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Stanford Financial Games Out 112,000-SF, Class A Expansion

HOUSTON-Stanford Financial Group will shift back-office operations across the street into leased offices at Galleria Tower II to free up space at its headquarters building so the client-services division can expand. The deal is delivered with a 10-year term.

By Jennifer D. Duell | Updated on January 26, 2005

HOUSTON-With plans to move its back-office operations, Stanford Financial Group has signed a 10-year lease for 112,000 sf of class A office space at Galleria Tower II. The asset management company will maintain its corporate headquarters across the street at 5050 Westheimer Rd.

“We remodeled our current building and plan to use it for more client-related activities,” says Robert Cramer of Stanford Financial Group, adding the new space allows the company to grow the retail and back-office operations. The company has owned the 72,000-sf, four-story headquarters building since 1996. “It’s more convenient for our clients because it has its own parking garage and is street-level,” he says.

Cramer tells GlobeSt.com that Stanford Financial Group plans to relocate the back-office operation in phases, starting in April. The team will occupy seven floors of the 320,359-sf Galleria Tower II at 5051 Westheimer Rd. Departments that will move are human resources, accounting, legal, information technology and advertising.

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