Tenant Relocation Driven by Desire to Upgrade Image and Efficiency
April 20, 2021
Houston – Transwestern Real Estate Services (TRS) announces NewRez LLC (NewRez) has signed a long-term, full-floor lease for 60,188 square feet at 17000 Katy Freeway in Houston. The national mortgage lending and servicing organization will move from its current location at 2020 S. Dairy Ashford Rd. to the 174,521-square-foot, Class A asset. Transwestern Executive Vice President Eric Anderson and Vice President Parker Burkett provided agency leasing services on behalf of the building owner, InSite 17000 KF LP, an affiliate of Insite Realty Partners LP.
“We are excited to welcome NewRez to the top floor at 17000 Katy Freeway,” said Burkett. “This property offers many of the attributes the company was seeking to increase efficiencies, boost visibility and align with its high-quality image.”
Located in the heart of Houston’s Energy Corridor in the prestigious Park Ten Office Park, 17000 Katy Freeway offers great ingress and egress off Interstate 10 as well as unparalleled visibility. The property boasts large, flexible and efficient floor plates, the potential for building top signage, Class A finishes, a new tenant lounge with on-site dining, and an above market parking ratio.
NewRez’s lease brings 17000 Katy Freeway to 70% occupancy. The entire ground floor, consisting of 53,000 contiguous square feet, is currently available and can be demised to accommodate a variety of users.
Marshall Clinkscales with Colliers International Houston, LLC represented NewRez in the transaction.
About NewRez LLC
NewRez LLC (NewRez) is a leading nationwide mortgage lender and servicer. As a lender, NewRez focuses on offering a breadth of industry-leading products, supported by a loan process that blends both human interaction and the benefits of technology into an unparalleled customer experience. Founded in 2008 and licensed to lend in 50 states, NewRez is headquartered in Fort Washington, Pennsylvania and operates multiple lending channels, including Correspondent Lending, Wholesale, Direct-to-Consumer, Retail, and a network of joint venture partners. NewRez’s servicing business consists of its performing loan servicing division, NewRez Servicing, and its special servicing division, Shellpoint Mortgage Servicing. NewRez also has several affiliates that perform various services in the mortgage and real estate industries. These include Avenue 365 Lender Services, LLC, a title agency, and E Street Appraisal Management LLC, an appraisal management company. NewRez is member of the New Residential Investment Corp. family. More information is available at www.newrez.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. 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.