(HOUSTON) – Hines and Ivanhoé Cambridge, international real estate firms, announced today that Texas Tower will offer The Square, Hines’ flexible office product. The new location known as The Square at Texas Tower will be self-managed and a direct extension of Hines’ hallmark property management services. Comprised of 18,000 square feet on the mezzanine level overlooking the activated lobby of Texas Tower, The Square will offer a comprehensive range of flexible space solutions to its tenant customers and provide an elevated level of service and amenitization akin to a hospitality environment. It is scheduled to open in early 2022.
“We recognize the way our tenants conduct business is rapidly changing. The Square at Texas Tower will provide the highest quality flexible work experience in the market supported by an unparalleled dedication to service and integrity. Its offerings accommodate tenants’ temporary teams, task forces, and expansions, and welcomes collaboration and variability,” said Hines Senior Managing Director John Mooz.
“We are thrilled to offer this signature workplace service in Texas Tower,” said Jonathan Pearce, Executive Vice President, Leasing and Development, Office and Industrial at Ivanhoé Cambridge. “We have listened to our tenants and understand their need for flexibility of service, duration and built environment. As owner of Texas Tower and long-standing partners with Hines, we thrive to put forward innovative solutions such as The Square, to elevate and support the user experience of our customers and their employees’ engagement, attraction, retention, and development.”
“We are thrilled to bring the management of The Square at Texas Tower in-house and to our new, soon-to-be global headquarters. The Square is a continuation of our ongoing pursuit of innovation as we seek to set the standard of product experience and hospitality in high-performance office buildings,” commented Hines Director of Workplace Operations, Annie Rinker. “Hines is dedicated to leading the evolution of the office industry and providing flexible workspace to our tenants.”
Designed by Pelli Clarke Pelli, Texas Tower will be built to meet the highest sustainability, connectivity, and wellness standards for LEED® Platinum, WiredScore and WELL Building Standards™. The Class AA office building will redefine space by offering a radical new approach to lobby and common-area design and activation. Contributing to the building’s service-driven amenities will be The Square, curating an inspiring mix of spaces for productivity, collaboration, and wellbeing; spaces that are even more relevant for tenants-customers as social distancing remains a priority.
The Hines² platform was launched in 2018 in response to the evolving needs of the modern workforce. This elevated services platform, with physical locations known as The Square, allows Hines to deliver agile and amenitized workspaces to its tenant-customers. Texas Tower marks the third location of The Square. Locations at 717 Texas in Houston and the Kearns Building in Salt Lake City opened in 2020. As Hines looks to continued expansion, future cities may include Atlanta, Chicago, San Francisco, Washington, DC, and London.
Hines is a privately owned global real estate investment firm founded in 1957 with a presence in 255 cities in 27 countries. Hines oversees investment assets under management totaling approximately $83.6 billion¹. In addition, Hines provides third-party property-level services to more than 367 properties totaling 138.3 million square feet. Historically, Hines has developed, redeveloped or acquired approximately 1,486 properties, totaling over 492 million square feet. The firm currently has more than 171 developments underway around the world. With extensive experience in investments across the risk spectrum and all property types, and a foundational commitment to ESG, Hines is one of the largest and most-respected real estate organizations in the world. Visit www.hines.com for more information. ¹Includes both the global Hines organization as well as RIA AUM as of June 30, 2021.
About Ivanhoé Cambridge
Ivanhoé Cambridge develops and invests in high-quality real estate properties, projects and companies that are shaping the urban fabric in dynamic cities around the world. It does so responsibly, with a view to generate long-term performance. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint. Ivanhoé Cambridge invests internationally alongside strategic partners and major real estate funds that are leaders in their markets. Through subsidiaries and partnerships, the Company holds interests in more than 1,100 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held C$60.4 billion in real estate assets as of December 31, 2020 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), a global investment group. For more information: www.ivanhoecambridge.com.