Insight

Technology Firm Leases 55,380 SF of Office Space in Post Oak Park

February 17, 2014

HOUSTON, TEXAS – February 17, 2014 – The Houston office of Cresa, North America’s largest tenant representation firm, recently closed a 55,380-square-foot lease for NetIQ, a global enterprise software company. The new office, in the recently renovated 515 Post Oak Boulevard in Houston’s Post Oak Park submarket in the Galleria area, will serve as NetIQ’s worldwide headquarters.

Gary Rigsby, Senior Director Finance & Operations of The Attachmate Group, NetIQ’s parent company, said:  We realized it was time to relocate our NetIQ headquarters in order to change our workplace environment so that we could create, promote and foster a collaborative, energetic atmosphere for our employees, partners and customers.  We found the right building, location and leasing package to accomplish our business goals at 515 Post Oak Blvd.”

 

In the 3rd quarter of 2014, the technology firm will relocate approximately 200 employees from Park Towers North at 1233 West Loop South. NetIQ was advised by Gary Lawless, Jr. and David Price of Cresa Houston, and was supported in project management by Troy Malish. Brad Fricks and Paul Coonrod of Stream Realty Partners represented the landlord, Columbia Property Trust.

 

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.

 

About NetIQ

NetIQ is a global, enterprise software company with a relentless focus on customer success. Our portfolio includes scalable, automated solutions for Identity, Security, Access, Governance, Systems and Application, Service, and Workload Management that help organizations securely deliver, measure and manage computing services across physical, virtual and cloud computing environments. For more information, contact us.

 

###