X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-A Bank of America expansion has increased occupancy to 82% in the Cornerstone Regency building at 14511 Falling Creek Dr. in northwest Houston. The building’s brokers also signed a direct deal with a tenant who’s been subleasing.

Bank of America, a tenant since 1993, boosted its office lease from 2,900 sf to 5,837 sf in a long-term signing, Mary Descant Caldwell of Houston’s Caldwell Watson Real Estate tells GlobeSt.com. She represented the building owner, Cornerstone Northchase Venture LP. Joe Cicardo of Dallas-based Trammell Crow Co.’s Houston office acted for Bank of America in the transaction.

In the direct deal, Attorney Howard Walker and CPA Todd Fleury held onto a 1,989-sf office in the 70,999-sf office building. Caldwell says the duo replaced a sublease with a direct, medium-term lease. In line with the signing, they got TIs to make over the office to meet their needs, she says. Walker represented the tenants’ interest in the lease negotiations.

The 20-year-old, five-story building has an asking rate of $14.50 per sf. Lead tenants include Nationwide Insurance, which occupies 11% of the building; Keller Williams Realty Inc., also leasing 11%; and Dominion Minerals Corp., with 2%.

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

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.