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Four Class A Leases Close Off 17,400 SF

HOUSTON-Three office deals fall to Crescent's 1800 West Loop South, which has a "for sale" sign hanging on the 400,000-sf asset, and the fourth in the stack goes to Three Post Oak Central as a temp service sets up shop in the building's retail component.

By Jennifer Brenner Andrade | Updated on March 18, 2004

HOUSTON-One retail and three office leases for a combined 17,400 sf of class A space have been inked for a pair of Crescent Real Estate Equities Co. buildings, including one that’s for sale, in the West Loop/Galleria submarket.

With a “for sale” sign quietly hanging, the 400,000-sf 1800 West Loop South landed a trio of leases that took occupancy to 70%, Bill Schneidau, the Fort-Worth-based Crescent’s leasing manager in Houston, tells GlobeSt.com. Taking space with medium-term leases were locally based Pickering Energy Partners Inc., 6,272 sf; Nynas Inc., a local oil company, 3,556 sf; and Empire Mortgage, 2,757 sf. Don King and David Bale, both in the Houston office of Dallas-based Staubach Co. represented Pickering and Nynas, respectively. Empire Mortgage worked directly with Schneidau. Because the property’s on the market, the quoted rate is being closely guarded, but comparable class A space in the area is averaging $20.37 per sf.

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