The British Prep School signed a five-year lease for a 5,600-sf end cap, now being finished out, to become the new anchor for a center on the road to repositioning, Shawn Ackerman with Dallas-based Henry S. Miller Commercial's Houston office, tells GlobeSt.com. He says the six-year-old center, with a quoted rate of $18 per sf, is undergoing a reshuffling of the tenant mix.
The renewals came from Olim & Associates, a dental group in 2,800 sf, and Cinco Nails, which fills 1,000 sf. Both signed five-year leases, according to Ackerman who along with Jason Gaines in the brokerage house's local office, handled the negotiations.
Green Trails Plaza Ltd. of Midland, TX, owns the asset, which has 3,750 open in two spaces. Ackerman says the spaces have attracted tenants, who are now reviewing the deal.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
