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Construction is underway on a 47-story 1-million-square-foot office tower on the 800 block of Texas Avenue, the former site of the Houston Chronicle, and the building will open in late 2021.
BTI also reports it has obtained a $12-million loan secured by the 100-acre property from Florida Community Bank. A spokesman for BTI tells Globest.com that while the 100-acre parcel is on the market for sale, BTI still could possibly be involved in the development of the property.
Amazon's long-rumored entrée into the prescription business recently became a reality. It's clear that the real estate industry will soon find itself with a major drug problem.
Club Med Sales renewed its 13,005-square-foot lease at Waterford Atrium and expanded by an additional 2,680 square feet. The company now occupies 15,685 square feet at 6505 Waterford, where it houses its sales operations.
The market's diversity was on display during the quarter, as companies from various industries, including retail, manufacturing, life sciences, insurance and telecommunications, signed large office leases, say Transwestern's Matthew McDonough and Matthew Dolly.
Nokia signed a lease for 350,000 square feet in two buildings at The Sound at Cypress Waters: 100,000 square feet at 3100 Olympus Blvd. and 250,000 square feet at 3201 Olympus Blvd.