January 12, 2015

BriarLake Plaza's Leasing Spree

Two BriarLake Plaza (333k SF) just welcomed its first occupants last month. But it's not adding a lot of vacancy to the campus--with solid pre-leasing and a flurry of leases in the last two months, the complex only has 107k SF available.

DTZ executive managing director John Pruitt and SVP Jessica Ochoa (DTZ's acquisition of Cassidy Turley closed on Jan. 5) tell us they've signed 81k SF in BriarLake since November. Samsung moved from One BriarLake to anchor Two BriarLake (it pre-leased half) in December. But DTZ immediately backfilled the space and brought the first tower up to 100% occupancy—Sikich LLP inked 9k SF in November, and Zurich American Insurance expanded to 32k SF this month. Pictured, John and Jessica with TIER REIT asset manager Kmeal Winters (left), whose firm owns BriarLake Plaza.

Meanwhile, Two BriarLake is 68% leased, thanks to a 27k SF lease to Noble Americas in November (it's an expansion for Noble, which occupies space in One BriarLake) and Chiyoda International taking down 12k SF this month. Jessica says BriarLake Plaza was already known as one of Westchase's most prestigious Class-A buildings, but the amenities added in 2014 (conference and fitness centers, multiple food services, free visitor parking and EZ tag garage access system), made it even more ideal for today's tenants.

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