HOUSTON-Collecting close to the $9.5-million asking price, a Betz Commercial-led partnership parts with the fully occupied Business Center at Park Ten, a three-building project with 115,200 sf on 7.4 acres.
BELLAIRE, TX-A cooperative of six group and family counselors moves into 3,428 sf in the Pin Oak Office Park, committing for seven years and becoming part of a growing number of tenants leaving the Medical Center, says the sole broker for the deal.
HOUSTON-The 512-unit A-Alamo Mini Storage at 7017 Almeda Road stands as collateral for a $3.6-million loan with a flexible pre-payable component, key to the deal between a Houston borrower and Southern National Bank of Texas.
MISSOURI CITY, TX-Martin Fein Interests sells the 117,779-sf Quail Valley to Phillips Edison, a value-add buyer who got a 20-year-old asset with a grocery anchor tied to a sublease. Still to sell are properties in Rosenberg and far west Houston.
HOUSTON-A&L Valve & Fitting buys the 8550 Hansen Road property and leases 60,000 sf back to the seller, Watts Regulator. The Southeast Houston asset was on the market 11 months for $2.2 million.
HOUSTON-Gerald D. Hines will make a rare public appearance to share insights and anecdotes from a fabled career, taking the floor as the keynote speaker at the 38th annual conference being held May 24-27 in Houston.
HOUSTON-TPMC Realty Corp. of Dallas hires Moody Rambin Interests for a lease-up push of Park Towers, a class A, 545,000-sf complex in the Galleria. Along with the assignment comes the charge of finding additional office product to buy in the metro.
HOUSTON-Interior Exterior Building Supply of New Orleans is settling into a 17,000-sf leased building at Northwinds Industrial Park. The inbound tenant signs for three years to test the waters in Texas.
HOUSTON-Brad Bailey in gets the new job for his homeport in Houston as well as Austin and San Antonio. His top priority will be to beef up the team in a three-city hiring spree of 24 brokers.
HOUSTON-An Asian restaurateur opens in a 1,300-sf spot at Beechcrest Shopping Center and a driving school, Speed Demon, takes 900 sf at Village Green. The new tenants commit for five years.