Source: Houston Chronicle
Etc.
INDUSTRIAL: The developer of an ecofriendly industrial development near Bush Intercontinental Airport has found a tenant for its 63,600-square-foot facility.
McLean Cargo Specialists signed a long-term lease for the building in the Central Green Business Park, according to developer Liberty Property Trust of Malvern, Pa.
Liberty owns and manages more than 3.8 million square feet of warehouse and distribution space in Houston.
The new building is registered with the U.S. Green Building Council through its Leadership in Energy & Environmental Design program.
The business park includes nine buildings and more than 80 acres of developable land off Beltway 8 along Hardy Toll Road.
The developer also announced leases in its other Houston projects.
American Tire Distributors signed a 94,089-square-foot lease at 860 Greens Parkway at the Greens Crossing Distribution Center. Omni Laboratories renewed its 68,428-square-foot lease at the Legacy Center Business Park at Beltway 8 and Fallbrook Drive. The company also signed a new lease for 78,400 square feet at 5200 North Sam Houston Parkway West and the Beltway at the Bammel Business Park. And Thomas Hudson Enterprises leased 32,000 square feet at 5250 North Sam Houston Parkway West.
RESIDENTIAL: Caldwell Cos. broke ground on the clubhouse within The Heritage at Towne Lake active adult development. The 14,000-square-foot clubhouse will feature amenities such as a fitness center, a ballroom, a billiards room, an arts and crafts room and a swimming pool. The age-restricted development is planned for 440 homes near U.S. 290 in the Cypress-Fairbanks area of northwest Houston.
FUND: Parkway Properties has teamed up with the Teacher Retirement System of Texas to form the Parkway Properties Office Fund II targeting office building investments in Houston, Austin, San Antonio, Chicago, Atlanta, Phoenix, Charlotte, Memphis, Nashville, Jacksonville, Orlando, Tampa and other markets. TRS will be a 70 percent investor and Jackson, Miss.-based Parkway will be a 30 percent investor in the $750 million fund.
BUILDING PRODUCTS: YKK AP has opened a branch in Houston to serve its commercial building industry customers in Texas, Louisiana and Mississippi. Located at 3550 Brittmoore Road, Suite 200, the branch is the company’s ninth and will have 15 to 20 employees involved in sales, customer service, estimating, assembly and warehousing.
Tags: houston real estate development, Industrial, Office, retail
