HOUSTON-Two years after it delivers, the 55,700-sf NorthBelt Office Center III gets the first tenant. The US Postal Service will relocate 183 employees in May or June from the downtown in a retreat from a 184,432-sf building at 1002 Washington Ave.

HOUSTON-Faison Capital Advisors retires debt assumed in the 2000 acquisition of the Concourse at Westway, a fully leased office building now acting as collateral for a $9.8-million loan with a 4.61% fixed-interest rate from Nationwide.

HOUSTON-Formed last year, Texas Equity Partners acquires the 93,828-sf Briar Forest Crossing in a direct deal with Amberjack Ltd. The class A holding was 46% leased at closing, but enough signed deals are now in hand to lift occupancy to 74%.

HOUSTON-The 6502 Rusk St. property's proximity to the Houston Ship Channel lands a taker after spending nearly a year on the market. By month's end, buyer Hellenic Marine Properties will move its World Chandlering International into the location.

HOUSTON-Engineering and design firm, IEC Inc., packages a five-year lease for a two-building complex in the northwest corridor. In the first year, the firm gets to occupy a 40,700-sf building and gets keys in the second to the 8,300-sf structure.

HOUSTON-After a yearlong search, Clear Channel signs a long-term lease for 2000 West Loop, a 357,000-sf high-rise with all the technological bells and whistles needed by the eight radio stations coming in from three locations in town.

HOUSTON-Listed at $54.1 million, the three-year-old project undoubtedly brought $45 million to $47 million, says one of the city's market watchers. The high-profile property, with construction financing coming to a close, was 94% leased at closing time.

HOUSTON-Wes Walters Realty grabs another property in town, getting the 90%-leased Commerce Park North and an extra 2.3 acres for future development. About $250,000 will go into upgrades.