Houston Business Journal | 05.24.2018
Several months after getting acquired by a Boston-based investment firm, Houston-based Lionstone Investments is moving into new, modern office space in downtown.
In September, Lionstone will relocate its headquarters to a building it owns in downtown Houston from the Washington Heights area. Lionstone will move into The Jones on Main at 712 Main from its current space at 100 Waugh near Buffalo Bayou Park. The company will move into a 22,145-square-foot space on two floors in the building that'll be connected via an internal stairwell, an Arch-Con Construction spokesperson told the Houston Business Journal. Arch-Con is the general contractor on Lionstone's new space.
Lionstone's new space will include a mix of open concept work spaces and glass-enclosed spaces, the spokesperson said, as well as exposed ceilings, HVAC and electrical systems. Houston-based Ziegler Cooper designed Lionstone's new space.
The company's relocation comes shortly after being acquired by Boston-based Columbia Threadneedle Investments. As part of the acquisition, Lionstone will remain based in Houston and keep its branding while under Columbia’s ownership. Columbia Management is a subsidiary of Ameriprise Financial Inc. (NYSE: AMP).
Lionstone manages about $6 billion in assets as of September 2017. The acquisition expanded Columbia Threadneedle’s business into U.S. real estate, complementing the firm’s $10.5 billion U.K. property business. Click here to read the HBJ's interview with Lionstone Investments' CEO following the acquisition.
Lionstone's move into The Jones on Main also comes as that property is in the midst of a massive renovation project. Lionstone and Houston-based Midway began renovating the property in April 2016; among other things, The Jones on Main gained a new food hall that'll open in mid-2018, a luxury menswear store in the building's first floor, renovated interiors and more.
New York-based WeWork, one of the largest co-working companies in the U.S., also recently opened its first Houston location in 708 Main, which is part of the two-building Jones on Main property.