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How to Lease Downtown Towers in Today’s Market: Q&A with Michael Anderson of Colvill Office Properties

HOUSTON – (Realty News Report) – Too much office space is chasing too few tenants in downtown Houston, where the vacancy rate hovers around 20 percent. So, what is on the agenda for Houston developers such as Hines? A new 1 million SF building on the former site of the Houston Chronicle. To sort out the seemingly disconnect – a ... Read More »

Celebrating Hines’ Main Street Tower – His 21st Addition to Houston Skyline

  HOUSTON – (By Michelle Leigh Smith) – At 91, Gerald D. Hines opened his sexy new skyscraper this week. Towering 48-stories above Main Street and topped with a sloped crown, 609 Main at Texas has become a must-see destination – as hundreds of onlookers came to the grand opening celebration Wednesday night to view Hines’ latest urban handiwork. This ... Read More »

Shell’s Departure and the Future of Downtown Houston’s Office Market: Q&A with Paula Bruns

Houston’s office market has seen better times.  Affected by the downturn in the energy market, more office space is chasing fewer tenants.  Several weeks ago, one of the global energy giants, Shell Oil, announced plans to leave downtown for its suburban facilities — Shell’s Woodcreek Campus and the Shell Technology Center. Shell had been an anchor in downtown Houston for ... Read More »

Midway’s New Five CityCentre Office Tower Gains Tenants

HOUSTON – Colvill Office Properties has secured two new tenants for CityCentre Five, a new office building developed in west Houston by Midway. The two signed deals brings the Class A tower to 77 percent occupied. The 15-story, 227,000-SF office building is the fifth office building in Midway’s CityCentre mixed-use complex, which has retail, multifamily, restaurants and hotel space. Midway’s ... Read More »

Major Upgrade Complete at 1415 Louisiana Building

HOUSTON – The WEDGE Group completed a $10-million capital improvement effort at 1415 Louisiana, a 43-story Class A office tower in Houston’s Central Business District. Improvements were completed to the lobby, elevator cabs and tunnel space. The tower’s new lobby displays a 16’ x 22’ custom glass wall designed by renowned architectural glass artist, Paul Housberg. Built in 1983 and ... Read More »

Colvill Office Properties Reports Downtown Leasing

HOUSTON – Colvill Office Properties has closed on  30,921 square feet in two office lease transactions at 712 Main Street, a 794,186-square-foot office building located in downtown Houston. The recent deal activity includes an 11,447-square-foot new lease to Angelo Gordon & Co. and a 19,474-square-foot renewal to Mosbacher Energy Co. Connor Saxe and Marilyn Guion of Colvill Office Properties represented ... Read More »

Champions Pipe Leases Office Space in Greenspoint

HOUSTON – Champions Pipe & Supply has leased space at 4 Greenspoint Place, a Hines office property, according to Colvill Office Properties. 4 Greenspoint Place, a 403,384-square-foot Class A office building, is located in the 36-acre Greenspoint Place mixed-use office/retail development at 16925 Northchase Drive. The buildings at Greenspoint Place, originally developed by Friendswood Development, were completed between 1978 and ... Read More »

Texas Leasing Magnate: The Q & A with Chip Colvill

Colvill Office Properties is an owner’s representative company specializing in office building leasing in Houston and Dallas. Colvill’s high-profile Houston assignments include Hines’ 48-story spec project under construction on Main Street and Frank Liu’s redevelopment of the downtown Post Office property. Colvill currently oversees a large portfolio of Class A office space in the nation’s fourth largest city and the ... Read More »

Wedge Transforming Downtown Property: New Hotel and Upgrade to 43-story Office Tower

HOUSTON – Wedge Commercial Properties is planning to revamp  the 43-story Wedge International Tower in downtown Houston and develop a 12-story Hilton Garden Inn hotel adjacent to it. The 520,000-square-foot office tower has been renamed 1415 Louisiana, after its address. It is located on a block bounded by Louisiana, Milam, Clay and Bell streets, not far from the Hyatt Regency. ... Read More »

Piedmont REIT Breaks Ground on Energy Corridor Office Project

HOUSTON – Piedmont Office Realty Trust will break ground this week on Enclave Place, a 300,000-sf, 11-story office building in the Energy Corridor of west Houston. The office market in the Energy Corridor is exceptionally strong. Class A office space has been hovering around 99 percent occupancy for some time. The Piedmont building will be constructed on a 4.7-acre development ... Read More »

Statoil Leases 581,000 sf in Houston’s Westchase

HOUSTON – Statoil Gulf Services, part of Norwegian energy titan Statoil ASA, leased 581,000 sf as their North American headquarters at CityWestPlace in Houston’s Westchase District. The landlord is Thomas Properties Group. Statoil will occupy the entirety of CityWestPlace Building 2, comprising 431,000 sf, as well as extend their existing lease for 150,000 sf in CityWestPlace Building 4. Statoil currently ... Read More »

Hines Outsources Texas Office Leasing to Colvill

HOUSTON – Hines’ Southwest Region has hired Colvill Office Properties to direct leasing and marketing of its owned or managed portfolio of 15 buildings in Houston and Dallas, representing 12 million sf of Class A office properties. Colvill will add seven of Hines’ Texas leasing team members to its roster. “Outsourcing leasing responsibilities to Colvill Office Properties is a strategic move that ... Read More »

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