The deal is now closed, money has changed hands, people are richer, and APC is no longer traded in the NASDAQ. Where will all those folks go to work now?
TJX Companies Inc., the Framingham, Massachusetts-based parent company of T.J. Maxx, leased 96,597 square feet in Pinto Business Park, as published by CoStar today.
The off-price apparel and home fashions retailer is set to move into the park in December, according to CoStar data. The deal was finalized last month.
TJX's lease is in the 501,349-square-foot building at 600 Fallbrook Drive in Pinto Business Park. Other tenants in the building include Raleigh, North Carolina-based Kitchen Cabinet Distributors and Charlotte, North Carolina-based VS America, a manufacturing company that caters to schools and offices, according to CoStar data.
Nuveen owns 600 Fallbrook Drive. The Chicago-based firm, which was acquired by TIAA-CREF in 2014 but retained its branding, bought three buildings from Hines in Pinto Business Park in 2016. Hines has been developing Pinto Business Park since 2014. When it is complete, the 971-acre business park will accommodate up to 7 million square feet of industrial, manufacturing and corporate campus space, according to Hines. The park is located at the northeast corner of Interstate 45 and the Sam Houston Tollway in north Houston.
Coca-Cola Southwest Beverages is building a $250 million, 1 million-square-foot facility at Pinto Business Park to consolidate its operations. The plant is the first Coca-Cola production facility constructed in the United States in more than a decade.
Houston’s population has been steadily growing in recent years. Between 2017 and 2018, the Houston metropolitan area gained 91,689 new residents, according to U.S. Census Bureau data. That was the third-largest single-year population gain of any U.S. metropolitan area.
And Houston’s industrial market has remained robust in recent years. Houston recorded industrial deal sales volume of more than $3 billion in 2018, according to CoStar data. Houston also has just under 13 million square feet of industrial space under construction.
Healthcare-related real estate is shifting from being a specialty asset class to a core asset class by investors. With the current market uncertainty hovering across most of consumer, service and industrial aspects of the economy, both accredited and sophisticated Investors are looking to capitalize on the trend and betting on healthcare, an area that tends to be insulated from economic ups and downs.
Big-box retailers such as Toys R Us, Babies R Us and Payless Shoe Source have closed stores in recent years after filing for bankruptcy because of fierce competition from e-commerce businesses and the rise of online shopping. This furniture shop is calling it quits and has placed its 60,000 sqft storefront on the market.
Since we moved to The Woodlands in 2001, we’ve always known that we’re close to home when we could see the Anadarko tower (now towers) from the highway. With the bidding war now over - and with Chevron about to walk away with $1B as a breakup penalty - all kinds of rumors and speculation are out on the grapevine trying to guess to find out what will happen to these iconic buildings.
The Woodlands Township approved - on a 3-1 vote - a descending tax abatement for Alight Solutions, an HR outsourcing company owned by private equity firm Blackstone Group (BX).
Ikea purchased just over 144 acres of land in McCord Development’s master-planned Generation Park in Houston, according to documents filed with the Harris County Clerk's office. The long-rumored deal is the Swedish furniture giant’s second in the city in two years.
One of the most common tax benefits of home ownership (outside of mortgage interest) is the Homestead Exemption for your primary residence. Surprisingly, it is often ignored and/or misunderstood by homeowners. Simply put, the Homestead Exemption reduces the taxable value of your home, resulting in a lower property tax bill.
From the Montgomery County Elections site —-
Any qualified Montgomery County registered voter may vote at any one of the following locations during the early voting period for the Election. You can search the Montgomery County Voter Registration Database to see if you are eligible and to view your precinct, Sample Ballot, and elected officials. If you feel this is in error, please feel free to call Election Central at 936.539.7843.
November 6, 2018 General Election
Monday, October 22 - Friday, October 26 8:00 a.m. - 5:00 p.m.
Saturday, October 27 7:00 a.m. - 7:00 p.m.
Sunday, October 28 12:00 p.m. - 5:00 p.m.
Monday, October 29 - Friday, November 2 7:00 a.m. - 7:00 p.m.
Get All Information♦ North Montgomery County Community Center600 Gerald Street Willis 77378102/103 Community Room
Get All Information♦ Lone Star Community Center
(Not the Lone Star Convention Center in Conroe) 2500 Lone Star Parkway Montgomery 77356103/104 Community Room
Get All Information♦ Magnolia Community Building 422 Melton Street Magnolia 77354 Main Room
Get All Information♦ East County Courthouse Annex 21130 Highway 59 South New Caney 77357 Community Room
Get All Information♦ South County Community Building 2235 Lake Robbins Drive The Woodlands 77380 Room 102
Get All Information♦ Lee G. Alworth Building
(Montgomery County Administration Annex) 207 W Phillips Street Conroe 77301 First Floor
Get All Information♦George and Cynthia Woods Mitchell Library
New Location 8125 Ashlane Way The Woodlands 77382 Meeting Room 101 and 102
Limited Ballots, Special Forms of Early Voting, and Ballot by Mail ONLY at Election Central
Get All Information♦ Election Central9159 Airport Road Conroe 77303
Walmart is experimenting with adding veterinary clinics to its brick and mortar stores as it plans more locations in mixed-use developments.
From one of our favorite guest writers - Bruce Becker from SWBC - comes this well-written post about rental property and how it can fit your portfolio. Once you had a chance to peruse it, call us to Boost your plan forward.