Houston-Based Venture-Backed Biotech Startup Solugen Relocating Headquarters to Phoenix Tower on Parkway’s Greenway Plaza Campus

HOUSTON, TX – April 13, 2022 – Parkway Property Investments, LLC (“Parkway”) today announced that Solugen, Inc. (“Solugen”), is relocating its Houston corporate headquarters to Greenway Plaza. The venture-backed biotech startup, which produces high-performance chemicals through the use of bio-based feedstock and metal catalyst technologies, signed a multi-year lease in Phoenix Tower. The property is one of eleven Class A buildings on the landmark, 52-acre mixed-use campus, which is strategically located between Downtown and Uptown. Buildout of the space is expected to be completed in the second quarter.

Solugen was represented by Nick Terry, Managing Partner of Rifle Real Estate. Parkway’s Senior Director of Leasing, JP Hutcheson, negotiated on behalf of Parkway.

Founded in 2016 with the goal of radically transforming the chemical industry, Solugen recently made headlines by raising $357-million through Series C funding.

According to Eric Siegrist, Parkway’s Managing Director of Leasing, “Innovative companies like Solugen are choosing to outsource the design-build process for office interiors to Parkway. With several floors of ‘Ready Right Away’ suites fully-deployed, we happily take on this process to reduce the time and energy expended by an incoming tenant, resulting in expedited occupancy.”

Greenway Plaza tenants and their guests enjoy onsite offerings which include a 150,000-square-foot Life Time Diamond Club fitness facility, a child care center, activated common spaces, curated programming, as well as an array of acclaimed food and beverage concepts, including Feges BBQ, Tony’s, Fusion Eats and Greenway Coffee.

About Solugen

In 2016, we set out to radically transform the chemicals industry. What started as a pledge to first, do no harm, became a promise to bring clean, sustainable chemistry to every industry and every aspect of modern life. In the years since, we’ve opened the world’s first carbon-negative molecule factory and made plans to build many more across the US; we’ve made scalable synthetic biology a reality, and now we’re bringing high performing, cost competitive, carbon-negative products to the whole world.

About Parkway

Parkway is a privately owned, full-service real estate investment firm led by a team with a strong track record of investing in high-growth markets across the U.S. and across economic cycles. Parkway owns, operates, and manages institutional quality commercial office assets throughout the Sunbelt region. In addition, Parkway identifies and structures acquisitions and provides best-in-class property and asset management, leasing, accounting, and construction management services. Parkway currently operates and/or provides accounting services for approximately 26.5 million square feet of high-quality office properties located in attractive submarkets in California, Texas, Georgia, Florida, and Virginia.