The inked has yet to dry on the last two leases, both of which are with law firms. Greg Tilton with the Houston office of Transwestern Commercial Services is handling leasing at the class A property. Tilton tells GlobeSt.com his firm began leasing the asset in November of 2003.
Just signed are Thomas M Fountain & Associates, a law firm that has agreed to a seven-year lease for 3,000 sf. The attorneys won't move in, however, for another 60 to 90 days, says Tilton. In addition, CL Crawley, Jr. PC, an attorney, has also inked a five-year deal for 2,500-sf. Crawley's space is currently under construction, says Tilton, and move in is expected within the next 30 days.
According to Tilton, in the past few months law firm, Orgain, Bell & Tucker moved into a six-year, 8,000-sf lease; the Woodlands Asset Management settled into a five-year, 3,400-sf lease; and Great Western Loans moved into a five-year, 4,700-sf lease.
The 100,155-sf Parkwood I, built in 1983, has MGL Consulting as the lead tenant with a 20,796-sf lease. The 95,973-sf Parkwood II, built in 1994, has two tenants: Entergy Enterprises, 76,186 sf, and Technology Partners, 19,787 sf. Entergy Enterprises' lease is locked in through December 2006. Asking lease rates at the complex, which is owned by Triple Net Properties of Santa Ana, CA, are $21 per sf.
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