Establishing a Presence in Houston

Client
  • Spire
Space
  • 13,000 sq. ft.
Industry
  • Energy
Locations
  • Houston
Services Provided
  • Transaction Management
Cresa Team
  • Gary Lawless, Jr.

Client Objectives

  • Spire was in the market to establish a Houston office that would help attract and retain top talent, wanting to balance quality of space with cost to meet all their corporate objectives.
  • The client needed to determine the best location to set up trading operations as well as asset management.
  • To meet their own tight schedule, Spire was seeking a short-term location to get the business unit up and running while a long-term solution could be negotiated.

Results

  • Cresa secured co-working space for two different business units, getting Spire operational within a month in the CBD
  • Cresa then performed a multi-submarket location study before identifying a short list of potential buildings.
  • To maximize leverage and maximize the best cost to quality ratio, Cresa negotiated with multiple landlords simultaneously.
  • In addition, Spire was provided a competitive analysis with benchmarking to set a baseline for the client’s real estate needs and help them make an informed decision.

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