HOUSTON – PROS Holdings, a Houston-based cloud software company, has signed a lease for 118,000 square feet in the new Kirby Collection tower, a 13-story office building developed by Thor Equities on Kirby Drive.
With this agreement, PROS has leased the remaining available office space in the Kirby Collection, a 186,000-square-foot building located at 3200 Kirby. The property sits on the west side of Kirby Drive, one block north of Richmond Avenue, and includes the former Settegast-Kopf funeral home site.
“We are pleased to announce the successful completion of office leasing at Kirby Collection,” said Joseph Sitt, chairman of Thor Equities Group, the New York-based developer behind the project.
The lease was negotiated for PROS by Angus Hughes of Cushman & Wakefield. CBRE’s Steve Rocher and Adam Lavinsky represented Thor Equities in the transaction. PROS currently maintains headquarters at 3100 Main Street in Midtown.
Other office tenants in the Kirby Collection building include Hancock Whitney Bank, Novum Energy Trading, Lukoil, The Alexander Group, and the offices of Regency Centers.
Thor’s Kirby Collection development also includes a 25-story residential tower totaling 385,000 square feet, offering 199 rental apartments branded as The Residences at Kirby Collection.
Kirby Collection features two levels of retail space totaling approximately 65,000 square feet. Retail and dining tenants include the entertainment and dining venue Pinstripes, upscale restaurant and lounge Dakota, apparel boutique A Ma Maniére, Atelier Isabelle Rose, and the contemporary Indian restaurant Verandah.
The PROS lease ranks among the largest Houston office transactions of the year. Despite this notable deal, JLL’s Bubba Hawkins noted at a recent JLL event that 2018 was still expected to finish with negative office absorption in the market.
Thor Equities’ portfolio includes retail, office, and residential properties such as Fifth Avenue holdings in New York, as well as assets in Miami, Boston, Chicago, San Francisco, Canada, Europe, Mexico, and other markets.
