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Energy Trader's Five-Year Deal Valued at $1.8M

HOUSTON-TradeSpark moves into 18,748 sf at 1301 Fannin, a class A CBD property that's now 90% occupied. The tenant is an energy brokerage consortium with Cantor Fitzgerald as a lead player. In light of 9/11, it was decided to expand locally.

By Jenifer Brenner Andrade | Updated on April 30, 2002

HOUSTON-Energy commodity trading company, TradeSpark LP has leased 18,748 sf for five years at 1301 Fannin St. in Houston. The lease is valued at $1.8 million.

TradeSpark is an energy brokerage consortium of Cantor Fitzgerald, Dynegy, Coral Petroleum, Williams, Virginia Power and TXU. Prior to 9/11, TradeSpark had a small office in Houston and its primary location in New York City. Not only was a decision made to expand locally, but also to split operations to reduce risk in lieu of re-establishing the Cantor Fitzgerald office in New York City.

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