HOUSTON--(BUSINESS WIRE)--CP Group, a vertically integrated commercial real estate owner-operator throughout the Sunbelt, today announced four new leasing agreements, totaling 88,027 square feet, at 5POP — a 28-story, 566,773-square-foot Class A office building located at 4400 Post Oak Parkway in Uptown Houston.
The agreements include two new tenants and two renewals/expansions.
- Thompson, Coe, Cousins & Irons, LLP, a Houston-based litigation firm, signed a new 61,875-square-foot lease for three full floors within the building.
- Thrivent, a financial advisory firm, signed a new 3,248-square-foot lease in one of the newly completed spec suites as part of CP Group’s worCPlaces flexible workplace offering. Josh LaRocca of Avison Young represented the tenant in lease negotiations.
- Capital Star Oil and Gas, Inc., a Houston-based upstream oil and gas company, renewed and expanded its lease for 7,124 square feet. Matt Trozzo of JLL represented the tenant.
- Hightower Holding, a financial advisory firm, extended its 15,780-square-foot lease. The tenant was represented by Benjamin Cooper of CBIZ Gibraltar and Anthony Fritsche of Fritsche Anderson.
“We are pleased that Thompson Coe and Thrivent have chosen 5POP as their new home in Houston,” said Angelo Bianco, Managing Partner of CP Group. “Our ongoing renovations, which include new amenities such as a café and full-service restaurant, have elevated 5POP as a premier office tower that can attract tenants like Thompson Coe and Thrivent who are looking to move their teams into engaging and creative workplaces.”
The office tower will soon complete a $12+ million renovation, including a complete reimagining of the building’s exterior entrances, upgrades to the two-story lobbies on either side of the building, the addition of an on-site lobby café and concierge desk for the building’s on-site Tenant Services Coordinator. Additionally, CP Group has plans to open a high-end, chef-driven restaurant.
5POP is exclusively leased by Transwestern Real Estate Services, which spearheaded all leasing agreements on behalf of ownership.
“5POP is a stand-out among office buildings in the West Loop,” said Transwestern Senior Vice President Evelyn Ward. “Between the extensive renovations nearly complete and strong ownership, Thompson Coe could easily envision themselves in this enhanced space with their growing practice.”
CP Group and Rialto Capital acquired the building, formerly known as 5 Post Oak Park, in 2021 to reimagine the 1982 property into a unique office destination. This included implementing worCPlaces by CP Group, a flexible workplace program that includes the spec suite service offered at the 5POP location. Each suite features fully customizable, flexible work environments, company branding on suite entry, hybrid meeting spaces/flex office for growth in place, dedicated break and copy/storage in-suite, and furnishings available upon request.
The tower features premier amenities, including a multi-use conferencing facility, a high-performance fitness center, on-site security, and premiere access to Uptown’s best offerings. Once the renovations are complete, the building will boast an upscale dining experience, a Grab-N-Go Coffee Bar, a reimagined lobby, and enhanced garage wayfinding.
About CP Group
Active in the commercial real estate business for over 35 years, CP Group has established a reputation as a premier owner, operator, and developer of office and mixed-use projects throughout the Southeast and Southwest United States. Since 1986, CP Group has acquired and managed over 165 properties, totaling over 56 million square feet, valued at nearly $8 billion. It is currently Florida’s largest and Atlanta’s second-largest office landlord and ranks 25th largest in the United States. Headquartered in Boca Raton, Florida, the firm has a corporate office in Atlanta and regional offices in Denver, Miami, Jacksonville, Dallas, and Washington DC. To learn more about the company, visit CPGcre.com.
About Rialto Capital
Rialto Capital is a fully integrated real estate investment management, asset management, and operating company. Rialto Capital was formed in 2007 and since its founding, has participated in the investment of billions of dollars of equity in real estate assets. The company invests and manages assets throughout the capital structure in real estate properties, loans, and securities. For more information, please visit www.rialtocapital.com.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners, and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. Through an integrated, customized approach that begins with good ideas, the firm drives value for clients across commercial real estate services, development, investment management, and opportunistic endeavors for high-net-worth investors. Operating from 33 U.S. offices, Transwestern extends its platform capabilities globally through strategic alliance partners whose unique geographic, cultural, and business expertise fuels creative solutions. Learn more at transwestern.com and @Transwestern.
