The Intec deal involves restacking and renovations in excess of$2 million, kicked in by both sides. Renovations are scheduled forcompletion by July.

Thomas Properties, in a joint venture with the Sacramento-basedCalSTRS, picked up the 194,801-sf Intercontinental Center at 15600John F. Kennedy Blvd. in last summer's 2.5-million-sf officeportfolio buy of Houston properties. The international leader ofdesigns for production and pipeline systems for energy companieshas had its headquarters in Intercontinental Center since January1995.

"Keeping Intec was absolutely critical to this acquisition,"says Chip Colvill of Houston's Colvill Office Properties who, inconjunction with David Baker of locally based TranswesternCommercial Services handled the deal for Thomas. Steve Hesse, ClareFlesher and Mark Pillsbury with CB Richard Ellis' Houston officerepresented Intec.