Cadence Bank has signed a long-term, 82,215-square-foot lease at Park Towers at 1333 W. Loop S. in Houston’s Uptown submarket. Transwestern Real Estate Services brokered the deal on behalf of the landlord, Regent Properties, with CBRE representing Cadence.
Transwestern managing director Doug Little, executive vice president David Baker, vice president Kelli Gault and associate Jack Scharnberg provided agency leasing services on behalf of Regent Properties. CBRE’s Weldon Martin and Jon Lee represented the tenant.
“Our focus at Regent Properties and specifically at Park Towers is always on delivering the best-in-class amenities coupled with a tenant experience that employees value,” said Matthew Benbassat, chief operating officer at Regent Properties. “When a tenant as prominent as Cadence Bank recognizes our commitment and selects our project, we can’t think of any greater compliment we can receive as an operator of first-class campuses.”
Park Towers is a Class A, 545,242-square-foot office property comprised of two 272,621-square-foot buildings with 18 stories. The space boasts two high-performance fitness facilities, tech-savvy conference center, in-building dining, tenant lounge with state-of-the-art golf simulator, bike storage and Amazon Lockers. Additionally, a drive-through coffee destination is being developed with a nationally recognized provider. The location is abundant with walkable amenities at the nearby Uptown Park shopping center and has excellent proximity and a paved walkway to Memorial Park. Economic value, location and building signage and visibility attributed greatly to the tenant’s decision to lease the space.
The tenant’s holding company, Cadence Bancorporation, will also be relocating their headquarters to occupy the new space at Park Towers.
“Our strategic decision to move to Park Towers offers us enhanced efficiencies, more opportunities for collaboration, greater visibility and cost savings,” said Paul B. Murphy Jr., chairman and CEO of Cadence Bancorporation. “With this move, we’ll embrace a more dynamic and agile office, giving our associates more flexibility in how they work and fostering teamwork with more collaborative spaces, both formal and informal. The new space will be much more reflective of our culture at Cadence.”
