Reserve at Westchase Now 77% Leased
November 01, 2023
HOUSTON – Transwestern Real Estate Services (TRS) announces two leases, totaling 46,899 square feet, have been executed at Reserve at Westchase, a 194,919-square-foot, Class A office building located at 3250 Briarpark Drive in Houston’s Westchase submarket. Transwestern’s Jack Scharnberg and John Heard represented the landlord in the transactions.
Taylor Morrison, one of the nation’s leading homebuilders and developers, executed a new 29,000-square-foot lease, relocating its Houston office from 2929 Briarpark Drive. CBRE’s Jon Lee and Claire Douthit represented the tenant in negotiations.
Meritage Homes of Texas LLC, a wholly owned subsidiary of Meritage Homes (NYSE: MTH), the fifth largest homebuilder in the nation based in Scottsdale, Arizona, renewed its 17,899-square-foot lease. Meritage has occupied its space at the building since 2018. Cresa Global Inc.’s Neil Elliott, Dustin Cruz and Lawson Martin represented the tenant in negotiations.
“The continued activity at 3250 Briarpark comes as no surprise,” said Scharnberg. “A strong, financially stable ownership coupled with the newly completed renovations at the project makes this a very attractive option among the slim Class A availabilities in West Houston.”
Earlier this year, Mattress Firm signed a 55,855-square-foot lease, relocating its headquarters to the building. The asset is currently undergoing renovations to the lobby and common areas. The large, modern floorplate and ease of access to the West Belt and Westpark Tollway have been key attributes to attract tenants to Reserve at Westchase.
Transwestern also handles Asset Services for the building.
Renderings and building photos available here.
About Transwestern Real Estate Services
Part of the Transwestern companies, Transwestern Real Estate Services (TRS) strives to add value for investors, owners and occupiers across all commercial property types. Fueled by a holistic perspective of the real estate life cycle, agility and creativity are hallmarks of our approach, while vast national resources and sound market intelligence underpin customized recommendations and property solutions.
Five dynamic, integrated companies make up the Transwestern enterprise, giving us the perspective to think broadly, deeply and creatively about commercial real estate. Clients and investors rely on us for expertise that spans institutional and opportunistic investment, development, hospitality, and brokerage and asset services. Our award-winning, collaborative culture empowers team members with resources and independence to work across boundaries in pursuit of innovative solutions, reinforcing a reputation for service excellence that translates to measurable results. Through offices nationwide and alliance partners around the globe, we positively impact the built environment and our communities while fostering a work climate that champions career vitality for all. Learn more at transwestern.com and @Transwestern.