Search
 

Adoption Agency Pens 10-Year Relocation Lease

HOUSTON-Spaulding for Children moves into 10,884 sf of class B office space after being pushed out of its building because it's being demolished to make way for the Interstate 10 expansion. The agency had eight years left on its lease when it had to move.

By Jennifer D. Duell | Updated on May 25, 2005

HOUSTON-An adoption agency has found a new home after losing its existing space because of eminent domain.

Spaulding for Children inked a 10-year pact for 10,884 sf of class B office space in 8554 Katy Freeway, getting first-floor space, building and monument signs and a private entrance. The agency moved from the building next door at 8552 Katy Freeway, says Chuck Goldstein, a partner with Cresa Partners’ local office who represented the agency. Bill Stone with Jones Lang LaSalle Inc.’s Houston office negotiated terms for the local building owner, West Memorial Park Office LP.

Goldstein tells GlobeSt.com that Spaulding for Children had about eight years left on its lease, but could have moved anywhere because the building was being torn down to accommodate the widening of Interstate 10. “The owner made Spaulding a deal that was very attractive,” he says.

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.