HOUSTON-Titan Real Estate Investments gets fired up about seismic technology company, Input/Output Inc., and buys its three-building world headquarters. The tech company's lease for the 280,556 sf of office and R&D space runs until 2013.
PHOENIX-One of the last industrial lots in Happy Valley Commerce Park trades to a local shifter kart racer. BEKA III LLC drops $517,790 for a 51,779-sf industrial lot to house a 12,000-sf facility.
SUN CITY, AZ-Despite its age and large tenant base, Sun City Professional Building garners 10 offers. After falling out of escrow one time, the 15,788-sf, class C office building trades for $1.4 million at an 8.7% cap rate to a SoCal investor.
HOUSTON-Beating a rate not seen since 1998, second quarter absorption gets its boost from Wal-Mart's four-million-sf distribution center in Cedar Crossing Business Park. Pull Wal-Mart from the total and it's still a good reading, says a local researcher.
HOUSTON-The local agency pledges to stay another 10 years as the lead tenant in an 88,000-sf office building after a lengthy market search and a few fallen-out purchases. A TI allowance and expansion rights for the rest of class B space sweeten the deal.
TEMPE, AZ-The Des Moines-based insurance company takes control of Fountainhead Corporate Park in an off-market transaction with AmberJack Ltd. The buyer gets seven office buildings of class A and B space and 40 acres of developable land.
TEMPE, AZ-The Des Moines-based insurance company takes control of Fountainhead Corporate Park in an off-market transaction with AmberJack Ltd. The buyer gets seven office buildings of class A and B space and 40 acres of developable land.
CHANNELVIEW,TX-A company that transports tank trucks, Groendyke Transport Inc., outgrows its existing facility and decides to build out an adjacent 10-acre tract. The tilt-wall building will deliver in October.