NAI Partners relocating to new Galleria -area office tower.
NAI Partners will gain 40 percent more space and a more efficient layout when the commercial real estate firm relocates to Four Oaks Place near the Galleria this fall.
The new space, totaling 20,000 square feet on a full floor at 1360 Post Oak Blvd., is 6,000 square feet larger than its current headquarters a half a mile away at 1900 W. Loop South.
“It’s a very exciting time for our company and this move is a significant expansion and upgrade of our space, layout, AV equipment and many other factors,” Jon Silberman, managing partner of NAI Partners, said in a statement. “We are investing significantly in the buildout, furniture and fixtures, and the space is significantly more open, allowing for greater communication and camaraderie in the office.”
Dan Boyles, partner and head of the company’s office tenant rep group, led the negotiations for NAI Partners. Austin Ware, head of the firm’s project and construction management business, will spearhead the buildout of the new office.
NAI Partners employs 126 people in Houston, where it claims to be the fifthlargest commercial real estate firm based on the number of sales professionals. The firm also has offices in Austin and San Antonio.
The office was previously occupied by BHP, which relocated the bulk of its employees to a new tower in 2017 that connects by sky bridge. Morgan Relyea Colt of Cushman & Wakefield represented BHP in the sublease. Terms of the transaction were not disclosed.
BHP, which has been a tenant at Four Oaks Place for more than 25 years, has offered surplus space in both buildings for sublease. The Australian mining and energy company put multiple floors of sublease space on the market in its new tower as a result of selling its U.S. shale assets to BP last year.
In 2017, Houston-based Stewart Title signed up for 156,000 square feet of BHP sublease space at 1360 Post Oak. Blvd. for the relocation of its headquarters from nearby Post Oak Central. The Stewart Title name is outside the building, which was previously known as BHP Billiton Tower.
Houston office sublease space dropped to 6.9 million square feet in the second quarter, including about 1 million square feet in the Galleria area, according to CBRE. It peaked at more than 11.3 million square feet in 2016. Downtown had the most sublease space, with 1.6 million square feet on the market, followed by the Energy Corridor with 1.1 million square feet.
Four Oaks Place provides tenants with amenities such as a cafeteria, several restaurants, a fitness center and conference center. It is owned by the financial services group TIAA-CREF and Allianz Real Estate of America and managed by Transwestern. Interfin, a Houston real estate company founded by Giorgio Borlenghi, developed the complex, which was designed by architect Cesar Pelli.
Original buildings in the complex are 1300 Post Oak Blvd., 1330 Post Oak Blvd., 1360 Post Oak Blvd. and 1400 Post Oak Blvd., all built in the early 1980s.