{"id":1004305160,"date":"2019-03-04T03:58:10","date_gmt":"2019-03-04T11:58:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004305160"},"modified":"2019-03-04T07:19:28","modified_gmt":"2019-03-04T15:19:28","slug":"direct-energy-leases-106-ksf-in-houston-for-new-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/direct-energy-leases-106-ksf-in-houston-for-new-hq\/","title":{"rendered":"Direct Energy Leases 106 KSF in Houston for New HQ"},"content":{"rendered":"
\"Houston<\/a>

Houston Center<\/p><\/div>\n

Direct Energy LP has signed a 105,578-square-foot office lease at Brookfield Properties\u2019 2 Houston Center, a Class A office building in downtown Houston. The North American retailer of energy and energy services will move its corporate headquarters here in 2021, where it will take space on the sixth and seventh floors, as well as space on P1.<\/p>\n

\u201cHouston enjoys a diversified economy and offers an attractive business climate that continues to attract new companies to downtown, such as Direct Energy,\u201d<\/em> Travis Overall, Brookfield Properties\u2019 executive vice president & head of the Texas Region, told Commercial Property Executive<\/em>. \u201cWe were able to offer Direct Energy a space that is unique to downtown. (The property\u2019s) large floor plates have garnered significant interest from the market because of the efficiencies they provide to tenants who are focused on maximizing collaboration and creating more opportunities for employee interaction.\u201d<\/em><\/p>\n

Located at 909 Fannin St., Houston Center spans 6.5 blocks and is the largest property in the city\u2019s central business district. The property is comprised of four office structures and a 200,000-square-foot retail component. Construction on Houston Center began originally in 1974 and was developed over a 10-year period ending in 1984. <\/p>\n

According to Overall, Direct Energy\u2019s move to Houston Center reinforces the vitality of the downtown submarket and the company\u2019s desire for a collaborative workplace that offered plenty of amenities for employees and guests.<\/p>\n

\u201cThe area surrounding Houston Center has changed remarkably since the project was first developed in the 1970s and 1980s,\u201d<\/em> Overall said. \u201cWith the rise of major public and private investments, the Houston Center campus has become the core of downtown Houston.\u201d <\/em><\/p>\n

Ambitious renovation plan<\/h2>\n
\"2<\/a>

Rendering of 2 Houston Center<\/p><\/div>\n

Brookfield acquired the four-building office campus for $875 million<\/a> in late 2017, and at the time of acquisition, it was one of Houston\u2019s largest office deals ever.<\/p>\n

The company just started a major upgrade of the property<\/a>. Brookfield\u2019s plans include adding a new arrival experience along McKinney Street, with a new central plaza and greenspace, monumental stair connection to landscaped terraces, two-story glass facade, and reclad sky bridges to foster street-level restaurant and retail activity.<\/p>\n

\u201cWhen we acquired Houston Center, we knew that significant improvements would need to be made to attract and retain the best tenants in the market,\u201d<\/em> Overall said. \u201cBrookfield\u2019s vision for Houston Center is focused on creating a more welcoming environment and providing enhanced amenity offerings that will appeal to a diverse audience\u2014tenants, visitors, and neighbors.\u201d<\/em><\/p>\n

CBRE\u2019s team of Brandon Clarke, Paul Penland, Ryan Roth, Josh O\u2019Rear and Mark Reilly represented Direct Energy in the lease. Doug Little, David Baker, Kelli Gault, and Jack Scharnberg of Transwestern and Clint Bawcom of Brookfield Properties represented the owner.<\/p>\n

Images c<\/em>ourtesy of Brookfield Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The energy retailer is set to occupy two floors at 2 Houston Center. CBRE negotiated the deal on behalf of the tenant. <\/p>\n","protected":false},"author":451,"featured_media":1004305208,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,1589,21742,21747],"tags":[33497,32789,39023,33313],"class_list":["post-1004305160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-houston","category-latest","category-office","tag-brookfield-properties","tag-cbre","tag-david-baker","tag-transwestern"],"acf":[],"yoast_head":"\nDirect Energy Leases 106 KSF in Houston for New HQ - 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\/direct-energy-leases-106-ksf-in-houston-for-new-hq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Direct Energy Leases 106 KSF in Houston for New HQ\" \/>\n<meta property=\"og:description\" content=\"The energy retailer is set to occupy two floors at 2 Houston Center. 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