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EDINBURG, TX-The 87,000-sf plant at 1920 Industrial Dr. in south Edinburg goes to Olympian Holdings of Carlsbad, CA. The factory, situated on 15.3 acres, closed a year ago after IEC consolidated into a 300,000-sf plant in Newark, NY.
HOUSTON COUNTY, TX-Louisiana-Pacific closes one deal and has three more large land sales ready to turn over in June in a 705,000-acre disposition that got under way about a year ago. The South Texas land is about 100 miles north of Houston.
HOUSTON-The Shidler Group makes the close on a seven-year lease within days of talks falling apart with another building owner. The North American Energy Standards Board will move in at the end of the month to 1301 Fannin St.
HOUSTON-Colliers International assigns Coy Davidson to the 136,000-sf leasing contract for the top four floors at the Decorative Center. The new agent's already signed his first tenant for the 60,000 sf of empty office space.
HOUSTON-The 1201 Louisiana passes the lender's table for the second refinancing since 2001. The San Francisco borrower gets a lower interest rate and more capital from the retooled five-year loan through Cigna Investments.
HOUSTON-The law firm of DeHay & Elliston has moved into about half of the 10,752-sf office at 3700 Buffalo Speedway in a signing for the two-year balance leased to CCNG, which sold most of its operation and then moved to Austin.
EDINBURG, TX-Merkafon Teleperformance, a French teleservices firm, will open a 464-workstation center in half of a shuttered grocery store. State and local agencies kick in perks, such as $500,000 for rent payments, for the seven-year commitment.
HOUSTON-Tenant VIM Inc. has shifted from inside the Loop to the city's North Side, a location that's closer to employees' homes and offers more warehouse space. The firm, in the process of moving in, inked a medium-term lease for 3,240 sf at 600 Kenrick.
HOUSTON-The 3815 Montrose, a renovated property southwest of the CBD, lands a 7,042-sf signing by Chicago's noted architectural firm, Perkins & Will, while a start-up competitor takes 3,612 sf. Both are medium-term leases.
HOUSTON-The Tennessee-based ShoLodge has sold its second hotel in the Houston area and is re-flagging the remaining three to GuestHouse International. A Texas investment group, with other area hotel holdings, buys the 115-room hotel near the Galleria.