Kiewit Adds 100,000 Square Feet to its Houston Office Lease

Kiewit increased its presence at Spear Street Capital’s Energy Center I by over 100,000, boosting its space to 277,104 of the 334,000 square foot building. The 13-story building is at 585 N. Dairy Ashford road in West Houston. It’s now 86% leased. Two floors are remaining for future tenants. A Transwestern team led by Eric Anderson represented the landlord in the transaction. Louie Crapitto of JLL and David Kimball of SquareFoot represented the tenant.

Kiewit first leased space in the building in 2019 when the company’s oil and gas division relocated its headquarters to the 5-acre site within the city’s Energy Corridor. The building was completed in 2007 and was acquired by Spear Street in 2017,  as part of a $272 million portfolio acquisition from Columbia Property Trust. Spear Street paid $51.8 million for the asset and has a $69.5 million 10-year loan from Prime Finance Partners that matures in September 2029, according to CommercialEdge data.