HOUSTON (Realty News Report) – XCL Resources, LLC , an oil and gas company, is moving its headquarters to The Heights.
XCL signed a lease for 16,328 square feet of office space at M-K-T – a redevelopment of an industrial property.
The M-K-T is a mixed-use development, which is under development by a joint venture of Triten Real Estate Partners, Radom Capital, LLC and Long Wharf Capital.
“XCL is a modern, technology-driven energy company with a best-in-class local management team, and we are honored that they have selected M-K-T as the future home for their growing business,” said Steve Radom, managing principal at Radom Capital. “The XCL team will add daytime vibrancy to our project and enjoy a variety of walkable amenities including onsite dining, health, and fitness options.”
M-K-T is roughly halfway through its transformation from a collection of industrial buildings into a creative mixed-use destination featuring unique office, retail, restaurant, and health and fitness options. The pedestrian-friendly development is bordered by the scenic White Oak Bayou and Heights Hike and Bike Trail and offers easy walkability to the adjacent neighborhood hot-spots like the Heights Mercantile retail center.
XCL Resources, currently located in the Montrose area, will relocate in the fall of 2020.
“XCL Resources was focused on finding non-traditional office space that balanced productivity and collaboration while encouraging a healthy lifestyle,” said XCL Chief Executive Officer Gray Lisenby. “With access to local trails, restaurants and easy commuting, M-K-T is a natural fit for us, and we’re excited to make the move later this year.”
NAI Partners’ Griff Bandy represented XCL Resources while JLL’s Russell Hodges, Bubba Harkins and Jenny Mueller represented the landlord.
M-K-T will offer office tenants modern structures with 10- to 20-foot exposed ceilings that provide the ability to install internal stairwells leading to mezzanine spaces. Other features include stained concrete floors, exposed beams, private outdoor spaces, and large windows and skylights that deliver an abundance of natural light.
“XCL perfectly embodies the next generation of energy companies in Houston,” said Scott Arnoldy, managing partner of Triten Real Estate Partners.
M-K-T tenants and guests will enjoy a wide array of lifestyle amenities including 30 restaurant, retail, and health and fitness options. Previously announced tenants include Miller Grossbard Advisors, Mendocino Farms, Burdlife, and Honeychild’s Sweet Creams.
XCL Resources, LLC is a private oil and gas company engaged in the acquisition, exploration and development of North America assets.