The Regus Group Completes Lease Agreement to Locate a Business Center in the New CITYCENTRE Development in the Heart of West Houston
The 25,000 square foot business center will be Regus’ sixth in the Houston market
DALLAS – November 15, 2007 – The Regus Group (LSE: RGU), the world’s largest provider of fully furnished and equipped offices with 950 locations in 70 countries, today announced that it has signed a lease agreement to open a new center in the CITYCENTRE development in Houston.
The spacious new center will feature 109 offices, 194 workstations, one board room, one videoconferencing studio, and one meeting room. CB Richard Ellis represented Regus in the transaction and the landlord for the project is Midway CC Venture I, L.P., who was represented by Colvill Office Properties.
The 25,325 square foot center will be located on the third floor of 800 Town & Country Boulevard in the new CITYCENTRE. This mixed-used development will be home to more than 400,000 square feet of retail, 425,000 square feet of Class A office space and a 140,000 square foot Lifetime Athletic facility. Located in the Memorial area in the heart of West Houston, CITYCENTRE will include a 245-room Valencia Hotel, 250 urban lofts, 375 upscale multi-family apartments, 40-luxury brownstones and 22 condos on top of the hotel. Regus’ new center will be conveniently located at the intersection of Interstate 10 and Beltway 8.
“We continue to expand our footprint in the Houston area, with CITYCENTRE being our sixth location in the city,” said Michael Berretta, Vice President of Business Development for Regus. “Upon completion, CITYCENTRE will be one of Houston’s premier destination addresses, so we’re delighted to locate our new business center here and provide our clients with the opportunity to office in one of the most affluent areas in the country.”
“Our new CITYCENTRE location will be a perfect complement to our Westchase center, which continues to operate at capacity. The completion of this transaction is in direct response to the increased demand we continue to experience in this submarket,” added Berretta.
“We are excited about the future of Regus and the new CITYCENTRE development,” said Jay Cliburn with CB Richard Ellis. “Houston’s strong economy and job growth proves to be a winning combination for both landlord and tenant in this transaction.”
Regus provides an alternative office solution within CITYCENTRE and when combined with the many amenities of CITYCENTRE, it will provide an unparalleled work place option for companies and professionals.” said Jonathan Brinsden, Executive Vice President for Midway Companies.
Regus offers its clients a number of benefits including: the freedom to grow, downsize, or expand their business to another geographic location with minimal disruption; simple, onepage contracts; one, fixed monthly price, that includes everything they need to run their business; state-of-the-art IT; and a global network of more than 950 locations that allow members unlimited access to Regus business lounges worldwide.
Every day Regus provides more than 200,000 clients worldwide with flexible and costeffective workplace options to meet their specific needs. Whether using a fully furnished office, a virtual office that provides clients with a local business address, meeting rooms or videoconferencing facilities, businesses working with Regus are able to establish an immediate presence at prime business center locations such as CITYCENTRE.
About The Regus Group
The Regus Group is the world’s leading provider of pioneering workplace solutions, with products and services ranging from fully equipped offices to professional meeting rooms, business lounges and the largest network of videoconferencing studios. The Regus Group delivers a new way to work, whether it’s from home, on the road or from an office.
Clients such as Google, GlaxoSmithKline, IBM, Nokia and Accenture join thousands of growing small and medium businesses that benefit from outsourcing their office and workplace needs to The Regus Group, allowing them to focus on their core business.
Over 200,000 clients a day benefit from Regus Group facilities spread across a global footprint of 950 locations in 400 cities and 70 countries, which allows individuals and companies to work wherever, however and whenever they want to.
For more information, visit www.regus.com.
