{"id":1004721323,"date":"2024-07-16T03:51:19","date_gmt":"2024-07-16T11:51:19","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004721323"},"modified":"2024-07-22T07:08:18","modified_gmt":"2024-07-22T15:08:18","slug":"camden-relocates-hq-to-104-ksf-at-houston-tower","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/camden-relocates-hq-to-104-ksf-at-houston-tower\/","title":{"rendered":"Camden Relocates HQ to 104 KSF at Houston Tower"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Williams-Tower.jpg\"><img decoding=\"async\" data-attachment-id=\"1004721326\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/camden-relocates-hq-to-104-ksf-at-houston-tower\/williams-tower-3\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Williams-Tower-e1721125165997.jpg\" data-orig-size=\"637,477\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;\\u00a9 Yardi Systems, Inc.&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Williams Tower\" data-image-description=\"&lt;p&gt;The office building at 2800 Post Oak Blvd. in Houston.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Williams Tower features 64 stories with floorplates averaging 23,500 square feet, as well as almost 9,000 square feet of retail space. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Williams-Tower-e1721125165997.jpg?w=637\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/07\/Williams-Tower.jpg?w=640\" alt=\"The office building at 2800 Post Oak Blvd. in Houston.\" class=\"wp-image-1004721326\" style=\"width:269px;height:auto\"\/><\/a><figcaption class=\"wp-element-caption\">Williams Tower features 64 stories with floorplates averaging 23,500 square feet. <em>Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Camden Property Trust has signed a 104,013-square-foot, long-term lease at Williams Tower, Invesco Real Estate\u2019s 1.4 million-square-foot office building in Houston. The company will relocate its headquarters to floors 25 through 29 of the high-rise in the third quarter of next year.<\/p>\n\n\n\n<p>Avison Young worked on behalf of the tenant, while CBRE represented Invesco.<\/p>\n\n\n\n<p>Camden is currently headquartered at 11 Greenway Plaza, another Houston high-rise. The firm renewed its 86,733-square-foot lease at the building in 2013, according to CommercialEdge data. The contract is set to expire at the end of the year.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-tallest-building-outside-the-cbd\">Tallest building outside the CBD<\/h2>\n\n\n\n<p>Invesco acquired the 64-story tower in March 2013 for $412 million\u2014or $277.93 per square foot\u2014from Hines, the same source reports. The company financed the purchase with a $185.4 million loan from Prudential Financial.<\/p>\n\n\n\n<p>Williams Tower came online in 1983 and is Houston\u2019s tallest building outside of the central business district. The high-rise features floorplates averaging 23,500 square feet, as well as almost 9,000 square feet of retail space. The LEED Platinum-certified tower also has 3,100 parking spaces, 39 passenger elevators and a conference center.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/office-visits-continue-to-improve\/\">Office Visits Continue to Improve<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-text-color has-cyan-bluish-gray-color has-alpha-channel-opacity has-cyan-bluish-gray-background-color has-background is-style-wide\"\/>\n\n\n\n<p>Tenants include Ecopetrol USA, CBRE, Industrial and Commercial Bank of China and Morgan Stanley, CommercialEdge data shows.<\/p>\n\n\n\n<p>The tower is at 2800 Post Oak Blvd., in the Galleria submarket, and less than 9 miles from downtown Houston. George Bush Intercontinental Airport is within 28 miles.<\/p>\n\n\n\n<p>Avison Young Principals Anthony Squillante and Dustin Devine worked on behalf of Camden. CBRE Senior Vice President Warren Savery and Senior Associate Nina Seyyedin represented the landlord.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-houston-s-office-sector-still-faces-headwinds\">Houston\u2019s office sector still faces headwinds<\/h2>\n\n\n\n<p>Houston\u2019s office vacancy rate clocked in at 22.5 percent as of May, considerably above the 17.8 percent national average and the second-highest value registered in the South, according to a <a href=\"https:\/\/www.commercialsearch.com\/news\/office-sector-adapts-amid-market-shifts\/\">CommercialEdge office report<\/a>. The metro\u2019s rents averaged $29.56 that month.<\/p>\n\n\n\n<p>In one of the metro&#8217;s larger leasing deals signed in the first five months of the year, <a href=\"https:\/\/www.commercialsearch.com\/news\/health-care-service-corp-takes-132-ksf-in-houston\/\">Blue Cross Blue Shield of Texas committed to 132,000 square feet<\/a> at the Westbelt Office Center, a 134,707-square-foot building in Houston. The company will occupy the space for at least 11.5 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company will move to its new offices in the third quarter of next year.<\/p>\n","protected":false},"author":3355,"featured_media":1004721326,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1589,21742,21747,51973],"tags":[33022,49780,32789,33882],"class_list":["post-1004721323","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-houston","category-latest","category-office","category-southwest","tag-avison-young","tag-camden-property-trust","tag-cbre","tag-invesco-real-estate"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Camden Relocates HQ to 104 KSF at Houston Tower - 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