Houston-based Moody Rambin Interests, the property's longtime overseer, would not comment on the changing of the guard of the West Houston asset. Jeff Williford, president of Williford Property Group, tells GlobeSt.com that he has been discussing the contracts with Austin-based St. Germain investment group since it acquired the asset about 2.5 years ago. He says the change came without a competitive bid process once the owner was ready to shift teams.
Williford says the focus for the 98%-leased, class B building will be to retain tenants and upgrade air conditioning. The building just underwent a major lobby renovation. The quoted rate is $15 per sf.
Community State Bank is the lead tenant, occupying 6,985 sf. Newman & Esser USA is the second-largest space taker with 5,404 sf.
Williford Property Group currently manages and leases more than three million sf feet in office properties in the downtown markets of Amarillo, Corpus Christi and Atlanta as well as Houston's Energy Corridor/Katy Freeway and North Belt submarkets. In another recent assignment, Williford was hired by Simmons Vedder & Co. to lease the Madison, a 258-bed student apartment property along 22nd Street in Austin.
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