Triten Real Estate Partners Selects JLL to Lease Creative Office Space in Recently Announced M.K.T. Adaptive Reuse Project

11/28/18

Houston-based Triten Real Estate Partners has selected JLL to lease 100,000 square feet of creative office space in its recently announced Heights adaptive reuse project, M.K.T.

Located at the southeast corner of N. Shepherd Drive and the Heights Hike and Bike Trail in Houston’s Heights neighborhood, the project will convert five dock-high industrial buildings into a new urban district that will include 100,000 square feet of office space and 100,000 square feet of curated retail. M.K.T. will provide an infusion of creative office space for which there is growing demand but little available inventory in Houston.

“Houston lags both coasts with respect to creative office offerings,” said JLL’s Russell Hodges, who along with Bubba Harkins will lease the office component on behalf of Triten Real Estate Partners. “There is significant demand for this product type starting to come from traditional office users as companies seek to differentiate themselves through real estate to compete for top talent.”

The office component will provide customizable spaces ranging from 2,000 to 40,000 square feet and will cater to more open-concept users. Certain tenant spaces will allow for the addition of skylights, private restrooms within the space, and the possibility for private outdoor terraces along the Heights Hike and Bike trail. The buildings’ original use as warehouse space will give tenants the flexibility to incorporate aspects of the original design into their office space. For instance, 24-foot ceiling heights leave room for interior loft or mezzanine spaces that are typically not feasible in traditional office buildings.

M.K.T. is expected to attract technology, arts, media and professional services office tenants that align with the independent, eclectic spirit of the Heights. The project is expected to be ready for occupancy the first quarter of 2020.

Triten Real Estate Partners is developing the high-end mixed-use destination in partnership with Houston-based Radom Capital and Boston-based Long Wharf Capital.

“With every project you need to let your plans be informed by the legacy of the neighborhood and what it needs today,” said Scott Arnoldy, founder and managing principal at Triten Real Estate Partners. “We plan to weave features of the existing buildings into the modern structures and use the history of the neighborhood to develop a hallmark lifestyle destination for the community. The finished product will be a cultural and community amenity that will grow, evolve and improve with the neighborhood for years to come.”

Paying homage to the site’s history, the project is named M.K.T. after the Missouri-Kansas-Texas railroad that originally ran through the Heights. Today its path is the heavily traveled Heights Hike and Bike Trail, which serves as the northern border of the project.

Catering to pedestrians and cyclists, the project will have 1,700 feet of frontage on the Heights Hike and Bike trail, which sees more than 12,000 users a month. The project will include an urban boardwalk along the path with a series of terraces, patios and outdoor dining, open lawns for yoga and games, a hammock grove, and art installations.

One block south of the project the White Oak Bayou Greenway Trail winds from 34th Street and T.C. Jester Blvd. to the northern edge of downtown, where it connects to miles of other trails.

Austin-based Michael Hsu Office of Architecture and Houston-based Method Architecture are providing design services on the project. SWA Group is the landscape architect on the project.

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About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000 as of September 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com