Real estate transactions: Offshore energy services company signs major lease in Energy Corridor

Fuller Realty has landed a major tenant at its West Memorial Place office campus in the Energy Corridor. MODEC, a global supplier and operator of offshore production systems, and SOFEC, a MODEC company specializing in mooring and fluid transfer systems for the offshore energy industry, signed a long-term lease for 116,161 square feet in West Memorial Place I at 15375 Memorial Drive. Houston-based Fuller Realty purchased the West Memorial Place campus from developer Skanska last year. Johnny Kight, Stewart Smith and Aaron Ander of Fuller Realty represented the landlord. David Carter and Jay Kyle of Colliers represented the tenant. Developed in 2015, the two-building campus is adjacent to hike-and-bike trails at Terry Hershey Park and has a full-service restaurant and bar, tenant conference center, gyms and other amenities. MODEC and SOFEC will relocate its Houston office to four full floors in West Memorial Place I in late 2024, according to Kight.

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