Gemini Rosemont’s 12000 Aerospace now at 100 percent occupancy with new lease signing

Gemini Rosemont’s 12000 Aerospace now at 100 percent occupancy with new lease signing

January 25, 2021

Gemini Rosemont’s 12000 Aerospace now at 100 percent occupancy with new lease signing

Transactions represent nearly 44,000 square feet of absorption in past 12 months

LOS ANGELES, Calif. – January 25, 2020 – Gemini Rosemont Commercial Real Estate, a leading real estate investment company with holdings of approximately eight million square feet of commercial office space, has signed Hargrove Engineers + Constructors to a 18,900 square foot, full floor lease at Houston’s 12000 Aerospace building.

The new lease is the latest transaction representing nearly 44,000 square feet of long-term leases signed at 12000 Aerospace in the past 12 months.

Hargrove, founded in Mobile, Alabama, is a full-service EPC (engineering, procurement, construction management), controls and automation, life sciences, and technical services firm serving energy generation, manufacturing, government, and industrial clients in long-term support relationships. Approximately 90 Hargrove teammates will populate the office space, Hargrove’s fourth in Texas, beginning in April 2021, to accommodate the expansion needs of local client relationships, according to company officials.

Stream Realty Partner’s Houston office broker Matthew Asvestas represented Gemini Rosemont in the transaction, while Charlie Neuhaus with NAI Partners represented the Hargrove Engineers + Constructors.

“We’re honored that Hargrove Engineers + Constructors has chosen 12000 Aerospace as their new home,” said Jeff Schweitzer, Asset Manager at Gemini Rosemont. “Their recent signing has brought the asset to 100 percent occupied, with the support of a dedicated Stream team committed to achieving leasing success at our property, helping us close over 44,000 square feet of leases.”

Located in the Clear Lake submarket just east of I-45, the nearly 80,000 square foot office property offers immediate proximity to the rapidly evolving southeast Houston region. 12000 Aerospace Avenue provides tenants with exceptional multi-directional regional accessibility through I-45, Beltway 8 and Texas State Highway 3. The property’s strategic location offers convenient access to southeast Houston’s key employment centers, residential neighborhoods, retail and dining options, or for those seeking proximity to NASA or Ellington Airport.

Recent building renovations include updated common area finishes and a gorgeous granite lobby. The property also boasts a generous six per 1,000 square foot parking ratio for users with high density parking needs.

“Where most of Houston has struggled due to energy exposure, the Clear Lake office market has performed consistently well over the years,” said Asvestas, senior associate in Stream’s Houston office. “Currently, the Clear Lake market is 87.1 percent leased, compared with an occupancy rate of 80.2 percent for the overall Houston area. With its convenient access and proximity to amenities 12000 Aerospace has been an appealing choice for a diverse tenant base of office users.”

The building’s tenant roster also includes Orion Marine Group, Electrical Consultants, TorcSill Foundations, Royal Harbor Partners and Army Corps of Engineers.

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