EULESS, TX-A Stamford, CONN., corporation is moving its headquarters to Euless, TX, in continued efforts to streamline its operation. The staff relocation, including 25 executives, is expected to be complete by the end of September.
FT. WORTH-Crescent Real Estate Equities Co. is aligning with North America's largest commercial real estate firm, acquiring 10% interest in an innovative e-tailing operation catering to the office sector. Crescent is the first strategic partner in the e-tailers roll-out bid for US markets.
TEMPLE, TX-The Texas portfolio of Alabama-based Colonial Properties Trust just keeps growing, with the REIT buying a 575,000-sf mall in Temple, TX, near Waco. The Alabama-based REIT entered the Texas market just two years ago.
ROANOKE, TX-A Dallas developer signs Albertsons to anchor his newest venture, a 13.1-acre development in a rapidly growing community north of Dallas. With the deal, comes Albertsons' new strategy teaming a service station and garden center with its traditional grocery store offerings.
FT. WORTH-In a surprise move, the owner of Ft. Worth's prestigious 474,000-sf Bank One Tower has halted rehabilitation work from a March 28 tornado, terminated leases for three tenants and put the city's fifth tallest building up for sale.
FT. WORTH-The Cook Children's Physician Network goes from classroom to storefront, leasing 11,351 sf at a popular shopping center on the outskirts of Ft. Worth.
GRAND JUNCTION-Ricon Resins, which boasts 20% of its annual sales in overseas markets, is being taken over by Sartomer Co. of Exton, Pa. Sartomer is a subsidiary of TotalFina Elf, a French conglomerate considered to be one of the world's largest oil producers.
