The Accudata headquarters has been in the building since May 1992, Robby Organ with Caldwell Watson Real Estate Group in Houston tells GlobeSt.com. Organ holds the leasing assignment for the building, owned by an investment partnership with Caldwell Watson as the principal player.
Pauline Phillips of locally based Tomlinson Commercial represented Accudata, an IT consulting and integration firm. According to Organ, Accudata surveyed the surrounding market before renewing at the 81%-leased, class B building. The asking rate is $14 per sf.
Unlike its suburban peers, the FM 1960 submarket had a negative absorption of 82,251 sf for the year in a 6.4-million-sf office inventory, according to the latest report by Trione & Gordon in Houston. The submarket's average rent is $18.85 per sf.
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