Houston
Cousins Buys Houston’s Post Oak Central, Atlanta’s Terminus Properties
Atlanta-based real estate company Cousins Properties acquired Post Oak Central, a Class A office complex in the Galleria submarket of Houston, for $233 million from institutional investors advised by J.P. Morgan Asset Management. The company also bought the Terminus 100 and 200 towers in Atlanta’s Buckhead market.
Forum Energy Tech to Occupy 68% of New Duke Realty Building
Duke Realty Corporation’s Houston office found a tenant for Sam Houston Crossing Two, its new, speculative suburban office building. Forum Energy Technologies, Inc.—a provider of manufactured technologies and applied products for the energy industry—signed a 108,639-square-foot lease and will be occupying the second and third floors of the building.
Energy XXI Expands Footprint at One City Centre; Law Firm Moves In at BG Group Place
Oil and gas exploration and production company Energy XXI Services, LLC has decided to expand its presence on the Main Street Corridor. The company has signed a lease expansion for 28,168 square feet at One City Centre, bringing its total footprint at 128,133 square feet.
TCC, Principal to Develop New 456 KSF BTS in Houston
Leading independent energy company Noble Energy has hired the joint venture of Trammell Crow Co. and Principal Real Estate Investors to develop Noble Energy Center Two, a 456,000-square-foot office building located in Houston’s Northwest submarket.
Skanska’s LEED Platinum Office Building Lands First Tenant
Skanska USA’s commercial development business unit in Houston has officially announced the first tenant lined up for its a state-of-the-art 3009 Post Oak Boulevard building, currently under construction. Datacert, Inc.—a 15-year-old global company based in Houston that provides enterprise legal management solutions—plans on relocating its corporate headquarters to the building.
Trammell Crow, Principal Start Work on Class AA Energy Center Three
A joint venture between Trammell Crow Company and Principal Real Estate Investors embarked on a quest to deliver the highest quality office building in the Energy Corridor, Energy Center Three. The developers have just broken ground on the Class AA, 546,372-square-foot office building that is to be located on the southwest corner of I-10 and North Eldridge Parkway, on a 18.9-acre site acquired by the joint venture in March 2012.
Avison Young Buys Houston-Based Mason Partners
Canada’s largest independently owned commercial real estate services company, Avison Young, continues to expand its offerings with the acquisition of Mason Partners, a Houston-based commercial real estate brokerage company, for an undisclosed amount.
Shorenstein Buys Exxon Mobil Building; Hilton Westchase Also Gets New Owners
The downtown Exxon Mobil building recently traded hands, with San Francisco-based Shorenstein Properties now being its new owner. Shorenstein purchased the property for Shorenstein Realty Investors Ten, L.P., a fund formed in 2010 with $1.23 billion in committed capital. Along with the sale, former owner Exxon Mobil Corporation also leased back the entire building into 2015, when it plans to relocate to its new 385-acre corporate campus currently under construction north of Houston.
Clarion Nabs $296M Financing for M-F Office Portfolio
Clarion Partners will have some hefty payments to make in the new year, now that a $296 million financing package for a 10-building, 1.6 million-square-foot portfolio of Class A office buildings it owns has been completed.
One Hughes Landing Gets First Major Tenant, Construction Financing
One Hughes Landing, the first office building to be constructed at the Hughes Landing community that The Howard Hughes Corporation is planning for The Woodlands, now has a new major tenant, as well as construction financing. Layne Christensen Company has signed a 51,152-square-foot lease for the top two floors of the yet-to-be-completed One Hughes Landing.