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HOUSTON-Delta General Agency, a tenant at Loop Central Three, adds 2,671 sf to its lease to take the bottom line to 17,844 sf in the Southwest Freeway office building. The 197,643-sf structure is 87% leased.
HOUSTON-CNC Investments of Houston acquires the 280-unit complex in the far west submarket from Texas Apartment Investors, an affiliate of Denver-based AIMCO. A rehab is in the works for the class B holding.
HOUSTON-Evans-Hamilton will be moving the team from 7214 Kirkwood to flex space at 11321 Richmond, part of the Westchase Corporate Park in a deal structured between PS Business Parks and Grubb & Ellis brokers.
HOUSTON-Come May 1, Expro American will set up shop in Proterra Properties' two-building Northwest 8 Houston Business Park. The long-term lease nudges park occupancy to 40% and takes the one building to 67% filled.
HOUSTON-The Iglesia Pentecostas Elfeso will use the 4,000-sf showroom and two-story office for the main chapel as it sets about converting the 50-year-old address of Gateway Lumber for use by its congregation.
HOUSTON-A machine shop takes 6,200 sf of a 15,000-sf building at 1171A Brittmoore Rd. while a telecommunications firm stakes a claim to 3,450 sf at 1424 W. Sam Houston Parkway, a 35,176-sf industrial building.
HOUSTON-Prosperity Bancshares in Houston hopes for a second-quarter closing on the purchase from Chicago-based MB Financial. The Houston bank is marking its second North Texas purchase in two years in a plan to increase its footprint in the state.
HOUSTON-An 88,000-sf warehouse on the east side of Houston lands a trucking company while an art frame supplier signs for 5,286 sf on the south side. One building owner is PAC Realty Trust and the other, Vantage Cos. Houston.
HOUSTON-UMRA Associates takes 6,782 sf in a suburban office building at 12000 Richmond Ave., a 66%-occupied, 72,695-sf building owned by Zenith Real Estate. The new tenant collates general consumer and medical research.
HOUSTON-The fourth-quarter calculations show Houston has fared better than most cities, but 2003 could be a different story. The CBD, riding at 14.3%, could see its overall vacancy climb closer to 20%.