As citybiz real estate previously reported, Francesca's Holdings Corp has entered into a lease to occupy 218,000 square feet at a site it did not immediately identify for its corporate headquarters, warehousing, distribution, e-commerce operations, and e-commerce fulfillment. The lease includes an option to add as much as an additional122,000 square feet if necessary. According to a copy of the lease agreement, the premises that will serve as...
More »
HOUSTON - In an ongoing disposition of non-core properties, Thomas Properties Group Inc. has sold Brookhollow Central, a three-building complex with 806,004 square feet. The seller netted $8 million from the sale after retiring the mortgage and paying closing costs. "During our ownership, we completed a successful redevelopment and repositioning of the property, which included stabilizing the tenancy of the complex with a 220,000-square-foot lease with anchor tenant Bank,"...
More »