The building is part of the 5.2 million sf Koll Bren Schreiber Realty Advisors Houston Portfolio. Michael Adams and Michael Sieger, both of Houston's PM Realty Group, represented the building owner in the lease for the 1331 Gemini St. Michael Stone of Dallas-based Cawley International's Austin office represented Alamo Title at the bargaining table.
The 88%-occupied structure is a three-story design with 60,656 sf. Positioned just off Bay Area Boulevard, it leases for $16.50 per sf.
The Clear Lake/NASA area has 5.8 million sf of office buildings. The Gemini building's occupancy is right in line with the submarket's average of about 87%. Submarket rents average $19.63 per sf for class A buildings; $15.84 per sf for class B; and $11.57 per sf for class C.
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