Newmark : Energy Company JERA Americas Chooses 1000 Main in Houston as Site for Growing Organization

Jan. 26, 2022 10:00 AM
JERA Americas has signed a lease for 29,675 square feet of office space at 1000 Main in Houston, Texas. Newmark represented JERA Americas in the lease transaction. JERA Americas is an energy company focused on developing zero and lower emission energy resources around the United States and globally and helping the transition to a clean energy future.

In December, the company relocated from a 11,000-square-foot space on two floors in the Galleria to nearly 30,000 square feet on one floor downtown. JERA Americas is located in a temporary space on the 29th floor of 1000 Main until the offices on the 31st floor are built out and ready for occupancy in early summer.

"We plan to be a leader in renewable energy and zero CO2 emission electricity and are accelerating and expanding our efforts to decarbonize the energy sector," said Steven Winn, Chief Executive Officer of JERA Americas. "Moving to the central business district to a space that allows us to interact with each other on a single floor will help catalyze our company growth and ensure we are able to build the nimble and open culture that will support our goals."

Some recent announcements made by JERA Americas in pursuit of their clean energy vision include acquiring the soon to be constructed 300 MW El Sauz Wind Project as well plans to blend hydrogen at two natural gas plants in the northeastern US. In September, JERA Americas also took an ownership interest in Hydrogenious LOHC Technologies, a company focused on providing safe hydrogen storage and transportation solutions to help spur the growth of hydrogen as a zero carbon fuel to reduce carbon emissions at fossil fuel plants.

Newmark Managing Director Joshua Brown, Associate Director Mike Fehn, and Associate Director Scott Lewis represented JERA Americas in the lease transaction. The landlord, Union Investment, was represented by Wade Bowlin and Marti Grizzle of Madison Marquette. According to Newmark Research, JERA Americas' relocation from the Galleria to the downtown submarket represents the largest relocation out of a suburban submarket into downtown Houston in 2021.

"JERA Americas was attracted to the benefits, energy and culture of the CBD-being connected and in the heart of Houston-as well as the amenities associated with Class A office space," said Brown. "JERA Americas' new space will help them be well-positioned and centrally located to tap into the talent pool in Houston and surrounding areas."

Located in the heart of Houston's Central Business District, 1000 Main is a LEED-Platinum certified, 36-story, 837,161-square-foot Class A office building. The building features two entrances to the city's climate-controlled tunnel system-the Main and Travis Rotundas-spanning 95 city blocks. Building amenities include a Gensler-designed 12,500 square-foot tenant-exclusive amenity center equipped with wi-fi, a barista-style coffee station, a state-of-the-art conference center and separate gaming area. Additional onsite amenities include a fitness center and training studio complete with automated classes and spa-style locker rooms, as well as on-site parking, covered motor court, and access to two stations at Houston's METRORail servicing right outside the building.

About JERA Americas
A subsidiary of Tokyo-based JERA that produces about 30% of all electricity in Japan, JERA Americas is supporting an energy transition in an environmentally and socially responsible manner. JERA, which stands for Japanese Energy for a New Era, has been working to achieve net zero CO2 emissions from its domestic and overseas businesses by 2050 and is contributing to the development of a sustainable society. https://www.jera.co.jp/english/. For more information contact [e-mail].

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries ("Newmark"), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark's comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform's global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues in excess of $2.5 billion for the trailing twelve months ending September 30, 2021. Newmark's company-owned offices, together with its business partners, operate from over 160 offices with approximately 6,200 professionals around the world. To learn more, visit nmrk.com or follow @newmark.

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