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BOSTON-Shreve, Crump & Low moves its flagship store to 222 Berkeley St. The jewelry store will relocate this fall from 330 Boylston St. to space that was formerly occupied by FAO Schwarz at the corner of Berkeley and Boylston streets in the city's Back Bay.
KATY, TX-Hines has been hired by Tristar Holdings to develop a mixed-use plan on empty land at the junction of Pin Oak Road and Interstate 10, right across the highway from Katy Mills Mall. The master plan won't be done before 2005, at the earliest.
ITASCA, IL-Occupancy at One Pierce Place in the Chancellory office complex is 86% with First Midwest Bancorp, Inc. signing a 50,000-sf deal and US Cellular converting a sublease into a 42,100-sf direct lease.
HOUSTON-The tax consulting firm of Ryan & Co. pens a long-term lease for 22,263 sf to drive a relocation of 41 employees from Uptown Houston to Post Oak Boulevard. The firm will move next month.
WASHINGTON, DC-Tenancy is on the rise at 1800 M St., as the government commits to 55,000 sf at the 535,000-sf class B office tower where space is marketed in the upper $30 per-sf range. The lease agreement leaves the class B property 70% occupied.
HOUSTON-The size of the new office buildings has yet to be determined, but the first one breaks ground in the fall for a 2006 delivery. By 2007, a second building will be up and the 172,336-sf existing headquarters will be fully retooled.
BELLEVUE, WA-Principal Real Estate Investors of Iowa pays about $136.5 million for the 480,000-sf class A office development here that was developed and sold by Hines, which has been retained as property manager. The three-building complex is 95% leased.
ATLANTA-Bob Voyles, a fixture with Houston-based Hines for 16 years, is leaving the company's Southeast division July 31 to start Seven Oaks Development Co., a name he previously used with another company he operated in the mid-1990s.
JACKSONVILLE, FL-Locally based Mark One Realty outbid a dozen buyers for the 55,000-sf property that Allstate Life Insurance Co. had tried to sell conventionally for the past two years. Inland Real Estate Auctions of Oak Brook, IL orchestrated the transaction.
DALLAS-After a lengthy search for expansion space, Reddy Ice signs for a full floor at 8750 N. Central Expressway to take the class-A building to 52% occupancy. The move-in to 17,958 sf is planned for November.