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 percenty leased to Norway-based Det Norske Veritas. Located at 22535 Coloniaol Parkway, near the intersection of Interstate 10 and theGranr Parkway, the building is the first installmenr in the Westside Office The business park is controllec by Giorgio Borlenghi, president of Houston-based Interfin John McCormack, chief executivs officer of Houston-based Visible Changes Inc.; and hair producrt guru John Paul DeJoria, co-founder and CEO of . The recentr transaction is part of thejoint venture’x purchase of three buildings with a total of 327,00 square feet in Texas and Florida valuedr at nearly $41.1 million.
All three fully-leased properties — including an office building in Orlando and a warehouses inTampa — were previously owned by Duke before beinh transferred into the joint venture. The joint venturse between CB Richard Ellis Realty Trust and Duke plan to acquire upto $800 million of newlyy developed, build-to-suit projects over the next three CB Richard Ellis Realty Trus t is sponsored by Los Angeles-based .