Moody Rambin Successful in Southwest Corporate Center Leasing
Adjacent Dillard’s building to provide additional 180,000 sq ft. in Q3 2006
HOUSTON – (June 14, 2006) – Southwest Corporate Center, a 535,000 square foot mall conversion located at 9700 Bissonnet at the Southwest Freeway, has experienced significantly high tenant retention since its opening in 2000 and is currently at a 93% occupancy rate. Formerly Westwood Mall, Southwest Corporate Center is considered the model office space of the future, ideally suited for high-density users and tenants with technology needs such as studios, data centers and media or telecommunications sites.
“Converting a retail center into office space can be risky. However, because of this property’s convenient location and first-class amenities we are seeing a rush of businesses who want to office in this space,” said Steve Bryant of Moody Rambin Interests.
Bryant recently completed lease transactions for Southwest Corporate Center with Stewart Title for 52,000 square feet, Voter Consumer Research for 7,000 square feet, and expanded Corinthian College for an additional 35,000 square feet for a total of 62,000.
Building owner YoungWoo & Associates has started construction on the former Dillard’s location, adjacent to the property, which will bring an additional 180,000 square feet of office space online this fall.
“The greatest attribute of converting an existing regional mall into Class A office space is the inherent advantage of parking,” says Joe Farkas, President of Metropolitan Realty Associates LLC, YoungWoo’s operating partner. Southwest Corporate Center features a parking ratio of 8 spaces per 1000 sq ft of office space. “This simply cannot be matched by our competitors,” Farkas added.
About Moody Rambin Interests: Established in 1969, Moody Rambin Interests specializes in providing project leasing, tenant representation, disposition, development, consulting and management services to owners and tenants throughout the United States. The firm’s portfolio of managed and owned properties includes the retail, office and industrial sectors. Visit www.moodyrambin.com for more information.