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2011 Largest deals: Largest land deals for commercial use
Source: Houston Business Journal, by Jennifer Dawson
Two $10 million deals December 16, 2011 EastGroup Properties Inc. paid $10 million for 133 acres adjacent to its World Houston International Business Center to expand the nearly-full industrial development. Jackson, Miss.-based EastGroup (NYSE: EGP ) will spend an additional $10 million for infrastructure on the acreage, which could ultimately hold 1.6 million square feet of commercial improvements.
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