September 27, 2011

GE Oil & Gas Fully Leases 182,000-SF Westway III

STON-GE Oil & Gas has inked a deal to lease the entire office space at Westway III, an 182,000-square-foot Class A office building located at 4425 Westway Blvd in Houston. Principal Real Estate Investors is the owner of the property. GE has expanded its current lease at Westway II located at 4424 West Sam Houston Parkway North to over 130,000 square feet by leasing an additional 50,000 square feet.

Houston Site Acquisitions specializes in Houston Commercial Real Estate including Houston Office Space, Houston Industrial Space, Houston Warehouse Space, Houston retail Space, and investment property. For commercial real estate assistance please contact us at 713-789-8700 or fill out the easy to fill out form located at the top right hand corner of this page. http://www.hsacq.com

November 22, 2009 by HSACQ · 7 Comments 

Houston Office Space ,Houston Office Spaces, and Houston Office Buildings service listings guide, for Houston Office space lease, Houston Office space for sale, Houston Office Space news, Houston Office Space information, and Houston Office space discussion. Houston Office Space in Houston, Texas, U.S.A. is Houston Site Acquisitions. www.HoustonOfficeSpaces.com . www.HoustonOfficeBuilding.com, www.HoustonOfficeBuildings.com, Need Space ? We can help. Free Location Service Citywide. Let Houston Site Acquisitions www.HoustonOfficeSpaceHouston.com find your office space in Houston,Texas.

September 27, 2011 ET

Houston Tower Could Get Record Price

HOUSTON-According to a Houston Chronicle report, real estate experts predict that the sale of Hess Tower, an 844,000-square-foot office tower located in downtown Houston, could fetch as high as $444 million, which translates into $525 per square foot. Trammell Crow Co. was the developer of the 29-floor office building completed in 2010. Hess Corp. is the sole occupant of the building located close to the George R. Brown Convention Center.

Houston Site Acquisitions specializes in Houston Commercial Real Estate including Houston Office Space, Houston Industrial Space, Houston Warehouse Space, Houston retail Space, and investment property. For commercial real estate assistance please contact us at 713-789-8700 or fill out the easy to fill out form located at the top right hand corner of this page. http://www.hsacq.com

Houston Office Space ,Houston Office Spaces, and Houston Office Buildings service listings guide, for Houston Office space lease, Houston Office space for sale, Houston Office Space news, Houston Office Space information, and Houston Office space discussion. Houston Office Space in Houston, Texas, U.S.A. is Houston Site Acquisitions. www.HoustonOfficeSpaces.com . www.HoustonOfficeBuilding.com, www.HoustonOfficeBuildings.com, Need Space ? We can help. Free Location Service Citywide. Let Houston Site Acquisitions www.HoustonOfficeSpaceHouston.com find your office space in Houston,Texas.

http://www.globest.com/news/2008_2008/houston/314364-1.html

Logistics and Location Drive 206,000 Square-Foot Lease

HOUSTON-GE Oil & Gas has signed a long-term lease to take the entire space at the 182,000-square-foot Westway III. The move will consolidate the energy industry servicer’s multiple locations into one spot in the northwest submarket.

Building owner Principal Real Estate Investors acquired the class A office building in late 2010 when it was vacant. The building at 4425 Westway Blvd. in Westway Park, was completed in 2008. GE Oil & Gas offers a variety of equipment and services to the oil and gas industry including drilling and production, LNG, pipelines and storage and petrochemicals.

Brent Woodruff, Craig Beyer, Sanford Criner, Tommy Alexander and Warren Alexander with CB Richard Ellis represented the tenant. CBRE’s Cody Armbrister and Steve Rocher executed the Westway III deal on behalf of Principal Real Estate Investors. Sharon Dobson, Senior Project Manager with CBRE’s project management division will be in charge of building out of the remaining raw space of the facility. CBRE will also be onsite for the asset’s daily management.

Houston Site Acquisitions specializes in Houston Commercial Real Estate including Houston Office Space, Houston Industrial Space, Houston Warehouse Space, Houston retail Space, and investment property. For commercial real estate assistance please contact us at 713-789-8700 or fill out the easy to fill out form located at the top right hand corner of this page. http://www.hsacq.com

 September 28, 2011 12:26pm ET Logistics and Location Drive 206,000 Square-Foot Lease  

http://www.globest.com/news/2008_2008/houston/314364-1.html

LA PORTE, TX-A need to facilitate storage and distribution of pipe and valves led Ferguson Enterprises Inc. to sign a four-year lease for industrial space at Port Crossing Commerce Center. Ferguson Enterprises, one of the largest distributors of plumbing pipes, valves and fittings in North America, has taken down 206,296 square feet formally occupied by Frontier Logistics.

According to Peter B. Harmon, executive vice president of Port Crossing Commerce Center developer ML Realty Partners, the Virginia-headquartered tenant liked the building’s close proximity to the Houston Port Authority’s Barbours Cut and Bayport terminals. He tells GlobeSt.com that Ferguson Enterprises plans to bring product through the Barbours Cut terminal, warehouse it, then distribute it to clients throughout the U.S. Financial terms were not disclosed, though space is being quoted at $.29 per sqare foot, triple net.

The lease means approximately 100,000 square feet of the 412,000-square-foot building at 1701 S. 16^th St. is vacant. The other tenant in the building is Overland Distribution. Michael J. Taetz, Gary A. Mabray and Jason Dillee of Colliers International represented Port Crossing Commerce Center while John Nicholson of Transwestern represented Ferguson Enterprises.

ML Realty and partner National Property Holdings launched construction on the 300-acre Port Crossing Commerce Center in 2006 and, to date, have built 1.2 million square feet of approximately 3.3 million square feet planned. Harmon says that, except for the 100,000 square feet available, everything else is full. “We’re looking at possibly launching another building next year, but we need to see how things work out going forward,” he says.

Things might be going better than expected, especially in Houston’s southeast submarket. Houston hasn’t been immune to the economic ups and downs of the past several years, but has weathered them better than other parts of the country. “The market, in general, has picked up,” Harmon adds. “The southwest market has had a great run of late.”

Houston Site Acquisitions specializes in Houston Commercial Real Estate including Houston Office Space, Houston Industrial Space, Houston Warehouse Space, Houston retail Space, and investment property. For commercial real estate assistance please contact us at 713-789-8700 or fill out the easy to fill out form located at the top right hand corner of this page. http://www.hsacq.com

Close to Downtown Houston.

PRICE REDUCED:

Description

Investment opportunity. Sold for land value only. Think great redevelopement opportunity. Brick building located in The Heights Area of Houston, right of off Yale Street. Excellent corner lot for office-loft-condominiums or duplex .

Houston Heights area. Access from Yale Street. Close proximity to 610 and downtown.

Excellent Net Leased Investment Opportunity:
Rent : $8,200.00 x 12=$98,400.00

Price: 

$1,380,000

No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein and same is submitted subject to errors, omissions, change of price, rental or other conditions.  

Houston tenant representation company.Houston Tenant Representation Broker. Houston Commercial Broker. Houston Commercial Real Estate Broker. Houston Office Space. Office Space in Houston.Houston Office Lease. Houston Office Space Lease. Houston Office Space Leasing. Start Search 24-7 by filling out the on-line form. Free Location Service Citywide for Houston Office Space,Houston  Industrial Space, Houston Warehouse Space and Houston Retail Space.

Price: $540,000.

FLOORPLAN: Ridge Park 8.5 x11 RV090529 (no furn)

No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein and same is submitted subject to errors, omissions, change of price, rental or other conditions.  

Houston tenant representation company.Houston Tenant Representation Broker. Houston Commercial Broker. Houston Commercial Real Estate Broker. Houston Office Space. Office Space in Houston.Houston Office Lease. Houston Office Space Lease. Houston Office Space Leasing. Start Search 24-7 by filling out the on-line form. Free Location Service Citywide for Houston Office Space,Houston  Industrial Space, Houston Warehouse Space and Houston Retail Space.

