{"id":1004462974,"date":"2020-07-14T00:05:44","date_gmt":"2020-07-14T08:05:44","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004462974"},"modified":"2020-07-14T02:10:22","modified_gmt":"2020-07-14T10:10:22","slug":"hines-signs-250-ksf-lease-at-texas-tallest-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/","title":{"rendered":"Hines Signs 250 KSF Lease at Texas\u2019 Tallest Building"},"content":{"rendered":"
\"\"<\/a>

JPMorgan Chase Tower. Image courtesy of Hines<\/em><\/p><\/div>\n

A global financial services firm has signed a 250,000-square-foot lease at Texas\u2019 tallest building in downtown Houston<\/a>. Hines inked the agreement with its new tenant at 600 Travis St. while also working on a number of major renovations to the office building\u2019s exterior plaza, lobby and common areas.<\/p>\n

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READ ALSO<\/strong>: Office Occupancy Faces Uncertain Summer<\/a><\/p>\n

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600 Travis St., also known as the JPMorgan Chase Tower, has maintained its title as the tallest building in Houston and the state since its construction in 1982. The 75-story downtown building reaches more than 1,000 feet tall and offers more than 1.7 million square feet of office space. The latest lease brings 600 Travis\u2019 occupancy rate to approximately 90 percent, John Mooz, Hines\u2019 senior managing director, told Commercial Property Executive.<\/em><\/p>\n

Cushman & Wakefield\u2019s Michael Anderson, Diana Bridger and Margaret Elkins along with Hunton Andrews Kurth\u2019s Chanse McLeod represented Hines in the transaction.<\/p>\n

Major renovations<\/h2>\n

Hines, along with joint venture Cerberus Capital, acquired 600 Travis St. and the adjacent 601 Travis St. for $627 million in June 2019<\/a>. Mooz told CPE<\/em> that Hines has already begun renovations inside the building, with multiple floors in full demolition.<\/p>\n

Mooz said in prepared remarks that the company wanted to take advantage of the untapped potential of the building\u2019s plaza for years. He added that the renovations, which were designed by HOK, will be some of the most transformative changes ever tackled by Hines.<\/p>\n

\u201cThe relatively underutilized ground floor plane allowed for a transformational redesign incorporating a variety of new interior and exterior elements, including a re-engagement of public spaces, park-like landscape flourishes and an added transparency to the building\u2019s southern elevation intended to create a collaborative urban experience<\/em>,\u201d Mooz told CPE<\/em>.<\/p>\n

Hines will be enhancing the 15,000-square-foot outdoor plaza by incorporating an urban garden with seating areas, adding more greenspace, expanding the canopy and creating more connections to the building. The exterior upgrades are meant to give tenants more space for meetings, meals or breaks.<\/p>\n

The owner will also be converting the building\u2019s five-story curtain wall into a trapezoidal pyramid design that adds nearly 3,000 square feet and more natural light to the lobby. Hines will also add retail to the lobby and upgrade the building\u2019s security systems to match the modern changes. Additional plans call for the creation of a conference center that can accommodate as many as 150 people in various rooms spanning two floors. Hines is also working on converting the former Sky Lobby on the 60th floor into another lounge area whose details are yet to be finalized, Mooz told CPE. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The company welcomed a financial services firm to JPMorgan Chase Tower, its 1.7 million-square-foot office high-rise that\u2019s currently undergoing extensive renovations.<\/p>\n","protected":false},"author":883,"featured_media":1004463109,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,21808,1589,21742,21747],"tags":[33647,32799,32797,34788,41246],"class_list":["post-1004462974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-featured","category-houston","category-latest","category-office","tag-cerberus-capital-management","tag-cushman-wakefield","tag-hines","tag-hok-architects","tag-john-mooz"],"acf":[],"yoast_head":"\nHines Signs 250 KSF Lease at Texas\u2019 Tallest Building - 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\/hines-signs-250-ksf-lease-at-texas-tallest-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hines Signs 250 KSF Lease at Texas\u2019 Tallest Building\" \/>\n<meta property=\"og:description\" content=\"The company welcomed a financial services firm to JPMorgan Chase Tower, its 1.7 million-square-foot office high-rise that\u2019s currently undergoing extensive renovations.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/\" \/>\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=\"2020-07-14T08:05:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-14T10:10:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/JPMorgan-Chase-Tower.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\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\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/\",\"name\":\"Hines Signs 250 KSF Lease at Texas\u2019 Tallest Building - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/JPMorgan-Chase-Tower.jpg\",\"datePublished\":\"2020-07-14T08:05:44+00:00\",\"dateModified\":\"2020-07-14T10:10:22+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/hines-signs-250-ksf-lease-at-texas-tallest-building\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/JPMorgan-Chase-Tower.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/07\/JPMorgan-Chase-Tower.jpg\",\"width\":800,\"height\":620,\"caption\":\"JPMorgan Chase Tower. 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