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Major Office Lease Signed in Kirby Collection

Joseph Sitt

HOUSTON – (Realty News Report) – PROS Holdings, a Houston-based software cloud company, leased 118,000 SF in the new Kirby Collection tower, a 13-story building developed by Thor Equities Group on Kirby Drive.

PROS leased all of the remaining office space in the Kirby Collection, a 186,000-SF tower at 3200 Kirby. The site is on the west side of Kirby Drive, a block north of Richmond Avenue and includes the site of the former Settegast-Kopf funeral home.

“We are excited to announce the successful completion of office leasing at Kirby Collection,” said Joseph Sitt, chairman of Thor Equities Group, a New York-based firm.

Angus Hughes of Cushman & Wakefield represented the PROS in the lease. CBRE’s Steve Rocher and Adam Lavinsky of Thor Equities represented Thor Equities. PROS is currently headquartered at 3100 Main Street in Midtown.

Other office tenants in the Kirby Collection building include Hancock Whitney Bank, Novum Energy Trading, Lukoil, The Alexander Group, and the offices of the Regency Centers shopping center company.

Thor’s project also includes a 25-story, 385,000-SF residential tower with 199 rental apartments, called The Residences at Kirby Collection.

Kirby Collection features two levels of retail space totaling 65,000 SF.  Tenants include dining and entertainment venue Pinstripes, high-end restaurant and lounge Dakota, clothing boutique A Ma Maniére, Atelier Isabelle Rose, and the contemporary Indian restaurant Verandah.

The PROS lease is one of the most significant Houston office leases of the year, although 2018 is still expected to be a year of negative absorption, said JLL’s Bubba Hawkins, speaking at a JLL event last week.

Thor has retail (including Fifth Avenue), office and residential properties in New York, in addition to holdings in Miami, Boston, Chicago, San Francisco, Canada, Europe, Mexico and other locations.

Dec. 11, 2018 Realty News Report Copyright 2018

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