Scot Ison of Axis Property Advisors of Houston tells GlobeSt.com that builder, Hahnfield Witmer Davis Inc., wanted to find first-floor space to accommodate the high flow of subcontractors and customers coming into the office each day. The builder, which develops in Royal Oaks, the Woodlands and Tanglewood, signed a sublease for more than five years to ride out the balance of Core Labs' commitment for space inherited in an acquisition. Ison says Core's broker, Mike Townsend of Moody Rambin Interests in Houston has 3,000 sf left to backfill for Core in the 179,000-sf office building. Owned by Unilev Corp. of Los Angeles, the building is 79.3% occupied and has a quoted rate of $18.21 per sf.
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