32,148-SF Tenant Gets Naming Rights

HOUSTON-A 32,148-sf lease has locked in naming rights to 2200 West Loop South, a 196,217-sf, class A office building where occupancy went to 62% due to a series of recent deals.

Copping the lead spot is Siderca Corp., a subsidiary of Luxembourg-based Tenaris SA. The firm, signing a seven-year lease, will take over the entire seventh and eighth floors, Doug Little, senior vice president and director for PM Realty Group here, tells GlobeSt.com. Little, who represents the building owner, says occupancy was resting at 40% prior to a triple signing for a combined 38,148 sf.

Siderca, an oilfield pipeline services business, will move from 4511 Brittmoore Rd. in northwest Houston. Siderca’s company executives brokered the deal with Little and Matt Hill, an in-house representative for Hudson Advisors LLC, the Dallas-based building owner.

Before the three deals were struck, the building’s directory included Morgan Stanley and a sublessee. Morgan Stanley occupies slightly less space than Siderca, according to Little.

At the same time as the Siderca signing, Quaternary Resources Investigations LLC of Baton Rouge, LA, and the New Orleans law firm of Gordon Arata McCollam DuPlantis & Eagan LLC each leased about 3,000 sf for five years, Little says. The firms, which work together, have already occupied their offices. Jay Kyle in the local office of Grubb & Ellis Co. represented the Louisiana firms.

Little says the building was emptied in 2000 to make way for a major renovation only to be ready to occupy in the midst of a tight marketplace. The Galleria submarket’s 32-million-sf inventory is shouldering a vacancy of nearly 16%. Given today’s leasing climate, Little says he feels “fortunate” to have secured the deals, particularly in a submarket where class A and class B office space is abundant. “Everyone is having to get aggressive,” he adds, crediting the building owner with “meeting the market demand” to get the deals done. The building’s quoted rate is $19 per sf.