Minute Maid is moving to Sugar Land. The Minute Maid Building near the Galleria has been sold.
Should we expect added sweeteners in our O.J.?
Cameron Management, Wachovia Bank and a group of local investors recently purchased the 351,000-square-foot office building at 2000 St. James Place for an undisclosed amount.
Minute Maid, a Houston-based division of Atlanta-based Coca-Cola, will lease back 150,000 square feet of space until its new home is ready in late 2008. Coca-Cola is negotiating a lease for 120,000 square feet in an office building that Planned Community Developers Ltd. began constructing last July in Sugar Land Town Square at U.S. Highway 59 and State Highway 6.
Why not . . . Pearland? Probably less appealing.
And what will happen to the empty building on St. James after the juice is gone?
In preparation for Minute Maid’s move-out, Cameron is marketing the 12-story building, located between Westheimer and San Felipe, as the largest block of contiguous office space in the Galleria area.
Sweet.
- Coca-Cola sells Minute Maid Building [Houston Business Journal]
- Cameron, Coca-Cola Bless 350,899-SF Leaseback [Globe St.]