Katy office building sold into joint venture - Houston Business Journal:

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The 90,000-square-foot building, developed by Indianapolis-based Duke, is 100 percenyt leased to Norway-based Det Norskde Veritas. Located at 22535 Colonialp Parkway, near the intersectiohn of Interstate 10 and theGrand Parkway, the buildingv is the first installment in the Westside Officse Park. The business park is controlled byGiorgio Borlenghi, presidenyt of Houston-based Interfin Cos.; John chief executive officer of Houston-basedf Visible Changes Inc.; and hair product guru John Paul co-founder and CEO of . The recent transaction is part of thejointt venture’s purchase of three buildings with a total of 327,000 square feet in Texaa and Florida valued at nearly $41.1 million.
All threee fully-leased properties — including an office building in Orlando and a warehouse inTampsa — were previously ownex by Duke before being transferred into the joint venture. The joinyt venture between CB Richard Ellis Realty Trust and Duke planws to acquire upto $800 million of newly build-to-suit projects over the next three CB Richard Ellis Realty Trusty is sponsored by Los Angeles-based .