"The space they took over hadn't been vacant for that long,"says Steve Rocher, vice president in Houston for Trammell Crow Co.The long-time tenant at 3838 N. Sam Houston Parkway East providesglobal logistics management and information systems consulting.Rocher and colleague Kristen Rabel represented tenant and owner,BMS Management Inc. of Houston.

Rocher tells GlobeSt.com that the tenant didn't look at otheroffice buildings prior to the renewal and expansion. He says therewas every indication the tenant was happy in the 117,394-sf CrossContinents I. The 93%-leased office building, renovated about fouryears ago, carries a quote of $16 per sf gross. Rocher indicatesthat, at this time, there are no additional leases pending.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
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.