Stanford building gets a new life and lease

The Allen Stanford company’s former corporate headquarters got a new lease after sitting a long while empty. As the owner faces trial in a Houston courtroom, the fate of his company’s property was cloudy until a couple days ago, when a local Keller Williams Realty office has announced its plan to lease the second floor of the office building.

The property is located right across The Galleria, and the new tenant comes after the Woodland-based Black Forest Ventures LLC, the owner of the 71,000 square-feet building has given up hope to secure a new lease for the ultra fancy building.

Construction will began immediately, and a local office of Austin-based Keller Williams will occupy the space this June, Haydar Kustu, a Black Forest spokesman reported to the Houston Business Journal.

Black Forest removed the Stanford Financial sign from the front of the building on Jan. 20, as the Houston businessman is facing charges for allegedly orchestrating a $7 billion Ponzi scheme.

Posted by Istvan Fekete on Feb 20 2012. Filed under Commercial. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry