Leasing

Visa is the first commercial tenant of Phase 1 of Mission Rock, and the firm says it is important to have an office environment that encourages collaboration, inspires creativity and reflects its stature as a world-class brand.

While there is still a significant amount of new office space available, discussions surrounding hiring in West Houston upstream operations have been welcomed as one-third of energy jobs have returned.

The funding will allow Channellock to build a 35,000-square-foot addition to the company's existing 64,427-square-foot manufacturing facility in Meadville.

Blue Cross Blue Shield is repurposing the shuttered nearly 130,000-square-foot Marshfield Plaza Target store that closed earlier this year.

One of the latest tenants at the property is Dunkin', which leased 1,802 square feet in a local relocation of an existing franchise. Bubbakoo Burritos also signed on for 1,695 square feet at the property.

The asking rental rate rose $0.56-per-square-foot to an average of $39.75-per-square-foot from the second quarter. In the past year, MMG Equity notes that the average asking rental rate has risen $4.21-per-square-foot from the $35.54-per-square-foot registered in the third quarter of last year.

Mike McCarthy, Brian McCarthy and Madeline Meyersieck join Transwestern's San Francisco office with approximately 3.5 million square feet of landlord leasing under their belts.

Samaritan will relocate its corporate office to the new location in the beginning of 2020, the year of the health care services firm's 40th anniversary.