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Leasing Volume Signals Strong Desire to Return to Office Environment
Hertz Investment Group recently inked approximately 90,000 square feet of new leasing activity for 2021 and is in lease negotiations with another 11,000-square-foot new tenant in Brookhollow Central towers I and II, a class-A office complex located in the business hub of Houston. These transactions signal increasing optimism for Houston’s office market, which has been hard hit by the pandemic and upturn in oil prices.
“Houston is a national leader in population and economic growth, and companies are looking to locate into the city,” says Zev Hertz, chairman of Hertz. “This volume of leasing activity signals a strong desire to return to an office type environment and given Brookhollow Central ‘s location, between the city’s ever-expanding business district and the nearby highly-desirable residential neighborhoods, it is an ideal spot for companies as they reinvent what their office today will look like.”
The largest new tenant is Christus Health, a nonprofit healthcare facilities operator, occupying more than 21,000 square feet. Christus signed on in November, and will relocate its Houston administrative office from its long-time home at 2707 N. Loop Fwy. to Brookhollow Central II at 2900 North Loop West in second quarter 2022.
With a recent $14 million renovation, the buildings have redesigned lobbies, common areas, restroom and building systems. The complex totals approximately 800,000 square feet on 10 acres at Loop 610 and U.S. 290 in northwest Houston, a few miles from the Galleria.
- ◦Lease