HOUSTON-Parkway Properties Inc. has added two new tenants to its class A office building at 1401 Enclave Pkwy. in the Energy Corridor. Chemical Market Associates Inc. signed a 10-year lease for 26,000 square feet, and Callon Petroleum Co. signed a 10-year new lease for 12,000 square feet.

The new tenants will backfill a large portion of space Parkway Properties got back last year, according to Mike Fransen, vice president and asset manager for Parkway Properties’ local portfolio. The Jackson, MS-based REIT has owned 1401 Enclave Pkwy. since 2007, and it underwrote the 209,000-square-foot office building with the expectation that Parker Drilling would vacate 52,000 square feet – the entire fifth and sixth floors – when it relocated to Greenway Plaza.

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?


© 2023 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.



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 © 2023 ALM Global, LLC. All Rights Reserved.