One Eldridge. Picture courtesy of Granite Properties
Granite Properties has secured a tenant trying to relocate its headquarters to the One Eldridge workplace tower in Houston. Diamond Offshore Drilling Inc. signed a lease for 3 flooring totaling 62,584 sq. toes inside the 12-story constructing.
JLL’s Lonna Jenks and Transwestern’s Eric Anderson represented Diamond Offshore, whereas Granite was represented in-house by Jon Dutton and Andrew Elliott.
The offshore drilling contracting firm might be taking on the ninth, eleventh and twelfth flooring of One Eldridge to ascertain its new headquarters. Diamond Offshore is planning to relocate its present headquarters from 15415 Katy Freeway to Granite Properties’ workplace constructing within the fourth quarter of 2023, bringing alongside roughly 160 staff.
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The LEED Gold-certified One Eldridge tower totals 245,315 sq. toes and is situated at 777 N. Eldridge Parkway in Houston’s Vitality Hall. The workplace constructing has close by entry to I-10, Memorial Drive, North Eldridge Parkway and is situated close to the town’s many restaurant and retail choices.
One Eldridge is likely one of the three workplace buildings that make up the Eldridge workplace advanced. Granite acquired the 824,632-square-foot Eldridge campus in 2019 from TIER REIT. Since then, Granite up to date the property with wellness options, together with an air filtration system, hands-free entry doorways and touchless fixtures within the restrooms. Now, Eldridge incorporates a greeting desk, espresso bar, cafe, health heart and out of doors workspaces as frequent facilities. Following these upgrades, Granite earned new leases on the workplace advanced, together with Fluor Corp., which signed a full-building lease at Three Eldridge final month.
Creating in Texas and past
Apart from Eldridge, Granite Properties has developed a number of comparable workplace initiatives within the Houston space and all through Texas. Within the Dallas-Fort Price metro, the developer topped out Granite Place II at Southlake City Sq. in Southlake, Texas, in September, delivering the property within the first quarter of 2023. The workplace constructing was the second part of the Granite Place challenge. The primary part, Granite Place I, is already totally occupied. In Dallas, Granite Properties partnered with Highwoods Properties to amass a 557,000-square-foot mixed-use property for practically $400 million in December.
Exterior Texas, Granite Properties’ portfolio contains workplaces in Atlanta, Boston, Dallas, Denver, Nashville, Tenn., and Southern California. The developer additionally partnered with MetLife Funding Administration to finish the Midtown Union three-tower growth in September.
