Exceptional Value and Dedicated Leasing Effort Secure Lease Despite Uncertainty
November 18, 2020
HOUSTON – Transwestern Real Estate Services (TRS) announces Yang Ming Marine Transport Corp. has leased 34,541 square feet at Reserve at Westchase at 3250 Briarpark Drive in Houston. Transwestern’s Agency Leasing team of Executive Vice President David Baker and Associates Jack Scharnberg and Kristen Baker executed the lease on the heels of closing two new direct deals of 50,000 square feet and 3,500 square feet, as well as the completion of the lobby renovation.
Amid the COVID-19 pandemic and resulting economic downturn, Transwestern’s Agency Leasing team relied on their tenacity and perseverance to secure this lease.
“Despite virtually no property tours being conducted due to social distancing guidance and economic uncertainty, our team had been tracking every expiring tenant across Westchase and West Houston,” said David Baker. “We contacted over 200 tenants and brokers with leases expiring in the next four years to share this incredible Class A office opportunity and economic value.”
Reserve at Westchase is a four-story, 194,919-square-foot building in the amenity-rich Westchase submarket. The building was recently renovated and features expansive floorplates that provide space for larger tenants to lease an entire floor with room to grow instead of having to separate their workforce across multiple floors. With an accessible location, park-like setting and abundance of nearby amenities, Reserve at Westchase is one of the best values in West Houston offering 125,000 square feet available for lease.
According to Transwestern research, this is the largest new deal done in the Westchase submarket since COVID-19 hit. JLL’s Don Foster represented the tenant, which was previously located at 3 Sugar Creek Center in Sugar Land.
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.