HOUSTON – Transwestern Real Estate Services (TRS) and Griffin Partners announce Loop Central, a three-building office campus exclusively leased by Executive Managing Director Doug Little, Senior Vice President Kelli Gault and Vice President Jack Scharnberg, is outpacing West Loop Class A average occupancy by 9.8%, making it a standout among properties in the submarket. Several transactions, totaling 110,050 square feet, boosted tenancy at the 574,944-square-foot Class A asset by 16.1%.
Community Health Choice Texas, Inc. (Community), a nonprofit managed care organization, signed a new 82,706-square-foot lease for four full floors at Loop Central I, driving the significant occupancy boost. Transwestern’s Kelli Gault, Jack Scharnberg, and Doug Little, and David Baker represented the landlord, Griffin Partners. Community was represented by David Boyd, CCIM, SIOR of Boyd Commercial and Lucian Bukowski of CBRE.
“Loop Central was a good option for Community to consider because of its ideal commute location, proximity to tenant amenities, competitive economics, visibility and parking options,” said Bukowski. “Although the transaction was complex, we enjoyed working with Griffin Partners, along with Doug and Kelli at Transwestern, to secure a good deal that met the needs of both parties.”
Loop Central underwent extensive renovations in 2020, which included an upgraded fitness center, full-service café/deli, wi-fi-equipped tenant lounge, full-service conference facility with kitchen, and multiple indoor and outdoor seating options offering co-working options and entertainment.
“A unique attribute of Loop Central is its location,” said Gault. “Situated on the brink of the Galleria and Greenway submarkets just inside I-610, Loop Central offers tenants the ability to access all the amenities these submarkets have to offer within minutes. Additionally, the property’s proximity to several of Houston’s major thoroughfares allows tenants the convenience of easy ingress and egress without dealing with the traffic congestion considered typical in these submarkets.”
With a parking ratio exceeding 3.5 per 1,000 square feet, Loop Central is situated near Houston’s primary transportation arteries and immediately adjacent to the I-69/I-610 interchange, a connection point for two of Texas’ most-traveled highways. The interchange is part of a $259 million improvement project by TX DOT to improve safety and mobility while reducing congestion.
Photos of Loop Central are available for download here.
About Griffin Partners
Griffin Partners is a commercial real estate investment, development, and property management firm founded in 1980 by Fred Griffin. Headquartered in Houston, Texas, Griffin Partners cumulatively has acquired or developed over 18 million square feet of space across more than 79 projects comprised of 112 individual properties, with an aggregate value that exceeds over $2.5 billion. The company owns and operates properties throughout Texas, Colorado, Arizona, Utah, Tennessee, and North Carolina. For more information on Griffin Partners, visit www.griffinpartners.com
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, investment management, and opportunistic endeavors for high-net-worth investors. 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.
Media Contact:
Montgomery Angel
346.232.8625
montgomery.angel@transwestern.com
twmediarelations@transwestern.com
