Headline News from the Houston Office Market
First City Tower Lease
Enervest Takes Space in Houston: Oil and Gas firm Enervest Ltd. has renewed and expanded its corporate headquarters office lease for a total of 117,316 square feet at First City Tower in Houston’s Central Business District. The lease brings the tower to 95 percent occupancy.
Houston Office Market Report: 3Q 2010
Suburban Office Market Continues to Outperform CBD: Houston’s office market at the close of 3Q 2010 showed a slight improvement from the previous quarter, with a stronger performing suburban sector, compared to the Central Business District (CBD). Although leasing activity picked up, vacancy increased slightly. Year-over-year change in office occupancy citywide was moderate with 83.3 percent occupancy at the end of the third quarter compared to 83.8 percent in the same quarter last year.
Greenway Plaza Lease
Fulcrum Power Services has leased 34,132 square feet on the top floor of 3800 Buffalo Speedway in Greenway Plaza in a deal that consolidates three office locations. 3800 Buffalo Speedway is now 82% occupancy as a result of the lease.
Houston Center Buildings get LEED Certifications
USGBC Recognizes Crescent for Green Efforts in Existing Buildings: Crescent Real Estate Holdings’ Fullbright Tower and 1 Houston Center received LEED Gold certification for Existing Buildings from The U.S. Green Building Council. The designation gives Crescent more than 3 million square feet of LEED certified Class A office space in Texas and follows the announcement last month that Crescent was named an Energy Star 2009 Top Performer. The 1.25 million-square-foot Fullbright Tower is in Crescent’s Houston Center complex and is the first property in Crescent’s U.S. portfolio to receive gold certification, which is the second highest classification for existing buildings.