Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-RWE Trading Americas, based in Essen, Germany, has leased 24,625 sf of office space on Houston’s energy trading floor at 4 Houston Center in the CBD.

The seventh-floor office is RWE’s first US location and will serve as the US headquarters. The signing takes the 674,246-sf office building to 97% occupancy.

“Houston is the nucleus and core of the energy industry. It is the place to be for energy trading,” says Bill Corrsh, RWE’s president. “In addition to positioning us to thrive in a city rich in energy services, Houston Center’s location and amenities met all of our business and employees’ needs.”

Debbie Wilson, leasing manager for Houston Center, represented the building owner, Ft. Worth-based Crescent Real Estate Equities LP. The Calibre Group Inc.’s Candace Baggett, president, and Marian Livingston, vice president, negotiated on the tenant’s behalf. “We faced a number of challenges in negotiating RWE Trading Co.’s complex lease,” Baggett tells GlobeSt.com. “Our mission was to structure a flexible lease that would meet RWE’s technological infrastructure requirements, while also allowing this major company maximum opportunity for growth.” The office building’s unobstructed floor plates played a key factor in the decision-making process, she says.

“Another challenge was that space availability in downtown Houston remains somewhat tight for tenants of class A buildings,” Livingston adds. She says her research puts class A vacancy at roughly 5% and closer to 8% if sublease space is factored into the tabulation.

RWE Trading runs wholesale trading in the European market and will trade energy, gas, coal and oil under the name RWE Trading Americas Inc. The company has trading offices in London and sales and trading offices in Hoofdorp near Amsterdam, Warsaw, Paris, Madrid and Vienna.

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.