In the larger lease, Leschaco Inc., a freight forwarding firm headquartered in Hamburg, Germany, committed to 5,545 sf of office space at 15355 W. Vantage Parkway near George Bush International Airport. Amanda Graham of Caldwell Watson Real Estate Group in Houston represented the building owner, Praedium II Star Two LP. The 23-year-old building, with a $13.50 per sf quoted rate, contains 118,372 sf.
Pauze Asset Management Co., a local investment adviser, shifted its office in the FM 1960 area from 14340 Torrey Chase Blvd. to 14550 Torrey Chase Blvd., both situated in a cluster of office buildings developed in the early to mid-1980s. In a press release, In a press release, Wanda Wilson of Houston-based PM Realty Group said Pauze's lease was coming up for renewal so corporate leaders decided to check out the surrounding market. She said the class B, six-story Northchase Center won the long-term nod for 2,620 sf because of its rates, building maintenance and layout. The 128,981-sf building is 83% leased and has a quoted rate of $14 per sf.
Andre Granello in the Houston office of NAI Partners Commercial represented the tenant, which specializes in US government, corporate, convertible and municipal bond, fixed-income asset management. Wilson and PM Realty's Marci Phillips handled talks for the building owner, KBS Realty Advisors of Newport Beach, CA.
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