HOUSTON-Williams Cos. downsizes to 217,595 sf with a renewal of class A office space in the Galleria submarket. The pact goes into effect in April. The Hines team already is talking with backfill prospects, including another Williams group.
HOUSTON-The $45 per sf price for Enron's 1.3 million sf is "very rich pricing" for an empty building and one with no parking facility to call its own but rather a lease with a $3.5-million annual tab, a source says. Nonetheless, townsfolk are glad the deal's done.
HOUSTON-The new leadership quietly takes over next week amid plans for a Jan. 6 ceremony before the 600-member chapter. Lynn Kelleher of Navisys Group replaces Lisa A. Hensley of Lincoln Property Co. as president.
HOUSTON-Sources say a private local investor has won the 1.3-million-sf CBD prize although the deal-makers aren't talking. Not only is bankruptcy approval needed, but the county is chasing $4 million in unpaid taxes for another Enron office property.
HOUSTON-The Floor and Decor Outlets of America hones in on a 109,000-sf building, once home to Sam's Club, along North Freeway. The Atlanta-based discounter signs a long-term lease and then starts checking out the southwestern sector.
THE WOODLANDS, TX-The grocer acquires 19245 David Memorial Dr. for its southwest marketing division from Dallas-based Today Realty Advisors, which carves the shell-form structure from a 14.5-acre tract.
HOUSTON-The distributor exercises a purchase option at a leased site, 6666 Mykawa Rd., that it took over in August after the asset came to market--for lease or sale--when its lone tenant moved out. The asking price was $4.5 million.
THE WOODLANDS, TX-The Town Center Improvement District team will relocate in mid-January to a 10,449-sf office in Waterway Plaza II, signing a long-term lease for 35% more space. The final decision was six months in the making.
HOUSTON-The locally based Bruce B. Dice Foundation pays cash for a 19-year-old office building with a $1.1-million asking price. The plan is to backfill some empty space with one of the buyer's non-profit organizations.
HOUSTON-Cadeco Industries gets an option to take over the entire 250,000-sf warehouse as the impetus to sign a medium-term lease at 350-400 Portwall St., says the tenant's broker.