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HOUSTON-A Principal Financial affiliate sells the 127,568-sf telecom warehouse to Harris County after officials start talking about knocking off a corner to make way for overhead interstate lanes. The plan's taken a new twist now that $4.3-million trade's done.
HOUSTON-Pathfinder Insurance Group re-ups two years early to get expansion space in a 118,000-sf suburban office building along Dairy Ashford Road. The extra office space, though not contiguous, takes the bottom line to 9,633 sf.
HOUSTON-The 214,831-sf door manufacturing facility at 5401 Lawndale St., just four miles southeast of the CBD, sells to Caspian Homes. The listing was on the market for 1.5 years, baiting several offers--all from residential developers.
HOUSTON-General Stevedores, a steel and iron distributor located in a 40,000-sf leased building in east Houston has taken over the lease for the 24,000-sf building next door.
HOUSTON-Transwestern Commercial Services wins the contracts for Westbridge One, a 103,835-sf, class A office building sold about three months ago. Three other brokerage houses were vying for the pacts to an 81%-leased structure on the west side of town.
HOUSTON-The leases, totaling 7,490 sf, all are medium-term pacts that range from 3,266 sf to 822 sf. Fulcrum Power LP occupies the largest block of space while "Les Avenues" magazine is moving into the smallest.
HOUSTON-Two renewals and two new deals close off space in four Houston submarkets, with the northeast sector cornering the largest closing. DHN Enterprises, a 10-year tenant, holds tight to 25,000 sf.
HOUSTON-The 91%-occupied Huntington Glen goes to a partnership of Sterling American of New York City and BH Management Services of Dallas. The Houston seller was asking $11.5 million for the complex, the buyer's second in the submarket.
HOUSTON-Infometrics Market Center, eight years in development, is introduced to Houston by Moody Rambin Interests. The Web-based tool delivers real time data for leasing, marketing and property management.
HOUSTON-Manhattan Resources slides into the 25-month balance of Ultimate Staffing Services in One Houston Center. The inbound tenant has relocated from the FM 1960 submarket while the outbound tenant shifted its CBD team to the Gallera/West Loop.