Realty News Report Covering Commercial and Residential News

HOUSTON – Principal Real Estate Investors and CBRE Group announced that WorleyParsons, a leading global provider of engineering design and project services, has expanded its West Houston by leasing 130,282 sf of office space at the Reserve at Park Ten, a six-story, Class-A office building located at 15721 Park Row in Houston’s Energy Corridor submarket.  CBRE’s Steve Rocher and Cody Armbrister represented ... Read More »

Houston –  CBRE Group closed on five leases totaling 47,742 sq. ft. at Sage Plaza, a 25-story, 512,461 sq.-ft. Class A office development located at 5151 San Felipe Street in Houston’s Galleria/Uptown submarket. CBRE’s Bonnie Kelley led the leasing effort on behalf of the property’s landlord in all transactions, which include a 14,924 sq.-ft. renewal with Continental Casualty Company; a 14,685 ... Read More »

HOUSTON – Hines, the property and leasing manager for Phoenix Tower in Houston, on behalf of building owner FSP Phoenix Tower Limited Partnership, announced  that New York Life has signed a long-term lease for 33,394 square feet.  Phoenix Tower is a recently renovated, 34-story, 629,000-square-foot office tower located at 3200 Southwest Freeway, near Buffalo Speedway.  With the signing of this ... Read More »

Houston – Colliers International notes Saroj Kirby, LLC has purchased a 20,750 sf medical office building at 1325 LaConcha Lane, near the Texas Medical Center. Jim Houmani of Xander Properties represented the buyer. Chris Winters of Colliers International represented the seller, Treeline Partners. Houston — Cushman and Wakefield of Texas negotiated the lease renewal by Exel Inc. of 11,650 square ... Read More »

HOUSTON – CBRE has closed on a renewal of an office lease expansion totaling 19,742 sq. ft. to VAALCO Energy, Inc. at 4600 Post Oak Place, an 87,500 sq.-ft. office building in Houston’s Galleria area which is professionally managed by Unilev Management Corporation. Steve Rocher, Kristen Rabel and Louann Pereira of CBRE represented the property owner, Unilev Capital Corporation, in ... Read More »

Houston  – Houston-based Mahindra USA (MUSA) has leased 134,815 square feet of space at Satsuma Distribution Center, a 315,120 square-foot new industrial building located at 9020 Jackrabbit Road, in northwest Houston. MUSA, a wholly owned subsidiary of Mahindra & Mahindra Ltd., is the first tenant to enter into a lease agreement at the new Class A facility. The company began ... Read More »

HOUSTON – Community Bancorp, LLC,  has signed a long-term lease at Williams Tower for 30,064 square feet.  The bank holding company will move into the building in the fourth quarter of this year, occupying 23,090 square feet on level 38 (full floor) and 6,974 square feet of retail space in the building’s lobby. CBC was represented in lease negotiations by ... Read More »

CB Richard Ellis has closed on six office deals totaling 146,987 SF at Sage Plaza, a 519,966 SF, 25-story, Class A office development located at 5151 San Felipe Street in Houston’s Galleria/Uptown area. Bonnie Kelley of CB Richard Ellis represented the landlord, a fund managed by BlackRock, in all five transactions, which include a 55,500 SF office lease to Columbia ... Read More »

Jones Lang LaSalle announced that Jacobson Warehouse Company, Inc. has signed a 436,410-square-foot industrial lease at Interport Distribution Center – Building Two, located at 13031 Bay Area Blvd. in Pasadena, Texas. Jones Lang LaSalle Senior Vice President John M. Talhelm and Vice Presidents Will Swanson and Kevin Erck represented the landlord, FR/CAL Interport, LP, a property owned by the California ... Read More »

Jones Lang LaSalle has been selected by Urdang, the real estate specialist for BNY Mellon Asset Management, and Griffin Partners of Houston, to market 1301 Fannin, an office tower in downtown Houston. The Urdang Value Added Fund II acquired the property in 2007. The 25-story, 784,143-square-foot tower has 370,000 square feet of center space. The Jones Lang LaSalle team includes ... Read More »

Newfield Exploration leased 91,456 sf in the 4 Waterway Square building in The Woodlands, north of Houston. Mike Boehler and Lucian Bukowski of Jones Lang LaSalle represented Newfield and Dennis Conine represented landlord Woodlands Development.  Also in Houston, Colvill Office Properties will lease the 1200 Enclave building for owner Piedmont Office Realty Trust. Read More »

Houston-based David Weekley Homes has entered the Indianapolis market with a merger with Estridge Homes of Indiana. Estridge’s owner Paul Estridge Jr. will be Indianapolis division president of David Weekley Homes. Read More »