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Friedman Real Estate recently leased the 6,500-square-foot retail space located at the Great-Town Plaza in Rosenberg to Bliss. Bliss is a Banquet/Event Center that will host weddings, birthdays, quinceaneras, networking events, and other celebrations.
Friedman’s Larson Riff advised the tenant in the transaction.
The Fort Worth office of Colliers Mortgage (part of Colliers | U.S.) closed a $25.4 million HUD 221(d)(4) loan for the construction of The Draper Apartments, located in Garland. The Draper Apartments will be a 155-unit market rate multifamily project consisting of a mix of studio, one-bedroom and two-bedroom units located near the Garland DART light rail station and within walking distance to retail shops, restaurants, and entertainment venues.
The loan carries a 40-year term and amortization and was secured for GFNT Opportunity II, LP.
Ryan Companies US Inc. has broken ground on Ryan Tower. Located in Plano’s Legacy West, the 23-story multi-tenant Class-AA office tower totaling 409,000 square feet will be the world headquarters for Ryan, LLC, a global tax services firm.
Situated on a 3.6-acre site and located at the intersection of State Highway 121 and Windrose Drive, the Class-AA tower includes efficient 29,000-square-foot floors and will offer 10-foot, floor-to-ceiling windows, and a virtually column-free workplace.
Gensler is the architect for the project. Designers worked closely with the development team to create a building that maximizes its potential as a beacon on the northern boundary of Legacy West, expressing verticality, clean lines and masterful detailing.
“Ryan Tower exudes the confidence and relaxed elegance of its anchor tenant,” said Gensler Principal Scott Armstrong. “We think it will be seen as an example of how to come together to work, connect, celebrate, and promote the workplace of the future.”
Construction is expected to be completed Q2 of 2024. The tower will feature a variety of amenities including an onsite fitness center, multiple conference rooms, a tenant lounge, and a café. Outdoor amenities include structured parking, an abundance of manicured green space and bike storage. Additionally, Ryan Companies is pursuing Fitwel certification which includes additional amenities to maximize the health and wellness of the customers in the building.
JLL Capital Markets announced today that it has closed the sale of a 186,344-square-foot, last-mile distribution facility triple net leased to Amazon in the Dallas-Fort Worth community of Arlington.
JLL marketed the property on behalf of the seller, Oxford Properties. Realterm acquired the asset.
The building sits on 15.523 acres at 2400 Centennial Drive in Arlington, a mission-critical, last-mile location with easy access to multiple transportation nodes, including Interstates 20 and 30 and SH 161 and 360. These highways connect the tenant to over 25 million customers throughout the Texas Triangle region of Dallas, Houston, San Antonio and Austin. The property is also located in the Great Southwest/Arlington submarket, the most desirable in the Dallas-Fort Worth Metroplex due to its proximity to strong labor pools and major thoroughfares.
Originally constructed in 1987, the facility was most recently upgraded in 2020 with the amenities and characteristics of an Amazon last-mile facility. The front-load building features a 29-foot clear height, 10 dock-high doors, deep truck court, LED lighting, low office finish, 338 van parking spaces and ample employee vehicle parking.
The JLL Capital Markets Investment Sales and Advisory team that represented the seller was led by John Huguenard, Dustin Volz, Trent Agnew, Stephen Bailey, Dom Espinosa, Zach Riebe and Megan Babovec.
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.
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.