New, speculative office building is 68% preleased in five months
Houston, TX – February 5, 2013 – (RealEstateRama) — Duke Realty Corporation’s (Duke Realty) Houston office announces that it has leased 108,639 square feet in Sam Houston Crossing Two, its new, speculative suburban office building, to Forum Energy Technologies, Inc. (NYSE: FET), a global provider of manufactured technologies and applied products for the energy industry. Scheduled for completion in May 2013, Sam Houston Crossing Two, a 159,056-square foot office building, is more than 68 percent preleased to Forum, who will occupy the second and third floors beginning in July 2013.
“When we announced plans last summer to develop a speculative office building in the northwest submarket, we were confident that a company such as Forum would recognize the advantages of leasing space in this well-positioned, new facility,” said David Hudson, Senior Vice President of Duke Realty’s Houston operations. “Sam Houston Crossing Two is located between Highway 290 and Highway 249 on the Sam Houston Tollway, midway between the I-10 Energy Corridor and the new Exxon Mobil campus, making it ideal for energy services firms that want to be close to industry clients. We are pleased that Forum was the first to choose Duke Realty’s Sam Houston Crossing Two as a base of operations for several of its divisions.”
“This building will consolidate Drilling and Subsea personnel from four buildings giving them an opportunity to work more closely together as a team and supports our continued growth,” said Tom Simms, Treasurer with Forum. “The Duke building appealed to us due to its location, easy access on the Sam Houston Tollway, visibility and attractive design.”
A tilt-wall concrete and glass facility, Sam Houston Crossing Two fronts the Sam Houston Tollway, providing companies with excellent highway visibility in an affordable, yet high-quality office building. The interior of the building features large floor plates for flexibility in space planning and includes Class A finishes and fixtures. Ample free parking surrounds the building.
Steve Hesse and Jeff Cairns with CBRE represented Forum in the transaction, while Cory Driskill, Senior Leasing Representative, represented Duke Realty.
First-floor space totaling 50,417 square feet is still available for lease in Sam Houston Crossing Two. Interested parties are invited to contact Cory Driskill of Duke Realty at 713.353.3200 or .
About Duke Realty
In the greater Houston area, Duke Realty owns and manages more than 2.4 million square feet of industrial, office, and medical office properties, with strategic land positions available for future development. For more information, call 713-353-3200.
On a nationwide basis, Duke Realty owns and operates more than 145 million rentable square feet of industrial and office assets, including medical office, in 18 major U.S. cities. Duke Realty Corporation is publicly traded on the NYSE under the symbol DRE and is listed on the S&P MidCap 400 Index. More information about Duke Realty is available at www.dukerealty.com.