TOMBALL, TX-A local family trust hawks 4.8 acres, the final tract in a 36-acre parcel, to a neighbor for close to the $2.75 per sf ask. The acquisition opens the door to expand a mini-storage business, build some retail and get direct access to the main road.
HOUSTON-After months of looking Citgo Petroleum picks its new, class A headquarters address, 1293 Eldridge Parkway. With the news out, insiders are ready to discuss some details. The master leaseholder, AspenTech, must vacate by the end of July, a source says.
LEAGUE CITY, TX-New York Yankees third baseman, Alex Rodriguez, and partner, Jerry Glauser, buy six acres at Wesley Drive and Interstate 45. Sources say the partnership has paid more than $1 million for the hard corner for a Mercedes-Benz dealership.
HOUSTON-The Springfield, MO-based auto parts supplier gets 4.3 acres adjacent to its 153,345-sf distribution center at 8601 Tavenor Lane in the southwest sector. The land will be used for additional parking, the broker says.
HOUSTON-Bridgewood Corp., tackling the first project in its homeport, will raze a 145-bed assisted living facility--closed four years ago--and build out the three acres at 1600 Augusta Dr. with a 200-unit development for active seniors.
SUGAR LAND, TX-Classic Lighting Inc. antes up close to $1.4 million for a 47,000-sf office/warehouse at 140 Industrial Dr. in the Sugar Land Business Park. Comerica Bank of Texas is the seller.
HOUSTON-Object Reservoir moves from a 1,328-sf sublease to a 6,307-sf direct lease in Kirkwood Atrium II, signing a medium-term lease to expand the sales and customer service office.
HOUSTON-Weingarten's latest shopping spree turns deeds to 715,800 sf of retail space in three states and 72,000 sf of industrial product. The multiple transactions include buyouts of two joint venture partners.
HOUSTON-The new owner, Midway Cos., is planning a mixed-use redevelopment now that the off-market sale's been closed. The remaining tenants, save for Neiman Marcus, have 60 days to move.
HOUSTON-Houstech picks up a 21-year-old industrial building on a half-acre tract at 800 Sam Houston Parkway in the southwest submarket. The electronics maker closes the deal just as the lone tenant stages a planned exit.