Texas

MAYFIELD PROPERTIES PURCHASES MARKET STREET ROAD INDUSTRIAL BUILDING

by admin October 28, 2010

HOUSTON — Mayfield Properties has acquired a 120,810-square-foot industrial facility located at 8451 Market Street Rd. in southeast Houston for an undisclosed price. Market Portwall LP, a partnership controlled by The National Realty Group, sold the property that is situated close to the 610 Loop and Interstate 10 interchange, 3 miles north of the Port of Houston and 5 miles east of Houston's central business district. Rusty Tamlyn and Trent Agnew of Holliday Fenoglio Fowler (HFF) represented the seller, while Brian Carlton of HFF, working on behalf of the buyer, placed a 5-year, 5 percent fixed-rate acquisition loan with Aetna Life Insurance Co.

October 28, 2010

MAINPLACE TOWER TO BE RENAMED BG GROUP PLACE

by admin October 27, 2010

HOUSTON — A subsidiary of BG Group plc has signed a 164,000-square-foot lease at Houston's MainPlace office tower, which will be renamed BG Group Place after the natural gas company. Located at 811 Main in downtown Houston, the space will serve as BG Group's U.S. headquarters with the possibility of expanding in the 46-story, 1 million-square-foot office tower. The company plans to relocate from its current Galleria location in mid to late 2011. BG Group is based in the U.K. and is active in more than 25 countries on five continents. Its strategy is focused on connecting competitively priced resources to specific, high-value markets with a broad portfolio of exploration and production. Jim Bailey, Joe Peddie and Tim Relyea of Cushman & Wakefield and Glenn Pinkerton of Vinson & Elkins represented BG Group in the transaction. Chrissy Wilson and Stewart Robinson of Hines represented the landlord, HC Green Development Fund, a partnership of the California Public Employees' Retirement System (CalPERS) and Hines.

October 27, 2010

Retail Texas

TOP GOLF TO OPEN AT THE VILLAGE AT ALLEN

by admin October 27, 2010

ALLEN — Top Golf, an all-weather sports and entertainment store, has broken ground on its new 65,000-square-foot facility that will open at The Village at Allen in spring 2011. Located at 1500 Allen Station Pkwy. in Allen, Top Golf will feature a triple-deck tee line with 94 hitting bays, 5,000 square feet of private event space, a rooftop lounge terrace, and a full-service bar and restaurant. The Village at Allen is one component of a 3 million-square-foot regional, mixed-use lifestyle development located in both Allen and Fairview at the intersection of U.S. Highway 75 and Stacy Road. The MGHerring Group of Dallas developed the property.

October 27, 2010

Office Texas

INTUIT RENEWS LEASE AT THE CAMPUS AT LEGACY

by admin October 27, 2010

PLANO — Intuit, the provider of services such as QuickBooks, Quicken and TurboTax, has renewed its 166,235-square-foot office lease at The Campus at Legacy located at 5601 Headquarters Dr. in Plano. Scott Collier and Steve Thelen of Jones Lang LaSalle represented Intuit. Piedmont Operating Partnership owns The Campus at Legacy, which Intuit has resided in since its opening in 2000.

October 27, 2010

Civic Texas

REGIONAL TRANSPORTATION COUNCIL APPROVES $9 MILLION FOR FORNEY PARKWAY

by admin October 26, 2010

FORNEY — The Regional Transportation Council has voted unanimously to allocate $9 million of a $78 million Kaufman County transportation package for the construction of the new Forney Parkway. These funds, together with the approval of the City of Forney and owners of the adjacent property Meadow Ridge Farms, complete the public funding portion of the public/private partnership. The Forney Parkway will be a multi-lane thoroughfare connecting FM 548 on the north to FM 1641 on the south. The 2.2-mile road will feature an above-grade, eight-lane interchange spanning S.H. 80 and the adjacent Union Pacific rail line.

October 26, 2010

Office Texas

PVR MIDSTREAM MOVES HEADQUARTERS

by admin October 26, 2010

LAS COLINAS — PVR Midstream, a subsidiary of Penn Virginia Resource Partners, has relocated its headquarters to Williams Square in Las Colinas, leasing 24,335 square feet at 5125 N. O'Connor Blvd. Previously, PVR Midstream occupied 16,000 square feet at 8080 N. Central Expressway. Brad Selner, Chelby Sanders and Brooke Armstrong of Jones Lang LaSalle represented PVR Midstream, while Mark Dickenson and Bill Brokaw of Cousins Properties represented the landlord, TIAA Realty.

October 26, 2010

Industrial Texas

RACKMOUNT SOLUTIONS EXPANDS INDUSTRIAL SPACE

by admin October 26, 2010

PLANO — Rackmount Solutions Ltd. has leased 16,287 square feet from RREEF at 2805 E. Plano Pkwy. in Plano. The flex industrial space is 65 percent warehouse space and 35 percent office space. Located in Building 1 of Jupiter 190 Business Park, the space is a 6,000-square-foot upgrade from Rackmount Solutions' previous space. The company develops, manufactures and sources products such as servers, network and LAN racks, and portable rack mount cases and accessories. Greg Fail of McNeff Cos. represented Rackmount Solutions, while Chris Stout of Bradford Commercial Real Estate Services represented the landlord.

October 26, 2010

Retail Texas

NORTHCHASE PLAZA II SELLS FOR $1.3 MILLION

by admin October 25, 2010

HOUSTON — Northchase Plaza II, an 11,407-square-foot retail center in Houston, has sold for $1.3 million. Located at 13630 Veterans Memorial Dr., the property was built in 2004 and is 100 percent leased to five tenants. James Bell of Marcus & Millichap represented the seller, a Texas partnership, while Justin Miller of Marcus & Millichap represented the buyer, a limited liability company.

October 25, 2010

Industrial Texas

EVOLUTION PACKAGING SIGNS 51,000 SF INDUSTRIAL LEASE

by admin October 25, 2010

GRAND PRAIRIE — Evolution Packaging, a fulfillment and packaging services company, has signed a 51,200-square-foot lease in the Trinity West Business Park located at 2450 and 2550 114th St. in Grand Prairie. The 140,900-square-foot industrial park offers close proximity to DFW International Airport and access to State Highway 360. Mark Hull and Brett Heinen of Henry S. Miller Brokerage represented Evolution Packaging, while Jim Ferris and Michael Spain of Bradford Co. represented the landlord.

October 25, 2010

Office Texas

DELTA RIGGING & TOOLS RELOCATES HEADQUARTERS

by admin October 25, 2010

PEARLAND — Delta Rigging & Tools has relocated its headquarters to the Shadow Creek Business Center in Pearland as it will take 7,800 square feet of Class A office space in December. Delta provides lifting products and services to the large and fragmented domestic lifting equipment and rigging industry, including hoists, winches, wire rope, synthetic slings, accessories and hardware. It serves a national footprint with a primary strength throughout the Texas Gulf Coast, Louisiana and the Rocky Mountains. Delta is relocating from its offices in Lake Jackson.

October 25, 2010

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