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The four-story office building and adjacent surface parking area was completed in 2013 and is fully leased to global pharmaceutical company GlaxoSmithKline through 2028.
Fresh from its 10-year strategic plan (which it accomplished in nearly half that time), retail REIT RPAI is pivoting to value-add opportunities and optimizing asset performance.
A new park-centric multi-use development called Monarch City was recently introduced by the Howard Hughes Corporation and zoning is expected to begin this year on the community.
A developer would require an abatement to remain, expand, locate or redevelop in Houston, especially if the project is in a declining part of the city and results in strengthening of the local job and economy.
The Walker & Dunlop team has now closed three new South Florida apartment development transactions for HG Management, totaling nearly $350 million in sales volume.