Lockheed Martin renews office lease

Transwestern's Houston office on Thursday announced the 89,805-square-foot lease renewal of Lockheed Martin at the Clear Lake Central I Building in Houston.  

The value of the transaction was not disclosed.

Located at 555 Gemini in the city's NASA/Clear Lake submarket, the building is a two-story, 124,908-square-foot, class B office building. Clear Lake Central I is owned by BGK, a private real estate investment company based in Santa Fe, N.M.

Headquartered in Bethesda, Md., Lockheed Martin employs about 135,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. The corporation reported 2005 sales of $37.2 billion, according to a press statement.

Transwestern Commercial Services, one of the largest privately held, full-service commercial real estate firms in the United States, specializes in office, industrial, retail and multifamily properties.

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