Leasing Team Boosts Occupancy at Class A Asset 22% in Past Six Months
September 29, 2022
HOUSTON – Transwestern Real Estate Services (TRS) announces it has been retained for property management services at 1500 Citywest, a 192,313-square-foot Class A office building in Houston’s Westchase submarket.
This comes after Transwestern was named leasing agent on January 1, 2022. The leasing team has inked 38,193 square-feet of office leases in the first half of 2022. Executive Managing Director Doug Little and Senior Vice Presidents Kelli Gault and Louann Pereira provided agency leasing services and represented the landlord, BioUrja Group, in the transactions.
“The leasing success at 1500 CityWest proves that the Westchase office submarket is gaining leasing momentum. We are excited to partner with the new ownership of BioUrja and continue to add value and tenants at 1500 CityWest,” said Pereira.
1500 CityWest began in the first quarter of 2022 with an occupancy rate of 65% and as of the third quarter of 2022 is at 87% occupancy. The team is now marketing the entire 6th floor to potential new tenants.
Located in the heart of the up-and-coming Westchase District, this property features an easy ingress/egress, above-standard parking ratio with covered spaces, controlled access with onsite officers, an onsite delicatessen and Lunchdrop services. Additional upgrades to the asset will be announced later this year.
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 programs 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
