahead on second-phase plans at Barbour's Cut Business Park, now that the 178,000-sf, under-construction first phase is fully leased.
SUGAR LAND, TX-Buyer Tramontina, which makes household goods, spends close to $9.8 million for a fully air-conditioned warehouse, which was on the market about a year. The size and AC amenity limited the list of potential buyers.
HOUSTON-The shipper stays put in the wake of merger talks, signing short-term pacts for industrial buildings in the northwest and far southeast submarkets. The shipper shopped, but then the talks began with DHL.
BROWNSVILLE, TX-CBL & Associates assume $40 million in debt to acquire the 740,000-sf Sunrise Mall and 225,000-sf Sunrise Commons shopping center from a joint venture of Dillard's and Dallas' MGHerring Group.
STAFFORD, TX-A Northeastern US joint venture assumes a loan and takes out a second mortgage to buy the Reserve at the Fountains from its developer, Trammell Crow Residential. A local expert says it likely sold for $25 million to $27 million.
HOUSTON-A CBD tenant relocates from one Fannin Street office building to another. The end result is 13,997 sf at Crescent's 2 Houston Center. In the northwest corridor, realtor Keller Williams renews and expands for a total 6,447 sf.
HOUSTON-Dealer Direct quadruples its industrial space in a relocation from North Houston to the northwest. The firm signed a mid-term lease for ProLogis' Perimeter Park, taking a spot in the larger of the two buildings.
HOUSTON-An executive suites operator re-ups 9,449 sf, again for the long term, to hold onto a 15-year location in the NASA/Clear Lake submarket. A DNA identification firm signs for 7,314 sf in the southwest submarket.
HOUSTON-After two years on the market, the 11918 Adel Rd. property passes from Houston Properties of California to N&S Construction Co., which will be relocating from the nearby town of Spring.
SUGAR LAND, TX-A Sugar Land resident finds an 11,400-sf building close to home to serve as a sales and marketing location for a cookware distribution business. The buyer gets 2.5 acres in the 1,000-acre Sugar Land Business Park.