{"id":1004036522,"date":"2012-02-14T06:09:55","date_gmt":"2012-02-14T14:09:55","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004036522"},"modified":"2022-12-04T09:28:44","modified_gmt":"2022-12-04T17:28:44","slug":"parmenter-picks-up-202-ksf-houston-tower-from-kbs","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/parmenter-picks-up-202-ksf-houston-tower-from-kbs\/","title":{"rendered":"Parmenter Picks Up 202 KSF Houston Tower from KBS"},"content":{"rendered":"<p><strong>February 14, 2012<\/strong><br \/>\n<em>By Nicholas Ziegler, News Editor<\/em><br \/>\n<a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021412-2200WestLoopSouth-Houston.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/02\/021412-2200WestLoopSouth-Houston.jpg\" alt=\"\" title=\"021412 - 2200WestLoopSouth Houston\" width=\"300\" height=\"214\" class=\"alignright size-medium wp-image-1004036523\" \/><\/a><\/p>\n<p>Houston continues to outperform most of the nation in transaction volume. Parmenter Realty Partners has just picked up the 201,720-square-foot Class A tower at 2200 West Loop South from KBS Real Estate Investment Trust Inc. for an undisclosed price.<\/p>\n<p>Holliday Fenoglio Fowler L.P. marketed the property on behalf of the seller.<\/p>\n<p>The Houston market has seen quite a bit of activity lately, from sales to management contracts. Just last week, <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southwest\/cbre-to-handle-leasing-management-for-five-buildings-in-houston-center\/\">J.P. Morgan Asset Management turned over the leasing and property-management rights of a five-building, 4.2 million-square-foot Downtown portfolio<\/a> to CBRE Group Inc. Earlier this month, Cassidy Turley picked up a 2.5 million-square-foot management portfolio from the same asset-management firm, notching <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southwest\/cassidy-turley-awarded-2-5-msf-management-contract-for-texas-office-properties\/\">1.3 million of those square feet in the three-building Post Oak Central complex in Houston<\/a>.<\/p>\n<p>And two huge leases have been signed in the last 30 days as well. In late January, <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southwest\/noble-energy-signs-497-ksf-office-lease-in-houston\/\">Noble Energy Co. inked an agreement to occupy the entire 497,000 square feet of the former Hewlett-Packard headquarters<\/a> in Houston. And just three days later, LydondellBasell, a plastics and chemical manufacturer, <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southwest\/1-houston-center-to-be-renamed-lyondellbasell-tower-following-358-ksf-lease-extension\/\">signed a 358,100-square-foot lease at 1 Houston Tower<\/a> \u2013 an agreement that included naming rights for the building, which will now be called LydondellBasell Tower.<\/p>\n<p>Texas, as a whole, has fared well during the economic downturn of the last few years. According to a fourth-quarter report by services firm Marcus &amp; Millichap Real Estate Services Inc., Houston will lead the nation in job growth in 2012, with employers adding 87,000 jobs for a 3.4 percent increase in employment levels. \u201cHouston [led] the nation in hiring through the first three quarters [of 2011],\u201d the report noted, \u201cfollowed by nearby Dallas\/Fort Worth.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Houston continues to outperform most of the nation in transaction volume, and Parmenter Realty Partners has just picked up the 201,720-square-foot Class A tower at 2200 West Loop South from KBS Real Estate Investment Trust for an undisclosed price.<\/p>\n","protected":false},"author":1201,"featured_media":1004038851,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21781,21808,21742,21747],"tags":[],"class_list":["post-1004036522","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-real-estate","category-featured","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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