{"id":1004110116,"date":"2014-12-26T07:23:11","date_gmt":"2014-12-26T15:23:11","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=315140"},"modified":"2020-04-15T22:38:58","modified_gmt":"2020-04-16T06:38:58","slug":"cousins-secures-230-ksf-lease-chambers-street-cashes-in-26m-for-sam-houston-crossing-iinc","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/cousins-secures-230-ksf-lease-chambers-street-cashes-in-26m-for-sam-houston-crossing-iinc\/","title":{"rendered":"Cousins Secures 230 KSF Lease; Chambers Street Cashes In $26M for Sam Houston Crossing IInc."},"content":{"rendered":"<p><em>By Eliza Theiss, Associate Editor<\/em><\/p>\n<div id=\"attachment_315141\" class=\"wp-caption alignright\" style=\"width: 310px\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/Post-Oak-Central.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-315141\" title=\"Post Oak Central\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/Post-Oak-Central.jpg\" alt=\"\" width=\"300\" height=\"169\" \/><\/a><\/p>\n<p class=\"wp-caption-text\">Post Oak Central<\/p>\n<\/div>\n<p>Fully integrated, self-administered and self-managed REIT Cousins Properties Inc. has secured a 230,000-square-foot lease extension at Post Oak Central. Tenant Stewart Information Services Corp.&#8217;s contract was set to expire in September 2016. It has now been expanded until September 2019. The deal put Cousins\u2019 5.6 million-square-foot Houston portfolio at 96 percent occupancy, with a six-year weighted average lease term.<\/p>\n<p>Located in the heart of Uptown Houston, Post Oak Central comprises 1.3 million square feet of LEED Gold-certified, Energy Star-rated commercial space in three 24-story office towers. Amenities include a 125-person conference room, full-service banking, 24-hour monitored security, a 20,000-square-foot fitness center, a child-care center, an outdoor fountain plaza and 4,550 parking spaces.<\/p>\n<p>In other commercial news, Chambers Street Properties completed the sale of four multi-tenant office properties totaling 534,849 square feet.\u00a0 The $66.3 million sale included one wholly-owned property and three assets jointly owned with Duke Realty Corp. After paying off $19.2 million in mortgage loans, Chambers Street reported $47.1 million in sale proceeds, bringing the company\u2019s 2014 dispositions volume to $184.8 million.<\/p>\n<p>Among the sold properties was the 159,175-square-foot Sam Houston Crossing I office building in northwest Houston. Chambers Street cashed in $26.2 million for its 80 percent pro rata share in the asset. According to the <em><a href=\"https:\/\/blog.chron.com\/primeproperty\/2014\/12\/fuller-realty-partners-buys-another-office-building\/\" target=\"_blank\" rel=\"nofollow\">Houston Chronicle<\/a><\/em>, the three-story multi-tenant office building was picked up by Fuller Realty Partners. HFF marketed the property and represented the sellers.<\/p>\n<p>Sam Houston Crossing I is fully leased to tenants such as Brock Enterprises, Framers Insurance Exchange, U.S. Steel, Axon EP, AMEC Oil &amp; Gas and C.H. Robinson Project Logistics.<\/p>\n<p>Chambers Street also sold the 253,705-square-foot One and Two Easton Oval in Columbus, Ohio, which brought in $20.7 million, based on the company&#8217;s 80 percent pro rata share of the Columbus and Houston properties, and the wholly-owned 121,969-square-foot Deerfield Commons I and II in Alpharetta, Ga., which fetched $19.4 million.<\/p>\n<p><em><a title=\"MARKET SNAPSHOT: Demand in Houston Remains Strong as Economy Prospers\" href=\"https:\/\/www.multihousingnews.com\/market-data\/market-snapshot-demand-in-houston-remains-strong-as-economy-prospers\/1004096916.html\" target=\"_blank\" rel=\"nofollow\">Click here<\/a> for additional Houston market data.<\/em><\/p>\n<p><em>Image courtesy of Cousins Properties<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Eliza Theiss, Associate Editor Fully integrated, self-administered and self-managed REIT Cousins Properties Inc. has secured a 230,000-square-foot lease extension at Post Oak Central. Tenant Stewart Information Services Corp.&rsquo;s contract was set to expire in September 2016. It has now been expanded until September 2019. The deal put Cousins&rsquo; 5.6 million-square-foot Houston portfolio at 96 [&#8230;]<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1589,21742],"tags":[],"class_list":["post-1004110116","post","type-post","status-publish","format-standard","hentry","category-houston","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Cousins Secures 230 KSF Lease; Chambers Street Cashes In $26M for Sam Houston Crossing IInc. - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/cousins-secures-230-ksf-lease-chambers-street-cashes-in-26m-for-sam-houston-crossing-iinc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cousins Secures 230 KSF Lease; Chambers Street Cashes In $26M for Sam Houston Crossing IInc.\" \/>\n<meta property=\"og:description\" content=\"By Eliza Theiss, Associate Editor Fully integrated, self-administered and self-managed REIT Cousins Properties Inc. has secured a 230,000-square-foot lease extension at Post Oak Central. 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The deal put Cousins&rsquo; 5.6 million-square-foot Houston portfolio at 96 [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/cousins-secures-230-ksf-lease-chambers-street-cashes-in-26m-for-sam-houston-crossing-iinc\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-12-26T15:23:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-16T06:38:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2014\/12\/Post-Oak-Central.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cousins-secures-230-ksf-lease-chambers-street-cashes-in-26m-for-sam-houston-crossing-iinc\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/cousins-secures-230-ksf-lease-chambers-street-cashes-in-26m-for-sam-houston-crossing-iinc\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Cousins Secures 230 KSF Lease; 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