Intelligent Real Estate Investments - Hines

ABS Renews and Expands Lease at Hines’ Greenspoint Place

Entire Campus to Undergo Repositioning for the Benefit of all Tenants

(HOUSTON) – Hines, the international real estate firm, along with General Motors Pension Plans, announced today that the American Bureau of Shipping (ABS) has renewed its lease in Greenspoint Place for 228,254 square feet, expanding by 30,481 square feet, making their total leased space 258,735 square feet.

The renewal and expansion encompasses the entire ABS Plaza building (16855 Northchase Drive), space in Greenspoint Place 2, (16825 Northchase Drive) and retail space in Gallery 1.

ABS Plaza and Greenspoint Place 2 are LEED® Gold certified.

Hines also announced a comprehensive plan to reposition Greenspoint Place that includes an amenity-rich program which will allow the campus to remain competitive with other Class A properties across the city.

This repositioning plan contains many projects that are already underway that will add to the amenities available to Greenspoint Place tenants, including a large, full-service fitness center with locker rooms and a state-of-the-art conference center. Several additional enhancements are also contemplated including an additional park area with outdoor seating and wifi, and redesigned signage throughout the complex.

“We are excited to continue our two-decade-long relationship with ABS at Greenspoint Place,” said Hines Senior Managing Director John Mooz. “We are committed to maintaining the complex to Class A standards, ensuring the repositioned campus meets the demands of today’s corporate user.”

“With Greenspoint Place occupying the top niche in the submarket, we are already seeing strong leasing activity.

There is great space coming available starting this year, and we fully expect to re-lease all of the space as it becomes available between now and 2018,” Mooz said.

ABS was represented in the transaction by Jim Arket and Mona Williams of James Arket & Co. and Hines was represented by Chip Colvill and Damon Thames of Colvill Office Properties.

Hines is a privately owned real estate firm involved in real estate investment, development and property management worldwide. The firm’s historical and current portfolio of projects that are underway, completed, acquired and managed for third parties includes 1,283 properties representing more than 516 million square feet of office, residential, mixed-use, industrial, hotel, medical and sports facilities, as well as large, master-planned communities and land developments.

Currently, Hines manages 378 properties totaling 151.9 million square feet, which includes 84.3 million square feet for third parties.

In the Greenspoint area, Hines and the GM Pension Plans own approximately two million square feet of office and retail space. With offices in 111 cities in 18 countries, and controlled assets valued at approximately $25.2 billion, Hines is one of the largest real estate organizations in the world. Hines is also a world leader in sustainable real estate strategies, with extensive experience in LEED, ENERGY STAR®, BREEAM, Haute Qualité Environnementale and DGNB green building rating systems.

Visit www.hines.com for more information.

Greenspoint Place 2