Twin Eagle Resource Management is an independent natural gas and power marketing company focused on customer relations, logistics and asset management. The strength of their business is based upon strong physical operations and intelligent risk management.
Our client, Twin Eagle is a start up company with significant space challenges due to their business model which perpetuates rapid growth over the next 10 year period. This aggressive growth strategy required our client to secure quality space in an efficient, user friendly building with long-term options conducive to sustained growth. This growth model initially required a minimum of 25,000 square feet of office space for their Houston headquarters, with the opportunity to grow to approximately 50,000 square feet. Due to the size of their current and future requirements, Twin Eagle had very limited product to select from within their target location, the Northwest Houston submarket.
Our strategy was to secure space consistent with the firm's business plan and aggressive growth strategy while minimizing occupancy costs and maximizing operational efficiency.
After touring the market, we identified NewQuest Office Park, a 200,000 square foot multi-tenant office campus located directly off the Sam Houston Tollway and West Road as the optimum location for operational efficiency and sustained growth.
We negotiated a 10 year lease that provided Twin Eagle with a 50,201 square foot, two-story office building the landlord, NewQuest Properties is constructing specifically for them. The building's floor plates are approximately 25,000 square feet, allowing Twin Eagle the flexibility to sublet an entire floor to another tenant until such time when they are ready to occupy the entire building. In addition to managing the site selection and lease negotiations, Colliers is currently managing the building construction process. Close administration and analyses of the process has been essential in keeping this project on schedule and under budget.
"Your intimate awareness of the lease document and the many nuances that comprise a deal of this magnitude enabled us to negotiate a below market rate in addition to extreme flexibility when dealing with our complicated growth path." GRIFF JONES TWIN EAGLE RESOURCE GROUP