Axiom Space Inks Clear Lake’s Largest Deal Since COVID-19 Stay-at-Home Order
May 12, 2020
Houston – Transwestern Real Estate Services (TRS) announces Axiom Space Inc. has signed a lease for an entire floor at 1290 Hercules Ave. in Houston, taking the building from full vacancy to 52% occupancy. The 31,327-square-foot deal marks the largest new lease signed in the Clear Lake submarket since Houston’s stay-at-home order took effect. Transwestern Senior Associate Matthew Seliger, Senior Managing Director Doug Little and Senior Vice President Louann Pereira provide office leasing services on behalf of the building owner, Capital Commercial Investments Inc.
“We are extremely pleased to have developed a creative solution with Axiom Space, especially during the current situation with COVID-19,” said Seliger. “Despite the challenges of working from home during a global pandemic, we stayed highly focused to ensure the execution of this complicated and fast-paced transaction and we are excited to have Axiom Space as a valued tenant at the Hercules project.”
Because Axiom Space has been selected by NASA to build a privately funded attachment to the International Space Station, they needed modern space with proximity to Johnson Space Center and room for future growth.
“Capital Commercial Investments has been active in the Clear Lake market for several years, and we are thrilled to add Axiom to our fine list of tenants at Hercules. We developed and implemented a renovation plan with new lobbies, elevator cabs and spec suites that enabled our success,” said Chuck Kemp EVP/Head of Asset Management at CCI.
Hercules II is a two-story, 65,233-square-foot, Class A office building less than a mile from the main entrance to Johnson Space Center and surrounded by large Clear Lake institutions, including University of Houston – Clear Lake, Clear Lake Regional Medical Center and Baybrook Mall. The property’s ideal location along Hercules Avenue offers convenient access to Interstate 45 and other major Clear Lake area thoroughfares.
Ownership of the property has invested a substantial amount of capital in a complete renovation of the common areas, including custom landscaped green space. New move-in ready speculative suites with custom finishes range from 2,600 to 16,400 square feet in the adjacent building at 1300 Hercules Ave.
Noah Kruger and Derrell Curry of Savills Inc. provided tenant representation services.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Occupier Solutions, Capital Markets, and Research & Investment Analytics.