FORT WORTH, TEXAS — A joint venture between Barclays Capital and Goff Capital has acquired Fort Worth-based Crescent Real Estate Equities from Morgan Stanley Real Estate Funding II. As part of the transaction, John Goff, who co-founded Crescent and served as vice chairman and CEO until its sale to Morgan Stanley in 2007, will re-join the company as chairman and CEO. Terms of the deal were not disclosed. Crescent Real Estate Holdings owns or manages approximately 17 million square feet of office space, including Houston's 4.3 million-square-foot Greenway Plaza office complex.
Texas
HOUSTON — Osyka Corp., a privately held gas company headquartered in Houston, has leased 7,936 square feet of office space at Timberway II, located at 15995 N. Bakers Landing in Houston's Energy Corridor. CB Richard Ellis' Ron McWherter represented Osyka Corp., and Debi Jones of PS Business Parks Inc. represented the landlord, PSBO Monroe.
DALLAS — TIG Real Estate Services has arranged two leases for office/warehouse space in Dallas. TIG's Jerod Hangartner and Tom Smolik represented the landlord, Anthony Interrante, in a lease for 26,291 square feet of office/warehouse space at 8925 Premier Row. Mercer Company represented the tenant, Tom Addis Productions. TIG also negotiated a lease for 20,011 square feet of office/warehouse space at 11460 Hillguard Rd. to tenant Eco Freash USA. TIG's Michael Grant and Ryan Wolcott represented the landlord, RREEF.
GRAPEVINE, TEXAS — Lee & Associates has completed a 180,000-square-foot industrial lease on behalf of Wistron Info Comm Co. in Grapevine. The communication technology manufacturer will occupy space within DFW Trade Center, which is located at 4051 N. State Highway 121, for approximately 10.5 years. Trey Fricke and Reid Bassinger of the Dallas/Fort Worth office of Lee & Associates represented the tenant. Cannon Green and Blake Kendrick of Stream Realty Partners represented the landlord, DCT Industrial Trust.
THE WOODLANDS, TEXAS — Excelerate Energy has signed a lease for 23,242 square feet of office space at 1450 Lake Robbins Drive in The Woodlands. The company will relocating its headquarters from a smaller space at 1330 Lake Robbins Drive. The landlord, BIT Holdings Forty-Six, allowed the tenant to terminate Excelerate Energy's 10,589-square-foot lease and agreed to a favorable leasing package for it to relocate across the street. The relocation will be complete by February 2010. Mary Barnwell of CB Richard Ellis (CBRE) represented the tenant in lease negotiations Lance McCarthy, formerly of CBRE and now with Studley, assisted Barnwell in the transaction. Gary Johnson of Crimson Services represented the landlord. Terms of the lease were not disclosed.
DALLAS, TEXAS — Dallas-based TIG Real Estate Services has brokered a lease for 33,717 square feet of warehouse space at 11011 Regency Crest in Dallas. The space will be occupied by Star AC Supply, which was represented in lease negotiations by TIG's Ryan Wolcott. Michael Grant, also of TIG, represented the landlord, RREEF.
AUSTIN, TEXAS — Structura Inc. has completed the renovation of the Perry Brooks Building, a 12-story office tower located in downtown Austin. The lobby of the building was redesigned and now includes granite walls and floors, chrome railings and window trims, modern fixtures and abundant natural light. The building envelope was also renovated and now includes interlocking metal panels that cover the upper levels and are 30 percent more energy efficient. The project plans to seek the EPA's Energy Star certification for the project. L.M. Holder & Associates was the project architect. Transwestern's Austin office is leasing the property.
HOUSTON — KDC has leased a total of 40,600 square feet of industrial space at Ellington Trade Center, the company's 50-acre, 513,000-square-foot industrial park located at 12554 Highway 3 in Houston. Goodman Distribution Inc. signed a lease for 25,300 square feet and the Houston Chronicle signed a lease for 15,300 square feet. John Ferruzzo, Griff Bandy and Jon Michael of NAI Houston represented KDC in lease negotiations. Valerie Palmquist of Transwestern represented the Houston Chronicle, and Shirley Laymance of Mohr Partners represented Goodman Distribution. Terms of the leases were not disclosed.
GRAND PRAIRIE AND DESOTO, TEXAS — Dallas-based Bradford Companies/CORFAC International has brokered two Texas industrial leases. In Grand Prairie, APT Transportation signed a lease for 20,007 square feet of warehouse/distribution space at 1336 W. North Carrier Parkway. Bradford's Jason Miller and Brian Pafford represented the tenant. The landlord was Hesco Southwest Inc. In DeSoto, Optimum Packaging signed a lease for 10,000 square feet of light industrial space within Falcon Centre at 1701 Falcon Drive. Pafford, along with Bradford's Michael Spain, represented the landlord, Owens Brothers Enterprises. VIP Realty represented the tenant. Terms of both leases were not disclosed.
EL PASO, TEXAS — San Antonio-based K Partners Hospitality Group has held the grand opening for the new Fairfield Inn & Suites located at 7514 Remcon Circle in El Paso. The 95-room hotel is part of a 5-acre hotel complex that also includes a 103-room Springhill Suites that opened in August. The Fairfield Inn & Suites features an indoor swimming pool with a whirlpool, 600 square feet of meeting space, an executive boardroom, a business library and work areas. It marks the 20th hotel in K Partners' portfolio to open.