Kiewit recently increased its presence at Spear Street Capital’s Energy Center I in West Houston, boosting their space to 277,104 square feet of the 334,000-square-foot building. The 13-story building is located at 585 N. Dairy Ashford Road and is now 86% leased with only two floors remaining for future tenants. A Transwestern team led by Eric Anderson represented the landlord while Louie Crapitto of JLL and David Kimball of SquareFoot represented Kiewit in the transaction.
In 2019, Kiewit’s oil and gas division relocated its headquarters to this 5-acre site within Houston’s Energy Corridor when they first leased space in the building which was completed back 2007 before being acquired by Spear Street as part of a $272 million portfolio acquisition from Columbia Property Trust that same year. To finance this purchase, Spear Street took out a 10-year loan from Prime Finance Partners worth $69.5 million that matures September 2029 according to CommercialEdge data records
