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Author: Sarah
FEMA Leases Full Floor at 616 FM 1960
August 2, 2022 (Houston, TX)— The Federal Emergency Management Agency (FEMA) has signed a long-term, 17,167 square foot lease at 616 FM 1960 in Houston, TX. The U.S. Government Agency will occupy the top floor of the eight-story property beginning summer 2022. 616 FM 1960 is a class-B office building operated by Hartman Income REIT Management, Inc. and owned by one of its affiliates, a Texas-based commercial real estate owner and operator with $809m in assets under management.
FEMA’s new full-floor office space will feature standard offices and cubicle space for the agency’s 75 Houston-based field inspectors and management team. Additionally, the new full-floor lease will be retrofitted for custom cable networking and operate on an electrical grid that cannot lose power in times of crisis.
Hartman’s 616 FM 1960 office building is conveniently located at the corner of FM 1960 Road W and Cali Drive, halfway between Downtown Houston and The Woodlands. The property features a variety of on-site amenities, including a tenant lounge with a Parks Pantry Market, on-site banking with Chase Bank, free garage parking, and an on-site building engineer.
“We are delighted to welcome FEMA to our 616 FM 1960 office building. FEMA has a vital role in keeping our nation safe and more prepared for every eventuality. We look forward to serving them as our tenant in the coming years,” shared Hartman’s President and CEO, Al Hartman.
In lease negotiations, Thomas Emde represented Hartman, the landlord, and FEMA, the U.S. Government agency, represented itself.
To learn more about leasing commercial real estate in Houston, San Antonio, or DFW (Dallas Fort Worth), please contact a Hartman leasing agent at 800.880.2212 or visit www.hi-reit.com.
Texas Facilities Commission Expanded to 15,849 SF at 1055 S Sherman, Richardson
Texas Facilities Commission renewed and expanded 15,849 SF at 1055 South Sherman in Richardson, Texas. Lynna Smith represented the landlord, Hartman Income REIT.
Collaborative Design Renews 2,000 SF at 5151 Mitchelldale in Houston
Collaborative Design Group LLC renewed 2,000 SF at 5151 Mitchelldale in Houston, Texas. Justin Harrity represented the landlord, Hartman Income REIT.
Gladstone Commercial Announces Five-Year Lease at Austin, TX Office Building
MCLEAN, VA / ACCESSWIRE / July 28, 2022 / Gladstone Commercial Corporation (Nasdaq:GOOD) (“Gladstone Commercial”) announced it has entered into a 5.7 year lease with Cognizant Technology Solutions U.S. Corporation (“Cognizant”) for 41,225 square feet of its 320,000 square foot, four story office building, located at 717 East Parmer Lane in Austin, Texas, bringing occupancy to approximately 70%.
“We are delighted to have Cognizant in our portfolio and express thanks to their real estate department for their assistance on the deal. We could not have asked for better partners. This transaction shows the strength of the Austin market and the resiliency of the office sector. I would also like to thank Bethany Perez and Colton McCasland of JLL for their untiring work,” said Perry Finney, Senior Vice President of Gladstone Commercial.
Buzz Cooper, Gladstone Commercial’s President, added, “Cognizant is a great tenant to have and adds to the strength of our already impressive roster of tenants. We appreciate the speed and efficiency in which they acted to execute the deal.” Click to read more at www.gladstonecommercial.com.
Munsch Hardt Commits Long-term to Dallas’ Ross Tower for Corporate Headquarters
Munsch Hardt Kopf & Harr, P.C. (Munsch Hardt), in conjunction with HPI and Stream Realty Partners (Stream), recently signed a new, 15-year office lease for its Dallas headquarters in Ross Tower at 500 N. Akard St. Ross Tower is a 45-story, 1.1-million-square-foot, Class-A office building that has undergone a $20 million capital improvement project and features world-class amenities.
The commercial law Firm, founded by Rick Kopf and Steve Harr, as well as the late Russ Munsch, signed its first lease with the office property in 2005, occupying floors 36, 38 and 39. Under its new lease, the Firm will relocate to three consecutive floors, 40, 41 and 42.
Today, Munsch Hardt has 176 employees in Dallas, 50% more than when first committing to Ross Tower. Since current CEO Phil Appenzeller took over the reins, the Firm has been focused on growth, adding notable litigation, corporate and real estate attorneys over the past 10 years and earning record profits in 2021.
Stream Managing Directors Craig Wilson and Dan Harris, Vice Chairman Randy Cooper, and Executive Vice President and Partner Tim Terrell represented Munsch Hardt in the renewal. Stream is a national real estate services, development and investment firm headquartered in Dallas. Global architecture and design firm Gensler, which originally designed the Firm’s current Dallas office, as well as the Firm’s 2022 office space in Houston, Texas, is working on efficient architectural plans to allow the Firm continued growth. Pacific Builders has been retained as the General Contractor on the project, with a projected move-in date of Fall 2023.