(Houston) – Hines and Ivanhoé Cambridge, global real estate firms, today announced five new office tenants have signed leases at Texas Tower, the new 47-story, 1.2 million-square-foot, Class AA office tower in downtown Houston, bringing the building to 70% committed. Cheniere Energy, Inc. has leased a 151,490 square-foot multi-floor office space that will serve as the international energy company’s new global headquarters. Chicago Title, Charter Title Company, Novak Druce and a trading company have also signed new leases to occupy over 55,000 square feet of space.
“We are hearing consistently from our new tenant occupants that Texas Tower’s curated amenities and tailored programming come together to create new energy and exciting experiences that are ultimately enticing employees back to their workplace,” said Hines senior managing director John Mooz. “The leasing success would appear to prove that the project’s community-centric, highly experiential offering speaks to Houston’s top tenants as they bring employees back to the office, and to our shared vision that an engaging, hyper amenitized workspace continues to drive talent engagement, retention and development. We look forward to welcoming our new tenants and their employees to Houston’s most advanced new office workplace.”
“As the corporate world is embracing new ways of working and what it means for their business, we truly believe a highly amenitized workplace is key for talent collaboration, engagement, attraction and retention and that is what Texas Tower truly embodies,” said Charlie Musgrave, Vice President, Office Leasing at Ivanhoé Cambridge. “We’re thrilled to welcome this new line-up of Houston’s top tier tenants at Texas Tower, not only bringing the project to 70% leased, but most importantly, confirming how they share our vision of how the office of the future comes alive.”
Located on floors 12-16, Cheniere’s new 151,490 square-foot headquarters will include 16,000 square feet of private gardens and a 700 square-foot outdoor terrace exclusively for Cheniere employees and visitors. Cheniere, a Fortune 500 company, is the leading producer and exporter of liquefied natural gas (LNG) in the United States, providing a clean, secure and affordable solution to the growing global need for natural gas.
“Through the years and through the pandemic, Cheniere has remained committed to retaining a downtown Houston presence that provides the best working environment for our team,” said Jack Fusco, Cheniere’s President and Chief Executive Officer. “Our new Texas Tower headquarters reflects our company’s culture, with LEED certified efficiency, vibrant green space that inspires innovation, and modern work areas where teamwork can thrive.”
Chicago Title will occupy 10,412 square feet on the 29th floor of Texas Tower. Chicago Title is one of the nation’s premier real estate service companies, providing title insurance, escrow, closing services, construction disbursement, and legal document recordation. Chicago Title merged with Fidelity National Financial to become one of the largest title companies in the nation.
Charter Title Company has leased 4,748 square feet on the 39th floor. Serving the greater Houston area and Texas community for over 30 years, Charter Title provides title insurance, escrow/closing services, and related real estate services to residential and commercial real estate professionals. Charter Title and its affiliates are a subsidiary of Fidelity National Title Insurance Company, whose parent is Fidelity National Financial.
After signing a lease in May, Novak Druce has already moved into one of Texas Tower’s 9,500 square-foot spec suites. Designed by Gensler, the spec suites are fully furnished offices ranging in size from 3,800 to 9,500 square feet and have been specifically built out to provide an immediately available, state-of-the-art office environment
The newest addition to the Houston skyline, Texas Tower adds a remarkable architectural presence while defining a new approach to office workspace experience. The building opened in December 2021 and features a grand, activated and hospitality-centric lobby, flexible workspaces, and innovative common-areas. Designed by Pelli Clarke & Partners, the office tower is built to the highest standards that Hines and Ivanhoé Cambridge have ever developed in Houston, and will achieve the highest designations for LEED, WiredScore and WELL certifications.
Chris Oliver, Trey Strake, David Guion with Cushman and Wakefield represented Cheniere. Don King with JLL and Erik Ozolins with Orion Realty represented Chicago Title. Chip Horne of Cushman and Wakefield and Ryan Tiernan of Orion Realty represented Charter Title. Mark O’Donnell of Savills represented Novak Druce. Bryant Lach with JLL represented the trading company. Michael Anderson of Cushman and Wakefield, Inc. represented Hines and Ivanhoé Cambridge in the deals.
Additional tenants that have already moved into Texas Tower include Vinson and Elkins, McGuireWoods, and DLA Piper law firms. Hines has also leased approximately 180,000 square feet for its new global headquarters.
For more information, including leasing details, visit https://texastower.com/.
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 long-term view to generate optimal, risk-adjusted returns. Ivanhoé Cambridge is committed to creating living spaces that foster the well-being of people and communities, while reducing its environmental footprint.
Vertically integrated in Canada, 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 1,200 buildings, primarily in the industrial and logistics, office, residential and retail sectors. Ivanhoé Cambridge held close to C$69 billion in real estate assets as of December 31, 2021 and is a real estate subsidiary of the Caisse de dépôt et placement du Québec (cdpq.com), a global investment group. For more information: ivanhoecambridge.com.