X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON-Accudata Systems Inc. has penned a medium-term renewal for a 7,656-sf corporate headquarters office, the largest single space taker in the 116,848-sf Northchase Plaza at 13700 Veterans Memorial Dr. in the FM 1960 submarket.

The Accudata headquarters has been in the building since May 1992, Robby Organ with Caldwell Watson Real Estate Group in Houston tells GlobeSt.com. Organ holds the leasing assignment for the building, owned by an investment partnership with Caldwell Watson as the principal player.

Pauline Phillips of locally based Tomlinson Commercial represented Accudata, an IT consulting and integration firm. According to Organ, Accudata surveyed the surrounding market before renewing at the 81%-leased, class B building. The asking rate is $14 per sf.

Unlike its suburban peers, the FM 1960 submarket had a negative absorption of 82,251 sf for the year in a 6.4-million-sf office inventory, according to the latest report by Trione & Gordon in Houston. The submarket’s average rent is $18.85 per sf.

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.