HOUSTON-Houston-based B2B Petrocosm Corp. is pumping up its 50,000-sf corporate office space by 19,000 sf at Briar Lake Plaza. The oil and gas exchange B2B carries the support of heavyweights such as Chevron Corp., Texaco Inc., National Oilwell, Crosspoint Venture Partners, KPMG, Ariba Inc. and Requisite Technology, Chuck Goldstein, a Strategis/CRESA Houston broker, tells GlobeSt.com. It’s just been six months since Petrocosm signed its first lease, Goldstein says. Building owner Tishman Speyer Properties was represented by Chip Colville in the 10-year lease transaction.

Goldstein says this is a particularly interesting deal and coming “at a time when dot-coms are struggling.” Goldstein adds that Petrocosm had been attracted to the building’s infrastructure that is more conducive to the needs of a high-tech company. And, it’s relatively new, he says. The two-year-old, 20-story, 503,000-sf building offers redundant telephone and communication service, up to eight watts per sf of electrical power and fiber-optic connectivity. The building even has a specially designed rooftop for microwave and satellite antennas, including directional line-of-site transmission.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.