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Fareri Associates president John Fareri tells Globest.com that the first phase of the project would involve the development of approximately 500,000 square feet of space, including an approximately 135-room hotel, biotechnology-medical and retail space.
Backed by experienced ownership and as one of the only historic office buildings in downtown Houston, Esperson presented lenders with a one-of-a-kind opportunity as lenders remain active in the market.
Class-A lease rates in the desirable micro-market have outperformed the rest of the I-5 Corridor submarket every quarter since 2014, prompting Meriwether to purchase Tigard Corporate Center.
Varidesk purchased the 424,000-square-foot three-story class-A former Zales headquarters with plans to rebrand the office concept for summer 2019 as Varispace Las Colinas located at 901 W. Walnut Hill Ln.
“The building has a strong first-class presence that would support their mission and satisfy their membership that the organization is good steward of the organization's resources."
Assets in Alameda are now priced roughly half that of trades in downtown Oakland just one mile away, which presented an attractive value proposition for investors in the purchase of Alameda Center.
Urban Visions' S campus, a new development to include five buildings totaling more than 1.2 million square feet of office and retail space, is one of the largest permitted office development sites ever.
The $88 million project is part of the Houston Independent School District's voter-approved 2012 bond program, which calls for the renovation or rebuilding of 40 schools including 29 high schools in the district.