HOUSTON-A local private investor lands a five-year loan with a 5.76% fixed-rate interest for the fully leased West Little York Mini Storage. The LaSalle Bank-funded deal, with a 68% LTV, amortizes over a 25-year period.
HOUSTON-Two Texas investors pick up empty Wal-Mart buildings in Alvin near Houston and Lufkin, about 100 miles to the southeast, as part of a triple trade by a local CBRE team, which also hawked a Tennessee box.
HOUSTON-The locally based energy consultant buys a 19,384-sf office building from Methodist Hospital, which brought the Greenway Plaza property to market for $1.6 million after taking over the operations of its 16-year owner.
THE WOODLANDS, TX-The 460-unit US Storage Rental Spaces lands a seven-year loan with a sub-6% fixed-rate interest from Aegon USA Realty Advisors. The refi replaces construction financing from a local bank.
HOUSTON-Evans & Kosut jumps from Greenspoint to the FM 1960 submarket, taking a 4,205-sf office for the long term in a class B office building tapped for proximity to Interstate 45.
HOUSTON-Six months after opening its first store in Houston, the Burnsville, MN-based Northern Tool & Equipment Co. games out a plan for nine more within a year. Three locations, including a build-to-suit, are locked down with 10-year leases.
HOUSTON-Diamond Triumph Auto Glass will move into a centralized location at month's end, teaming leased warehouse space on the north and south sides of the city. The firm's tapped 7,500 sf in the North Freeway Business Center.
HOUSTON-The International Facility Management Association and European Facility Management Network seal a plan to produce one annual, significant conference abroad. The collaboration has been 18 months in the making.
HOUSTON-The Lynd Cos. and GE Capital put the high offer on the table for the 174-unit Boardwalk apartments at 9100 Fondren Rd. The partnership assumes a $5.9-million loan and floats a second mortgage to win a holding with a cap rate exceeding 8%.
HOUSTON-The local REIT settles into 11,063 sf on the 10th floor of 8 Greenway Plaza, moving up two floors with a five-year lease for its 18-year headquarters address. The broker's rep says a below-market deal and large TI allowance made the close.