September 25, 2018
HOUSTON – Transwestern today announces Ernst & Young LLP (EY) has leased 120,827 square feet at 5 Houston Center at 1401 McKinney St. in Houston. The office lease is a relocation and extension within the building. Transwestern represented the landlord, Spear Street Capital.
“EY is a long-term, highly valued tenant, and their decision to make a longstanding commitment to the building is a testament to both the improvements the ownership has underway as well as the continued momentum building on the east side of downtown,” said Transwestern Vice President Tyler Garrett. “The modernizations, combined with the dynamic surrounding neighborhood, proved to be a great match for EY to be able to continue to recruit and retain top young talent in a highly competitive marketplace.”
The ownership’s recent improvements include a state-of-the-art fitness center, reimagined lobby complete with curated coffee concept, and a high-tech tenant lounge.
“We are excited to expand within 5 Houston Center to provide our people even more opportunities to connect, collaborate and grow within our Houston office,” said Bill Strait, Houston Office Managing Partner, Ernst & Young LLP. “Reflecting the energy, connectivity and diversity of the Bayou City, the redesign will allow our people to work with more flexibility and teaming throughout the day, providing an enhanced work experience.”
5 Houston Center is a 580,000-square-foot, Class A office tower built in 2001. The building is centrally located around burgeoning new development occurring on the east side of Houston’s Central Business District. Located adjacent to Discovery Green, the building is surrounded by new street-level restaurants, hotels and multifamily projects. The property is located within walking distance of Minute Maid Park, Toyota Center, and George R. Brown Convention Center.
Transwestern represented the landlord, Spear Street Capital. Vice Chairman Glenn Dyke, Vice Chairman Sanford Criner and Vice President Jeff Cairns of CBRE represented the tenant.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Tenant Advisory, Capital Markets, Asset Services and Research, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 35 U.S. offices and assists clients through more than 211 offices in 36 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.