Axiom Space’s 32,389 SF Expansion Brings Hercules II to 100% Occupancy
March 23, 2021
Houston – Transwestern Real Estate Services (TRS) announces space infrastructure leader Axiom Space Inc. has signed a 32,389-square-foot lease less than a year after the commencement of its first lease, expanding to another full floor at 1290 Hercules Ave. in Houston and taking the building’s occupancy to 100%. Transwestern Vice President 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 thrilled to have been a part of the continued working relationship between CCI and Axiom Space,” said Seliger. “In what has been a challenging year in the Houston office market, we are very pleased to accommodate Axiom’s impressive, sustained growth.”
Hercules II is a two-story, 63,716-square-foot, Class A office building less than 1 mile from the main entrance to NASA 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 $3 million of capital in a complete renovation of the property. Recent capital upgrades include a renovation of the common areas, including courtyards with custom landscaping. 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., which is currently 51% leased and has a contiguous block of 32,389 square feet of space on the second floor.
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, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.