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Historic Peak: Full Floor Leased at the Top of Art Deco Tower (Former HQ of Gulf Oil and Texaco)

The Mitchell Group leased a 4,000-SF floor at the top of the historic Jones on Main office project. Lionstone and Midway own the rebranded property.

The Mitchell Group leased a 4,000-SF floor at the top of the historic Jones on Main office project. Lionstone and Midway own the rebranded property.

HOUSTON – Colvill Office Properties has closed on a 4,000-SF office lease to The Mitchell Group at The Jones on Main, a rebranded historic office project in downtown Houston.

The historic Art Deco project was once the headquarters of Gulf Oil Co. many years ago. The Mitchell Group leased the entire 31st floor in the project, which has small floor plates at the top of the 715,000-SF tower.

The office complex located at 708 and 712 Main Street, which includes the JPMorgan Chase & Co. Building, is being redeveloped by the property’s Houston-based ownership, Lionstone Investments and Midway.

Connor Saxe and Vince Strake of Colvill Office Properties represented the building owners. Kevin Kushner of CBRE represented The Mitchell Group.

Plans for the rebranding at the iconic 708 and 712 Main buildings include, creating a collaborative and socially engaging environment via ground-level connection of the two buildings, the addition of hospitality-inspired amenities, as well as new street-level restaurant and retail spaces.

Built in 1908 and expanded in 1922, 708 Main has held a presence on Main Street in downtown for more than a century. Also known as The Great Jones Building, the office tower was originally home to the Texas Company (later Texaco), and then became the Bankers Mortgage Building.

Former Houston Chronicle publisher Jesse H. Jones kept an office in the building as work progressed on the adjacent Gulf Building.

The 712 Main office tower, is a 37-story Art Deco skyscraper houses the current Houston banking headquarters for JPMorgan Chase & Co. The building was commissioned in 1929 by Jesse Jones and it remained the tallest building in Houston until 1963. The tower is a City of Houston Landmark and is listed on the National Register of Historic Places.

The recent deal activity in The Jones complex includes an 11,447-square-foot new lease to Angelo Gordon & Co., a New York-based real estate investment firm.

 Houston-based Colvill Office Properties specializes in landlord representation of office buildings and currently directs leasing and marketing of 16.7 million square feet of Class A office space in Houston and Dallas. The firm now leases 13 percent of the Class A and 32 percent of the CBD office space in Houston.

Sept. 22, 2016 Realty News Report Copyright 2016

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