HOUSTON TECHNOLOGY CENTER ANNOUNCES THE OPENING OF ITS NEW
WEST HOUSTON TECHNOLOGY BUSINESS INCUBATOR AT REPUBLIC SQUARE

HOUSTON, TX – December 14, 2016 – Third Palm Capital is celebrating the arrival of a tech accelerator and incubator at Houston’s Republic Square, a 35-acre campus formerly occupied by ExxonMobil that is being transformed into a new business, leisure, intellectual and creative hub for the Energy Corridor District. Non-profit Houston Technology Center (HTC), the largest technology business incubator and accelerator in Texas, now has a key presence with Republic Square on Houston’s west side, joining its headquarters in Midtown and satellite offices at Johnson Space Center to the south of the city and at HARC in The Woodlands to the north.

The announcement is the culmination of extensive discussions, with Third Palm Capital initially contacting HTC in early 2016. The launch of HTC West adds an important dimension to the Republic Square community.

Focusing on energy technology innovation, HTC West will host its first Republic Square open house event on January 18, bringing together clients and professional advisors, plus individuals and small businesses looking to pitch their ideas. HTC West will serve as the nexus for new ideas, technological innovation and entrepreneurship in the West Houston area.

Working closely with entrepreneurs and startup companies, HTC provides in-depth strategic and tactical business guidance, fundraising advice, and connects them to opportunities, allies and capital. In addition to daily office hours and meetings by appointment, a variety of regularly scheduled programming and special events will be hosted at the Republic Square campus.

According to Randall Tuller, Executive Manager for Third Palm Capital, “We’re incredibly excited about the community that we are curating at Republic Square. From start-ups to established firms in all fields, the winners in this evolving marketplace will be those that adopt and drive innovation.”

Tuller emphasizes that this will escalate with HTC West in house and as 20,000-square feet of Workstyle – Boxer Property’s signature collaborative office space complemented by an array of amenities, including common area lounges, meeting spaces and enhanced Wi-Fi – opens in early 2017.

“We’re thrilled to bring Houston’s startup ecosystem west to Republic Square,” said Mike Mueller, Director of HTC West and a former, 29-year employee at the BP US headquarters, which is located immediately adjacent to the wooded campus with central lake. “With thousands of white collar workers laid off in this current oil and gas cycle – many living in close proximity to this site – we see tremendous potential with entrepreneurs in waiting.”

“Houston Technology Center is delighted to bring to Republic Square all the resources and the full suite of services available through HTC,” adds Walter Ulrich, President and CEO. “We have worked with entrepreneurs in energy, medicine and IT that have enjoyed over $2.8-billion in funding and financial transactions, and this special location in Houston’s Energy Corridor is ideal for creating new companies, driving job growth and changing the world for the better.”

Republic Square is located at 13501 Katy Freeway. For leasing information, including available floorplans, call 713.777.7368 or click here.

About Republic Square
Poised to serve as a new community gathering place and hub for flexible work space in Houston’s Energy Corridor, Republic Square is owned by Third Palm Capital. After purchasing the campus from ExxonMobil Corporation in late 2013, Third Palm then leased back the improved portion of the property to ExxonMobil through April 2015. Located just west of Eldridge Road at the western gateway to Terry Hershey Park, the wooded campus spans 35 acres with prime frontage along Memorial Drive and Interstate 10. Current amenities include a central lake, 20,000-square-foot meeting and event center, and Republic Square I, a 320,000-square-foot office building with commissary kitchen. Future plans call for hotel, office, multi-family and retail development.

About Houston Technology Center
Houston Technology Center is a non-profit organization that provides education, insight and access to capital that entrepreneurs need to move toward the path of commercialization. As a 501(c)(3), HTC assists Houston-based entrepreneurs within several key sectors: energy, information technology, life sciences, nanotechnology, and NASA/aerospace. For more information, visit houstontech.org.

About Third Palm Capital
Third Palm Capital, the owner and developer of Republic Square, is a national real estate investment and development firm that relies on our guiding principles to deliver our customers and tenants the highest quality residential, commercial and resort properties. Third Palm has over $750 million in assets and active investments in New York, California, Florida and Texas.

About Boxer Property
Boxer Property is celebrating 24 years as an innovative commercial real estate investment and management company that specializes in maximizing the value of under-utilized properties through aggressive leasing and hands-on management. Founded in 1992, Boxer Property is a private firm based in Houston with more than 18 million square feet of commercial real estate nationwide.