HOUSTON-Southern Union Co. has inked a 10-year lease for 193,000 square feet in Galleria Tower II. The gas company will relocate its US headquarters from 5444 Westheimer Rd. to 5051 Westheimer Rd. in the fourth quarter 2011.
The Southern Union lease increases occupancy at the 21-story, class A building to 91% from 32%. The 320,359-square-foot office building lost a key tenant more than 12 months ago when Stanford Financial Group vacated 160,000 square feet.
“Southern Union will backfill the entire block of space vacated by Stanford plus some,” says Chip Colvill, president of Colvill Office Properties, adding that the company will occupy floors six thru 17.
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