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May 30, 2024

CP Group Inks Lease with Leading Restaurauteur for 15,000-SF Elevated Dining Concept at 5POP in Houston, TX

CP Group, a prominent owner-operator of office properties throughout the Sunbelt, today announced it has signed an agreement with restaurateur Mack McDonald to debut his new Mack Allen’s concept in a 15,858-square-foot restaurant space at 5POP — CP Group’s 28-story, 566,773-square-foot Class A office building located adjacent to River Oaks, Houston’s most affluent and influential neighborhood. The restaurant is expected to open in 2025.

 

Mr. McDonald owns the celebrated The Rouxpour restaurants and is one of metro Houston’s leading restaurant owners. The restaurant will sit adjacent to a lavishly landscaped private park and will boast a bakery/to-go section in addition to 4,000 square feet of private dining space to accommodate meetings and events. This will be Mack Allen’s second planned location, with the first currently under construction in The Woodlands, also set to open in 2025.

 

“We are very excited to introduce Mack Allen’s to the River Oaks, Uptown neighborhoods. We will feature a large variety of unique char-grilled oyster recipes, a wide selection of fresh Gulf seafood, premium steaks, a lively bar highlighted by a city-leader selection of whiskeys, and private dining capable of hosting parties as large as 75 people. I am confident that Mack Allen’s will be well received by its neighbors,” McDonald said.

 

Mack McDonald was exclusively represented by restaurant real estate broker David Littwitz with Littwitz Investments, Inc. CP Group was represented by Crystal Allen with Transwestern Real Estate Services.

 

After acquiring the building in 2021, CP Group and Rialto Capital launched a $12 million capital improvements program at the property to reimagine the 1982 skyscraper into a unique office destination for Houston’s corporate employers.

 

Recently completed, the extensive renovations included premier upgrades to the lobbies and common areas; a new arrival experience and parking garage wayfinding; the addition of an on-site grab-n-go coffee bar by Blackwater Roasting called 5CUP Café; a concierge desk for the building’s on-site Tenant Services Coordinator; and the construction of a full floor of seven flexible spec suites as part of CP Group’s worCPlaces program — four of which have been leased in the past six months alone.

 

The completion of these upgrades and the addition of Mack Allen’s restaurant follow strong office leasing momentum. Since acquiring the building, CP Group has leased up eight full floors and executed nearly 300,000 square feet of leasing agreements. Standout deals include its 60,000-square-foot lease to national CPA and advisory firm Weaver in 2021 and a 61,000-square-foot, three-floor lease with Houston litigation firm Thompson Coe in 2023.

 

Most recently, global financial firm UBS, which has occupied space at 5POP since 1995, extended its 55,000-square-foot lease for an additional 10 years. Eric Anderson and Evelyn Ward of Transwestern Real Estate Services served as the exclusive leasing agents for 5POP.

 

Located inside the West Loop I-610, adjacent to River Oaks, and just across from Uptown Houston, other premier amenities at 5POP office tower include a multi-use conferencing facility, a high-performance fitness center, on-site security, and unmatched access to Uptown’s dining and lifestyle amenities as well as neighboring River Oaks and Tanglewood.