Insight

Cresa Houston Closes on 46,417 SF Office Lease In Galleria

Simultaneously subleases 34,132 SF in Greenway

August 29, 2012
HOUSTON, TEXAS – August 29, 2012 – The Houston office of Cresa, North America’s largest tenant representation firm, has closed on a long-term 46,417-square-foot headquarter lease renewal for Just Energy TX, L.P., a leading provider of natural gas, electricity, and green energy solutions, at Galleria Plaza I located at 5251 Westheimer in the Galleria/Uptown submarket. This transaction included an expansion of the premise by 19,281 square feet, in order to accommodate the growing company’s acquisition of Fulcrum Retail Holdings, LLC, which relocated from 3800 Buffalo Speedway. Rollie Andre of
Cresa Houston represented the tenant in this transaction. David Baker and Kelli Crutchfield with Transwestern represented the property owner.

In a separate transaction, Rollie Andre and Rick Romano of Cresa Houston, represented Just Energy in assigning the 34,132-square-foot Fulcrum sublease at 3800 Buffalo Speedway to Quantlab Financial, a technology-driven firm supporting a large-scale quantitative trading operation across a wide range of global financial markets. Reggie Beavan and Brent Mills of Jackson Cooksey provided representation for Quantlab Financial, while Warren Savery of Crescent Real Estate Equities represented the landlord.


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 Just Energy
Established in 1997, Just Energy is primarily a competitive retailer of natural gas and electricity. With offices located across the United States, Canada and, commencing in July 2012, the United Kingdom, Just Energy serves close to 2 million residential and commercial customers through a wide range of energy programs and home comfort services, including fixed-price or price-protected energy program contracts, the rental of water heaters, furnaces and air conditioners and the installation of solar panels. The Company’s JustGreen® products provide consumers with the ability to help them reduce the environmental impact of their everyday energy use. Just Energy is the parent to Amigo Energy, Commerce Energy, Hudson Energy, Hudson Energy Solar, National Home Services, Momentis, Tara Energy and Terra Grain Fuels. Visit www.justenergy.com to learn more. Also, find us on Facebook and follow us on Twitter.