HOUSTON – Vantiv LLC, a Cincinnati-based credit card processing company has leased 41,000 SF of office space at Reserve at Greens Crossing in the Greenspoint area north of Houston.
Transwestern’s Michelle Wogan and Monte Calvert negotiated the lease for the ownership, a joint venture between Miami-based Banyan Street Capital and funds managed by Oaktree Capital Management.
The Vantiv lease brings the occupancy of Reserve at Greens Crossing up to 75 percent from 50 percent. Vantiv was represented by David Guion with Cushman & Wakefield.
The Greenspoint District, which was recently renamed the North Houston District, has suffered declining occupancy rates with the departure of ExxonMobil.
“We have seen an increase of activity with call center tenants in the market looking for unique opportunities such as these to accommodate an above-average parking ratio,” said Wogan. “This park is a perfect location for tenants such as these since most of the product is conducive to high-density tenants and all the utilities are buried in the park.”
Developed by Simmons Vedder in 2000, Reserve at Greens Crossing is a 158,435-SF campus located within a deed-restricted campus surrounded by a park-like setting. The property is near Beltway 8 and Interstate 45 and Bush Intercontinental Airport. Currently, the property has just over 41,000 square feet of space remaining available for lease.
Jan. 20, 2017 Realty News Report Copyright 2017