LEE & ASSOCIATES – HOUSTON’S LEASING TEAM DELIVERS BIG WINS IN HEART OF THE ENERGY CORRIDOR

June 10, 2024 (HOUSTON) –

OVERVIEW

In 2020, Houston EC Development started a redevelopment plan for 13501 Katy Freeway with a new vision for the repurposing the former Fortune 100 campus.

Situated on 35 acres, running adjacent to Terry Hershey Park, and connecting Memorial Drive and I-10, the 325,000 square-foot building still had plenty to offer business looking for discerning tenants looking for Class A office space.

Republic Square, as it’s now known, features abundant natural light, fully covered, and secured structured parking, as well as great corporate exposure. The property boasts a scenic lake setting and plenty of great amenities for office tenants of all sizes. A 24/7 Grab and go Park’s Pantry, abundant conference space, collaboration areas, new first-class fitness center with spa-like locker rooms, and on-site security are just some of the amenities offered.

ACTION

In 2021, Lee & Associates – Houston’s Office team was awarded the leasing assignment for Republic Square. Blake Virgilio, Senior Director, CCIM and SIOR, and Bill Insull, Senior Director and CCIM, both of Lee & Associates – Houston, dove into the project, targeting quality corporate tenants. They were able to attract a diverse range of tenants from various industries, ensuring a vibrant and dynamic mix within the development. Most notably, Fugro signed an 85,000 square-foot lease in 2023, in part due to the location and modern amenities the facility offered its current and future employees.

RESULTS

By using a creative and all-encompassing canvassing approach, along with an enhanced tour experience to engage tenants on the unique differentiators of Republic Square, the team signed more than 19 leases, taking the project from 21% to 82% leased within a 30-month period.

By fostering positive and collaborative relationships, the team created a thriving community within Republic Square, making it a sought-after destination for businesses looking for a prime location in the heart of the Energy Corridor.

Lee & Associates – Houston Research

About Lee & Associates – Houston

Lee & Associates – Houston is a fully-integrated commercial real estate company with unrivaled market knowledge and an unwavering commitment to integrity and excellence. Our business-minded brokers specialize in office, industrial, and land real estate investments. Lee & Associates – Houston is part of a nationwide network of brokers in more than 80 offices in North America. The brokerage is uniquely qualified to support our client’s real estate needs in Houston, across Texas, and throughout the US. For more information, visit lee-associates.com/houston.