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NRG Energy Leases 245,000 SF Office Space At 3 Houston Center In Downtown Houston

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LEASED
David Guion
Christopher Oliver
+ 5

Texas

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Office245,000 SF
Leased 10/04/2023
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Property Image
LEASED

NRG Energy Leases 245,000 SF Office Space At 3 Houston Center In Downtown Houston

1301 Mckinney Street

See Similar Deals
Office245,000 SF
Leased 10/04/2023
David Guion
Christopher Oliver
+ 5
Contact now

Summary

TEXAS
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:245,000 SF
Transaction Type:Lease

NRG Energy has signed a lease agreement to occupy approximately 245,000 square feet of office space at Brookfield Properties' newly renovated 3 Houston Center in downtown Houston. The company will be relocating from its current nearby headquarters. This move reflects the growing trend among companies to favor renovated office spaces post-pandemic in order to provide enhanced amenities and attract employees back to the office.

Summary of transaction details:

This lease agreement signifies NRG Energy's decision to not only secure space in a newly renovated office building but also to relocate its headquarters within Houston. The involvement of key individuals and companies, including Brian Kingston from Brookfield Properties and Mauricio Gutierrez from NRG Energy, highlights the significance of this leasing deal. The landlord's representatives from Transwestern, namely Doug Little, Kelli Gault, Jack Scharnberg, and Parker Burkett, played a crucial role in facilitating the transaction. Meanwhile, Cushman & Wakefield's representatives Chris Oliver, Trey Strake, and David Guion represented the interests of NRG Energy during the negotiation process.

Players

Doug Little
12 deals
BROKER

Jack Scharnberg
Transwestern
5 deals
BROKER

Kelli Gault
Transwestern
7 deals(713) 270-3349
BROKER

Parker Burkett
Transwestern
3 deals
BROKER

David Guion
Cushman & Wakefield
4 deals
BROKER

Christopher Oliver
Cushman & Wakefield
2 deals
BROKER

Trey Strake
Cushman & Wakefield
3 deals
BROKER

Brookfield Properties
BROKERAGE

Details

LEASED
IMAGE: Brian Kingston, Doug Little, Mauricio Gutierrez, Kelli Gault, Jack Scharnberg, Parker Burkett, Chris Oliver, Trey Strake & David Guion DATE: 10/04/2023 ADDRESS: 1301 McKinney Street MARKET: Houston ASSET TYPE: Office ~ SF: 245,000 LANDLORD: Brookfield Properties - Brian Kingston TENANT: NRG Energy (@NRGEnergy) - Mauricio Gutierrez LANDLORD'S REP: Doug Little, Kelli Gault (@KelliGault19), Jack Scharnberg (@Schnarzberg) & Parker Burkett (@PdBurkett) - Transwestern (@Transwestern) TENANT'S REP: Chris Oliver, Trey Strake & David Guion - Cushman & Wakefield (@CushWake) NOTE: NRG Energy will lease about 245,000 square feet at Brookfield Properties' newly renovated 3 Houston Center in downtown Houston, relocating from its current nearby headquarters. This move reflects the trend of companies favoring renovated office spaces post-pandemic to offer enhanced amenities and attract employees back to the office.

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Deal Type
Effective Rent (Annual)

$14,043,252.16

Total Lease Value

$140,432,521.57

Net Landlord Cash Flow$14,043,252.16