Equiem Expands Southwest Presence With 1 Million Sq Ft Stockdale Capital Partners Deal
Los Angeles-based real estate investment manager, Stockdale Capital Partners ("Stockdale"), has appointed market-leading commercial tenant experience technology firm, Equiem, to launch its app across a million sq ft of prime office space in Houston, TX and Scottsdale, AZ. The deal expands Equiem's presence in the Southwest to over two million sq ft in total.
In Houston, Equiem will be rolling out at 20 Greenway Plaza, a 433,132 sq ft, Class A office building located in the Greenway submarket of the city. The building is leased to a diverse tenant line-up, including Merrill Lynch, Sunnova Energy Corp, REALEC Technologies, Mitsubishi, and Koch. Equiem will also launch at Galleria Corporate Center, in the heart of downtown Scottsdale. Comprising 537,000 sq ft of Class A office space, tenants at the building include Yelp, Indeed, Square and Zillow.
Equiem will provide tenants at both sites with seamless access to a wide variety of new services, events and experiences, as well as connect them to all existing facilities, amenities and retail, all through one app. Tenants will be able to order food and retail, book spaces and facilities, submit building requests, and sign up to fitness classes, events and offers, all at the touch of a button, as well as enjoy many other features. With both 20 Greenway Plaza and Galleria Corporate Center set to undergo major redevelopment work over the course of 2020, the app will also be used to keep tenants up to date by creating an open two-way channel for communication about the works. The platform will be rolled-out at both sites mid-February following a series of launch events.
The new assets take Equiem's total footprint in the USA to over 13.5 million sq ft, with the appointment at 20 Greenway Plaza the firm's third building in Texas and second in Houston.
Worldwide, Equiem's technology is used by over 170,000 people occupying 60 million sq ft of commercial real estate, and serves more corporate tenants than any other provider. The firm launched the latest iteration of its platform, Equiem NEXT, last summer and has since added a range of new features for its clients. These include Deals, which allows vendors to offer redeemable promotions via the Equiem App; Bookings, a complete end-to-end platform for arranging and monetizing bookable services, events, classes and more; and an upgrade to Equiem's meeting space management platform.
Andrew Saba, Vice President, Asset Management at Stockdale, said:
"We are committed to providing all of our tenants with an outstanding workplace experience and bringing Equiem on board at both 20 Greenway Plaza and Galleria Corporate Center will allow us to deliver on that commitment. These two properties possess the physical attributes necessary to cater to modern office workplaces. Bringing Equiem aboard allows us to provide the technological and social touchpoints that will improve the client experience and improve the retention of our client base."