Energy Transfer Partners Fills Preston Center Office Building With Big Lease

Rendering of Bandera Ventures' new Preston Center office building.
Rendering of Bandera Ventures’ new Preston Center office building, 8111 Westchester.

Well that didn’t take long. Bandera Ventures, which recently began construction of a new 197,000-square-foot office building in Preston Center, has already filled it up.

According to local real estate sources, Chief Oil and Gas, a partner with Bandera in the development, has expanded its lease in the building to about 60,000 square feet. The remaining space, about 130,000 square feet, has been leased by Energy Transfer Partners.

Randy Cooper and Dan Harris of Cassidy Turley represented the new tenant in the deal.

Trevor Rees-Jones
Trevor Rees-Jones

Chief Oil and gas is led by founder and chairman Trevor Rees-Jones. Energy Transfer Partners, which currently occupies space at 3738 Oak Lawn Ave., is led by co-founder, chairman, and CEO Kelcy Warren.

The new office development at 8111 Westchester sits south of Sherry Lane between Douglas Avenue and Preston Road. Designed by BOKA Powell, it will feature six stories of office space above three levels of parking and is slated to be ready for occupancy in early 2015.

Sources involved in the transactions were either not immediately available or did not return calls seeking comment.