Bond Collective Enters Houston Market
The coworking firm signed a lease for more than 25,000 square feet at Pennzoil Place, an iconic high-rise in the city's CBD. Transwestern and Cushman & Wakefield assisted the parties in the deal.
Pennzoil Place
Coworking company Bond Collective has leased 25,871 square feet on two floors at Pennzoil Place in Houston, marking the firm’s first foray in the metro. Transwestern worked on behalf of the owner of the 36-story building, Metropolis Investment Holdings Inc., while Cushman & Wakefield represented the new tenant.
Located at 711 Louisiana St. in Houston’s central business district, Pennzoil Place is near the metro’s Theatre District, offering direct access to the underground tunnel system. The 1.4 million-square-foot, Class A high-rise was built in 1975. Metropolis Investment purchased the asset in 1999. Currently, Bracewell, Cheniere and Opportune are among the tenants of the LEED Gold building. Last year, commercial law firm Munsch Hardt Kopf & Harr P.C. renewed and expanded its original lease here by roughly 8,800 square feet.
“With a high focus on curated design, Bond Collective will be able to take advantage of over 20-foot ceiling heights on the first floor, creating a dramatic entry point to its space that will serve to activate the lobby with vibrant architectural design,” Transwestern Senior Vice President Tyler Garrett said in a prepared statement. Garret and Executive Vice President Eric Anderson negotiated the lease.
Cushman & Wakefield Senior Director Christine Colley and Senior Associate Nicholas Woodhull with the firm’s New York office, together with Cushman & Wakefield Houston Executive Director Morgan Relyea Colt and Senior Associate Emily Howard-Wilson represented Bond Collective.
Image courtesy of Transwestern
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