HE CAPITAL LAUNCHES $4 MILLION OFFICE RENOVATION

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SUGAR LAND, TEXAS — HE Capital will complete a $4 million renovation plan at 14141 Southwest Freeway, a 515,000-square-foot, Class A office building located in Sugar Land. Improvements will be made to the building’s front entrance, lobby and elevators. HE is also renaming the property The Lake Corporate Center to reflect the 6-acre Sugarcreek Lake that is located adjacent to the campus. Construction is expected to commence in spring. Goulas & Associates will be serving as project architect, with Smith Commercial providing general contracting services. The Lake Corporate Center is currently 100 percent occupied by Unocal/Chevron but will be vacant in April 2010 when the tenant relocates to the Houston central business district upon the expiration of its lease. Chip Colvill and Michael Anderson of Colvill Office Properties have been retained by HE Capital to market the property. The Lake Corporate Center is situated on an 8.9-acre, landscaped campus. It features a teleconference facility with hi-definition audio-visual equipment, a recreation room, fitness facilities, a 216-seat auditorium and a 50-seat cafeteria.

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