Project Management Firm Leases 66,000 SF

SUGARLAND, TX-Phoenix of Texas LLC has signed a lease for 66,000 square feet at Sugarland Business Park, transitioning its short-term lease into a long-term lease.

The firm, which offers process-improvement and cost savings services for large construction projects, looks to align length of the their leases to the length of their contracts so as to not overexpose themselves on real estate leases, thereby keeping costs low, according to Beau Kaleel with Cushman & Wakefield of Texas Inc. He represented the tenant in the lease negotiations, while Jude Filippone of Transwestern represented the landlord, Cobalt Industrial REIT II.