Business
The RMR Group Announces Execution of Renewal Lease for 97,295 Square Feet at 10451 Clay Road in Houston, TX
NEWTON, Mass.--(BUSINESS WIRE)-- The RMR Group Inc. (Nasdaq: RMR) today announced that TGS-NOPEC Geophysical Company recently renewed its full-building lease
About this update from The Rmr Group Inc.
[{"type":"text","content":" NEWTON, Mass.--(BUSINESS WIRE)--\nThe RMR Group Inc. (Nasdaq: RMR) today announced that TGS-NOPEC Geophysical Company recently renewed its full-building lease of 97,295 square feet at 10451 Clay Road in Houston, Texas.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200224005265/en/\n\nThe ENERGY STAR-rated property is a three-story, Class A office building located approximately 17 miles northwest of Houston’s central business district. Conveniently situated near numerous dining, retail and hotel options, 10451 Clay Road is in close proximity to the Sam Houston Parkway, which offers commuters access to Interstate 10 and Highway 290.\n\n\nThe property is owned by Office Properties Income Trust (Nasdaq: OPI) and managed by The RMR Group. The RMR Group is responsible for providing all aspects of management services and strategy for more than 1,400 properties with over 97 million square feet of commercial office, industrial, medical office, life science and retail space.\n\n\nOPI was represented by Doug Little, Senior Managing Director and Louann Pereira, Senior Vice President of Transwestern. TGS-NOPEC Geophysical Company was represented by Jon Silberman, Managing Partner of NAI Partners.\n\n\nAbout The RMR Group Inc.\n\n\nThe RMR Group Inc. is a holding company and substantially all of its business is conducted by its majority owned operating subsidiary, The RMR Group LLC. The RMR Group LLC is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate related operating companies. As of December 31, 2019, The RMR Group LLC had $32.2 billion of total assets under management, including more than 2,100 properties, and employed approximately 600 real estate professionals in more than 30 offices throughout the United States; the companies managed by The RMR Group LLC collectively had nearly 50,000 employees. The RMR Group Inc. is headquartered in Newton, Massachusetts.\n\n\nAbout Office Properties Income Trust\n\n\nOffice Properties Income Trust is a real estate investment trust, or REIT, focused on owning, operating and leasing properties primarily leased to single tenants and those with high credit quality characteristics like government entities. OPI is managed by the operating subsidiary of The RMR Group I...