Crescent Real Estate Equities Co.'s largest lease signing, Altra Energy Technologies Inc., totals 56,346 sf for 4 Houston Center. The investment firm of Davis, Hamilton, Jackson & Associates has signed for 15,733 sf in the under-construction 5 Houston Center and Bank of Texas has secured 5,092 sf in 2 Houston Center. Debbie Wilson, leasing manager at Houston Center, has represented Crescent Real Estate Equities LP in all of the transactions.
Altra Energy Technologies is a web powerhouse, Debbie Wilson tells GlobeSt.com. Altra provides independent, neutral online trading systems, transaction management software and e-business solutions for the energy industry. According to Wilson, the firm had sealed a five-year sublease for the 56,346 sf of office space and then changed its mind, deciding to stay put.
Wilson says the company needs to be close to its CBD energy customers. And, she emphasizes, the class-A building's technologically savvy environment met the company's internal needs. Sanford Criner of Trione & Gordon ONCOR International has represented Altra in the deal. According to Wilson, 4 Houston Center has 675,000 sf and is 98% occupied.
Houston-based Davis, Hamilton, Jackson & Associates isn't due to occupy its 15,733-sf spot at 5 Houston Center until March 2003. The 580,000-sf building will deliver in November 2002. The firm provides active investment management services for public funds, corporations, multi-employer plans, endowments/foundations, trusts and high net-worth individuals. Stewart Robinson of Conine & Robinson has acted on the tenant's behalf.
The 5 Houston Center currently is 71% pre-leased and pending deals would take it to 93%, says Wilson. Ernst & Young had been the spark for the latest building project and has leased 118,000 sf, says Wilson. Its consulting group, Cap Gemini Ernst & Young, has signed for another 46,000 sf. The company will fill the low-rise part of 5 Houston Center.
In the final lease signing, the Bank of Texas, National Energy Association's lending group is taking 5,092 sf in 2 Houston Center. The Dallas-based Bank of Texas recently has acquired Houston-based Citizens National Bank of Texas. Dena Wren of CB Richard Ellis has acted on the bank's behalf in the pact.
The 2 Houston Center totals one million sf, like its counterpart 1 Houston Center. Wilson says each building is 99% occupied. In all, Crescent's 74-acre complex provides 3.5 million sf of class-A office space, shopping mall and Four Seasons Hotel. The mixed-use environment and flexible floor plans, says Wilson, keep occupancy riding high.
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