January 27, 2017
Houston – Transwestern today announces it has leased 41,000 square feet to Vantiv LLC, a Cincinnati-based credit card processing company, at Reserve at Greens Crossing located at 11410 Greens Crossing in the North Houston District. Transwestern’s Michelle Wogan and Monte Calvert are leasing the property and negotiated the deal on behalf of the ownership, a joint venture between Miami-based Banyan Street Capital and funds managed by Oaktree Capital Management.
The Vantiv lease brings the occupancy of Reserve at Greens Crossing up to 75 percent from 50 percent. Vantiv was represented by David Guion with Cushman & Wakefield.
“We have seen an increase of activity with call center tenants in the market looking for unique opportunities such as these to accommodate an above-average parking ratio,” said Wogan. “This park is a perfect location for tenants such as these since most of the product is conducive to high-density tenants and all the utilities are buried in the park.”
Reserve at Greens Crossing is a 158,435-square-foot campus located within a deed-restricted campus surrounded by a park-like setting. The property provides easy access to both Beltway 8 and Interstate 45 and is in proximity to numerous restaurants and George Bush Intercontinental Airport. Currently, the property has just over 41,000 square feet of space remaining available for lease.
ABOUT BANYAN STREET CAPITAL
Banyan Street Capital is a leading private real estate investment firm with the expertise and resources to deliver effective solutions for today’s commercial real estate market. As a premier owner and operator of office buildings throughout the Eastern United States, Banyan Street helps investors and partners implement strategies that add market value and deliver high risk-adjusted returns. The firm’s principals have been involved in the acquisition of over $3 billion of real estate assets and have successfully executed disposition strategies including the sale of operating businesses and real estate portfolios in excess of $1 billion to publicly-traded REITs.
Oaktree is a leader among global investment managers specializing in alternative investments, with $98 billion in assets under management as of June 30, 2016. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 900 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.
Transwestern is a privately held real estate firm of collaborative entrepreneurs who deliver a higher level of personalized service – the Transwestern Experience. Specializing in Agency Leasing, Management, Tenant Advisory, Capital Markets, Research and Sustainability services, our fully integrated global enterprise adds value for investors, owners and occupiers of all commercial property types. We leverage market insights and operational expertise from members of the Transwestern family of companies specializing in development, real estate investment management and research. Based in Houston, Transwestern has 34 U.S. offices and assists clients through more than 180 offices in 37 countries as part of a strategic alliance with BNP Paribas Real Estate. Experience Extraordinary at transwestern.com and @Transwestern. For updates from the Houston office follow @TranswesternHOU.