Katherine Feser | Houston Chronicle
February 4, 2020
XCL Resources will relocate its headquarters to M-K-T in the Heights, a redevelopment project of Triten Real Estate Partners, Radom Capital and Long Wharf Capital on North Shepherd and 6th Street, this fall.
The company has leased 16,328 square feet of office space in the 200,000-square-foot mixed-use development, which is transforming a collection of industrial buildings into creative office, retail, restaurant and health and fitness space just north of White Oak Bayou. Other tenants announced include Miller Grossbard Advisors, Mendocino Farms, Burdlife and Honeychild’s Sweet Creams.
“XCL Resources was focused on finding non-traditional office space that balanced productivity and collaboration while encouraging a healthy lifestyle,” Chief Executive Gray Lisenby said in an announcement. “With access to local trails, restaurants and easy commuting, M-K-T is a natural fit for us, and we’re excited to make the move later this year.”
Currently headquartered at 3217 Montrose, XCL Resources is a privately-held company involved in the acquisition, exploration and development of assets in North America. The company is backed by EnCap Investments and Rice Investment Group.
Buildings in M-K-T will have 10- to 20-foot exposed ceilings, stained concrete floors, exposed beams, private outdoor spaces and large windows and skylights. Bounded by the White Oak Bayou and Heights Hike and Bike Trail, it is about halfway completed. The project will be equally split between office and retail space and is designed to accommodate about 30 retail tenants.
Griff Bandy of NAI Partners represented XCL Resources in the lease, while Russell Hodges, Bubba Harkins and Jenny Mueller of JLL represented the landlord.