PRESS RELEASES

Antique Land Shop Brings About $1.8M

HOUSTON-A Houston partnership has sold a three-building, 38,271-sf complex situated on 2.4 acres at 702 Spring-Cypress Rd. in Old Town Spring for slightly less than the $1.8-million asking price. (Tom Condon, Jr.)

15-Year Owner Hawks 35 Prime Acres

HOUSTON-A 15-year owner of 35 acres near Bush Continental Airport has sold the land to a Houston investor for future development.  (Tom Condon, Jr.)

Watercraft Dealer Taps Lake Conroe Land

CONROE, TX-A Conroe firm has carved a little more than 1.5 acres of excess land from its corporate headquarters tract and hawked the property to a buyer who intends to open a second watercraft dealership in Texas. (Tom Condon, Jr.)

Southwest Sector Baits Two Office Pacts

HOUSTON-A Houston engineering firm has shifted the headquarters office from the Greenway Plaza submarket to the Southwest Freeway, taking 4,424 sf of class B space for the long term. Also in the southwest sector, a business law firm pens a class A lease.  (Gloria Parrino)

Triple Play Finishes Off Space in Windfern

HOUSTON-Three new tenants have pushed occupancy to 100% at the three-building, 39,000-sf Windfern Business Park near the Sam Houston Tollway and Texas 249 in northwest Houston. (Corey King)

Software Firm Makes Westchase Play

HOUSTON-A local software firm has decided to extend a 12-year stay in a Westchase office building for another five years.  (Gloria Parrino)

Three Northwest Houston Industrial Deals Completed

HOUSTON-Three industrial users have each signed three-year leases for space totaling 7,500 sf in far northwest Houston. (Corey King)

300 Luxury Units Planned for 13.3 Acres

HOUSTON-Birmingham, AL-based Investment Co. of the South LLC has paid close to the asking price of $3.25 per sf or nearly $1.9 million for a 13.3-acre development site for a 300-unit luxury complex in West Houston. (Tom Condon, Jr.)

Vintage Building Nets About $150,000
 

HOUSTON-Chicago-based La Petite Academy Inc. has sold a 4,500-sf building situated on a 31,000-sf tract at 155 E. Edgebrook in far southeast Houston to a Houston businessman. (Darin Gosda)

Greenwood Park Fills Another 6,000 SF

HOUSTON-A start-up beverage distribution company and a popcorn vendor have moved into 3,000-sf spaces in separate office/warehouses in the Greenwood Business Park at 12811 Duncan Rd. in northwest Houston. (Corey King)

Canadian Firm Doubles Houston Space
 

HOUSTON-Toronto-based Tait Electronics has doubled its space at the Park Ten Business Center at 15740 Park Row in Houston's west submarket in a move to consolidate the US operations. As for the business park, it's now fully leased.  (David Dabbs)

Houston Businesses Buy to Build
 

HOUSTON-The last two commercially zoned parcels in the Memorial Northwest subdivision in northwest Houston have been sold to two business owners who are planning to break ground any day on unrelated projects. (Tom Condon, Jr.)

New Therapy Group Clears Five-Year Lease

HOUSTON-TheraWorks takes 2,200 sf in a 27,000-sf office building of predominantly medical users. Finish-out is underway for the Rockmead Professional Center office, with occupancy eyed for mid-July. (David Dabbs)

5,000-SF Office/Warehouse Lands Tenant

HOUSTON-Granite Ridge, a New Mexico-based research and development firm, stamps a three-year lease for the building, bought empty late last year as an investment. Inside the Loop, a three-year tenant extends for the short term. (Gloria Parrino)

Plan Unfolds for Closed Eatery Site

HOUSTON-A local restaurateur has acquired a 5,000-sf building on a 38,365-sf tract at 1104 Spanish Trail in Houston's Medical Center District. The new owner plans to raze the building, raise a new one and exit leased retail space in the Medical Center. (Darin Gosda)

Seller Pockets About $3.8M From Medical Building Sale

DALLAS-Cirrus Group hawks the property to two family trusts from Kansas and California, which put up the highest bid and a pledge to close in 30 days. That effort won a fully leased, 20,200-sf asset along Hampton Road in Dallas. (Larry Marks)

Second Phase Readied for Houston Office Park

ATASOCITA, TX-In 60 to 75 days, a 12,094-sf twin building will break ground in the 3.6-acre park in North Houston. The move to start work is jumpstarted by negotiations that could fill the first structure and three new signed leases. (Mark Wimberly)

217-Unit Mini-Storage Facility, Warehouse Sell

SPRING, TX-The 92%-leased units and triple net-leased warehouse sell to four investors from Santa Barbara, CA after another out-of-state investor's contract falls through. The holding is located at a main intersection in a suburb north of Houston. (Tom Condon, Jr.)

Inner Loop Tracts Change Hands

HOUSTON-Voicestream Houston buys about an acre at 1700 Glaser St., northwest of the CBD, while a local investor, Marvin E. Chernosky Jr., goes for a 35,694-sf tract along Wild Indigo Street, where he plans to construct an office building. (Parrino/Willmann)

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