HOUSTON-Betz Cos. gets its hands on one of the last undeveloped land sites near the busy intersection of Beltway 8 and Texas 249. The plan is to subdivide the land and resell it for office, retail or office/warehouse use.
HOUSTON-The Dallas-based retailer signs for a 5,000-sf building along Interstate 45 North, just south of the Woodlands, in a submarket that has been labeled as underserved by the bedding giant.
HOUSTON-Venterra Partners bests 10 others chasing a class B portfolio tagged for sale at $24.1 million. The sales strategy teams two properties in good condition and one in need of repair. Occupancy, though, surpasses 92% across the board.
HOUSTON-Behringer Harvard Funds acquires the Enclave on the Lake, a 171,091-sf suburban office building in the Energy Corridor. The price per sf is one of the highest paid for a suburban building in the region's history.
HOUSTON-The Greenwillow Center in the northwest submarket goes to an investment group comprised of three family trusts from San Francisco, which pays close to the $1.7-million asking price for the fully leased property.
HOUSTON-Longtime holder RCA Holdings decides to part with half of its multifamily properties. A portfolio buyer would have to assume $128.4 million in debt, with an average 7% interest rate and April 2011 maturity. The sweet spot is occupancies from 90% to 95%.
HOUSTON-A local developer takes control of the northeast corner of Cullen Boulevard and Sam Houston Parkway East that came to market with a $4.50 per sf price tag. The land abuts 53 acres recently sold to a homebuilder.
LEAGUE CITY, TX-Bank of America and Wells Fargo lock in 20-year ground leases for pad sites in the Bay Colony Town Center while 14,500 sf of inline space is reserved by a medical group, hair and tanning salons and a franchise sub shop.
HOUSTON-The 100,170-sf Edgebrook Plaza brings close to the $6.2-million asking price from a first time Houston buyer, who's turning around proceeds from a 1031 Exchange in California and a seller making a one-off disposition.
HOUSTON-The locally based Dollar Land Stores Inc. crafts a four-year lease for 14,721 sf of office/warehouse space, the last opening in the Beltway Service Center. The inbound tenant is planning a July 1 move-in.