Teleport Communications Houston Inc. has signed an eight-year,three-month lease for 2,952 sf. The company is paying $828,000 forthis lease, but leasing manager Dan Egger of Jones Lang LaSalle,who represented the landlord in the lease transaction tellsGlobeSt.com this lease is a renewal of a portion of the total spaceTeleport occupies in the building.

He says the tenant, which stores switch equipment for localservice in the space, started with a lease for 11,043 sf at thebuilding in 1994. The company has expanded several times, he says,and currently occupies a total of 21,576 sf.

Teleport was represented by Scott Willenbrock of the Houstonoffice of CB Richard Ellis. The building is co-owned by New YorkCity-based Angelo, Gordon LP and San Diego-based Shidler Group. Thebuilding is part of a portfolio that Angelo, Gordon LP and theShidler Group purchased in April 1998 from the Sinar Mas group ofJakarta, Indonesia.