Co-developers and global real estate firms, Hines and Ivanhoé Cambridge, announced two tenants, Cushman & Wakefield and Sixth Street Partners, have signed leases totaling 12,300 square feet at Texas Tower, the new 47-story, one-million-square-foot, Class AA office tower in Downtown Houston.
Global real estate services firm Cushman & Wakefield will occupy 6,500 square-feet on the 40th floor of Texas Tower. With nearly 50 years in operations in the Houston market, this location will serve as the firm’s first downtown Houston outpost and will complement its existing office in the Galleria/Uptown area.
Sixth Street Partners, a global investment firm with $60 billion in assets under management, has leased 5,800 square feet on the 29th floor. The San Francisco-based private equity firm operates nine investment platforms across its growth investing, adjacencies, direct lending, fundamental public strategies, infrastructure, special situations, agriculture and par liquid credit businesses.
In response to significant leasing demand for move-in-ready, top-tier office space, plans are underway to build out an additional 40,000 square feet of spec suites at Texas Tower. Designed by Gensler, these fully furnished offices provide a turnkey solution for companies seeking magnetic, collaborative office environments. The new inventory of move-in-ready office suites will range in size from 4,600 to 12,000 square feet and are slated for completion in Q2 of 2023.
Texas Tower opened in December 2021 and features an active, hospitality-centric lobby, serviced flexible workspaces, expansive outdoor terraces and innovative common-areas. Designed by Pelli Clarke & Partners, and will achieve the highest designations for LEED, WiredScore and WELL certifications.
Sixth Street Partners was represented by Joe Rambin with Moody Rambin and Chad Beck with Cushman & Wakefield. Michael Anderson with Cushman & Wakefield represented Hines and Ivanhoé Cambridge, the building developers and owners.
Texas Tower recently welcomed Hines employees to the firm’s new 180,000-square-foot global headquarters joining Vinson and Elkins, McGuireWoods and DLA Piper law firms. Other signed tenants include Cheniere Energy, Inc., Chicago Title, Charter Title Company, Novak Druce and a trading company.
