DALLAS-Southwest Bindery signs the deal with EastGroup Properties as a result of "aggressive" negotiations that end in a 10-year contract. The inbound tenant exits 40,000 sf for the expansion move and state-of-the-art equipment.

MOUNT PROSPECT, IL-The Santa Clara, CA-based telecom company finds a buyer for its office and industrial space at 1800 W. Central Rd. in a partnership that includes former owner Don Shoemaker. Purchase price reportedly is $18 million.

AUSTIN-In all, 11,776 sf is spoken for in a submarket with a 17.5% vacancy. Celite Systems, which already occupies 11,156 sf, took another 3,476 sf from Sun Microsystems at Lakewood on the Park.

DALLAS-Cushman & Wakefield of Texas researchers say there are 483 sites available, of which 163 carry near-term expirations through January 2004. As for the rates, they are undercutting direct space rent anywhere from 28 cents per sf to as much as $4.69 per sf.