Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-A collections firm has expanded a 58,858-sf lease by 20,586 sf in southwest Houston after weighing all options in the submarket.

LTD Financial Services of Houston renewed and added office space in Arena Tower One at 8322 Southwest Freeway. The tenant’s representative, Jon Silberman in the Houston office of NAI Partners Commercial, tells GlobeSt.com that all options–leasing, buying and building–were considered in the southwest Houston submarket before making the decision to stay. He says the disruption of a move and economics of the deal at Arena Tower One were the convincing factors.

Silberman is mum about the lease length and terms, but the advertised rental rate at the class B, 389,249-sf office building is $15 per sf. LTD will be moving into its new space in early 2004, according to Silberman. Mike Hackett of PM Realty Group, represented the building owner, CSFB 1998 FL1Arena Towers LP, in the transaction for the two-building office complex, constructed in the early 1980s.

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.