{"id":1004732972,"date":"2024-10-15T04:15:54","date_gmt":"2024-10-15T12:15:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004732972"},"modified":"2024-10-15T05:41:31","modified_gmt":"2024-10-15T13:41:31","slug":"partners-real-estate-to-lease-historic-houston-office-complex","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/partners-real-estate-to-lease-historic-houston-office-complex\/","title":{"rendered":"Partners Real Estate to Lease Historic Houston Office Complex"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-full is-resized\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Jones-on-Main.jpg\"><img decoding=\"async\" data-attachment-id=\"1004732976\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/partners-real-estate-to-lease-historic-houston-office-complex\/jones-on-main\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Jones-on-Main-e1728986073111.jpg\" data-orig-size=\"640,480\" 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=\"Jones on Main\" data-image-description=\"&lt;p&gt;Exterior shot of Jones on Main in Houston.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Jones on Main consists of four office buildings that went through multiple cosmetic renovations. Image courtesy of CommercialEdge&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Jones-on-Main-e1728986073111.jpg?w=640\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/10\/Jones-on-Main.jpg\" alt=\"Exterior shot of Jones on Main in Houston.\" class=\"wp-image-1004732976\" style=\"width:auto;height:400px\"\/><\/a><figcaption class=\"wp-element-caption\">Jones on Main consists of four historic office buildings that underwent multiple cosmetic renovations.<em> Image courtesy of CommercialEdge<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>The Wideman Co. has appointed Partners Real Estate to lease Jones on Main, an 886,000-square foot office campus in downtown Houston. Partners Senior Vice Presidents Vince Strake and Lesley Rice will spearhead all leasing activity at the Class A property.<\/p>\n\n\n\n<p>Wideman acquired the asset in May from Lionstone Investments, CommercialEdge data shows. CBRE was previously in charge of leasing.<\/p>\n\n\n\n<p>The property was developed in phases between 1915 and 1951 and underwent multiple cosmetic renovations in 1987, 2002 and 2017, according to the same source. The LEED Silver-certified complex consists of four interconnected buildings rising 10, 13, 16 and 37 stories.<\/p>\n\n\n\n<p>The 37-story building was the tallest skyscraper in the city until 1963, when the Exxon Building came online. The high-rise was previously known as the Gulf Building and the JPMorgan Chase Building as it houses the bank\u2019s headquarters.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/demand-for-ai-expertise-causes-tech-talent-to-switch-gears-cbre\/\">What the AI-Driven Hiring Surge Means for CRE<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity has-very-light-gray-to-cyan-bluish-gray-gradient-background has-background is-style-wide\"\/>\n\n\n\n<p>Jones on Main features almost 20,000 square feet of retail space, 24 passenger elevators, a rooftop terrace and a cocktail lounge, as well as the 20,000-square-foot Finn Hall, a food hall currently undergoing a transformation. Planned upgrades include an upscale restaurant and a vinyl-record listening lounge, together with office space improvements and the creation of new spec suites.<\/p>\n\n\n\n<p>Located on almost 2 acres at 708 and 712 Main St., the transit-oriented property is close to a host of dining and retail options and within walking distance of the JPMorgan Chase Tower. George Bush Intercontinental Airport is within 21 miles.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-houston-s-vacancy-rate-above-the-national-average\">Houston\u2019s vacancy rate above the national average<\/h2>\n\n\n\n<p>Despite the <a href=\"https:\/\/www.commercialsearch.com\/news\/rto-policies-mostly-go-unenforced-cbre\/\">return-to-office policies<\/a>, Houston\u2019s office vacancy rate at the end of August clocked in at 25.9 percent, according to a recent <a href=\"https:\/\/www.commercialsearch.com\/news\/lab-space-oversupply-hits-key-markets\/\">CommercialEdge office report<\/a>. The figure was well above the 19.4 percent national average. The metro\u2019s average listing rate was $30.01, slightly below the $32.78 U.S. amount.<\/p>\n\n\n\n<p>Back in April, Sovereign Partners tapped<a href=\"https:\/\/www.commercialsearch.com\/news\/partners-to-lease-980-ksf-houston-office-tower\/\"> Partners Real Estate as exclusive leasing agent<\/a> for San Felipe Plaza, a 980,742-square-foot tower also in Houston. Strake and Rice are part of that leasing team as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>That property was developed in phases between 1915 and 1951.<\/p>\n","protected":false},"author":3355,"featured_media":1004732976,"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":[32789,32779,33177,52018],"class_list":["post-1004732972","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-houston","category-latest","category-office","category-southwest","tag-cbre","tag-leed","tag-lionstone-investments","tag-partners-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>Partners Real Estate to Lease Historic Houston Office Complex - 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