HOUSTON-Eaton Electrical holds tight to 46,813 sf with a five-year renewal in a West Little York Road building while a startup trucking company signs a short-term lease for its first location, 8,204 sf in Beltway Service Center.
HOUSTON-Encon Safety Products seals the sale with a 10-year lease with renewal options to hold onto its 13-year address in the Northwest Point Business Park and end 10 months of negotiations with the buyer, GSL Investments.
THE WOODLANDS, TX-The Park at Research Forest, built two years ago, sells to JPMorgan Fleming Asset Management. The commingled fund buyer, with cash on the table, gets an 84%-leased development with ample upside.
HOUSTON-A new kid on the block, Twinrose Investments, buys its first property in town, a 125,621-sf office/warehouse building in Wallisville Business Park. The 30-year occupant, Briggs Equipment, signs a 10-year lease to stay in place.
HOUSTON-The Clinton Industrial Park hangs a "no vacancy sign" with two renewals, one of which includes an expansion. Masthead Hose & Supply signs a five-year lease and Bishop's Original Products re-ups for the short term.
HOUSTON-The real estate giant, now in a quiet period, is planning to bring a publicly registered, non-trading REIT to market to raise as much as $2.2 billion in equity, targeting small investors for the first time in its history.
HOUSTON-The 23,895-sf shopping center reaches the closing table after being under contract for nearly six months so the buyer could find a replacement property in its home state and exit Texas with the one-off sale.
HOUSTON-Baker Drywall of Dallas ends an eight-month search for an expansion site by acquiring the property from a Western Pennsylvania investor. The Railwood Industrial Park building was on the market for $900,000.
HOUSTON-Kaeser Compressors Inc. of Fredericksburg, VA, signs a medium-term lease for 5,335 sf in the Greenbriar North Business Park, which will be used for a sales and servicing location. Move-in takes place in the coming weeks.
HOUSTON-The Houston Association of Realtors and O'Connor & Associates pen a plan that brings together 8,000 office and industrial properties along with such invaluable information as eight years of historical performance.