Commercial real estate news releases from Avison Young
Quarterly and topical research insights to help your business gain competitive edge in commercial real estate.
Avison Young negotiates 50,380-sf Class A office lease at Woodbranch Plaza III in Houston
23 avril 2024Houston, TX – Avison Young announces today the negotiation of a long-term, 50,380-square-foot (sf) office lease at 12140 Wickchester Lane in Houston on behalf of the landlord. The tenant, Rimkus Consulting Group, Inc. (Rimkus) is a worldwide leader in engineering and technical consulting and operates from more than 110 offices around the globe providing services to corporations, insurance companies, law firms, and government agencies. The 171,487-sf building, formerly known as Woodbranch Plaza III has been renamed to Rimkus Plaza.
The landlord, Stena Realty Group, was represented by Avison Young Principal Wade Bowlin and Senior Associate Marti Grizzle who are based in the firm’s Houston office. Rimkus was represented by Anthony Fritsche and David Anderson of Fritsche Anderson Realty Partners.
“We are excited that Rimkus has committed to this building long-term,” said Bowlin. “This lease is a testament to the continuing diversification of the Energy Corridor as a submarket for all types of businesses.”
"On behalf of the Rimkus Board of Directors, I am pleased to announce our long-term commitment to Rimkus Plaza. Our presence signifies the growth of Rimkus and underscores the Energy Corridor’s appeal to the business community. We are excited about making a positive impact on the area," said Jonathan Higgins, President and Chief Executive Officer, Rimkus.
Built in 2015, the seven-story Rimkus Plaza is LEED Certified Silver and features a fitness center, conference center, and on-site café. The building is 92% occupied and is part of Woodbranch Plaza, a four-building office complex totaling 550,558 sf in the Energy Corridor.
Avison Young creates real economic, social and environmental value as a global real estate advisor, powered by people. As a private company, our clients collaborate with an empowered partner who is invested in their success. Our integrated talent realizes the full potential of real estate by using global intelligence platforms that provide clients with insights and advantage. Together, we can create healthy, productive workplaces for employees, cities that are centers for prosperity for their citizens, and built spaces and places that create a net benefit to the economy, the environment and the community.
Avison Young is a 2023 winner of the Canada's Best Managed Companies Platinum Club designation, having retained its Best Managed designation for 12 consecutive years.
Media contact:
- Darcie Giacchetto, Media Relations & Content Specialist - Southwest: +1.949.278.6224