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HOUSTON-Houston-based Lueders & Boanerges has signed a three-year renewal for 9,558 sf at 9432 Old Katy Rd. in the Katy Freeway submarket.

The firm looked at other office options in West Houston, but was lured into staying by an attractive rate from the building owner, a contact for Trione & Gordon ONCOR International in Houston tells GlobeSt.com. The 60,000-sf, class B building’s quoted rate falls between $14 per sf to $15 per sf versus the category’s average of $18.79 per sf in the Katy Freeway submarket. The class B inventory of 537,754 sf is shouldering a 28.4% vacancy whereas the submarket’s class A product, totaling 1.8 million sf, is 8.3% empty, according to Trione & Gordon’s researchers.

Tommy Wilson with Trione & Gordon negotiated on the tenant’s behalf. The building owner, Sessan Investments Inc., used an in-house representative, Martha Tillman.

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