It seems to me that most people are used to working with a real estate agent or realtor when considering purchasing a home. However, when it comes to leasing an Houston office space a lot of people are under the impression that they are far better off handling it themselves. I think this is very interesting when in some cases these people have never leased a space in their lives. Sometimes even the most sophisticated of tenants choose to drop whatever they might be doing even if it is negotiating or handling the most high profile cases in some instances to avoid having to use a Houston commercial real estate broker or Houston Tenant Representation company. The main concern appears to be that the commercial real estate agent or Houston Tenant Representation would be earning a commission if they were used for their services.  This is to say that they would conduct the research, identify the locations, arrange appointments, meet with the prospects to show the office space, negotiate concessions and low rents for the tenant,etc. I think you get the picture, but yet some tenants have this idea that they should take time out of their core business to do it themselves instead of generating revenue for their business.  (Houston Office Space, Houston Industrial Space, Houston Retail Space -Houston Site Acquisitions-Start Search & Submit Requirements On-Line 24-7.) Anyway,  I was talking to a lady today who was making calls for her boss who was against securing the services of a tenant representation company or broker but wanted the information we had to be forwarded to them. The first time I contacted the lady (who had actually contacted me initially) she was very short and very against working with our company. After calling and following up several times in spite of her being against using our services she seemed to be more receptive to me and explained that she didn’t mind working with me and it actually sounded like she was tired of this task her boss dumped in her lap.  I decided to ask the lady that I was working with today on an office space requirement that they had for the Galleria Area and downtown Houston if they used a residential agent or realtor when considering the purchase of a home ? She said that she was very used to using an agent for the purchase of her home and that she believed that her boss as well as her friends were also used to using a residential agent as well. She didn’t have any problem with the idea of a commission being paid to a residential agent who worked to sell a home and even understood the concept of having an agent representing both the seller and the buyer in a real estate transaction. In other words she had no problem in this example with two agents or brokers being paid a commisson for the sale of a house. So, I decided to ask her boss had her calling commercial real estate companies to gather information instead of simply using a commercial real estate agent to do the work for them just like they do when they want to buy a house ? She responded by saying that she really didn’t know and that it didn’t make sense to her but that she had to follow orders.  She thought the question was extremely interesting and suggested that I blog about it and so I decided to follow through with a post about it asking for feedback.

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A private partnership called 500 Fannin LLC has purchased the historic downtown building at the corner of Fannin and Prairie.

The 1932 building originally housed the Wilson Stationery & Printing Co. and was most recently owned by Hilcorp Realty.

The new owners plan to renovate the four-story building, which also has a basement, and rent it out to commercial tenants.

The developer will have the help of a recently approved historic preservation grant of about $888,000 from the Downtown Redevelopment Authority. The grant is subject to the completion of the construction of the façade and starts in the authority’s fiscal year 2012.

The Downtown Redevelopment Authority operates the tax increment reinvestment zone that encompasses 60 downtown city blocks. In such zones, some of the property taxes collected from property owners in the area are set aside for reinvestment in the zone.

The building has about 30,000-square-feet of space.

Below is a picture I took this morning, but here’s a flickr page with pictures of the building before it was boarded.

–Purva Patel

http://blog.chron.com/primeproperty/2011/04/makeover-for-historic-downtown-building/ Posted by Purva Patel on April 18, 2011 at 11:16 am

This is a very exciting office building project for downtown Houston that will enhance the immediate area significantly and add quality office space to the North side of downtown Houston east of Main Street.

Houston Site Acquisitions specializes in Houston Commercial Real Estate including , Houston Industrial Space, Houston Warehouse Space, and industrial investment property. For commercial real estate assistance please contact us at 713-789-8700 or fill out the easy to fill out form located at the top right hand corner of this page. http://www.hsacq.com