Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-The 180,000-sf office building at 1455 W. Loop South has been vacant for the last 15 years. An extensive facelift and new leasing agents are expected to get the nine-story, early 1970s vintage veteran back into fighting shape.

Mark Preston and Keith Lloyd, both senior vice presidents with the Houston office of Grubb & Ellis Co., comprise the new marketing and leasing team for the holding of Koswood Investment Corp. Lloyd tells GlobeSt.com that the property is undergoing an extensive renovation to prepare for a spring 2002 reopening.

Citiscape is designing the renovation. The building will get a silver glass-curtain wall and advanced HVAC systems. Lloyd says the finished product will be a solid, class A, boutique West Loop-Uptown Galleria property.

The property will “cater to companies looking for a West Loop presence,” he says. The right tenants, he adds, can garner naming rights to the building or even the marquee. Lloyd says he is talking to several tenants in the 35,000-sf to 100,000-sf range.

The building, which borders Loop 610, Post Oak Park and Post Oak Boulevard, reportedly will boast superior ingress and egress capabilities in comparison to other buildings in the area. Despite its fine expectations, the project must face the fiercely competitive, soft West Loop-Uptown Galleria atmosphere that presides right now. The 28 million-sf Uptown Galleria submarket has almost 4.5 million sf of vacant office space, according to third quarter research.

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?


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.