Real estate transactions: Energy advisory firm expands offices at Pennzoil Place

Opportune, a global energy consulting firm, signed a long-term, 62,535-square-foot expansion and renewal at Pennzoil Place at 711 Louisiana in downtown Houston. Opportune will take an additional 16,605 square feet to occupy floors 31 through 34 at the top of the South Tower. Tyler Garrett and Eric Anderson of Transwestern Real Estate Services represented the landlord, Chicago-based Metropolis Investment Holdings. Lucian Bukowski of CBRE represented Opportune, which has been a tenant in the building since its inception in 2005.

“While we will provide some flexibility in working remotely at times, we strongly believe working together in a collaborative office environment provides enhanced communication and more opportunities to develop our people,” Opportune Managing Partner David Baggett said in an announcement. “Our remodel and expansion will allow us to both better meet the needs of our clients and accommodate a convenient, safe and dynamic workspace for our employees.”

Clough USA signed a long-term lease for 23,523 square feet in Energy Tower at 11700 Katy Freeway in the Energy Corridor. Kevin Poynter of Poynter Commercial Properties Corp. represented the landlord, an affiliate of ATCAP Partners. Noah Kruger and Drew Morris of Savills represented the tenant.

Fort Worth-based PHP Capital Partners, has entered the Houston market with the purchase of Point West Business Park, a 145,915-square-foot property at 10161 Harwin in southwest Houston. The seller, Partners Capital, completed more than 25,000 square feet in new leases since acquiring the property in 2019. Cary Latham, Wyatt Huff and Josh Lass-Sughrue of NAI Partners represented the seller. The property represents PHP Capital’s fifth acquisition this year. The industrial real estate investment firm was founded by Pete Van Amburgh, Hunter Harrison and Paul Carr to capitalize on the rise in e-commerce and third-party logistics business since the pandemic.

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“We’ve put a big target on Houston as a primary market to expand into and we’re certainly on the hunt for more,” Van Amburgh said in a statement.

The Houston Food Bank leased 98,940 square feet at 8550 Market St. in east Houston from CenterPoint Propeties. Rob Stillwell and Greg Marconi of Newmark brokered the lease.

Zargon Acquisition leased 4,352 square feet in the Redstone Building at 109 N. Post Oak Lane. Bruce Fehn of Newmark represented the tenant.

Champion Supply Co., a distributor of hospitality supplies, renewed a lease at 9300-9344 South Point Drive near NRG Stadium. Jason Gibbons of Finial Group represented the tenant.

Sunbelt Merchant Group Consulting leased 4,001 square feet at 400 N. Sam Houston Parkway. Thomas Emde represented the landlord, Hartman Income REIT.

Alate Real Estate has acquired 1.25 acres at 1718 W. 26th St. from Yaggi & Yaggi. Glenn Dickerson of NewQuest Properties represented the buyer. Preston Yaggi of Lee & Associates represented the seller.

Hanley Investment Group Real Estate Advisors arranged the sales of eight single-tenant properties occupied by Louetta Automotive and Tire Service in the Houston area on behalf of Louetta Leasing. The properties were sold to different buyers for a combined value of $20.7 million. They consist of 16324 Mueschke, 11916 Barker Cypress, 17932 Huffmeister, 7625 FM 1960, 11930 Louetta, 8330 Cypresswood, 4019 FM 1463 and 632 N. Egret Bay Blvd. Louetta Automotive now operates as Sun Auto Tire & Service, backed by private equity firm Leonard Green & Partners.

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katherine.feser@chron.com

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