Property One Inc. of Beaumont had the leasing assignment for thebuilding at 350 Pine St., and according to Capstar CommercialHouston office vice president Brian McMackin, the company did agreat job in securing long-term leases with Chicago Bridge &Iron and Entergy. "I think Lexington's idea behind engaging Capstarhad to do with wanting a company out of Houston," says McMackin,who is working with Capstar vice president Clint Bawcom on theassignment.

McMackin tells GlobeSt.com that close to 114,000 sf of the early1908s building is vacant, leaving a 73% occupancy. Entergy has fivefloors; Chicago Bridge & Iron has four, with 75,000 sf ofcontiguous space currently available along with other parcels. Thelease asking rate is $15.50 per sf, net. McMackin says the buildingis ideally positioned to take advantage of Beaumont's downtowndistrict, as well as the city's waterfront. "There's been atremendous amount of investment in the Port of Beaumont," he says."The city is also working on an active downtown."

He says that Lexington is interested in "spiffing up" EdisonPlaza. To that end, the New York City building owner has teamedwith Houston architect Ziegler Cooper Architects to develop someupgrade ideas, though a major renovation isn't necessarily in thecards.