HOUSTON—Green Greenwich, CT-based Hanover Real Estate Partners (“Hanover”), a privately held real estate investment company focused on owning, managing and operating institutional grade commercial real estate assets across the United States, has completed leasing and investment activity at its three Texas properties. In 2012 and to date, Hanover secured seven new lease agreements and has undertaken more than $8 million in tenant and property improvements and upgrades.

Leasing:

Between its Marathon Oil Tower property, a 41-story, Class-A office building located in Houston, and its San Antonio-based Colonial Center and Citizens Center properties, four-story and five-story commercial office buildings respectively, Hanover secured the following lease agreements in 2012 and to date:

• Marathon Oil Tower, Houston – Hanover entered into new lease agreements with Baker Hughes for 41,119 square feet, Pacific Rubiales for 10,114 square feet, Group Dynamics International for 2,089 square feet and CBRE for 2,657 square feet. CBRE provides on-site property management services for Marathon Oil Tower. In addition, existing tenants Duke Energy and Frost Insurance renewed leases for 42, 576 and 6,585 square feet respectively and Texas Dow Employees Credit Union expanded its existing lease from 2,281 to 9,491 square feet.
• Colonial Center and Citizens Center, San Antonio – Hanover entered into new lease agreements with Infinity Funding for 2, 698 square feet, Congressman Joaquin Castro for 1,111 square feet and SL Lending for 605 square feet. In addition, The Art Institute of San Antonio expanded its existing lease by 6,867 square feet from 35,317 to 42,184 square feet. Signtronix extended its 732 square foot lease.

Property Improvements and Upgrades: