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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.

Need Space? We Can Help. Pro-bono service provided to the American Red Cross 2 years in a row during flooding disasters. | Houston Site Acquisitions

We provided pro bono commercial real estate service to The American Red Cross with identifying and securing a distribution center warehouse space for the purpose of distributing supplies to the victims located in shelters located throughout the city of Houston. We were successful in securing a 30,600 RSF distribution center space for their use completely rent free. The landlord of this property agreed to donate the use of the facility. This in addition to identifying other strategic locations around the city which had office space and retail space available for lease to register victims for aid. This marked the 2nd year in a row that Houston Site Acquisitions assisted The American Red Cross during deadly flooding disasters in Houston and as needed on a state level extending out to San Antonio and eventually identifying a suitable facility in New Braunfels. During these experiences we realized that Houston has some of the kindest and most caring people that you could hope to find in any city. If you agree that it is extremely difficult to get a landlord to negotiate favorable terms or lower rental rates during a lease negotiation for a new lease or during the renegotiation of a lease, then you probably can also appreciate how difficult it is to be able to get a landlord to provide space free of charge as we were able to do. Trust me when I say that many landlords have no interest in providing free commercial space and our search was citywide. With that being said,I guarantee you have nothing to loose by using Houston Site Acquisitions tenant representation to negotiate your next lease or in renegotiating your lease with your landlords agent. You should know your options and we offer free location service to corporate tenants requiring Houston office space, industrial space, or retail space. If we can’t negotiate more favorable terms then we will walk away. For assistance call us at 713-789-8700 or Submit a Request on Line 24-7.

 

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.