HOUSTON-VeriCenter Inc. cherry picks four of 10 Sprint data centers for an acquisition that includes customer lists and 200 employees. The deal rolls 396,000 sf of leased space in Atlanta, Boston, Denver and Richardson's Telecom Corridor near Dallas.
HOUSTON-The ITT Technical Institute keeps one of three Houston campuses intact for the long term in the 60,000-sf Woodchase Building I, where it's been the lead tenant for more than five years.
HOUSTON-Industrial building owners should have better days ahead as the market slowly begins to edge their way, most likely this year. Grubb & Ellis forecasts lower vacancies and higher rents are coming in 12 to 18 months.
EDINBURG, TX-Based on comparables, the 99%-leased Heritage Square likely pulls 95% of the $7.1-million asking price. A half dozen would-be buyers place a bid on a Rio Grande Valley property with an average monthly rent of $458 per unit.
HOUSTON-Transco Federal Credit Union, headquartered in Williams Tower in the Galleria, acquires the site for a branch location in the northwest submarket. The buyer beats out at least three others for a one-acre asset priced at nearly $1.4 million.
HOUSTON-Gulf States Toyota takes 12,250 sf for five years and Walgreen commits to 10,800 sf for 66 months in the 62,000-sf Northwest Crossing Park, an office/flex development owned by Cadence McShane.
HOUSTON-Mail Processing Inc. commits for the long term to 15702 W. Hardy Rd., owned by Transwestern Commercial. The relocation search for newer operating space was concentrated on the north side of town.
HOUSTON-Hahnfeld Witmer Davis moves into 7,231 sf on the first floor of 1616 Voss Rd. to ride out the balance of Core Laboratories' commitment to the class A office building for space inherited in an acquisition.
THE WOODLANDS, TX-After a two-year hold, Anadarko Petroleum sells the class A office complex to Lionstone Group, a pension fund adviser on the tail end of a $220-million buying spree. As the backup buyer, the fund has seven days to close the deal.
HOUSTON-NextiraOne commits just two months before an eight-year sublease ends with the Williams Cos. for class A space housing the North American headquarters. The deal is a definite measure of relief with 600,000 sf to fill in the 1.5-million-sf high-rise.