Firm for Downtown Space: GreenStreet Signs Energy

In Houston, AES Corporation, a Fortune 500 global energy company, is opening a 12,500-SF office at GreenStreet, a multi-use development covering several blocks in downtown Houston.

Located at 1201 Polk Street, GreenStreet’s campus includes430,000 SF of collaborative office space and broadcast studios in Houston’s Central Business District.

GreenStreet is owned by Lionstone Investments in a joint venture with institutional investors and Houston-based Midway.

“We are thrilled to bring AES and its wealth of knowledge in the clean energy sector to the Energy Capital of the World via GreenStreet,” said Chris Seckinger, Vice President, Investment & Development at Midway. “This new addition to the tower demonstrates GreenStreet’s ongoing commitment to sustainability and aims to continue the trend of giving innovative companies a place to feel at home in Texas.”

AES will open their offices this spring, ”bringing expertise in delivering greener, smarter energy solutions to Houston.”

GreenStreet, covering four blocks near the intersection of Fannin and Lamar, stretching east from Main Street, has multiple restaurants and entertainment and fitness facilities.

The AES lease is a positive sign for the downtown Houston office market.

The downtown office market has a vacancy rate of 27.6 percent, as stated by a first quarter 2022 report from Avison Young. The firm reported downtown had negative absorption of 134,813 SF in the first quarter.