THE WOODLANDS, TX- BHC Marketing LTD has leased 12,000 square feet at The Reserve at Sierra Pines, bringing the recently completed three-story building to 12 percent occupancy.
The company, which markets insurance products across the nation, signed a five-year lease for the class A space, which will be used for its corporate headquarters. It is relocating from 25227 Grogans Mill Rd., also in The Woodlands, where it has a little less space, says Paul Coonrod, vice president of Stream Realty Partners.
Coonrod and Brad Fricks represented The Reserve at Sierra Pines in the lease negotiations. Andy Iversen and Patrick Valentz of Jackson Cooksey’s Houston office represented BHC Marketing.
“The building and overall development was exactly what BHC Marketing was looking for in a new facility,” Iversen says. “It provides for a very efficient utilization of space.”
Located at 1585 Sawdust Rd., The Reserve at Sierra Pines is a 175,000 square-foot office building that was by Stream Realty Partners in 2009. The building combines an efficient floor plate, LEED Silver status and convenient access to I-45, The Woodlands Parkway and the Town Center. The Reserve at Sierra Pines is property of Stream Realty Partners, L.P.
“Lease up has been in line with the market, and we’re also working with several other prospective tenants right now,” Coonrod says, adding that the asking rate for the building is $18 per square foot, triple net.
Coonrod tells GlobeSt. that BHC Marketing will move into its new space on July 1, 2010, joining Dover Corp., which also is a tenant in the building.
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