Search
 

Two Leases Close Off 12,030 SF in Energy Corridor

HOUSTON-BP Federal Credit Union re-ups a 5,439-sf pact for another two years while TIC International LP takes 6,591 sf for five years to put its headquarters into Two WestLake Park, a class A office building with a 74% occupancy.

By Jennifer D. Duell | Updated on April 20, 2005

HOUSTON-Two pacts, totaling 12,030 sf, have been signed for Two WestLake Park, a class A office building in the Energy Corridor. BP Federal Credit Union renewed a lease for 5,439 sf until 2007 and TIC International LP signed a five-year lease for 6,591 sf for its corporate headquarters.

The deals take occupancy to 74% in the 377,077-sf building at 580 WestLake Park Blvd., where the quoted rent is $23 per sf. “We still have three full floors available,” Kevin Brands, senior vice president and asset manager for the Chicago-based owner, CMD Realty Investors, tells GlobeSt.com. Wade Bowlin and Michael Martin with Houston-based PM Realty Group brokered both transactions.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.