Moleculin Biotech Inc Leases 2,333SF Office Space At 5300 Memorial Dr, Houston

The property asset involved in the transaction is located at 5300 Memorial Dr, Houston, TX, 77007. It is an office asset encompassing 2,333 square feet. The building, known as a Class A office tower, was completed in 1983 and has undergone cosmetic renovations in 1993 and 2017. The market for this property is Houston, and it is part of a larger office complex that has reached 84.3 percent occupancy after recent lease agreements.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 5300 Memorial Dr, Houston, TX, 77007
• Landlord: Equus Capital Partners, Ltd
• Tenant: Moleculin Biotech Inc
• Landlord's Representative: Russell Hodges - CBRE
• Square Feet: 2,333

The lease transaction involved key representatives including Russell Hodges and Jessica Ochoa, who represented the landlord, Equus Capital Partners, Ltd. Moleculin Biotech Inc. was represented by Jane Nodskov with ICO Commercial in the negotiations. This lease is part of a broader series of transactions at the property that have helped bolster its occupancy rates within the Houston Midtown submarket.