MetroNational Announces Quanex Building Products Corporation to Move Headquarters to 945 Bunker Hill

MetroNational announced that Quanex Building Products Corporation will move its Houston headquarters to 945 Bunker Hill Rd in Memorial City.

Quanex Building Products Corporation, a local industry-leading manufacturer of building products, recently signed a lease occupying a 16,545 square-foot space in the Class-A officing building. Brad MacDougall and Warren Alexander represented the landlord, MetroNational, and Andy Iversen, John Luck and Kaitlyn Duffie of Newmark represented the tenant, who will move in September 2023.

945 Bunker Hill is a 14-story, LEED Silver Class-A office building owned and managed by MetroNational. 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.

Hartman Property Management Achieves World Class Ranking in Latest NPS Survey

August 5, 2022 (Houston, TX)—Hartman Income REIT Management, Inc. (Hartman), a commercial real estate operator of its portfolio owned by its affiliates, headquartered in Houston, Texas, announces its achievement and ranking as a World Class firm for its latest Net Promoter Score® (NPS) survey. The firm surpassed its previous score of 69.3 percent by charting a remarkable 71.2 percent for the third quarter of 2022.

“I cannot speak highly enough of our outstanding property management team whose hard work and dedication to their tenants are displayed through our results of the flawlessly executed survey. They genuinely care about their tenants, and this world class score undoubtedly establishes that truth!” shared Kelly Agent, Hartman’s Vice President of property management.

NPS is a market research tool used to measure the loyalty and satisfaction of a company’s customers. In turn, companies use the collected data to assess and improve customer service. Twice a year, Hartman’s property management team requests tenants to use the elective survey to rate their likelihood of recommending the company.

In July, Hartman’s property management team conducted the semiannual survey and received not only their highest score yet but with an improved response rate of 35 percent.

“Improving our score while also increasing the number of surveys taken is a record in and of itself.” shared Al Hartman, President and CEO. “Increasing the number of promoters and decreasing detractors while gathering the highest participation rate in our company history is a testament to the level of excellence on which our property managers operate on.”

Hartman’s world class score of 71.2 was achieved through the reception of perfect tenant ratings at 14 of its properties and ranks the firm 41 percentage points higher than the industry average. Other highlights include 80 percent of tenants identifying as promoters of the company.

The semiannual NPS survey is incredibly important to the firm as it helps Hartman’s property management team better understand its customers’ likes and dislikes, and also find areas for improvement. Within the survey, tenants are allowed to leave responses and feedback regarding their experience. Top feedback from

tenants included their appreciation for the team’s quick responsiveness to needs, availability to take phone calls, timeliness of regular check-ins, and friendliness when property management help was needed.

If you are looking to lease office, retail, or industrial space in Houston, Dallas or San Antonio, please contact a Hartman leasing agent for more information. A leasing representative can be reached by phone at 800-880-2212 or by email at leasing@hi-reit.com.

Houston-based Private Investor Purchases Houston Office Park

JLL Capital Markets has closed the sale of Oak Park Office Center II, a two-story office building totaling 206,362 square feet in Houston.

JLL marketed the property on behalf of the seller, Office Properties Income Trust, in the sale to a Houston-based private investment group that invests across Texas.

The two-story office building is currently 49.0% occupied on a long-term basis by Men’s Wearhouse, a wholly owned subsidiary of Tailored Brands, the retail holding company for various apparel stores, including Joseph A. Bank. The tenant uses the first floor of Oaks Park Office Center II as their headquarters. In addition, the property offers 1,070 parking spaces and has three access points along Rogerdale Road.

Oak Park Office Center II is located at 6380 Rogerdale Road in the Oak Park Business Park at the intersection of Beltway 8 and Westpark Tollway. The property is positioned within the Westchase District, Houston’s fourth largest office submarket, home to more than 1,500 businesses, including several Fortune 500 companies, such as Phillips 66, Honeywell, ABB, Schlumberger, Sabic, Equinor, BMC, Emerson, Worley and more. The office buildings proximity to Interstate 10, US-59, Beltway 8 and Westpark Tollway provides access to more major highways than any other area of Houston. As a result, the property is within 30 minutes from any major destination in Houston, including both major airports, the Texas Medical Center, Katy, Sugar Land, Downtown, the Galleria, the Energy Corridor and Greenway Plaza. Additionally, the Westchase District has a strong demographic base of well-educated and high-income workers residing in and nearby the submarket.

The JLL Capital Markets team representing the seller was led by Managing Directors Kevin McConn and Marty Hogan and Analyst Jack Moody.

Regional Power Center in Houston Sells to Local Investor

JLL Capital Markets has closed the sale of Market Square at Eldridge, a 262,556-square-foot regional power center anchored by a slate of tenants in Houston.

JLL marketed the property on behalf of the seller, Walton Street Capital, L.L.C. Houston-based Wu Properties acquired the asset.

According to Placer.Ai, Market Square at Eldridge center is in the top 5% of all U.S. shopping centers. The high-performing center is 98 percent leased to a robust mix of national tenants, including Burlington, Michaels, Party City, PetSmart, Dollar Tree, HomeGoods, Bath & Body Works, Ulta Beauty, Cato, Old Navy and Office Depot. A Target and popular membership-only retail warehouse serve as shadow anchors.

Market Square at Eldridge is positioned on 32.52 acres at 2660 Eldridge Pkwy S. in a high-traffic infill Houston location at the intersection of Westheimer Road and Eldridge Parkway, which sees more than 99,000 vehicles per day. The property is near Houston’s Energy Corridor, a major employment center. Surrounded by residential and multi-housing development, more than 161,182 residents earning an average annual household income of $90,716 live within a three-mile radius.

The JLL Retail Capital Markets team representing the seller was led by Senior Managing Directors Chris Gerard and Ryan West, Associate Erin Lazarus and Analyst Megan Babovec.