Bank of America, a tenant since 1993, boosted its office lease from 2,900 sf to 5,837 sf in a long-term signing, Mary Descant Caldwell of Houston's Caldwell Watson Real Estate tells GlobeSt.com. She represented the building owner, Cornerstone Northchase Venture LP. Joe Cicardo of Dallas-based Trammell Crow Co.'s Houston office acted for Bank of America in the transaction.
In the direct deal, Attorney Howard Walker and CPA Todd Fleury held onto a 1,989-sf office in the 70,999-sf office building. Caldwell says the duo replaced a sublease with a direct, medium-term lease. In line with the signing, they got TIs to make over the office to meet their needs, she says. Walker represented the tenants' interest in the lease negotiations.
The 20-year-old, five-story building has an asking rate of $14.50 per sf. Lead tenants include Nationwide Insurance, which occupies 11% of the building; Keller Williams Realty Inc., also leasing 11%; and Dominion Minerals Corp., with 2%.
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