Houston, Texas – August 29, 2024 – Park Realty, a Houston-based commercial real estate company focused on industrial and office real estate services, completed a 16,988 square-foot office lease with Drilling Tools International (NASDAQ: DTI), a global oilfield services company, at The Towers at Westchase located at 10370 Richmond Avenue in Houston, Texas.

Peyton Poynter with Park Realty represented the Tenant, Drilling Tools International (NASDAQ: DTI) and Brad Fricks, Matthew Seliger, and Parker Noble with Stream Realty represented the Landlord, Franklin Street Properties Corp, in the transaction.

Drilling Tools International is a global oilfield services company that designs, engineers, manufactures, and provides a differentiated, rental-focused offering of tools for use in onshore and offshore drilling operations and other cutting-edge solutions across the well life cycle.

10370 Richmond Avenue, known as Towers at Westchase I, is a 310,555 sf class A office building located in the Towers at Westchase office park. The building is owned by national operator Franklin Street Properties and managed by global real estate operator, Hines. The property is conveniently located near Beltway 8 and the Westpark Tollway, with superior visibility and access to top-tier amenities such as on-site dining, fitness facilities, and conferencing facilities.

This Disclaimer (“Disclaimer”) sets forth important information regarding the information, examples, guides, research, or any other type of information provided by Parceto LLC dba Park Realty (“Company”, “Park Realty”, “Park”, “us”, “we”, and “our”) on www.parkrea.com (“Website”).

This research paper is prepared by and is the property of Park Realty and is circulated for information and educational purposes only. The views expressed herein are solely those of Park, its officers, or employees (whichever the case may be) as of the date of this paper was published. Park may or may have financial interests in one or more positions which the research papers provided herein may discuss.

There is no consideration given to specific investment objectives, needs, tolerances, or situations of any of the recipients. Additionally, our Website, research, insights, opinions, and examples should not be relied upon as legal or financial advice and we do not provide legal or financial advice in any capacity. If you have any specific considerations, you should consult with the appropriate qualified professional for advice regarding your specific situation.

This information is not directed or intended for distribution to or for the use by any person or entity located in any jurisdiction where such distribution, publication, availability, or use would be contrary to applicable law or regulation, or which would subject Park to any registration or licensing requirements within such jurisdiction.

We do not endorse, guarantee, or warrant the accuracy, completeness, or usefulness of any information or services provided on our Website. We make no representation or warranty, express or implied, regarding the quality or suitability of any real estate properties or related services featured on our Website.

While we consider the information we receive from external sources to be reliable, we do not assume any responsibility for its accuracy. Park research utilizes data from public, private, and internal sources. Our sources include Bloomberg Finance L.P., World Economic Forum, US Department of Commerce, National Association of Realtors (NAR), Texas Association of Realtors (TAR), Houston Association of Realtors (HAR), Bureau of Labor & Statistics, Freddie Mac, CoreLogic, Inc., Chatham Financial, but may also include others not listed in this Disclaimer.

We are not liable for any damages or losses arising from the use of our Website or from any real estate properties or related services featured on our Website. This includes, but is not limited to, direct, indirect, incidental, consequential, or punitive damages or losses.

Our Website may contain links to third-party websites that are not owned or controlled by us. We are not responsible for the content, privacy policies, or practices of any third-party websites. We encourage you to read the terms and conditions and privacy policies of any third-party websites that you visit.

We may revise and update this Disclaimer from time to time and at any time in our sole discretion. All changes are effective immediately when we post them on our Website. Your continued use of our Website following the posting of revised Disclaimer means that you accept and agree to the changes.

If you have any questions or comments about this Disclaimer, please contact us at [email protected]

Other Articles For You

This Disclaimer (“Disclaimer”) sets forth important information regarding the information, examples, guides, research, or any other type of information provided by Parceto LLC dba Park Realty (“Company”, “Park Realty”, “Park”, “us”, “we”, and “our”) on www.parkrea.com (“Website”).

This research paper is prepared by and is the property of Park Realty and is circulated for information and educational purposes only. The views expressed herein are solely those of Park, its officers, or employees (whichever the case may be) as of the date of this paper was published. Park may or may have financial interests in one or more positions which the research papers provided herein may discuss.

There is no consideration given to specific investment objectives, needs, tolerances, or situations of any of the recipients. Additionally, our Website, research, insights, opinions, and examples should not be relied upon as legal or financial advice and we do not provide legal or financial advice in any capacity. If you have any specific considerations, you should consult with the appropriate qualified professional for advice regarding your specific situation.

This information is not directed or intended for distribution to or for the use by any person or entity located in any jurisdiction where such distribution, publication, availability, or use would be contrary to applicable law or regulation, or which would subject Park to any registration or licensing requirements within such jurisdiction.

We do not endorse, guarantee, or warrant the accuracy, completeness, or usefulness of any information or services provided on our Website. We make no representation or warranty, express or implied, regarding the quality or suitability of any real estate properties or related services featured on our Website.

While we consider the information we receive from external sources to be reliable, we do not assume any responsibility for its accuracy. Park research utilizes data from public, private, and internal sources. Our sources include Bloomberg Finance L.P., World Economic Forum, US Department of Commerce, National Association of Realtors (NAR), Texas Association of Realtors (TAR), Houston Association of Realtors (HAR), Bureau of Labor & Statistics, Freddie Mac, CoreLogic, Inc., Chatham Financial, but may also include others not listed in this Disclaimer.

We are not liable for any damages or losses arising from the use of our Website or from any real estate properties or related services featured on our Website. This includes, but is not limited to, direct, indirect, incidental, consequential, or punitive damages or losses.

Our Website may contain links to third-party websites that are not owned or controlled by us. We are not responsible for the content, privacy policies, or practices of any third-party websites. We encourage you to read the terms and conditions and privacy policies of any third-party websites that you visit.

We may revise and update this Disclaimer from time to time and at any time in our sole discretion. All changes are effective immediately when we post them on our Website. Your continued use of our Website following the posting of revised Disclaimer means that you accept and agree to the changes.

If you have any questions or comments about this Disclaimer, please contact us at [email protected]