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 percent lease to Norway-based Det Norske Veritas. Locatexd at 22535 Colonial Parkway, near the intersectionb of Interstate 10 and theGrane Parkway, the building is the first installmen t in the Westside Office The business park is controllex by Giorgio Borlenghi, president of Houston-baseed Interfin Cos.; John McCormack, chief executive officeer of Houston-based Visible Change s Inc.; and hair product guru John Paul DeJoria, co-founderd and CEO of . The recentr transaction is part of thejoint venture’s purchase of thre e buildings with a total of 327,000 squarre feet in Texas and Florida valued at nearly $41.
12 million. All three fully-leased properties — includingt an office building in Orlando and a warehousee inTampa — were previously ownedx by Duke before being transferrerd into the joint venture. The joint venture betwee n CB Richard Ellis Realty Trust and Duke plans to acquirw upto $800 million of newlyt developed, build-to-suit projects over the next threew years. CB Richard Ellis Realty Trusrt is sponsored byLos Angeles-based .