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Out-of-town bank looks to double office space

Joe Martin  

Mutual of Omaha has outgrown its Houston office space at 520 Post Oak Blvd. and plans to seek out something twice as large to lease in 2017.

The Omaha, Nebraska-based commercial bank currently has 6,000 square feet at its current lending office. Ideally, it would move into space between 10,000 and 12,000 square feet, according to Mike Turner, Mutual of Omaha Houston region president and CEO.

Mutual of Omaha has around 32 employees and 15 in its commercial lending team. It plans to add another couple of commercial lenders, as well as an analyst and business banker. The goal is to be have $1 billion in assets in the Houston market over the next couple of years, Turner added.

Mutual of Omaha came into Houston in 2009 with a River Oaks office, followed by one in the Texas Medical Center and another in the Galleria area.

Mutual of Omaha has focused primarily on energy lending, real estate and health care. The bank, backed by the same-named insurance company, is also growing in the life science sector, Turner added.

Joe Martin covers technology, money and law for the Houston Business Journal. Follow him on Twitter for more.

 

Houston Site Acquisitions provides commercial property leasing search and Houston Tenant Representation   Houston commercial real estate brokerage service for Houston Office Space, Houston Industrial Space, Houston Retail Space, Houston Call Center Space , Houston Restaurant Space, and all Houston Commercial Real Estate requirements in the entire Greater Houston, Texas area. We also assist companies with expanding their operation (rollouts)  by providing Houston Site Acquisitions for all Houston Commercial real estate  leases in securing sites for their operations in Houston, Texas. Tenant Representation. Leasing. Brokerage. Houston Office Space. Houston Sublease Space. Houston Commercial Real Estate.

6 replies
  1. HOUSTON SITE ACQUISITIONS
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    Houston Office Report – Spring 2019
    Published by: Commercial Property Executive-JUN 11 2019 By Timea-Erika Papp
    With 18,600 office jobs added from March 2018 to February 2019, the local market continues its steady recovery, underpinned by strong market fundamentals, diversification and consistent demand for space.
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  2. HOUSTON SITE ACQUISITIONS
    HOUSTON SITE ACQUISITIONS says:

    Published by: Houston Business Journal By Jeff Jeffrey – Reporter, Houston Business Journal
    Jun 17, 2019, 7:30am EDT
    Two Energy Corridor office buildings sell to Houston-based firm
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    Jun 24, 2019, 03:40pm
    How The Gig Economy Is Shaping The Commercial Real Estate Sector
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    HOUSTON SITE ACQUISITIONS says:

    Office Asking Rents Notch Up While Sales Still Lag
    By Erika Morphy | July 01, 2019 at 07:38 AM

    https://www.globest.com/2019/07/01/office-asking-rents-notch-up-while-sales-still-lag/

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  5. HOUSTON SITE ACQUISITIONS
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    Published by: Houston Chronicle, R.A. Schuetz July 2, 2019 .
    https://www.houstonchronicle.com/business/real-estate/article/Houston-s-office-market-may-not-have-hit-rock-14068116.php

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