AUSTIN-Schlotzsky's will build a 5,600-sf store on a 62,000-sf pad site while Image Sculptors signs for 2,696 sf. Delivering in three phases, Tech Ridge Center eventually will add 600,000 sf of retail, 500,000 sf of office and hotel properties to the region.
SAN ANTONIO-South Texas Money Management is sliding into 6,000 sf for 100 W. Olmos Dr., an 18,000-sf office building on the CBD's outskirts. With the new lease, the building is 85% occupied.
AUSTIN-Amil International Insurance Co. is weighing whether to build or buy. Until a plan is in hand, the health-care insurance provider is staying put in 15,490 sf in the north submarket.
ROUND ROCK, TX-Sansone Group of St. Louis antes up more than the asking price for the two-year-old shopping center that launched the retail component to the 328-acre development. It's the joint venture seller's sixth sale this year.
SAN ANTONIO-The cafeteria-style restaurant chain has made changes to offset the losses, but still comes up short in balancing the books. Luby's first-quarter count is still in the red by $3.1 million. A year ago, the loss was $8 million.
SAN ANTONIO-The new owner gets the 96%-occupied Iron Horse Apartments on 18.3 acres in a submarket where vacancy is low and projected to go lower in 2003 when the US Army South Command sets up shop at Fort Sam Houston.
WACO, TX-Wal-Mart unveils plans to break ground in the spring on a 202,000-sf returns processing center to service five states. Just like the 305,000-sf project for Tractor Supply, Wal-Mart has picked a spot in Waco's 1,800-acre industrial park.
SAN ANTONIO-Buyer Sunbelt Mill Supply will occupy 22,000 sf of the 30,175-sf building, which came with a tenant for the balance. The seller put the holding on the market after he sold his furniture business.
SAN ANTONIO-Desert Glory, producer of NatureSweet tomatoes, takes an entire 9,000-sf building along Capital Port Drive. The five-year lease, with a five-year option, caps a yearlong search for a larger office.
AUSTIN-National Instruments opens a 379,000-sf research and development center on a 72-acre campus in the northwest submarket. The fallout is 80,000 sf of empty office space in the firm's 125,000-sf building at Bridgepoint.