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29,000 SF Lease Signed – Bank Moves from Downtown Houston to Cousin’s Greenway Plaza

9 Greenway Plaza

9 Greenway Plaza

HOUSTON – CommunityBank of Texas leased 29,000 SF in Greenway Plaza, a Houston office complex owned by Cousins Properties of Atlanta.

The bank, which signed a 12-year lease, in the 9 Greenway building, was represented by Charlie Neuhaus and Harry Holmes of Avison Young. Cousins Properties was represented by Bob Boykin, Bubba Harkins and Warren Savery. The bank is relocating from the 1415 Louisiana building in downtown Houston.

Across its 5.6 million square foot Houston portfolio, which includes Greenway Plaza and Post Oak Central, Cousins leased or renewed a total of 1.3 million square feet in 2015, finishing the year at approximately 91% leased.

In June, Transocean renewed its lease for its U.S. headquarters, a 255,413 square foot lease that occupies 4 Greenway Plaza in its entirety. Additionally, Direct Energy extended its 191,893 lease at Greenway Plaza through May 2023. At Post Oak Central, Apache signed a 524,000 square foot lease extension through December 2019.

“We had remarkable leasing success in Houston in 2015 despite the downturn in energy, with continued activity at healthy economics,” said Larry Gellerstedt, CEO of Cousins Properties.

March 15, 2016

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