Insight

Cresa Houston Closes on 31,000 SF Office Lease for Mortgage Bank in Galleria

September 13, 2012
HOUSTON, TEXAS – The Houston office of Cresa, North America’s largest tenant representation firm, recently closed the 31,000-square-foot headquarters lease renewal and expansion for Envoy Mortgage, Ltd., a full-service mortgage banking firm, operating retail branch locations with an emphasis on conventional and FHA/VA loans across the United States, currently originating mortgage loans in more than 46 states. David Price, a Principal with Cresa Houston who represented Envoy Mortgage, negotiated the transaction at 5100 Westheimer in the Galleria/Uptown submarket, securing a competitive rental rate structure and improvement allowance as well as signage rights. Joe Evans, Janae Evans, and Rene Luckey of Evtex Companies represented the property owner.


About Cresa
Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Global Accounts, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, and Facilities Services. With more than 57 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world’s largest commercial real estate services firms; Cresa covers more than 255 locations in 40 countries. For more information, visit www.cresa.com.


About Envoy Mortgage
Envoy Mortgage is a full-service mortgage banking firm headquartered in Houston, TX that operates a network of retail branch locations across the U.S., currently originating in 44 states with several more pending. The branches offer a full menu of loan products and knowledge and expertise for all areas of the residential mortgage lending industry. Envoy’s technology enables the company to maintain a completely paperless, in-house origination process, reducing costs and improving efficiencies. For more information, visit www.envoymortgage.com.