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Trizec Fills 72,000 SF of Class A Space

HOUSTON-Four newcomers, a renewal and a relocation from Corpus Christi account for the stack of deals for three CBD office buildings, Continental Center I, KBR Tower and 500 Jefferson St., and one suburban property at 3700 Bay Area Blvd. in Clear Lake.

By Jennifer Brenner Andrade | Updated on February 20, 2004

HOUSTON-Trizec Properties Inc. has filled 72,000 sf with six tenants for a trio of Houston CBD buildings and one suburban asset in Clear Lake.

Paul Layne, Trizec’s senior vice president in charge of the Western Region, said in a press release that the interest has picked up in downtown office space. The new deals brought new names for Continental Center I, KBR Tower and 500 Jefferson St. and Clear Lake’s 3700 Bay Area Blvd.

The 1.1-million-sf Continental Center I at 1600 Smith St. accounted for three of the six leases. Southwest Bank of Texas, taking the largest block, moved into 23,271 sf under a three-year lease. Paul Frazier, vice president of leasing in Houston for the Chicago-based Trizec, tells GlobeSt.com that Southwest Bank owns a building at 1801 Main St., but is out of space. The bank expanded into space emptied at least a year ago by Continental Airlines. Kirk Pfeffer of Lonestar Alliance was the bank’s broker.

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