Transwestern on Monday announced it has negotiated a 10-year lease agreement for 115,000 square feet of office space in Houston's Galleria submarket. The tenant, Chicago Bridge & Iron Co. N.V., an engineering and construction company that serves the oil and gas, and metals and wastewater industries, said it will house approximately 450 employees at Two Riverway, a 370,000-square-foot office property. Coventry Investment Group Inc. owns the property, which was built in 1981, and recently completed a substantial renovation program to return the asset to class A status, according to a press statement. The Galleria/Riverway submarkets have experienced six consecutive quarters of positive leasing absorption, according to the statement, and strong demand has reduced contiguous blocks of s...
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