HOUSTON—While COVID has done a number on metro office leasing, some properties continue to attract high-level tenants. Beltway 8 is one such asset, with a desirable location and institutional-level management by Denver-based EverWest Real Estate Investors.
"The pandemic has had a notable impact on leasing volume in metro Houston, keeping many office users on the sidelines as they wait to make any long-term real estate decisions," said Della Wegman, EverWest managing director.
With this new lease, Sourcepoint Inc. commits to 34,852 square feet, bringing the EverWest property to 100% occupied. Sourcepoint, a provider of technology-based solutions to the US mortgage industry, will use the space for mortgage underwriting, processing and closings. The company, which is already located in Houston, is scheduled to move to the building at 8101 W. Sam Houston Parkway S in late 2020. The new space will house its current Houston operations and provide room for expansion.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
