Long-term tenant Bechtel has reupped yet again at the Lakes on Post Oak, signing a renewal for 565,916 square feet. As part of the agreement, landlords Crocker Partners and File Mile Capital will make common area improvements to 3000 Post Oak, one of the three buildings making up the 1.2-million-square-foot office complex in the Galleria submarket.
Just because Bechtel was a long-term tenant didn't mean the deal was a slam-dunk, however. According to tenant representative Derrell Curry with Studley Inc. Bechtel had "multiple options in the market." Still, he notes that the landlord worked hard to keep the company at Lakes on Post Oak. “An aggressive offer from Crocker coupled with the abundant amenities of the Galleria, made remaining at the Lakes on Post Oak the most attractive and logical choice for Bechtel,” sais Curry, who worked with Mark O'Donnell of Studley on behalf of the tenant.
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