Thursday, November 8, 2007

Large Houston Lease signed yesterday

Shorenstein Properties LLC acquired a 356,750-square-foot office building at 2000 W. Loop S in the Galleria submarket of Houston, TX. This is Shorenstein’s third purchase for its $1.3 billion investment fund, Shorenstein Realty Investors Nine LP. A group of tenant-in-common investors represented by US Advisors LLC and Means Knaus Partners LP of Houston sold the Class A asset. The purchase price was not disclosed. For more information see:

Tri-Supply Inks 92,000-SF Lease in Houston

Transwestern recently signed Tri-Supply to a 92,000-square-foot deal at 7100 Business Park Drive in Houston, TX. Tri-Supply provides homebuilders in the Texas region with products such as doors, molding, lighting and appliances. The building is a multitenant distribution facility in the West Outer Loop Industrial submarket. It is roughly 216,000 square feet. Jude Filippone of Transwestern represented the owner, and Alexander Reilly and Bo Pettit of Boyd Commercial represented the tenant. For more information see:

Tuesday, November 6, 2007

Industrial park planned for Hobby Airport area

Houston Business Journal
PinPoint Commercial is planning what the company believes is the largest industrial park developed inside Beltway 8 in more than 10 years.
The Houston development partnership said it purchased the land for the 350-acre Hobby Business Center, a logistics and industrial park near Hobby Airport, in March.
Companies committed to the area include Southeastern Freight Lines and FedEx Ground, according to the company. Houston Airport System also has purchased land within the park.
The site features build-to-suit and design-build options and is expected to be open by the beginning of 2008.

For more information see:

Industrial park planned for Hobby Airport area