HOUSTON-Three new tenants have signed lease agreements totaling52,000 square feet at Marathon Oil Tower. The companies are AonCorp., KNOC USA Corp. and Huffco Group. Additionally, four tenantshave renewed their leases for a total of 39,458 square feet.

With the new leases, the a 41-story, Class-A office building is92 percent leased, according to Bill Caulfield, director – assetmanagement for Hanover Real Estate Partners, the property’sGreenwich, CT-based owner. Located in the Galleria area, MarathonOil Tower property, asking rental rates range from $16.50 to $18.50per square foot, triple-net.

“We are definitely seeing a positive change in activity,”Caulfield tells GlobeSt. “It’s hard to tell, but improvements inthe economy have definitely contributed to the increasing activityas compared to a year or so ago when there was no activity.”