CP Group Secures Nearly 50,000 SF in Office Real Estate Leases at Houston's 5POP Tower

CP Group announced nearly 50,000 square feet of new leasing activity at 5POP, the 28-story, 566,773-square-foot Class A office tower located at 4400 Post Oak Parkway in Houston's Galleria/Uptown district. The leasing activity follows the completion of CP Group's capital improvements program at the office real estate property.

Xceed Office Leads Leasing Momentum

Xceed Office, a provider of executive office suites, leads the leasing momentum at 5POP. The firm signed a 22,450-square-foot, full-floor lease for the buildout of its flagship Houston office as part of its relocation from Katy, Texas. Edward Edson and Jordan Trout of Colliers represented the tenant in the transaction.

"Xceed Office was designed for companies that expect more from their workspace," said Mustafa Ali, CEO of Xceed Office. "5POP provides the scale, quality, and location needed to deliver a best-in-class executive office experience in Houston's most dynamic business district."

Additional Office Real Estate Transactions

The deals underscore continued demand for high-quality, amenity-rich workplaces that offer flexibility, particularly in one of Houston's most connected locations, just steps from the Galleria and minutes from River Oaks and the West Loop's premier dining, retail real estate, and greenspace. The other recent transactions include three new leases and two renewals:

Hanwha USA, an energy and industrial company, signed a new 7,521-square-foot lease. The tenant was represented by David Guion, Albert Spiers, and Christopher Oliver of Cushman & Wakefield.

Eagle LNG, a liquefied natural gas company, signed a new 5,494-square-foot lease. The tenant was represented by Matt Trozzo and Harrison Yang of JLL.

Arnie & Company, PC, a CPA firm, signed a new 3,408-square-foot lease. The tenant was represented by Candace Baggett of The Calibre Group.

Robert W. Baird & Co., a global financial services firm, renewed its 7,797-square-foot lease. The tenant was represented by David Bale of JLL.

Pinchal & Company, a professional services firm, renewed its 2,933-square-foot lease. The tenant was represented by Weldon Martin of Stream Realty Partners.

The landlord was represented by Brian Anderson, Evelyn Ward, and Avery McGahee of Transwestern Real Estate Services in all deals.

Market Context and Capital Improvements

The transactions reflect a broader market trend of tenants prioritizing move-in-ready, updated office environments as quality workspace becomes increasingly limited across the submarket. All the leases, aside from Xceed Office's full-floor buildout, were for newly constructed move-in-ready spec suites as part of CP Group's 'worCPlaces' flexible workspaces offering, designed for companies seeking customizable office environments for evolving teams.

CP Group acquired 5POP in 2021 alongside Rialto Capital and completed a $12 million renovation program that included upgrades to a fitness center, conference facilities, 5 Cup Café, and connectivity to Post Oak Park. The property, built in 1982, represents CP Group's first Houston real estate acquisition since 2014.

Founded in 1986, CP Group is a Sunbelt-focused owner-operator with offices in Atlanta, Boca Raton, Dallas, Denver, Jacksonville, Miami, and Washington, D.C. The firm's portfolio exceeds 170 properties and 64 million square feet, valued over $8 billion.

Sources

CP Group: https://cpgcre.com/news/cp-group-announces-nearly-50000-sf-of-new-leasing-at-5pop-in-houston/