[HOUSTON, TEXAS] – Moody Rambin is proud to announce that Group 1 Automotive, a leader in the automotive retail industry, has signed a long-term, ±45,330-square-foot office lease covering two full floors at Town Centre Two. Bob Cromwell and Kevin Nolan of Moody Rambin represented the landlord in the transaction, bringing Moody Rambin’s total signed leasing volume for this office development to ±113,325 square feet.
The 167,141 square-foot, LEED Certified, Class A transformational development located at Town and Country Village is scheduled for completion in Q4 2023 and is currently 68% leased. Town and Country Village is a 41-acre mixed-use development owned and managed by Moody Rambin.
“We’re excited to welcome Group 1 Automotive to our prestigious tenant roster,” said Bob Cromwell, Moody Rambin’s Managing Director. “The building’s continued leasing momentum is a testament to the high demand for high-quality, conveniently-located and collaborative office space in Houston. The building’s distinctive architectural design, extensive amenity program and bustling location in Houston’s most vibrant live, work, play neighborhood provides an unrivaled offering. These features have made the building a popular choice for high-performing companies, and the leasing momentum is expected to continue. If you are looking for a high-quality, conveniently located and collaborative office space in Houston, this building is a great option.”
Group 1 Automotive is one of the largest automotive retailers in the world, with over $15 billion in annual revenue. The company has a strong track record of growth and profitability, and it is well-positioned for continued success in the future. Andrew Iversen, Joshua Brown and Audrey Selber of Newmark represented Group 1 Automotive in the transaction.
ABOUT MOODY RAMBIN
Established in 1969, Moody Rambin is Houston’s largest locally owned, full-service commercial real estate brokerage and management firm. Moody Rambin specializes in providing project leasing, tenant representation, disposition, development, investment sales, construction, consulting, and asset management services to owners and tenants throughout the Texas region and the United States.