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Engineering Firm Re-Ups at Enclave

HOUSTON—Houston has been the Lloyds Register US headquarters for 20 years, and the firm is highly invested in continuing to support the economy and community, says its CFO James Pinder.

By Lisa Brown | lisabrown | | Updated on August 05, 2016
Enclave Lloyd’s Register renews its lease at 1330 Enclave for three more years (photo courtesy of mapio.net).
HOUSTON— Lloyd’s Register , the London-based company, recommitted to its US headquarters city of Houston with an early lease renewal at 1330 Enclave. Transwestern has been selected to advise Lloyd’s Register in the optimization of its real estate portfolio in North America. “The company engaged us to take a critical look at its global real estate footprint and identify cost savings opportunities, assist in lease negotiations and optimize existing leased space,” said Transwestern’s Margaret Ann Cook , vice president. Cook and Justin Leighton , executive managing director, are the lead advisors for Lloyd’s Register, an engineering, technical and business services organization. Cook tells GlobeSt.com: “Current market conditions presented an opportunity for Lloyd’s Register.  We are looking at their real estate footprint here in Houston and across the Americas to ensure they achieve the greatest value possible.” In addition to the 86,892-square-foot, three-year lease renewal in Houston, Transwestern has assisted Lloyd’s Register in transactions in Iselin, NJ; Metarie, LA; and Halifax and Dartmouth, N.S. As part of the comprehensive portfolio review, the team also is working on deals in Lafayette, LA; Plantation, FL and Lima, Peru. “Houston has been our US headquarters for 20 years, and we are highly invested in continuing to support the economy and community,” said Lloyd’s Register Americas CFO James Pinder . “The guidance Transwestern has provided will allow us to achieve greater efficiencies in our real estate portfolio so that we can continue capitalizing on the talented workforce of markets like Houston.”  

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