MetroNational Signs Five New Office Tenants in Houston, Totaling Over 90,000 Square feet

MetroNational announced that Asset Living, BW Energy USA Management Inc., Rystad Energy, Longbridge Financial, LLC and Marubeni America Corporation have signed leases occupying more than 90,000 square feet of office space in Memorial City.

Asset Living, a Houston-based property management firm, has leased 24,040 square feet at 945 Bunker Hill Road. Brad MacDougall and Warren Alexander represented the landlord, MetroNational and Dan Boyles of NAI Partners represented the tenant, who will move in during Fall 2022.

Houston-based oil and gas company, BW Energy USA Management Inc., will occupy a 23,652 square-foot office space at 945 Bunker Hill Road. Brad MacDougall and Warren Alexander represented the landlord, MetroNational, and Griff Bandy of NAI Partners represented the tenant, who will move on July 1, 2022.

Rystad Energy, an independent energy research and business intelligence company, will move into a 23,652 square-foot office space at 920 Memorial City Way in Fall 2022. Brad MacDougall and Warren Alexander represented the landlord, MetroNational and Jay Kyle of Colliers represented the tenant, Rystad Energy.

Longbridge Financial, LLC, an innovative company committed to helping homeowners reshape their financial future, has moved into a 16,415 square-foot office space at 945 Bunker Hill Road on June 1, 2022. Brad MacDougall and Warren Alexander represented the landlord, MetroNational and Jack Parsons represented the tenant.

General trading company, Marubeni America Corporation, has leased 4,665 square feet at 945 Bunker Hill Road. Brad MacDougall and Warren Alexander represented the landlord, MetroNational and Sheena Gohil and Jay Kyle of Colliers represented the tenant, who will move into the space end of 2022.

Memorial City office tenants have access to a roster of exclusive amenities, including membership to its fitness center, Memorial City Club; complimentary shuttle service; interconnected skywalks to dining, retail and entertainment attractions; discount programs; and regular office tenant events.

Texas Tower Signs Five New Office Tenants, Including Cheniere’s New 150,000-Square-foot Global Headquarters

Hines and Ivanhoé Cambridge announced five new office tenants have signed leases at Texas Tower, the new 47-story, 1.2 million-square-foot, Class-AA office tower in Downtown Houston, bringing the building to 70% committed. Cheniere Energy, Inc. has leased a 151,490 square-foot multi-floor office space that will serve as the international energy company’s new global headquarters. Chicago Title, Charter Title Company, Novak Druce and a trading company have also signed new leases to occupy over 55,000 square feet of space.

“We are hearing consistently from our new tenant occupants that Texas Tower’s curated amenities and tailored programming come together to create new energy and exciting experiences that are ultimately enticing employees back to their workplace,” said Hines Senior Managing Director John Mooz. “The leasing success would appear to prove that the project’s community-centric, highly experiential offering speaks to Houston’s top tenants as they bring employees back to the office, and to our shared vision that an engaging, hyper amenitized workspace continues to drive talent engagement, retention and development. We look forward to welcoming our new tenants and their employees to Houston’s most advanced new office workplace.”

Located on floors 12-16, Cheniere’s new 151,490 square-foot headquarters will include 16,000 square feet of private gardens and a 700 square-foot outdoor terrace exclusively for Cheniere employees and visitors. Cheniere, a Fortune 500 company, is the leading producer and exporter of liquefied natural gas (LNG) in the United States, providing a clean, secure and affordable solution to the growing global need for natural gas.

Chicago Title will occupy 10,412 square feet on the 29th floor of Texas Tower. Chicago Title is one of the nation’s premier real estate service companies, providing title insurance, escrow, closing services, construction disbursement, and legal document recordation. Chicago Title merged with Fidelity National Financial to become one of the largest title companies in the nation.

Charter Title Company has leased 4,748 square feet on the 39th floor. Serving the greater Houston area and Texas community for over 30 years, Charter Title provides title insurance, escrow/closing services, and related real estate services to residential and commercial real estate professionals. Charter Title and its affiliates are a subsidiary of Fidelity National Title Insurance Company, whose parent is Fidelity National Financial.

After signing a lease in May, Novak Druce has already moved into one of Texas Tower’s 9,500 square-foot spec suites. Designed by Gensler, the spec suites are fully furnished offices ranging in size from 3,800 to 9,500 square feet and have beenspecifically built out to provide an immediately available office environment.

The newest addition to the Houston skyline, Texas Tower adds a remarkable architectural presence while defining a new approach to office workspace experience. The building opened in December 2021 and features a grand, activated and hospitality-centric lobby, flexible workspaces, and innovative common-areas. Designed by Pelli Clarke & Partners, the office tower is built to the highest standards that Hines and Ivanhoé Cambridge have ever developed in Houston, and will achieve the highest designations for LEED, WiredScore and WELL certifications.

Chris Oliver, Trey Strake, David Guion with Cushman and Wakefield represented Cheniere. Don King with JLL and Erik Ozolins with Orion Realty represented Chicago Title. Chip Horne of Cushman and Wakefield and Ryan Tiernan of Orion Realty represented Charter Title. Mark O’Donnell of Savills represented Novak Druce. Bryant Lach with JLL represented the trading company. Michael Anderson of Cushman and Wakefield, Inc. represented Hines and Ivanhoé Cambridge in the deals.

Additional tenants that have already moved into Texas Tower include Vinson and Elkins, McGuireWoods, and DLA Piper law firms. Hines has also leased approximately 180,000 square feet for its new global headquarters.

Self-storage Facility in Houston Area Sells

JLL Capital Markets has closed the sale of Imperial Self Storage, a Class-A self-storage facility comprising a single three-level building totaling 95,963 square feet located in Sugar Land within the Houston MSA.

JLL marketed the property on behalf of the seller, SurePoint Self Storage. OB Companies/My Place Self Storage acquired the asset.

Professionally managed by CubeSmart, Imperial Self Storage features 100% climate-controlled units, motion-detector LED lights, surveillance cameras, individual unit locks, keypad entry and on-site management.

Located at 15025 Voss Road, Imperial Self Storage has excellent visibility at the intersection of Voss Road (18,200 VPD) and Highway 6 (36,000 VPD) and is easily accessible from both roadways.

The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by Managing Directors Steve Mellon and Brian Somoza.

Colliers Sells Class A Office Building on 4.51 Acres as Investment Opportunity on Gears Road

Houston, June 30, 2022 – Colliers is pleased to announce the sale of 450 Gears Road, a Class A multi-tenant office building on 4.51 acres near Interstate 45 and Greens Parkway. The buyer of the building was represented by Evens Grandoit. The seller was represented by David Carter, Doug Pack and Sam Hansen of Colliers.

The architecturally appealing Class A office building, constructed in 1984, offers an 8-story multi-tenant design and an adjacent 4-story parking garage. The building is located in Greens Crossing, at Interstate 45 and Sam Houston Parkway, 12 miles from downtown Houston and 8 miles from Intercontinental Airport.

The building amenities include on-site management and security, a tenant conference center and building card key access. The exterior is a custom patterned vermillion granite with double-pane reflective glass and is comprised of a unique design of interlocking octagons.

For further information please contact:
David Carter
Principal & Director
+1 713 830 2135 david.carter@colliers.com

Davis Holdings Reveals New HQ in Fundraising Event at 1500 McGowen

Latest mixed use project in Midtown unveiled with event for Houston Recovery Center

HOUSTON (June 30, 2022) – Davis Holdings LP unveiled its newest mixed use project, 1500 McGowen, with a fundraising event benefiting its tenant Houston Recovery Center. Club Soda No Twist featured a star-studded non-alcoholic cocktail competition, art by Charles Washington and bites from Houston chefs Sasha Grumman of “Top Chef” Season 18 and Thomas Stacy of ReikiNa. Former Houston Texans tight end Owen Daniels was among 100-plus guests at the sober Happy Hour event, which raised more than $10,000 for Houston Recovery Center.

“We enjoyed celebrating the unveiling of our new building with the Houston Recovery Center. We pride ourselves on doing what we can for our tenants,” Davis Holdings’ Kate Davis said. “After nearly three years redesigning and renovating the 1500 McGowen building, we’re thrilled to be at the finish line. It’s nearly 100 percent leased, with the exception of the remaining retail space. We hope to secure a restaurant that is a great fit for the building, the area and somewhere where everyone can enjoy eating. There are not a lot of dining options nearby, and we hope to capitalize on that and welcome a top hospitality client into our beautiful newly renovated space.”

Davis Holdings recently completed an exterior renovation of the building, designed by Houston-based 2x Design Studio and Colby Design. The project is mixed use, with offices on the second floor – including Davis Holdings’ headquarters – and retail on the first. Retail tenants include Fab Inc. Hair Studio, New Power Chiropractic and Spinal Perceptions Chiropractic. The building’s light fixtures are all vintage Holophane fixtures sourced by Colby Design.

The fundraising event showcased a 2,000-3,600 square foot shell space available for a restaurant on the first floor. Davis Holdings is offering a tenant improvement allowance to build out the space and recently acquired an additional parking lot for the building at McGowen and Caroline Street. 1500 McGowen is in a part of Midtown east of Main Street that will be completely redeveloped in the next two years. Caroline Street was recently redeveloped with new landscaping and repaved, making it pedestrian friendly, with more reconstruction soon to begin on La Branch Street. For more information, visit the Midtown Houston website or see the brochure at //davisholdingslp.com/1500-mcgowen/.

About Davis Holdings

Davis Holdings has a history of success working on a full spectrum of primarily retail properties, including but not limited to renovations, adaptive reuse, ground-up developments and complex acquisitions. Being developers, long term property holders and managers, Davis knows the true cost of every design cutback or a seemingly simple addition. It is Davis’ years of well rounded experience, coupled with its attention to detail,

that gives the company a unique advantage. Find out more information at www.davisholdingslp.com.