Rendering of the M-K-T development in The Heights.
HOUSTON (Realty News Report) – XCL Resources, LLC, an oil and gas company, is relocating its headquarters to The Heights.
XCL has signed a lease for 16,328 square feet of office space at M-K-T, a redevelopment of a former industrial property into a mixed-use campus.
The M-K-T development is being built by a joint venture of Triten Real Estate Partners, Radom Capital, LLC and Long Wharf Capital.
“XCL is a modern, technology-driven energy company with a best-in-class local management team, and we are honored that they have selected M-K-T as the future home for their growing business,” said Steve Radom, managing principal at Radom Capital. “The XCL team will add daytime vibrancy to our project and will enjoy a variety of walkable amenities including onsite dining, health, and fitness options.”
M-K-T is midway through its conversion from a cluster of industrial buildings into a creative mixed-use destination featuring distinctive office, retail, restaurant, and health and fitness spaces. The pedestrian-oriented site is bordered by the scenic White Oak Bayou and the Heights Hike and Bike Trail, and it is within easy walking distance of neighborhood destinations such as the Heights Mercantile retail center.
XCL Resources, currently based in the Montrose area, will complete the move in the fall of 2020.
“XCL Resources was focused on finding non-traditional office space that balanced productivity and collaboration while encouraging a healthy lifestyle,” said XCL Chief Executive Officer Gray Lisenby. “With access to local trails, restaurants and convenient commuting routes, M-K-T is a natural fit for us, and we’re excited to make the move later this year.”
NAI Partners’ Griff Bandy represented XCL Resources in the lease negotiations. JLL’s Russell Hodges, Bubba Harkins and Jenny Mueller represented the landlord.
M-K-T will offer office tenants modern, flexible spaces with 10- to 20-foot exposed ceilings that allow for the addition of internal stairways and mezzanine levels. Other design features include stained concrete floors, exposed beams, private outdoor terraces, and large windows and skylights that bring abundant natural light into the workspaces.
“XCL perfectly embodies the next generation of energy companies in Houston,” said Scott Arnoldy, managing partner of Triten Real Estate Partners.
Tenants and visitors at M-K-T will have access to a broad selection of lifestyle amenities, including roughly 30 restaurants, retail outlets and health and fitness services. Tenants previously announced for the project include Miller Grossbard Advisors, Mendocino Farms, Burdlife, and Honeychild’s Sweet Creams.
XCL Resources, LLC is a private oil and gas company focused on the acquisition, exploration and development of assets across North America.
