Two months after five Insignia/ESG brokers, including the office's top executive, moved to McCord, the owner of 1900 Yorktown has reassigned the 93%-leased property in the Galleria submarket. Back in charge of the six-story asset are Peyton Collins, senior director of new business development for McCord; Jerald King, director of leasing; Mike Sweatt, director of property management; Jeff Stringer, director of construction management; and Derek Beck, leasing director.
Clint Harrington, McCord's executive vice president, tells GlobeSt.com that the team came to the firm in May with no assignments in tow, but he does hope their relationships and experiences, as it was with Pacific Properties of Stamford, CT, will lead to future assignments. He declined comment if there are any more contracts pending at this time. "But," he says, "we know that we have to always earn the business." Executives for CB Richard Ellis Inc. and I/ESG's former leaders all declined comment on the assignment loss.
King is leasing the class B building and McCord's Barbara Fletcher is managing it.The lead tenant is the Art Institute of Houston, which has indicated it will stay put and possibly expand, according to Harrington.
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