Two Office Deals Shore Up 7,449 SF

HOUSTON-An insurance brokerage firm and a tech company have inked office deals totaling 7,449 sf for Houston’s Westchase submarket and the Woodlands.

Palmer & Cay Inc., a Savannah, GA-based risk management consulting and insurance brokerage firm, moved into 5,187 sf at 10333 Richmond Ave. According to Joanne Wright with the Savannah office of Palmer & Cay, the firm relocated from an executive suite at 2500 City West Blvd. in the same submarket to the 11-story, 218,507-sf suburban office building, where the quoted rate is $19.50 per sf. The new deal puts the office building at 81% occupancy.

Mike Boehler in Staubach Co.’s Houston office represented Palmer & Cay Inc. in the negotiations for the long-term lease. Rosemary Kogler and Brian McMackin, a Lincoln Property Co. team in Houston, bargained for the building owner, W9/LWSII Real Estate Ltd., a joint venture of Dallas-based Lincoln Property and Whitehall Funds, the real estate arm of Goldman Sachs.

The Woodlands lease roped off a 2,262-sf office at 2204 Timberloch. The new tenant is the Institute of Information Technology Inc., which left 172 sf in 2203 Timberloch Place for the neighboring building. Rosa Dye, leasing assistant for the Woodlands Operating Co., handled talks for the operating company while Clive Thomas, the tenant’s COO, spoke for the software developer.