Banta Re-Ups With New 259,200-SF Lease

HOUSTON-In an early renewal move, print services company Banta Corp. opted to remain in its current location of nine years by renewing its 259,200-square-foot lease at West by Northwest Business Park. The medium-term agreement includes an option that could extend the lease to seven years.

Tenant representative Micheal Palmer, senior vice president with CB Richard Ellis’ Houston office says Banta’s lease at 6315 West by Northwest was due to expire in late 2009. When property owner Claymoore Northwest Inc. represented by managing director Brian Gammill with Transwestern’s Houston office wanted to renegotiate an earlier deal, Banta was willing to cooperate.

Though specific financial details were not available, similar air-conditioned industrial space in the northwest submarket can lease for between $.50 per square foot and $.55 per square foot, net. There were negligible TIs with the Banta lease. “The space had been very well maintained,” says Palmer, who worked with CBRE vice president John Simons and associate Susana Rosas on behalf of Dallas-based Claymoore Northwest.