Update.....    11-15-2005

AT&T Signs Long-Term Lease for Greenway Space
By Amy Wolff Sorter of GlobeSt.com

Tuesday, November 08, 2005 - HOUSTON-AT&T Corp. is relocating from within the Greenway submarket, signing a long-term lease for 18,840 sf. AT&T, acquired recently by SBC Communications, will take possession in the coming weeks.
The telecommunications giant will move into a class B office building at 3555 Timmons Lane and exit Greenwood Plaza. Built in 1984, the Timmons Lane building, owned and operated by Beverly Hills, CA-based Unilev Corp., is 96% occupied with the new deal. "The AT&T deal really helped pushed occupancy for us in that building," Steve Rocher, senior vice president in Houston for Trammell Crow Co. The building's quoted rate is $18 per sf.

Grocer banks old Shepherd Plaza complex
Jennifer Dawson
Houston Business Journal

H-E-B Grocery Co. has signed a novel master lease agreement to gain control of a landmark inner-city shopping center. The deal to assume the reins at Shepherd Plaza, a local retail fixture since the 1940s, is similar to the supermarket chain's master lease assumption of another longtime local shopping center three years ago.

Under the unique arrangement called land banking, the lease puts H-E-B in charge of all operations, from tenant selection to property management.

H-E-B signed the latest master lease with Fidelis Realty Partners, which retains ownership of the Shepherd Plaza property purchased by the firm in 1997. Terms of the deal were not disclosed.