Savills Studley Secures Lease for Indigo Resources Inc and M5 Midstream LLC at JPMorgan Chase Tower
22 February 2017
Savills Studley, the leading commercial real estate firm specializing in tenant representation, is pleased to announce the completion of a 67,710-square-foot lease extension and expansion for Indigo Resources Inc and M5 Midstream LLC at the JPMorgan Chase Tower. The lease was finalized at the close of 2016 and the tenant will move into the newly renovated space at the end of first quarter 2017.
“This is a trophy space for a distinguished company,” noted Savills Studley Executive Vice President and Co-Branch Manager Mark Russell, who represented the client in this transaction. “Following cooperative negotiations with this sophisticated ownership group we were able to leverage and improve our client’s position in the marketplace. The continued growth of this marque tenant within the Chase Tower is a win for both the energy sector and downtown.”
Indigo Resources Inc and M5 Midstream LLC share common management. Indigo Resources Inc acquires and develops operated oil and gas properties, primarily in North Louisiana. M5 Midstream LLC focuses on the development of high quality greenfield midstream projects that meet the emerging needs of Indigo and of third-party customers.
“This transaction will expand Indigo and M5’s Downtown Houston footprint and facilitate recruitment and retention of top talent within both companies,” said Bill Pritchard, Executive Chairman of Indigo Resources Inc. “To secure these long-term objectives under favorable lease terms and without leaving our current address is a major success.”
JPMorgan Chase Tower is a 75-story Class A building in the heart of Downtown Houston. Located at 600 Travis Street, the building’s amenities include a fitness center, building concierge, 24-hour security, auditorium and conference rooms, a private Sky Lobby and multiple onsite dining options. The tower stands above a 15,000-square-foot pedestrian plaza featuring the distinct “Personage and Birds” sculpture by Joan Miró. Colvill Office Properties represented the landlord in this transaction. Hines professionally manages the building.
