X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-A seven-year-old Houston information technology and consulting firm has renewed a lease for 17,442 sf at 5301 Hollister, a 66,084-sf office building near US Highway 290 in northwest Houston.

ICONIXX occupies 37% of the building, filling floors two and four. The four-story structure is about 92% occupied. Land N Sea Corp., the second-largest tenant, leases 26% of the office space.

The 22-year-old suburban building, owned by a Dundee, IL-based partnership, was renovated about four years ago. Office space is advertised for $13.50 per sf. According to Trione & Gordon’s third-quarter review, the North Loop/Highway 290 area has average lease rates of $16.43 per sf. The area has an office inventory of more than eight million sf and a vacancy of 15.47%.

Mary Descant Caldwell of Caldwell Watson Real Estate Group in Houston represented the building owner, Northchase MLCV, in the renewal talks. Kyle Kelley and Drew Morris, both with Houston’s Trione & Gordon, bargained for the tenant.

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

GlobeSt

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.