Though specific financial considerations of the long-term leasewere not made available, quoted asking rates in the Energy Corridorsubmarket are above $26 per sf. Foster Wheeler will be doing thebulk of its own improvements to the building at 585 N. DairyAshford Rd., and is using the building for consolidation andexpansion. Foster Wheeler is currently located at 2020 DairyAshford Rd.

"The building is topped out now, and they're starting to skin itwith glass," says Aaron Thielhorn, Trammell Crow principal. He saysFoster Wheeler had approached Trammell Crow and its leasing arm, CBRichard Ellis Inc., right after construction began. Additionally,"we had a number of other prospects we were in various stages ofdiscussion with. But this worked out the best, as Foster Wheelerneeded to consolidate its multiple area locations, and they wereable to take the entire building," Thielhorn tells GlobeSt.com.

Thielhorn says plans are in the works for development of theproject's second phase, Energy Center II, which will be adjacent toEnergy Center I. He declined to discuss specifics about the secondphase, but did say the building would be spec.