Case Study: Orion Marine Group

by CoyDavidson on September 15, 2009

Introduction

orion3

Orion Marine Group had outgrown its single tenant Corporate Headquarters location at 12550 Fuqua and was in the 4th year of a 10 year lease term. The client had a need to secure additional space to accommodate current space needs and expected future staff growth.

Challenge

  • Identify attractive building options suitable for relocation of Corporate Headquarters staff with close proximity to existing operations.
  • Healthy office submarket with limited space options.
  • Meet Budgetary requirements.

Services

  • Tenant Representation
  • Transaction Management

Results

  • Transaction process resulted in 12000 Aerospace as an ideal location for relocation of Corporate Headquarters.
  • Negotiated aggressive lease terms with an attractive concession package.
  • Provided space and growth capabilities for remaining corporate divisions at existing location.

In the Client’s Words

  • “Coy and the Colliers International  team effectively identified and implemented a solution to our  office space requirements.”

Christopher DeAlmeida
Director of Investor Relations
Orion Marine Group, Inc.

Property Details

  • 12000 Aeropace Avenue
  • 10,983 SF
  • 91 month term
  • Houston | NASA/Clear Lake

Tenant Project Team

  • Tenant Advisor: Coy Davidson-Colliers International
  • Legal Counsel: Albert Hiller-Zimmerman, Axelrad, Meyer, Stern & Wise, P.C.
  • Architect: William Burwell-Burwell Architects
  • General Contractor: John Byrd, Buddy LeBlanc-Byrd Interior Construction
  • Office Furniture: J. Tyler Office Furniture & Services

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