Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Another Swiss company has taken a spot in the Houston region. This time, it’s ABB Lummus Global Inc., which has signed for 47,238 sf at 10011 Meadowglen in Houston proper.

ABB is a business-to-business supplier in power and automation technologies to utility and industry customers, including the oil and gas industry, for performance improvement and lower environmental impact. ABB has 160,000 employees in more than 100 countries. In Sugar Land, ABB Automation has renewed a 52,678-sf lease and added 42,035 sf.

Steve Rocher and Mark Preston, both of Grubb & Ellis Co.’s Houston office, represented ABB Lummus. Mike Boehler of the Staubach Co. handled talks for building owner, CC Fortune. The property is located in southwest Houston in the Westchase submarket, one of the city’s strongest office submarkets. According to Grubb & Ellis’ most recent research, the submarket has about 8.8 million sf and a 20.1% vacancy rate. Class A lease rates in this submarket average $23.55 per sf while class B averages $17.79 per sf. The submarket also currently has about 174,000 sf under construction.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.