THE WOODLANDS, TX-A recent 21,000-sf leasing streak at Parkwood I and II, a two-building, 185,585-sf office complex at 1005 and 10077 Grogan’s Mill Rd. in this north Houston suburb has brought the project to 96% occupancy.

The inked has yet to dry on the last two leases, both of which are with law firms. Greg Tilton with the Houston office of Transwestern Commercial Services is handling leasing at the class A property. Tilton tells GlobeSt.com his firm began leasing the asset in November of 2003.

Just signed are Thomas M Fountain & Associates, a law firm that has agreed to a seven-year lease for 3,000 sf. The attorneys won’t move in, however, for another 60 to 90 days, says Tilton. In addition, CL Crawley, Jr. PC, an attorney, has also inked a five-year deal for 2,500-sf. Crawley’s space is currently under construction, says Tilton, and move in is expected within the next 30 days.

According to Tilton, in the past few months law firm, Orgain, Bell & Tucker moved into a six-year, 8,000-sf lease; the Woodlands Asset Management settled into a five-year, 3,400-sf lease; and Great Western Loans moved into a five-year, 4,700-sf lease.

The 100,155-sf Parkwood I, built in 1983, has MGL Consulting as the lead tenant with a 20,796-sf lease. The 95,973-sf Parkwood II, built in 1994, has two tenants: Entergy Enterprises, 76,186 sf, and Technology Partners, 19,787 sf. Entergy Enterprises’ lease is locked in through December 2006. Asking lease rates at the complex, which is owned by Triple Net Properties of Santa Ana, CA, are $21 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?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

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 © 2024 ALM Global, LLC. All Rights Reserved.