Tenant to Expand Footprint at the Transwestern-Managed Property by 16,605 SF
October 19, 2021
HOUSTON – Transwestern Real Estate Services (TRS) announces that Opportune, a leading global energy consulting firm, has signed a long-term, 62,535-square-foot expansion and renewal at Pennzoil Place at 711 Louisiana St. in downtown Houston. Opportune will occupy the 31st through 34th floors at the two-building property. Transwestern’s Tyler Garrett and Eric Anderson provided Agency Leasing services on behalf of the landlord, Metropolis Investment Holdings Inc.
“Opportune’s recommitment to Pennzoil Place is a testament to Metropolis’ efforts to create a best-in-class work environment for its tenants,” said Tyler Garrett, Senior Vice President at Transwestern. “Metropolis has demonstrated a deep commitment to health, wellness and sustainability, all of which are critical as companies continue their return to the workplace.”
“Opportune has called Pennzoil Place home since our founding in 2005, and we are pleased to extend and expand our lease in this iconic building,“ said David Baggett, Managing Partner at Opportune LLP. “While we will provide some flexibility in working remotely at times, we strongly believe working together in a collaborative office environment provides enhanced communication and more opportunities to develop our people. Our remodel and expansion will allow us to both better meet the needs of our clients and accommodate a convenient, safe and dynamic workspace for our employees. We look forward to being a significant part of the downtown Houston community for the next decade.”
Managed by Transwestern, Pennzoil Place is a 1.4-million-square-foot, Class A property and offers in-demand amenities such as a 20,000-square-foot full-service fitness facility, bike storage, and on-site food and beverage retailers including Starbucks, Chick-fil-A and Treebeards. Ongoing upgrades to the property include a state-of-the-art destination dispatch elevator system and the build-out of The Room, a tenant lounge with conference suites on the lobby level.
The Transwestern-managed Pennzoil Place is Fitwel® certified and LEED Gold certified. The property offers connectivity to the downtown tunnel system, which spans 6.2 miles of retail and food offerings, and is in proximity to numerous entertainment venues, including the Jones Hall for the Performing Arts and Alley Theatre.
”We are thrilled to not only retain Opportune as a long-term tenant but also expand their footprint at Pennzoil Place, which they have called home since 2005,” said Tom Dempsey, Managing Director at Metropolis Investment Holdings.
“I’ve represented Opportune since 2013, and they have always put a high value on their people and their brand,” said Lucian Bukowski, Vice Chairman at CBRE. “It does not surprise me that they are renewing and expanding their office lease, improving the quality of their space and adding more office amenities to provide a better workplace for their people.” Bukowski represented Opportune in lease negotiations.
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About Opportune LLP
Founded in 2005, Opportune LLP is a leading global energy business advisory firm specializing in adding value to clients across the energy industry, including upstream, midstream, downstream, power and gas, commodities trading, and oilfield services.
Using our extensive knowledge of all sectors of the energy industry, we work with clients to provide comprehensive solutions to their operational and financial challenges. Across energy segments, our practice areas include complex financial reporting, disputes and litigations, enterprise risk, investment banking, outsourcing, process and technology, reserve engineering and geosciences, restructuring, strategy and organizational design, tax advisory, transactional due diligence, and valuation.
About Metropolis Investment Holdings Inc.
Metropolis is a privately held real estate company based in Chicago and owns a collection of distinctive, Class A office towers comprising over six million square feet. Its properties are located in the central business districts of Chicago, Houston, Dallas, Philadelphia, and San Francisco, offering exceptional quality and value to its tenants. Additional investment holdings include: hotel interests, a downtown retail mall, multiple parking facilities and urban developable land.
For over 20 years Metropolis has maintained a well-established reputation for excellence in owning and managing iconic office assets. Its mission is to enable its customers to create a positive sense of belonging to their workspace. Experience. Workspace. Belonging.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners, and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, and investment management. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.