EMC Corp. Seals Five-Year Renewal

HOUSTON-EMC Corp., headquartered in Hopkinton, MA, has signed a deal for its second five-term lease for 19,478 sf at the class A One Riverway Building, in the Galleria submarket. The deal involves a minimal retooling of its office.

One Riverway’s quoted rate is $21 per sf. According to Steve Rocher, senior vice president of Trammell Crow Co.’s Houston office, the transaction brings the 481,222-sf office building, developed during the late 1970s, to 92% occupancy. “We have several deals working there and should be close to 95% shortly,” he tells GlobeSt.com.

Rocher says EMC had moved into its current space five years ago. The renewal, he says, was a “strong one” for both sides.

Rocher teamed with TCC colleague Dave Hanusa to represent the building owner, Unilev Capital Corporation of Beverly Hills, CA. EMC, which provides information storage and management services, was self-represented in the transaction. The Houston office is responsible, in part, for assisting with documentation services and storage.