Charles Scoville with the Houston office of Grubb & Ellis Co. tells GlobeSt.com that the new deal held occupancy at 82% for the 179,061-sf office building. He and Steve Rocher, also with Grubb &Ellis, represented the building owner, Unilev Management. Justin Leighton and Scott Wegmann with Cushman & Wakefield of Texas Inc.'s Houston office represented the tenant in the negotiations.
Scoville says the building has been slightly outperforming the Galleria market because it is located just west of traffic congestion now plaguing that area. And, he adds, the property is closer to executive housing along Memorial Drive and the "Villages" than most other Galleria office buildings, offering easy access to all major transportation arteries. The Galleria's 10.6-million-sf inventory of class B product is 81% occupied.
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