Moody Rambin's Mark Preston tells GlobeSt.com that he and Bob Cromwell beat out brokers from at least three other firms vying for the class A leasing assignment for the twin towers. The North Tower at 1233 W. Loop South is 95% occupied and South Tower at 1333 W. Loop South is 46% leased.

"To complete lease-up Moody Rambin Interests provides decades of office leasing experience and a broad reach in the market," Grant Herlitz, CFO of TPMC, said in a press release about the complex's overall 70% occupancy. TPMC had been leasing the complex in house.

Preston says most tenants are new so it will be three years before there is any significant roll in leases. The North Tower's lead tenant is Net IQ, which occupies 60,000 sf; the South Tower's top space taker is Cooper Cameron's 50,000-sf headquarters. He says the marketing campaign for the balance of the office space will focus on leveraging existing relationships in the brokerage community along with a dynamic e-mail campaign, interactive Web site and snail mail. Park Towers' asking rents range from $21 per sf to $22 per sf.

When the South Tower reaches 92% occupancy, Preston says the focus will shift toward finding more office product for TPMC to buy. The search will concentrate on class A office buildings with 200,000 sf or more. Besides the towers, TPMC owns an eight-story, 105,000-sf office building at 700 Rusk St. in the CBD and the 120,000-sf Edwards Entertainment Complex, a mixed-use development in Greenway Plaza.

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