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Category Archives: Office

Barton Springs Office Building Sold in Austin

AUSTIN – Transwestern  brokered the disposition of 811 Barton Springs on behalf of the Seller to a fund managed by Cornerstone Real Estate Advisers. 811 Barton Springs is a 143,183 square foot Class A multitenant office building located in between Austin’s Central Business District and Southwest submarkets, two of the most desirable submarkets in Austin. The 9-story property was 99% leased at the ... Read More »

Hines Pouring Foundation This Weekend for 48-story Office Tower

HOUSTON – Downtown Houston will be lined with a parade of concrete trucks this weekend as Hines, the Houston-based real estate firm, undertakes a massive concrete mat pour for the foundation of a 1 million square-foot office tower. The process will run more than 17-hours to set the foundation for Houston’s next  skyscraper – 609 Main at Texas Avenue. The ... Read More »

OmniNet Capital Buys Former Westwood Mall; Seeks Other Texas Properties

HOUSTON– Southwest Corporate Center, a 525,580-square-foot office complex that was once the Westwood regional mall, has been sold to Omninet Capital, a Los Angeles-based investment group that is seeking Texas investments. HFF marketed the property on behalf of seller, TX 9700 Bissonnet LLC.  Omninet Capital purchased the property for an undisclosed amount on an all cash basis and closed in ... Read More »

Pier I Headquarters Building in Ft. Worth Purchased by Hines

FORT WORTH – Hines, the Houston-based real estate firm, has acquired the landmark Chesapeake Plaza, a 409,977-square-foot, 20-story, office building located on more than 14 acres of land along the Trinity River in Fort Worth’s central business district. Pier I Imports, the décor and furniture retailer, has its headquarters in the building, occupying 313,000 square feet. Hines said the building ... Read More »

New $76 Million, 110,000-SF Greater Houston Partnership Building is Underway

HOUSTON – The Greater Houston Partnership has announced plans for a new $76 million 110,000-square-foot headquarters office building and parking garage adjacent to the city’s convention center. The Partnership will occupy the top two floors of the downtown facility, which will be built on a parcel bounded by Rusk, Capitol, Avenida De Las Americas and U.S. 59. The project’s 1,900-space ... Read More »

Canadians Buy 49-Story Tower in Dallas

DALLAS – A Canadian investment group has purchased the 49-story 1700 Pacific office tower in the Dallas Central Business District – the sixth downtown office tower to sell in 2014. Quebec, Canada-based Olymbec Group acquired the 1.3 million square feet, three levels of on-site parking and an off-site parking garage connected via enclosed sky bridges. The property also includes concourse-level ... Read More »

Goddard Buys Fountain Place Tower in Dallas for $200 Million

DALLAS – Atlanta-based Goddard Investment Group, LLC, has acquired Fountain Place, one of the most recognizable skyscrapers in Texas for a reported $200 million. The 58-story office tower, located near the Arts District in Dallas, was built in 1986. Goddard partnered with an arm of Metropolitan Life Insurance to make the acquisition for a price that was close to $200 ... Read More »

Hines to Build 40-Story Tower in Downtown Denver

DENVER – Hines, the Houston-based real estate firm, announced plans for a new 40-story office tower in Denver, the first building of that magnitude to be built in the Mile High City in nearly three decades. “We are very excited about introducing this new icon to the Denver skyline. 1144 Fifteenth will set a new standard for Denver’s high-rise office ... Read More »

Energy Corridor Building Breaks Ground

KATY, Texas – Myers, Crow & Saviers, Ltd. is developing Mason Creek Office Center II in the Energy Corridor, west of Houston. The three-story, 127,955-sf office building is the second phase of the Mason Creek Office Center project, following the lease-up of Phase I by GEICO in December 2013. Construction of the second building, 1700 Merchants Way, Katy, near Mason Road ... Read More »

New Midtown Houston Office Project to be Leased by Transwestern

HOUSTON – Transwestern has been retained to lease a proposed office building in Midtown Houston, one of the first office projects to be built in the area in years. The office building, will be part of a mixed-use project with office, apartments and retail. Midtown is located south of downtown and north of the Texas Medical Center. The eight-story office ... Read More »

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