Success Stories

Just Energy

Houston, Texas
46,417 SF
Cresa Houston, TX
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Client Objectives

  • Just Energy TX L.P. acquired another energy company, Fulcrum Retail Holdings, LLC, and desired to   sublease the acquired company’s space and move the entity to the existing headquarter space at 5251 Westheimer (Galleria Plaza I)
  • Client also desired to expand, renew, and extend the term on its 27,136-square-foot headquarter space

Results

  • Negotiated a renewal on the headquarter location which expanded the space at Galleria Plaza I by 19,281 SF, for a total of 46,417 SF, and extended the term by 10.5 years
  • Found a tenant, QuantLab, to sublease the acquired company’s space in 3800 Buffalo Speedway, totaling 34,132 SF
  • Client was able to consolidate into a space which suited its needs while securing a tenant for unused space

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