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5/20/20
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Axiom Space Inc has signed a lease for an entire floor at 1290 Hercules Ave in Houston, boosting what was a vacant building to 52% occupancy. The 31.3k sf deal marks the largest new lease signed in the Clear Lake submarket since Houston’s stay-at-home order took effect.
Hercules II is a two-story, 65.2k sf, Class A office building less than a mile from the main entrance to Johnson Space Center and surrounded by large Clear Lake institutions, including University of Houston – Clear Lake, Clear Lake Regional Medical Center and Baybrook Mall. The property’s ideal location along Hercules Avenue offers convenient access to Interstate 45 and other major Clear Lake area thoroughfares.
Ownership of the property has invested a substantial amount of capital in a complete renovation of the common areas, including custom landscaped green space. New move-in ready speculative suites with custom finishes range from 2.6k sf to 16.4k sf in the adjacent building at 1300 Hercules Ave.
Because Axiom Space has been selected by NASA to build a privately funded attachment to the International Space Station, they needed modern space with proximity to Johnson Space Center and room for future growth. They were repped by Noah Kruger and Derrell Curry of Savills Inc. Matthew Seliger, Doug Little and Louann Pereira with Transwestern Real Estate Services represented the building owner, Capital Commercial Investments Inc, in the deal.
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