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HQ Tenant Claims 70,000 SF of $30M Project

HOUSTON-Natco Group Inc. inks a 10-year prelease for the 144,000-sf DNA Westway Park Office. The building delivers in one year.

By Amy Wolff Sorter | Updated on November 17, 2006

HOUSTON-An oil industry production processor is taking 70,000 sf for its headquarters in a 144,000-sf spec office project in Westway Park. Natco Group Inc. has signed a 10-year prelease for the $30-million building.

The DNA Westway Park just broke ground at the corner of Equity Drive and Beltway 8. “We’d conceived this as a spec building, but they showed up mid-stream here and needed the space,” says Peter Dienna, CEO and president of Dienna Nelson Augustine Co. of Houston. It will deliver in November 2007.

The lease’s payout is being kept confidential, but the quoted rate is $16.50 net. Natco was represented by Jim Bailey and Trey Strake with Cushman & Wakefield of Texas Inc. in Houston. The firm is now located at 2950 N. Loop West.

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