Top car dealer takes 45K sf lease at Moody Rambin development

One of the country’s top car dealers is setting up shop in west Houston.

Group 1 Automotive leased 45,000 square feet at 730 Town and Country Boulevard, according to filings with the state. The Fortune 300 dealer will build out office space on the fifth and sixth floors, work that is expected to cost $7.25 million, the filing states. That’s about $160 per square foot.

Work, which includes “general demolition,” building office space and constructing a showcase stairway between the floors, is scheduled to begin in May and run through October.

The office will be a part of Moody Rambin’s eight-story, 167,000-square-foot Town Centre Two. It sits within the company’s 41-acre mixed-use development in West Houston, Town and Country Village. The development is just south of Midway’s CityCentre.

Town Centre Two broke ground in 2022, around the same time Greystar signed on to lease 68,000 square feet. The Charleston, South Carolina-based rental developer and manager downsized in the move, only planning to use 34,000 square feet while subleasing the rest, leaving open the possibility for expansion, according to the Houston Chronicle.

For the complete article, please go to:
https://therealdeal.com/texas/houston/2024/04/22/top-car-dealer-snags-45k-sf-at-moody-rambin-office-development/