Continental renews lease, decides to stay downtown

Continental Airlines Inc. has renewed its lease on the majority of the firm’s downtown office space, marking a large corporate commitment to the Central Business District.
The transaction also puts to rest rumors that Continental planned on taking flight to less expensive office space near George Bush Intercontinental Airport in light of the high fuel costs challenging the airline industry.
Continental was said to be looking for a more cost-efficient alternative to the downtown headquarters site the Houston-based carrier has occupied for the past nine years.
After considering other options, however, the airline decided to stay put and renew a lease for approximately 450,000 square feet of space in Continental Center I at 1600 Smith, according to sources close to the deal. For more information see: www.houstonrealtyadvisors.com or www.houstonrealtyadvisors.net or www.edayres.com