Colliers is pleased to announce the finalized lease of 7,794 square feet of office space at 3131 Eastside, Suite 100, in Houston, Texas. The lessor, Killam Development, was represented by Monte Calvert of Transwestern Real Estate Services. Ray Lopez of Colliers represented the lessee, Rise Association Management Group, in the transaction.
Rise Association Management Group, based in Houston, Texas, provides complete condominium management services. In addition, they provide management for townhomes, business plazas, mid-rises as well as high-rises. Founded in 2016, the company focuses on delivering measurable results that matter by applying focused resources to solve problems arising in association management.
“It was a pleasure to work with John and Jason to help facilitate their expansion needs,” said Ray Lopez, Senior Vice President at Colliers. “I look forward to seeing Rise’s continued growth and success.”
The property is located within minutes of the Galleria, Central Business District, Medical Center, River Oaks and West University. River Oaks Green features a newly renovated lobby, on-site security, garage parking, fiber optics and boasts stable ownership. It is one block to Levy Park and numerous restaurants.
The property is located in Houston’s Greenway Plaza office submarket, which contains 13.1 million square feet of office space. The submarket is 79 percent occupied and the average asking gross rental rate is $33.58 per square foot.
About Colliers International Group Inc.
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 66 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.3 billion ($3.6 billion including affiliates) and $45 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.