CLEAR LAKE, TX-The 10-year tenant at 555 Gemini Ave. re-ups 85,809 sf and rolls in the 39,000-sf balance vacated six months ago. Signing a five-year master lease, Lockheed Martin's space need drives build-out within 30 days and an immediate move-in.

CLEAR LAKE, TX-ExxonMobil has sold 23 acres at the southwest corner of Clear Lake City Boulevard and Texas 3 to Wile Interests after two years of negotiating for the prime land. The buyer's working on a master site plan to leverage resale as pad sites.

HOUSTON-Triangle Entertainment gets title to a new 20,060-sf office/warehouse at 11801 S. Sam Houston Parkway West, paying close to the seller's asking price. The project sits on land bought a year ago by quartet of NAI Partners Commercial brokers.

HOUSTON-Barton Smith, a leading local economist, tells 1,000 business leaders that job growth and construction restraint will rescue the office market in two to four years, but the outlook's grim for the multifamily sector for a long time to come.

HOUSTON-Urban Midtown buys a class C office building at 610 Gray St. from Old Republic Exchange Facilitator Co. The seller will turn around proceeds in a 1031 Exchange for a retail property; the buyer will plant one of its businesses at the address.

HOUSTON-Flex-Bright Inc. has inked a renewal for a 6,705-sf industrial building at 305 McFarland Road. The tenant, in place for three years, adds metal coatings to industrial products for a nearby Baker Hughes facility.

HOUSTON-Triple Net Properties picks up the class A office building from Goddard Investment Group, paying $80 per sf to $85 per sf for the deed, sources say. The 90%-leased asset's top tenant is the US Customs Service.

HOUSTON-AEX Convention Services of New Jersey will set up shop in a 33,560-sf building at 5544 Armour Dr. The takeover date, June 1, triggers a 5.5-year lease for a company specializing in trade show build-outs.