PHOENIX-RWR Enterprises, with more deals in the pipeline, takes over the 80%-leased Metro Medical Plaza to mark its first purchase of the product type. With the deal closed, the buyer's focus shifts to a $300,000 repositioning plan.
HOUSTON-Working to keep up with the demand in North Houston, Liberty Property Trust is adding an eighth building to Central Green Business Park. Talks already are under way for a quarter of the $2.8-million project, which delivers in the fourth quarter.
HOUSTON-Richfield Hospitality Inc., marking its third contract this year in the metro, takes on the Sheraton Houston Brookhollow Hotel with a plan for a full renovation. The retooling, estimated to cost $4.5 million to $5 million, will be completed in Q1 2006.
PHOENIX-The medical supplier works out a deal to double its size, agreeing to pay more than $350,000 for office/warehouse space in Pinnacle Peak Commerceplex. The firm, getting to stay in the same general neighborhood, will shift locations in early 2006.
HOUSTON-Pegasus International, which just finished a July move-in, has inked a deal for additional class A space at One Eldridge Place, bringing the total leased by the energy company to 61,455 sf.
HOUSTON-Pegasus International, which just finished a July move-in, has inked a deal for additional class A space at One Eldridge Place, bringing the total leased by the energy company to 61,455 sf.
MESA, AZ-Seal Beach Associates of Camarillo, CA spends $16.67 million for the Village at Lindsay Park despite its encumbrance by a HUD loan with an 8.18% fixed-rate interest and three-year lock period.
MESA, AZ-Seal Beach Associates of Camarillo, CA spends $16.67 million for the Village at Lindsay Park despite its encumbrance by a HUD loan with an 8.18% fixed-rate interest and three-year lock period.
TEMPE, AZ- MicroAge will double its size with a move in early fall into 28,325 sf, taking over the as-is, flex office space with a five-year lease. The payout over the term is $1.78 million for the Hardy Drive location.
HOUSTON-Adams O'Connell Inc. of Los Angeles uses 1031 exchange funds and assumes a loan to acquire a fully leased, six-year-old office/warehouse along Pinemont Drive. The final price comes close to the $5.1-million ask.