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HOUSTON-The Houston office market has rung up positive 63,165 sf at the second-quarter close although the year-to-date total is still a negative 249,138 sf, according to a sneak preview from Jones Lang LaSalle. Meanwhile, the third-quarter leadoff in the Galleria submarket has brought another round of leases to signal that the tide might have turned.

Kenneth Wise of the Houston office of Jones Lang LaSalle tells GlobeSt.com that vacancy in the Galleria submarket, including sublease space, was 18.44% at the end of the second quarter. Westchase is posting a 27% vacancy and Northbelt, 24%. As for the rest of the market’s standing at the Q2 close: Stay tuned, more information will be formally released in the near future.

Wise, like others who work in the Galleria submarket, is feeling optimistic thanks to a leasing flurry in recent weeks. Three deals, totaling about 34,000 sf, have closed for Walden Street Capital’s 2700 Post Oak Blvd., a 25-story, 490,152-sf tower.

Wise represented Chicago-based Walden in leases with Trinity Consultants Inc., Cumulus Media Inc., GLOFEX LP and attorneys Jones Young Husain. Wise said the rates ranged from $21 per to $23 per sf and terms ranging from three to 10 years. With the new deals, the building is 74% occupied.

Dallas-based Trinity Consultants reserved 12,615 sf on the building’s 17th floor. Don Foster of the Houston office of Dallas-based Staubach Co. represented the tenant. Cumulus Media Inc. leased 11,856 sf on the 23rd floor. Staubach’s Bruce Fehn negotiated the deal for Cumulus.

Foster also represented GLOFEX LP in a 5,731 sf on the 10th floor while the law firm took 3,361 sf on the 12th floor. The attorneys brokered their own deal.

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