Insight

Oilfield Service Company Leases 36,000 SF in Energy Corridor

October 21, 2013

HOUSTON, TEXAS – October 21, 2013 – The Houston office of Cresa, North America’s largest tenant representation firm, recently closed the following transactions:

 

Petrofac, Inc., one of the world's leading oilfield service companies, recently leased 35,854 square feet at Dairy Ashford Plaza located at 2020 Dairy Ashford in the Energy Corridor. A significant increase in projects both locally led to the new office expansion requirement. Gary Lawless, Jr. with Cresa Houston represented Petrofac, and D.A. Smith with Briarhollow Realty Group provided representation for the landlord in house. [OFFICE]

 

XO Communications Services, LLC, which provides IP communications, managed network, and IT infrastructure to businesses and enterprises, renewed a 12,968-square-foot lease at 1301 Fannin Street in the CBD submarket. 1301 Fannin is a class A, 750,000-square-foot office telecom hotel / data hosting building that is 82% leased. André Granello, a Managing Principal with Cresa Houston, advised the tenant and Chris Lewis represented the landlord, Griffin Partners, in-house.

 

Guidance Software, the industry leader in digital investigative solutions, signed a lease renewal for 5,286 square feet at 1300 Post Oak Boulevard, in the Four Oaks Place complex in the Galleria/Uptown office submarket. Chadd Bolding, an advisor with Cresa Houston, represented Guidance Software, and Paul Wittorf with Transwestern represented the landlord, TIAA-CREF. [OFFICE]

 

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, Corporate Solutions, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, Mission Critical Solutions, and Facilities Services. With more than 58 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 173 locations in 40 countries. For more information, visit www.cresa.com.

 

###