Griffin Partners Lands 110 KSF in Houston Leases
The largest deal was for more than 82,000 square feet.
Griffin Partners has leased 110,050 square feet of office space in its Class A, Houston asset Loop Central. The three-building office campus totals 574,944 square feet and increased its occupancy by 16.1 percent through the leasing deals.
Community Health Choice Texas Inc. has taken the bulk of space, signing for a 82,706-square-foot space. Four floors in Loop Central I will be occupied by Community. Considering the new lease signings, Loop Central stands at a 9.8 percent higher occupancy than the average Class A West Loop asset.
Loop Central I, completed in 1980, is 178,130 square feet, according to CommercialEdge data. The nine-story building houses other tenants including Iberia Management Systems, Easterseals, The Caroline School, Universal American and GHPA.
Loop Central II is 197,868 square feet, according to the same data provider. Along with tenants including GeoPlane, Delta General Agency Corporation, Advisors Financial Group and Lincoln Financial Group, the building also hosts restaurant space occupied by Zoly’s II.
The third building on the campus, Loop Central III, is the largest, standing 10 stories tall and including 198,946 square feet. According to CommercialEdge data, office tenants include HDR, Austin Industries, Aveanna Healthcare and Terra Energy & Resource Technologies.
Renovations completed on the campus in 2020 included an upgraded fitness center, tenant lounge, conference space with kitchen, cafe and seating options both inside and outside. The parking ratio for the property is more than 3.5 per 1,000 square feet.
Situated at 4828, 4848 and 4888 Loop Central Drive, the buildings are adjacent to the interchange of interstates 69 and 610, an intersection of two of Texas’ busiest highways. An improvement project by TX DOT has resulted in $259 million of investments into safety and traffic minimization at the interchange and other transportation areas.
Transwestern Real Estate Services’ Doug Little, executive managing director, Kelli Gault, senior vice president, and Jack Sharnberg, vice president, are responsible for leasing the office campus and represented Griffin Partners in the Community leasing deal. CBRE’s Lucian Bukowski and Boyd Commercial’s David Boyd represented Community.
Transwestern’s busy year
Early this year Transwestern acquired MB Real Estate, a full-service Chicago-based commercial real estate firm. The transaction greatly increased the company’s portfolio of brokerage and office management in that area.
Since then, the company has been appointed as exclusive leasing agent for another Houston asset, 6624 Fannin Tower. The property is a medical office building encompassing 445,725 square feet.
