October 2, 2018
Cornerstone Home Lending is staying put at Eleven77 in Houston, and signed a renewal and expansion for 64,022 square feet in the Galleria/Post Oak submarket. The lease for the national, full-service mortgage lender’s headquarters will involve two full floors and portions of three additional floors at the 18-story, 341,947-square-foot, Class A office building at 1177 West Loop South.
Michael Sieger and Wade Bowlin with PMRG/Madison Marquette represented the landlord, Spire Realty Group. The tenant was represented by Marshall Clinkscales, Greg Cizik and Edward Edson of Colliers International.
Sieger said that the tenant had other options in the market. Ultimately, “Spire was delighted they decided to stay in the building and remained flexible while working with them on an early renewal,” he said. “At the end of the day, it was an equally-beneficial and attractive deal for both the landlord and the tenant.”
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