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Key elements of the Houston Center renovation will include a new arrival experience through a reimagined central plaza and green space along McKinney Street to offer a seamless connection to the street.
All signs point to significantly more flex space in up-and-coming Austin and others in between as JLL's Markets to Watch in 2019 reveals the top 10 US markets poised for rapid growth this year.
The Edmonton, Canada-based firm inked a lease for 46,668 square feet of space at the building owned by Nordblom Co. and institutional investors advised by J.P. Morgan Asset Management.
The company had reported the sale of the 38 properties was valued at an aggregate purchase price of $385.0 million. The amended portfolio sale of 28 properties is now valued at approximately $282.5 million.
As Cody Cannon joins Colliers International Group Inc. as executive managing director/market leader in Greater Los Angeles, he reflects on what to watch this year, pointing out there is room to run before the market truly softens.
Etkin Johnson acquired the 19 properties, which range in size from 26,078 square feet to 293,510 square feet, between 1990 and 1998. The portfolio was 93% leased at the time of the sale.