CORFAC News

Houston, TX (July 29, 2011) –Clay Peeples, SIOR andaPrincipal of Boyd Commercial Real Estate Services/CORFAC International, based in Houston announced a completed office lease transaction of 8,424 square feet on behalf of Lucas Associates Inc., an executive search firm based in Atlanta, GA.Lucas Associates renewed its lease at 5120 Woodway Drive in Houston. The Class A office building is in the Decorative Center of Houston and located near Sage Road and Woodway Drive. Terms of the lease were not disclosed, though Peeples said that comparable office space is leasing for approximately $22 per-square-foot on a gross, annual basis.  Peeples, along with Atlanta, GA-based Dan Granot, a Principal with Joel & Granot Real Estate/CORFAC International, represented Lucas Associates in lease negotiations. The Woodway Drive property is owned by Decorative Center of Houston, L.PGranot has collaborated with CORFAC brokers before and co-represented Lucas Associates in four previous lease transactions – in Phoenix, AZ; Washington, D.C.; San Diego, CA and New York, NY.Founded in 1970 and headquartered in Atlanta, GA, Lucas Associates, Inc. operates an executive recruitment search company. It focuses on recruiting top executives in management, advertising/marketing/consumer products, sales, accounting, manufacturing, legal, military personnel transitioning, and technical positions, as well as capital markets, construction, human resources, insurance, engineering/supply chain and logistics/aerospace and defense, medical/biotech/pharmaceutical, energy and utilities, hospitality, professional services/consulting, real estate/REIT, restaurant/food service, and information technology/RFID industries.About CORFAC InternationalCORFAC International is one of the largest commercial real estate services organizations in the world and founded in 1989. U.S.-based CORFAC is comprised of privately held entrepreneurial firms with expertise in office, industrial, corporate services, retail real estate and property management. In association with FIABCI – the International Real Estate Federation, BDIin Mexico,five independent firms in Canada, Rios Commercialin Puerto Rico and Panama-based Latin American Corporate Property Services, CORFAC International has 80 offices in the Americas and a market reach to 65 countries worldwide.  For more information on CORFAC, contact 954-923-6160, info@corfac.com or visit www.corfac.com.