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Two Retail Leases Close Off 8,875 SF

HOUSTON-Triyar Management of Texas is pushing fully occupancy at Deerbrook Plaza, thanks to just-signed leases with Jack's Carpet and Rockin' Baha. The carpet company takes 4,000 sf in an expansion and Rockin' Baha's 4,875-sf deal represents a market entry.

By Amy Wolff Sorter | Updated on August 22, 2005

HOUSTON-The locally based Triyar Management of Texas is pushing 99% occupancy in its 219,481-sf Deerbrook Plaza with the addition of two new tenants and a soon-to-be-signed deal for a third one.

Rockin’ Baha leased 4,875 sf and Jack’s Carpet Inc., took 4,000 sf in the shopping center, located at 9717 FM 1960. L. Ace Schlameus, vice president of the Houston office of Grubb & Ellis Co., says a lease for a third tenant, a high-profile regional company, is currently under negotiation.

Schlameus, who represents Triyar, tells GlobeSt.com that the both leases have five-year terms. End-cap rates are quoted, on average, at $1.70 per sf. He adds Jack’s Carpet took the space as is while some upgrades to the Rockin’ Baha space were required.

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