Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Two office leases, totaling 73,543 sf, close for Houston office buildings, one of which is in the CBD and the other in the northern sector.

Baker Hughes Inc. renewed 51,972 sf at 15311 Vantage Parkway in North Houston. The Vantage Parkway office is located about 22 miles northeast of Baker Hughes corporate headquarters in the Westchase submarket.

The 22-year-old, 118,372-sf office building is owned by Praedium II Star Two LP, with capital ties to Austin and New York City. The 71%occupied property carries an asking rate of $13.50 per sf.

Patrick Hicks and Patrick Burke, both with Dallas-based Trammell Crow Co.’s Houston office, represented the building owner in the lease negotiations. Randy Wilhelm of Houston’s NAI Partners Commercial bargained on behalf of Baker Hughes.

In another lease, Edge Petroleum Corp. signed for 21,571 sf at Travis Tower at 1301 Travis St. in the CBD. Mike Boehler and Don King, both on the Houston team for Dallas’ Staubach Co., represented the tenant. Building owner Houston-based McCord Development and AEW, used in-house broker Bonnie Kelley to structure its terms.

Travis Tower is a 509,280-sf, 21-story office tower. The 48-year-old building currently is 93% occupied. The quoted rate ranges from $18.50 per sf to $19.50 per sf. Reliant Energy Communications is the anchor tenant, occupying 17% of the office space.

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.