{"id":1004067377,"date":"2013-02-17T19:27:20","date_gmt":"2013-02-18T03:27:20","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=102788"},"modified":"2022-12-05T06:08:14","modified_gmt":"2022-12-05T14:08:14","slug":"hines-tapped-to-manage-three-building-energy-corridor-portfolio","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\/","title":{"rendered":"Hines Tapped to Manage Three-Building Energy Corridor Portfolio"},"content":{"rendered":"<p style=\"text-align: justify\"><em>By Georgiana Mihaila, Associate Editor<\/em><\/p>\n<div id=\"attachment_102789\" class=\"wp-caption alignleft\" style=\"width: 268px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/Energy-Tower-1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-102789\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/Energy-Tower-1.jpg\" alt=\"Energy Tower I\" width=\"258\" height=\"300\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Energy Tower I<\/p>\n<\/div>\n<p style=\"text-align: justify\">Franklin Street Properties Corp. has retained international real estate firm Hines to manage its three-building office portfolio in the West Houston Energy Corridor.<\/p>\n<p style=\"text-align: justify\">The multi-tenant office portfolio comprises Energy Tower I\u2014a 326,000-square-foot, 14-story building located at 11700 Katy Freeway; Phase I of The Offices at Park 10, a six-story building at 16285 Park Ten Place, with 157,000 square feet of space; and neighboring Phase II of The Offices at Park 10, located at 16290 Katy Freeway and totaling 157,000 square feet.<\/p>\n<p style=\"text-align: justify\">&#8220;Hines has enjoyed its relationship with Franklin Street Properties, managing buildings for FSP in Atlanta, Chicago, Dallas and Kansas City. Following our firm&#8217;s recent success with FSP at Phoenix Tower in Houston, we look forward to achieving our owner&#8217;s asset objectives through Hines&#8217; property management expertise,&#8221; said General Property Manager Don Emerson, who will oversee Hines&#8217; on-site management staff at each property.<\/p>\n<p style=\"text-align: justify\">The three-building portfolio is 100 percent leased, with Technip USA Holdings Inc. and Murphy Exploration and Production Co. occupying substantial portions of Energy Tower I and the Offices at Park 10, respectively.<a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/georgiana.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-102790\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/02\/georgiana.jpg\" alt=\"\" width=\"284\" height=\"300\" \/><\/a><\/p>\n<p style=\"text-align: justify\">According to Marcus &amp; Millichap, Houston continues to rank among the tightest office markets in the nation. With above-average job creation, limited new supply and a highly active energy industry, investor demand for Houston properties will most likely rise over the next year alongside occupancy and rents. In high-demand areas such as the Energy Corridor and CBD, availability of large blocks of space has dwindled, and soon-to-be-vacated space should be met with healthy demand.<\/p>\n<h6 style=\"text-align: justify\">Image: Energy Tower I courtesy of Hines<\/h6>\n<p style=\"text-align: justify\">\n","protected":false},"excerpt":{"rendered":"<p>Franklin Street Properties Corp. has retained international real estate firm Hines to manage its three-building office portfolio in the West Houston Energy Corridor. The multi-tenant office portfolio is comprised of Energy Tower I&mdash;a 326,000-square-foot, 14-story building located at 11700 Katy Freeway; Phase I of The Offices at Park 10,<\/p>\n","protected":false},"author":39,"featured_media":1004506938,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[39438,1815],"class_list":["post-1004067377","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-houston","category-latest","tag-houston","tag-national"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Hines Tapped to Manage Three-Building Energy Corridor Portfolio - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Tapped to Manage Three-Building Energy Corridor Portfolio\" \/>\n<meta property=\"og:description\" content=\"Franklin Street Properties Corp. has retained international real estate firm Hines to manage its three-building office portfolio in the West Houston Energy Corridor. The multi-tenant office portfolio is comprised of Energy Tower I&mdash;a 326,000-square-foot, 14-story building located at 11700 Katy Freeway; Phase I of The Offices at Park 10,\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2013-02-18T03:27:20+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T14:08:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Energy-Tower-1.jpg?w=1024\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Amalia Otet\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\\\/\"},\"author\":{\"name\":\"Amalia Otet\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/9f6a1043b1429cf8ff129c75614caa73\"},\"headline\":\"Hines Tapped to Manage Three-Building Energy Corridor Portfolio\",\"datePublished\":\"2013-02-18T03:27:20+00:00\",\"dateModified\":\"2022-12-05T14:08:14+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\\\/\"},\"wordCount\":266,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2021\\\/03\\\/Energy-Tower-1.jpg\",\"keywords\":[\"Houston\",\"National\"],\"articleSection\":[\"Houston\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/hines-tapped-to-manage-three-building-energy-corridor-portfolio\\\/\",\"name\":\"Hines Tapped to Manage Three-Building Energy Corridor Portfolio - 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