June 16, 2021
Houston – Transwestern Real Estate Services (TRS) announces that Colliers International signed a long-term, 36,954-square-foot renewal and expansion at Park Towers, the Class A office property located at 1233 W. Loop S. in Houston’s Uptown submarket. Transwestern Managing Director Doug Little, Executive Vice President David Baker, Vice President Kelli Gault and Associate Jack Scharnberg provided agency leasing services and represented the landlord, Regent Properties, in the transaction.
“Park Towers’ amenitized campus and its premier location within the highly sought-after Uptown submarket offers a strong opportunity for tenants who want to provide their employees with a best-in-class work environment,” said Little. “The property’s location, efficient floorplates, building signage and visibility were determinants in the tenant’s decision to renew and expand their lease.”
Park Towers is a 552,782-square-foot office property and consists of two 18-story buildings. The campus boasts two high-performance fitness facilities with one in each tower, a conference center equipped with A/V capabilities, a tenant lounge with a state-of-the-art golf simulator, bike storage, an on-site deli and Amazon Lockers. Recently, Regent Properties finalized a deal with Starbucks Coffee to develop a drive-thru location on the corner of Post Oak Boulevard and Post Oak Park Drive. Park Towers is in close proximity to the Uptown Park shopping center and Memorial Park.
“We are thrilled that Colliers International continues to make Park Towers its home in Houston,” said Matthew Benbassat, Chief Operating Officer of Regent Properties. “Our vision for Park Towers is to provide the Regent experience of enhanced first-class amenities paired with a Class A project and we are excited Colliers has recognized these offerings with their renewal and expansion.”
In addition to Colliers International, the Transwestern leasing team recently completed 44,000 square feet of leases at Park Towers for Woodforest Bank, Clarkson Platou Shipping Services, iHeart Media and Ortec Consulting.
“We chose Park Towers in 2013 because of its ease of access, efficiency, consistency with our brand and our excellent relationship with the landlord at the time,” said Pat Duffy, President of Colliers International Houston. “Regent has proven to be an excellent successor landlord who understands the needs of Class A office users and was great to work with. We are very excited to continue our growth at Park Towers.”
Colliers International was represented by Jay Kyle.
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. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.