Search
 

Investment Manager Shifts CBD Office

HOUSTON-The tenant will move in within three weeks to a 9,385-sf office at Calpine Center. In making a CBD office change, Avalon Advisors exits a sublease and doubles the office size with a medium-term direct lease.

By Jennifer Brenner Andrade | Updated on March 04, 2004

HOUSTON-A local investment management firm is switching its CBD address with a medium-term lease for 9,385 sf at Calpine Center and vacating a sublease at Bank of America to double the office area.

Avalon Advisors LP will move within three weeks into the class A space, George W. “Trey” Strake in Cushman & Wakefield of Texas Inc.’s Houston office, tells GlobeSt.com. He says the investment manager chose the 33-story, 705,000-sf Calpine Center because of the favorable economic conditions and upscale image offered by the newly constructed, granite-clad building. The high-rise’s quoted rate ranges from $13 per sf to $18 per sf.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.