Houston Brokers Close Two Office Pacts

HOUSTON-A new company picks an office building in Houston’s northwest submarket while an established firm slides into new space in a historic building in the CBD.

The recently formed byd:sign Inc., a supplier of branded liquid crystal displays and plasma flat-screen consumer electronics, signed a long-term lease for 3,824 sf in Cornerstone Tower, a five-story, 71,008-sf building at 3707 F.M.1960. Patrick Griffin, principal of byd:sign says the company chose Cornerstone Towers for the value, move-in-ready space and convenient location.

Ed Prejean in Dallas-based Staubach Co.’s Houston office represented the tenant. Wanda Wilson and Marci Phillips, a PM Realty Group team in Houston, negotiated terms for the building owner, KBS Realty Advisors of Newport Beach, CA. The 77%-leased office building’s rate is $14.40 per sf.

At 405 Main St. in the downtown, Court Record Research Inc. took 1,704 sf. The inbound tenant is a Houston-based firm for public record retrieval and research services. The office is in the Scanlan Building, a 72,940-sf structure built in 1908. Its asking rate is $19 per sf. The deal was put together by John Parsley of Colliers International, who represents the building owner, 405 Main Land Ltd., and Gloria Parrino with Betz Commercial Brokerage in Houston who bargained on the tenant’s behalf.