M-K-T mixed-use development adds award-winning Houston digital marketing firm to growing list of tenants
Decode Digital to relocate to The Heights; project’s office portion now over 50% leased
HOUSTON, August 3, 2020 – JLL announced today the signing of a new 13,006-square-foot office lease with Houston-based advertising agency Decode at the M-K-T mixed used development in The Heights. The award-winning firm will relocate from their current office location at 3815 Montrose Boulevard. The mixed-use development is a joint venture of Triten Real Estate Partners, Radom Capital, LLC and Long Wharf Capital.
“We are ecstatic to announce that Decode, the acclaimed hometown digital marketing firm, has selected M-K-T as its future home,” said Scott Arnoldy, Managing Partner, Triten Real Estate Partners. “Decode represents the next generation of Houston businesses; a prestigious advertising company with national recognition and a commitment to maintaining exceptional company culture. The pursuit of excellence starts with CEO and founder Kathleen Perley and pervades throughout the company. We can’t wait for Decode to be a part of the fabric of the Heights community at M-K-T.”
With the addition of Decode, the office portion of M-K-T is now 50% leased.
“M-K-T continues to see a disproportionate share of office demand due to the many unique attributes of this exciting offering,” said Russell Hodges, Managing Director, JLL. “The activity is a clear indicator of more office users really putting their people first; leveraging their real estate by providing more desirable experiences to their employees on a daily basis. The M-K-T is about lifestyle, and companies like Decode immediately recognize this as an environment where innovation and productivity will thrive.”
JLL’s Hodges, Bubba Harkins, and Jenny Mueller are leasing M-K-T’s office space on behalf of the joint venture. Joe Rambin with Cushman & Wakefield represented Decode Digital in the lease negotiation.
“As an advertising agency who lives, eats and breathes wellness, it was very important that we find a space that allowed us to work together in an environment that embodied our wellness values,” said Kathleen Perley, Founder and CEO, Decode. “M-K-T was the perfect spot with access to the Heights Hike & Bike Trail, healthy restaurants and outdoor lounge areas. We also believe this new unique space will allow us to recruit top talent from NYC, L.A. and Chicago and put Houston on the map as an ad town.”
Additionally, the development’s inaugural tenant, Miller Grossbard Advisors (MGA), recently completed their office buildout and moved into their new space earlier this month. Additional office tenants are expected to take occupancy over Q3, with retailers and additional office tenants anticipated during Q4 2020 and Q1 2021.
MGA’s space, along with the remaining office availability in the project, offers unique modern structures with 10- to 24-foot exposed ceilings that provide the ability to install custom internal mezzanine spaces. M-K-T’s single-story office offerings provide tenants and visitors easy walk-up access and includes features such as private outdoor spaces, large windows and skylights that deliver an abundance of natural light and operable glass overhead doors that bring a fresh, indoor/outdoor feel to the space.
Other announced M-K-T tenants include: Miller Grossbard Advisors, Smart Vault, XCL Resources, Anjouil’s, Burdlife, Pedego Electric Bikes, Da Gama Canteen, Mendocino Farms, Heights Icehouse, Elite Meals, Homestead Kitchen & Bar, Honeychild’s Sweet Cream, Treadwell, Huemn, and Union Studio Yoga.
The largest contiguous block of space remaining is 60,000-square-feet in Building 5, offering one of the most unique blocks of space in the city.
For more information, visit TheMKT.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $18.0 billion, operations in over 80 countries and a global workforce of more than 94,000 as of March 31, 2020. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.