Aug 28, 2013
PM REALTY GROUP SECURES SIGNIFICANT LEASE AT JACOBS PLAZA, WEST HOUSTON'S NEWEST OFFICE DEVELOPMENT
HOUSTON, TX - PM Realty Group (PMRG), a nationally recognized, full-service commercial real estate firm, today announced that it has secured a new lease for 81,818 square feet with Jacobs at Jacobs Plaza located at 12140 Wickchester Lane. Jacobs Plaza will be the Energy Corridor's newest office development located at 12140 Wickchester Lane, in the West Houston Energy Corridor at Woodbranch and I-10 between Kirkwood and Dairy Ashford.
Owned by Netherlands-based Stena Realty Group, the company also owns Woodbranch Plaza I and II, Jacobs Plaza represents Houston's newest Class A office development project and will consist of 164,680 square feet with an accompanying garage. Designed by Kirksey, the new office development will be LEED Silver Certified. Future plans for Jacobs Plaza, located in a beautiful park like setting, include a fourth building, encompassing 165,000 square feet plus an additional accompanying garage.
Jacobs, one of the world's largest and most diverse providers of technical, professional, and construction services, secured nearly half of the availability within Woodbranch Plaza III, for a total of 81,818 square feet of office space. Wade Bowlin, Executive Vice President and Managing Director of PMRG's Central Division, and Randi Smith, Vice President of Leasing, represented Stena Realty in the transaction and Eric Olofson, Lou Cushman and Courtney Walker from Cushman & Wakefield represented Jacobs Engineering Group.
"We are more than pleased with the demand in West Houston," said Bowlin. "Jacobs Plaza is a unique development that offers a campus-feel with the convenience of being right off I-10. Additionally, we're delighted with the views this development possesses and look forward to starting Woodbranch Plaza IV shortly."
PMRG is serving as development partner for Jacobs Plaza, as well as handling leasing and property management.
PMRG merged operations with Madison Marquette in June 2018 to create a new leader in commercial real estate. The firm offers PMRG’s leasing, property management, investment management and development services, combined with Madison Marquette’s specialized development, investment and marketing expertise. Madison Marquette’s strength in retail and mixed-use assets joins PMRG’s office, medical, industrial and multi-family capabilities to provide national leadership across asset classes. PMRG’s dominance in the southern US combines with Madison Marquette’s presence in primary gateway markets on both coasts to serve the top institutional owners and investors in the industry. The company provides leasing and management services to a diverse portfolio of 330 assets in 24 states and manages an investment portfolio valued at over $6 billion. The combined company is headquartered in Washington, DC with a major presence in Houston, TX. With 600 professionals in 12 regional markets, the merged firm is a member of the Capital Guidance group of companies.