Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Verizon Wireless has doubled its 5959 Corporate Dr. office lease to accommodate a triple location consolidation of call center operations and regional business offices. The new deal encompasses 193,082 sf or all of the second floor as well as office space on the first and lower levels of the four-story, 567,000-sf structure.

The office integration “will better serve our Houston/Gulf Coast customers,” Katherine Greene, Verizon Wireless’ regional president, said in a prepared statement. Verizon officially became a tenant in July 2000 when it was formed out of several related companies, including PrimeCo Personal Communications, the leaseholder, according to a Verizon contact.

Amy Toups, director for the Dallas-based owner WiredZone, tells GlobeSt.com that Verizon’s new longer term lease runs for 12 years. James J. Arket, senior vice president with the Houston office of Grubb & Ellis Co. represented Verizon at the bargaining table. Andrew Spence of Cushman & Wakefield of Texas Inc.’s Houston team was WiredZone’s representative.

Arket said “the local lease expansion by one of the nation’s largest telecommunications companies further demonstrates the diversification of Houston’s employment base.” Verizon will be moving from 100 Glenborough in the Greenspoint submarket and 3434 Savoy in Westchase. In all, Verizon’s Houston presence entails 55 retail locations, two call centers, executive offices and a network switch facility.

Greene said the building’s “quality and depth of power redundancy” was the impetus for expanding its lease rather than seeking office space elsewhere. WiredZone touts its properties as being made for people and machines, unlike machine-oriented telecom hotels.

The WiredZone building is an intensive band-width location with high-tech, high-powered measures designed to stand up against service interruptions, water infiltration and other telecommunications breakdowns. Vance Detwiler, WiredZone’s managing director, says the redundancy and building security are crucial factors for all of its tenants. Other features include high-bandwidth connectivity, sophisticated HVAC systems and heavy floor loads.

WiredZone bought 5959 Corporate Dr. in 1999. It is now 91% occupied. Office space is going for $20 per sf to $24 per sf plus electric, with the bottom line hinging as usual on several factors including placement.

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
  • 3 free articles* across the ALM subscription network every 30 days
  • 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 © 2020 ALM Media Properties, LLC. All Rights Reserved.