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Tag Archives: JLL

The Biggest Refi in Texas History

HOUSTON – The oil business may be bleak and Houston’s job growth has ground to a halt. But that didn’t scare away the lenders who just backed the refinancing of the tallest tower in Texas – the 75-story Chase Tower in downtown Houston. In what could be the biggest refi in the history of Texas real estate finance, JLL’s Tom ... Read More »

Brandywine Planning Downtown Tower in Austin

AUSTIN — Brandywine Realty Trust is planning a 25-story office tower in  downtown Austin with 210,000 square feet of Class-A office space. The building, currently known as “405 Colorado,” will include a first-floor grand lobby and 3,000 square feet of retail space, 12 floors of parking with a total of 530 spaces. The total height will be approximately 366 feet. ... Read More »

JLL Expands Houston Portfolio

HOUSTON – JLL has expanded its Houston property management portfolio by approximately 1 million square feet with four recent assignments including 1300 Main, the Great Southwest building at 1314 Texas, Westchase Place and 5300 Memorial. “We look forward to the opportunity to improve and add value at each asset,” says JLL Houston Managing Director Peyton Collins. The addition of these ... Read More »

Loomis Expands U.S. Headquarters in Houston’s Westchase District

HOUSTON – Loomis has extended and expanded its lease to 47,904 square feet in the 2500 CityWest Boulevard building in the Westchase District of Houston. Loomis, a Sweden-based armored-car and cash management services firm, previously leased 35,659 square feet in the building. JLL Houston President Dan Bellow negotiated the terms on behalf of the tenant. Win Haggard and Marilyn Guion with Colvill ... Read More »

Amirex Buys Into Hot East Houston Market

BAYTOWN, Texas – In another deal showing the strength of east side of Houston, investors have purchased Baytown Plaza, a 107,000 SF retail center on Garth Road in Baytown. Amirex Capital Services bought the center, which is 98 percent occupied, is 25 miles east of downtown Houston. Some $100 billion is being spent on chemical plant expansions in the regional, ... Read More »

1 Million SF Data Center Under Way Near Dallas

DALLAS – RagingWire Data Centers purchased 42 acres of land in Garland, in the Dallas-Fort Worth area and plans to build a one million square foot, 80 megawatt data center campus.  Construction will begin immediately on the first of five 180,000 square foot data centers in the project, JLL said. The 42-acre parcel of land is located near other primary ... Read More »

Mariak Bringing Blinds and Shades Business to Ellington Warehouse

HOUSTON – Los Angeles-based Mariak, a leading manufacturer of custom window coverings, blinds and shades, has leased 104,000 square feet of industrial space in Ellington Trade Center on the southeast side of Houston. Industrial space on the east and southeast side of Houston has been in high demand as companies seek locations in the Port of Houston. “Mariak will be ... Read More »

Canadian Investor Buys Industrial Buildings on Texas/Mexico Border

McAllen, Texas – Canadian investor Dalfen America Corp., purchased four industrial buildings in the 1,200-acre Sharyland Business Park in McAllen, near the Texas/Mexico border. The portfolio consists of 635,752 square feet and is 89 percent occupied. JLL Capital Markets managing director Randy Fleisher, who arranged a $60 million credit facility for Dalfen through Bank of America, said foreign investors are leading a ... Read More »

DDR Buys Houston Retail Center for $74 Million

HOUSTON – DDR Corp. acquired Willowbrook Plaza, a 385,000-square-foot power center located in northwest Houston for $74 million. The center, 17355 Tomball Parkway, is adjacent to Willowbrook Mall, one of Houston’s top regional malls. Anchored by Bed Bath & Beyond, the shopping center is 87 percent leased, said DDR Corp, a REIT based in Ohio. The seller was a venture ... Read More »

Hines Breaks Ground on 40-Story Tower in Downtown Denver

DENVER — Hines on Tuesday broke ground on a 40-story tower in downtown Denver, one of the tallest projects built in Denver’s CBD in nearly three decades. The 662,000-square-foot project, called 1144 Fifteenth, will be located between Arapahoe and Lawrence Streets. The site is one block from the historic Latimer Square. Hines is starting the building on a spec basis. ... Read More »

Mission Buys Property in Energy Corridor

HOUSTON – In an office buy/land assemblage in the Energy Corridor, The Mission Cos. purchased Ashford Place II & III, two low-density office buildings in the Energy Corridor. The low-rise buildings have ample grassy lawns and surface parking, making them ideal for new high-rise construction in the next cycle. The Mission Companies already owns two buildings adjacent to Ashford Place ... Read More »

JLL Report: 2.5 Million SF of Sublease Space Has Hit Houston Office Market Since Jan. 1

HOUSTON – JLL reports that 2.5 million square feet of sublease space has come on the office market so far this year. About half of the sublease space is located in west Houston, where the Energy Corridor is located. BP, StatOil, and ConocoPhillips have all placed large blocks of excess space onto the market, this year, JLL says. Other reports ... Read More »

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