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PRESS RELEASE: 50,000-Square-Foot Mixed-Use Development Coming To Houston’s Museum District In Fourth Quarter: Transwestern to Lease Class A Project Consisting of Retail, Medical and Office Space

HOUSTON, TX – Transwestern’s Houston headquarters today announced it has been awarded the leasing assignment for a 50,000-square-foot, mixed-use development. The Class A project is located at 1801 Binz in the Museum District and is scheduled for completion in the fourth quarter of 2013. The development will contain a mix of high-end retail, medical and office space. Currently, 1801 Binz is 60 percent preleased, leaving approximately 20,000 square feet of available office and medical space on the third and fourth floors.

Nelson Udstuen, vice president of healthcare advisory services, will lead Transwestern’s leasing team on behalf of the property owner, Balcor Commercial LLC. Christopher Balat, principal, will represent building ownership on the project.

“Upon completion, 1801 Binz will be one of Houston’s finest boutique developments, combining multiple unique food concepts with first-class office space,” said Udstuen. “Its proximity to the Texas Medical Center with immediate access to Main Street and Highway 288 creates the ideal environment for medical and office tenants seeking a premier location in one of Houston’s most sought after submarkets.

Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, development, research and sustainability. The fully integrated enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. Transwestern facilitates better decision-making for clients by combining penetrating local market intelligence and macro-market research through its affiliate, Delta Associates. Transwestern has 33 U.S. offices and assists clients through more than 180 offices in 36 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit and follow us on Twitter: @Transwestern. Follow Transwestern’s Houston office on Twitter: @TranswesternHOU.

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