HOUSTON-TD Williamson Inc., a pipeline inspection and repair firm, takes the lion's share of VT Controls office/warehouse space at World Houston International Business Center. Aggressive bargaining closes off the three-year balance on the term.
HOUSTON-Big Dog Motorcycles Houston works out a $4.4-million sale of its two-year-old dealership along Westheimer Road. The L.A. buyer gets a 15-year tenant with a triple-net, master lease.
HOUSTON-A Long Island, NY partnership buys a San Antonio investment group's 80,000-sf Jensen Square, an 80%-leased property with its anchor still undecided if it's going to renew a footprint for 20% of the retail space.
HOUSTON-After looking for a year, the eight-year tenant commits for the long term in a straight-up renewal to keep nine floors of class A office space filled in the 85%-leased Five Post Oak Park in the Galleria.
SUGAR LAND, TX-Local buyers, John S. Beeson and Ali Ebrahimi, outbid at least three others and close the purchase 45 days later with two letters of intent in hand for a shuttered Target at the junction of Texas 6 and Settlers Way.
HOUSTON-Buchalter Co. of Tuscaloosa, AL kicks off a second building wave in South Texas of Dollar General stores with a floating-rate, one-year loan from Hibernia Bank. The financing, along with 10 started last year, is leveraged by 10-year corporate leases.
HOUSTON-The energy giant will vacate the class A complex by year's end, shifting the team to one of its two owned office buildings in the CBD and sending out scouts for a sublease tenant for multiple leases, most with another 11 years left on the terms.
HOUSTON-The Houston Independent School District expects to decide by early June if Archon Group's top price and proposal gets a 24-acre parcel of prized real estate along Richmond Avenue in the Galleria.
HOUSTON-Process Control & Information Services, a maker of enclosures and instrument cabinets, commits to a medium-term lease for a 20,000-sf building in Bammel I Industrial Park, an 11-structure development with a 47 cents per sf gross rate.
HOUSTON-One Source Printing & Graphics accomplishes what other would-be buyers could not: getting title to an 8,560-sf industrial building being marketed as lease product. The new owner is planning a June move from a nearby leased site.