AUSTIN-Ologic relocates from within the Las Cimas complex in Austin's southwest submarket. The developer of storage networking equipment cuts a deal for sublease space on the market by Dell Computer.

SAN ANTONIO-The Memphis retailer has tapped 3,200 sf at 5563 De Zavala Rd. for its first San Antonio store and 31st in Texas. Dallas' Mohr Partners and Transwestern Commercial Services' San Antonio team work out the lease details.

AUSTIN-Cencor Realty signs Target to a 20-year ground lease after a year-long courtship on behalf of Capital Plaza. Work begins in the fourth quarter on a 126,300-sf store. But first, a vacant Montgomery Ward building will be razed.

AUSTIN-The city and Catellus remain locked in talks for a preliminary agreement on the redevelopment of the 709-acre Robert Mueller Municipal Airport. The pact could take as long as 18 months to be finalized.

AUSTIN-A San Diego company, SAIC, moved into 7,001 sf at 8303 MoPac while Waterloo Counseling Center takes over 2,800 sf at Fountain Park Plaza along Interstate 35. In both cases, they are direct leases.

SAN ANTONIO-The San Antonio brokers say the plan is to forego 1.3 million sf of leasing assignments so they can get back to their first love, tenant representation. The Bank of America Plaza simply was the first to go.

SAN ANTONIO-The 72-unit Broken Oak apartments at 1935 Broken Oak St. are bought by a California investment group in a 1031 Exchange. The deal closed 100 days after the Cranford, NJ seller put the property on the market.

AUSTIN-Occupancy is the highest in the state, cresting close to 95% and creating a market of stable rent across all classes. Meanwhile, more than one million sf is rising, most of it as pre-leased product.